Employee Voluntary. In the event Xxxxxxx terminates his employment of his own volition prior to the end of the term of this Agreement, except for a termination as described in Section 9.6 and except for termination for Good Reason as specifically provided otherwise in the Severance Agreement, such termination shall constitute a voluntary termination and in such event the Company's only obligation to Xxxxxxx shall be to make Base Salary payments provided for in this Agreement through the date of such voluntary termination. Any rights and benefits Xxxxxxx may have under the employee benefit plans and programs of the Company, in which he is a participant, shall be determined in accordance with the terms and provisions of such plans and programs. Xxxxxxx understands and agrees that in the event of the termination of employment pursuant to this Section 9.5: (a) All awards of restricted stock, stock options and any other benefits under the Long-Term Incentive Plans shall be handled in accordance with the terms of the relevant plan and agreements entered into between Xxxxxxx and the Company with respect to such awards; and (b) the Company shall have no further obligation to pay any bonuses to Xxxxxxx under the terms of the MIP or this Agreement.
Employee Voluntary. In the event Xxxxxx terminates her employment of her own volition, except for a termination described in Section 6.6, such termination shall constitute a voluntary termination and in such event Meredith’s only obligation to Xxxxxx shall be to make Base Salary payments provided for in this Agreement through the date of such voluntary termination. Any rights and benefits Xxxxxx may have under the employee benefit plans and programs of the Company, in which she is a participant, shall be determined in accordance with the terms and provisions of such plans and programs. All awards of restricted stock, restricted stock units, stock options and any other benefits under the Incentive Plans shall be handled in accordance with the terms of the relevant plan and agreements entered into between Xxxxxx and the Company with respect to such awards.
Employee Voluntary. Investment Provider Allocation Election Allocation % total must equal 100% Whole Percentages only Payroll Effective Date: ______________ (Employee is responsible for establishing an account with the Investment Provider before any amounts are contributed by the Employer to the Investment Provider)
Employee Voluntary. 🞏 Employer Contribution Please note: each money source change will require a separate form to be completed. Investment Provider Allocation Election • Allocation % total must equal 100% • Whole Percentages only Effective Date: (Employee is responsible for establishing an account with the Investment Provider before any amounts are contributed by the Employer to the Investment Provider) Investment Provider Contract/Account Number Allocation %
Employee Voluntary. In the event Executive terminates his employment of his own volition prior to the end of the term of this Agreement, except for a termination as described in Section 9.6 and except for termination for Good Reason as specifically provided otherwise in the Severance Agreement, such termination shall constitute a voluntary termination and in such event the Company's only obligation to Executive shall be to make Base Salary payments provided for in this Agreement through the date of such voluntary termination. Any rights and benefits Executive may have under the employee benefit plans and programs of the Company, in which he is a participant, shall be determined in accordance with the terms and provisions of such plans and programs. Executive understands and agrees that in the event of the termination of employment pursuant to this Section 9.5: (a) All awards of restricted stock, stock options and any other benefits under the Long-Term Incentive Plans shall be handled in accordance with the terms of the relevant plan and agreements entered into between Executive and the Company with respect to such awards; and (b) the Company shall have no further obligation to pay any bonuses to Executive under the terms of the MIP or this Agreement.
Employee Voluntary. Employer Contribution Employee After-Tax Please note: each money source change will require a separate form to be completed. Investment Provider Allocation Election • Allocation % total must equal 100% • Whole Percentages only Effective Date: (Employee is responsible for establishing an account with the Investment Provider before any amounts are contributed by the Employer to the Investment Provider) Investment Provider Contract/Account Number Allocation % Total: 0
Employee Voluntary. In the event Ceryanec terminates his employment of his own volition, such termination shall constitute a voluntary termination and in such event Meredith’s only obligation to Ceryanec shall be to make Base Salary payments provided for in this Agreement through the date of such voluntary termination. Any rights and benefits Ceryanec may have under the employee benefit plans and programs of the Company, in which he is a participant, shall be determined in accordance with the terms and provisions of such plans and programs. All awards of restricted stock, stock options and any other benefits under the Incentive Plans shall be handled in accordance with the terms of the relevant plan and agreements entered into between Ceryanec and the Company with respect to such awards.
Employee Voluntary. In the event Xxxx terminates his employment of his own volition prior to the end of the term of this Agreement, except for a termination as described in Sections 9.6 or 9.7 and except for termination for Good Reason as specifically provided otherwise in the Severance Agreement (as if the Severance Agreement were applicable in the event of such termination of employment), such termination shall constitute a voluntary termination and in such event the Company's only obligation to Xxxx shall be to make Base Salary payments provided for in this Agreement through the period ending with the date of such voluntary termination. Except as may be otherwise expressly provided in Sections 6, 7.3, and 9.2, but subject to the following provisions of this Section 9.5, any rights and benefits Xxxx may have under the employee benefit plans and programs of the Company, in which he is a participant, shall be determined in accordance with the terms and provision of such plans and programs. Xxxx understands and agrees that in the event of the termination of employment pursuant to this Section 9.5: (a) All awards of restricted stock, stock options and any other benefits under the Long-Term Incentive Plans shall be handled in accordance with the terms of the relevant plan and agreements entered into between Xxxx and the Company with respect to such awards; (b) the Company shall have no further obligation to pay any bonus to Xxxx under the terms of the MIP or this Agreement; and (c) the Company shall have no obligation to provide benefits under the SERP, but that the obligations of Xxxx under Section 10 shall remain in full force and effect. Failure to Re-elect as Chairman of the Board of Directors. In the event Xxxx is not re-elected to or is removed from the position of Chairman of the Board (for reasons other than for Due Cause or physical or mental incapacity) prior to the end of the term of this Agreement, Xxxx shall have the right to terminate his employment with the Company within ninety (90) days of being notified of such action, and such termination shall be deemed to be termination by the Company without "Due Cause," and such termination shall be treated in accordance with the terms of Section 9.4 above. If Xxxx shall terminate his employment and such termination is deemed to be termination by the Company without Due Cause pursuant to this Section or Section 9.7, Xxxx shall be entitled to the same rights and benefits, and free of all further obligations of any kind unde...
Employee Voluntary. In the event Xx. Xxxxxx terminates his employment of his own volition prior to the end of the term specified in Section 2 of this Agreement, such termination shall constitute a voluntary termination and in such event Company's only obligation to Xx. Xxxxxx shall be to make Base Salary payments provided for in this Agreement through the period ending with the date of such voluntary termination. Except as may be otherwise expressly provided in Section 9.2, but subject to the following provisions of this Section 9.5, any rights and benefits Xx. Xxxxxx may have under the 1994 Option Plan, in which he is a participant, shall be determined in accordance with the terms and provisions of such plan. Xx. Xxxxxx understands and agrees that in the event of the termination of employment pursuant to this Section 9.5: (a) the principal and interest on the Loan shall become due and payable in full immediately, (b) Xx. Xxxxxx must return the automobile supplied to him by the Company and (c) the payment provided under Section 8.4 of this Agreement shall cease.
Employee Voluntary. In the event Winterbottom terminates his employment of his own volition prior to the end of the Term of this Agreement, except for a termination for Good Reason as specifically defined in Section 4.6 below, such termination shall constitute a voluntary termination and in such event the Company’s only obligation to Winterbottom shall be to make Base Salary payments provided for in this Agreement through the date of such voluntary termination. Winterbottom understands and agrees that in the event of termination of employment pursuant to this Section 4.5: (a) any rights and benefits Winterbottom may have under the employee benefit plans and programs of the Company or its subsidiaries in which he is a participant shall be determined in accordance with the terms and provisions of such plans and programs; (b) all awards of restricted stock, stock options, and any other benefits under any long-term incentive plans shall be handled in accordance with the terms of the relevant plan and agreements entered into between Winterbottom and the Company with respect to such awards; (c) the Company shall have no obligation to pay any Annual Bonus, Incentive Target, or Incentive Payment to Winterbottom under the terms of this Agreement and (d) the obligations of Winterbottom under Sections 7 and 8 of this Agreement shall remain of full force and effect.
