AND SETTLEMENT. MRUs shall fully vest on the second anniversary of the Date of Grant, so long as Grantee has continuously performed service (whether as an employee, director or consultant for the Company or any of its Affiliates) (“Service”) from the Date of Grant to the vesting date. MRUs shall be settled in cash by the Company no later than 60 days after the applicable vesting date, provided, however, that if Grantee is deemed on the date of termination to be a “specified employee” within the meaning of that term under Section 409A(a)(2)(B) of the Internal Revenue Code of 1986, as amended (the “Code”), then with regard to any payment or the provision of any benefit that is considered deferred compensation under Section 409A of the Code payable on account of a “separation from service,” such payment or benefit shall be made or provided at the date which is the earlier of (i) the expiration of the six (6)-month period measured from the date of such “separation from service” of Grantee, and (ii) the date of Grantee’s death. Grantee shall be entitled, at his or her election, to defer the cash settlement of MRUs into the Company’s Deferred Compensation Plan, pursuant to the terms and conditions of such plan and provided that Grantee is eligible to participate in such plan. The Company may withhold from any amounts payable under this Agreement such Federal, state and local taxes as may be required to be withheld pursuant to any applicable law or regulation.
AND SETTLEMENT. The Trustee shall have the power to compromise, settle, and adjust any claims or demand by or against said trust, on any terms it may deem advisable, and to agree to any rescission or modification of any contract or agreement affecting this trust.
AND SETTLEMENT. 15. The parties have engaged in settlement discussions to resolve the ACO. As a result, the parties agree to the corrective actions set forth below.
AND SETTLEMENT. Employees shall be paid every second Thursday. Interim advances will be made only in instances of vident emergency. Should a paid holiday occur on Thursday pay ay or Friday, payment will be made on Wednesday of that week. In instances of authorized extended leave of cash advances will be issued to the extent of the payroll credit.
AND SETTLEMENT. Chronimed may defend, adjust, settle, or compromise any claim, suit, or judgment in respect of any obligation of Xxxxxx, guaranteed by Chronimed, after notice to Xxxxxx and at Xxxxxx'x expense, unless Xxxxxx desires to litigate such claim, defend such suit, or appeal such judgment, and simultaneously therewith deposits with Chronimed additional collateral security sufficient to pay any judgment rendered, with interest, costs, and expenses. Chronimed's right to indemnification under this agreement shall extend to any money paid by it in settlement or compromise of any such claims, suits, and judgments in good faith, after notice to Xxxxxx.
AND SETTLEMENT
