Applicability of Provisions from the Agreement Sample Clauses

Applicability of Provisions from the Agreement. The parties agree that Sections 12 (Arbitration), 16 (Entire Agreement), 17 (Modification and Waiver), 18 (Severability), 20 (Counterparts) and 23 (Successors and Assigns) of the Agreement apply to this Release. EMPLOYEE HAS READ THE FOREGOING RELEASE. EMPLOYEE FULLY UNDERSTANDS THE TERMS OF THIS RELEASE AND THAT EMPLOYEE MAY BE WAIVING SIGNIFICANT LEGAL RIGHTS BY EXECUTING IT, AND EMPLOYEE HAS VOLUNTARILY EXECUTED THIS RELEASE ON THE DATE WRITTEN BELOW, SIGNIFYING THEREBY EMPLOYEE’S ASSENT TO, AND WILLINGNESS TO BE BOUND BY, ITS TERMS: Date: EMPLOYEE
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Applicability of Provisions from the Agreement. The Parties agree that Sections 6 (Governing Law and Interpretation), 7 (Amendment), 10 (Voluntary Acceptance), 11 (Binding Effect), 12 (Entire Agreement), 13 (Severability), 14 (Construction), 15 (Counterparts), 16 (No Assignment of Claims), and 17 (Nonwaiver) of the Agreement apply to this Release. EXECUTIVE HAS READ THE FOREGOING RELEASE. EXECUTIVE FULLY UNDERSTANDS THE TERMS OF THIS RELEASE AND THAT EXECUTIVE MAY BE WAIVING SIGNIFICANT LEGAL RIGHTS BY EXECUTING IT, AND EXECUTIVE HAS VOLUNTARILY EXECUTED THIS RELEASE ON THE DATE WRITTEN BELOW, SIGNIFYING THEREBY EXECUTIVE’S ASSENT TO, AND WILLINGNESS TO BE BOUND BY, ITS TERMS: Date: EXECUTIVE EXHIBIT B Severance Payments and Benefits Type of Payment/Benefit Form of Payment/Benefit Timing of Payment/Benefit Cash Severance 18 months of Executive’s current base salary and 1.5 times Executive’s annual cash award pursuant to the AIP for FY 2022 at target level ($2,305,000) The first payroll after the expiration of the seven-day revocation period for the Second Release FY 2022 Bonus Full FY 2022 annual cash award pursuant to the AIP at target level ($854,000) The first payroll after the expiration of the seven-day revocation period for the Second Release Equity Award (Stock Options) In lieu of prorated accelerated vesting (though the Separation Date) of 10/12th of the 25% tranche of the stock options granted on April 1, 2019, an amount in cash equal to the closing price of Verisk Stock on January 13, 2023 (the next trading day preceding the Separation Date), minus the option exercise price per Verisk Share of $134.24, multiplied by 4,992 Verisk Shares The first payroll after the expiration of the seven-day revocation period for the Second Release
Sample 1
Applicability of Provisions from the Agreement. The parties agree that Sections 4 (Governing Law and Interpretation), 5 (Amendment), 8 (Voluntary Acceptance), 9 (Binding Effect), 10 (Entire Agreement), 11 (Severability), 12 (Construction), 13 (Counterparts), 14 (No Assignment of Claims), and 15 (Nonwaiver) of the Agreement apply to this Release. EMPLOYEE HAS READ THE FOREGOING RELEASE. EMPLOYEE FULLY UNDERSTANDS THE TERMS OF THIS RELEASE AND THAT EMPLOYEE MAY BE WAIVING SIGNIFICANT LEGAL RIGHTS BY EXECUTING IT, AND EMPLOYEE HAS VOLUNTARILY EXECUTED THIS RELEASE ON THE DATE WRITTEN BELOW, SIGNIFYING THEREBY EMPLOYEE’S ASSENT TO, AND WILLINGNESS TO BE BOUND BY, ITS TERMS: Date: XXXXX XXXXXXXXXX EXHIBIT B Outstanding Equity Awards Award Type Grant Date # of Shares Underlying Award # of Vested but Unexercised Shares # of Unvested Shares as of Separation Date Stock Options 01/15/2022 49,787 — 49,787 Stock Options 01/15/2021 75,172 18,793 56,379 Stock Options 01/15/2020 73,556 36,778 36,778 Stock Options 04/01/2019 67,711 33,855 33,856 Stock Options 04/01/2018 64,799 48,599 16,200 Stock Options 04/01/2017 145,161 145,161 — Stock Options 04/01/2016 140,158 140,158 — Stock Options 04/01/2015 167,187 167,187 — Stock Options 04/01/2014 168,352 168,352 — Restricted Shares 01/15/2022 10,598 N/A 10,598 Restricted Shares 01/15/2021 13,814 N/A 10,361 Restricted Shares 01/15/2020 11,819 N/A 5,910 Restricted Shares 04/01/2019 12,105 N/A 3,027 Restricted Shares 04/01/2018 13,221 N/A — Performance-based RSUs (TSR) 01/15/2022 20,704 N/A 20,704 Performance-based RSUs (ROIC) 01/15/2022 10,598 N/A 10,598 Performance-based RSUs (TSR) 01/15/2021 25,143 N/A 25,143 Performance-based RSUs (TSR) 01/15/2020 19,678 N/A 19,678
Sample 1

Related to Applicability of Provisions from the Agreement

  • Continuing Provisions of the Agreement Except as otherwise specifically set forth in this Amendment, all other terms of the Agreement shall remain unchanged and continue in full force and effect.

  • Severability of Provisions If any one or more of the covenants, agreements, provisions or terms of this Agreement shall be for any reason whatsoever held invalid, then such covenants, agreements, provisions or terms shall be deemed severable from the remaining covenants, agreements, provisions or terms of this Agreement and shall in no way affect the validity or enforceability of the other provisions of this Agreement or of the Certificates or the rights of the Holders thereof.

  • Severability of Agreement Should any part of this Agreement for any reason be declared invalid by a court of competent jurisdiction, such decision shall not affect the validity of any remaining portion, which remaining provisions shall remain in full force and effect as if this Agreement had been executed with the invalid portion thereof eliminated, and it is hereby declared the intention of the parties that they would have executed the remaining portions of this Agreement without including any such part, parts or portions which may, for any reason, be hereafter declared invalid.

  • Severability of Provisions; Captions; Attachments Any provision of this Agreement that shall be prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof or affecting the validity or enforceability of such provision in any other jurisdiction. The several captions to sections and subsections herein are inserted for convenience only and shall be ignored in interpreting the provisions of this Agreement. Each schedule or exhibit attached to this Agreement shall be incorporated herein and shall be deemed to be a part hereof.

  • Severability of Provision Each provision of this Agreement is severable from every other provision in determining the enforceability of any provision.

  • Survival of Provisions Upon Invalidity of Any Single Provision In case any provision in this Agreement shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.

  • Separability of Provisions Each provision of this Agreement shall be considered separable and if for any reason any provision or provisions herein are determined to be invalid, unenforceable or illegal under any existing or future law, such invalidity, unenforceability or illegality shall not impair the operation of or affect those portions of this Agreement which are valid, enforceable and legal.

  • Binding Effect of the Agreement This Agreement shall inure to the benefit of, and be binding upon , the Company, the Recipient and their respective estates, heirs, executors, transferees, successors, assigns and legal representatives.

  • Limitation by Law; Severability of Provisions All rights, remedies and powers provided in this Security Agreement may be exercised only to the extent that the exercise thereof does not violate any applicable provision of law, and all the provisions of this Security Agreement are intended to be subject to all applicable mandatory provisions of law that may be controlling and to be limited to the extent necessary so that they shall not render this Security Agreement invalid, unenforceable or not entitled to be recorded or registered, in whole or in part. Any provision in this Security Agreement that is held to be inoperative, unenforceable, or invalid in any jurisdiction shall, as to that jurisdiction, be inoperative, unenforceable, or invalid without affecting the remaining provisions in that jurisdiction or the operation, enforceability, or validity of that provision in any other jurisdiction, and to this end the provisions of this Security Agreement are declared to be severable.

  • Invalidity of Subordination Provisions, etc Any subordination provision in any document or instrument governing Subordinated Debt, or any subordination provision in any guaranty by any Subsidiary of any Subordinated Debt, shall cease to be in full force and effect, or any Loan Party or any other Person (including the holder of any applicable Subordinated Debt) shall contest in any manner the validity, binding nature or enforceability of any such provision.

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