Benefits Following Termination Sample Clauses

Benefits Following Termination. 15.1 If the Executive's employment with the Company is terminated pursuant to Section 13.1, the Executive shall receive the benefits noted in Section 11 of this Agreement. 15.2 If the Executive's employment with the Company is terminated pursuant to Section 13.2, this Agreement shall terminate immediately. Any unvested stock options or other benefits shall be immediately forfeited upon the effective date of termination, as shall any accrued but unpaid amounts with regard to salary, bonuses or other benefits. 15.3 If the Executive's employment with the Company is terminated pursuant to Section 13.3, the Executive shall be entitled to: 15.3.1 A lump sum payment of one year's salary plus the incentive award paid in the year prior to termination; 15.3.2 Immediate vesting of any stock options and/or stock grants, to the extent provided in Section 6.2.3 of this Agreement; 15.3.3 Immediate vesting of any other benefits provided by the Company consistent with operation of law. 15.3.4 Company shall provide at its expense for Executive's lifetime and his spouse's lifetime health and welfare benefits, at least comparable to those benefits in effect on the date hereof or, if greater, immediately prior to the Date of Termination, including but not limited to medical, dental, disability, spouse and dependent care. At Company's election, health benefits may be provided by reimbursing Executive or his spouse or child's guardian, as the case may be, for the cost of converting group policy to individual coverage, or for the cost of extended COBRA coverage. 15.3.5 The Executive and his spouse shall retain the travel benefits noted in Section 10.2. 15.4 If the Executive's employment with the Company is terminated pursuant to Section 13.4, the Executive or his beneficiary or estate shall receive the benefits noted in Section 12 of this Agreement. 15.5 If the Executive terminates this Agreement pursuant to Section 14, he shall be entitled to the same benefits as if the Company had terminated him without cause pursuant to Section 13.3. 15.6 If the Executive is terminated by the Company other than for Cause or if the Executive terminates employment for death, disability or pursuant to Section 14, he will receive a pro-rated bonus for the year of termination based upon the number of days worked in the year of termination. 15.7 If the Executive terminates this Agreement other than pursuant to Section 14, he shall be entitled to: 15.7.1 Accrued but unpaid amounts with regard to sala...
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Benefits Following Termination. The benefits to which Employee (or, as applicable, his estate) may be entitled pursuant to the plans and programs referred to in Section 3(d) hereof upon termination of Employee's employment shall be determined and paid in accordance with the terms of such plans and programs, or as may be required by applicable law.
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Benefits Following Termination. 15.1 If the Executive's employment with the Company is terminated pursuant to Section 13.1, the Executive shall receive the benefits noted in Section 11 of this Agreement. 15.2 If the Executive's employment with the Company is terminated pursuant to Section 13.2, this Agreement shall terminate immediately. Any unvested stock options or other benefits shall be immediately forfeited upon the effective date of termination, as shall any accrued but unpaid amounts with regard to salary, bonuses or other benefits. 15.3 If the Executive's employment with the Company is terminated pursuant to Section 13.3, the Executive shall be entitled to: 15.3.1 A lump sum payment of $500,000; 15.
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Benefits Following Termination. Any eligible teacher terminating employment with the school district may continue to receive hospitalization, medical and surgical health insurance, life insurance, and dental insurance, until he/she becomes re-employed by the same or another employer, or for a period of eighteen (18) months after the District stops payment of benefits, whichever is shorter, provided the full cost of said benefits shall be paid on a monthly basis by the teacher who terminated employment. (Except as noted in Article X, Section 5 and Article IX.)
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Benefits Following Termination. The benefits to which Executive (or as applicable, his spouse or estate) may be entitled pursuant to the plans and programs referred to in Section 3.6 hereof upon termination of Executive’s employment shall be determined and paid in accordance with the terms of such plans and programs, or as may be required by applicable law. In the event Executive is terminated in accordance with Section 4.5, the Company shall, on behalf of the Executive, fund the COBRA premiums or other premiums, as applicable, for the various benefits in which the Executive had participated prior to the termination date, for the Severance Term as defined in Section 4.5(iii) above.
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Benefits Following Termination. Except as otherwise provided in this Section 10, the benefits to which Mxxxxxxxxxx (or, as applicable, his spouse or estate) may be entitled pursuant to the plans and programs referred to in Section 6(c) hereof upon termination of Mxxxxxxxxxx’x consulting engagement hereunder shall be determined and paid in accordance with the terms of such plans and programs or as may otherwise be required by applicable law.
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Benefits Following Termination. Subject to the requirement that on or before the 30th day following your "termination"you shall have executed and delivered to Xxxxxxx the Agreement and General Release in the form of Exhibit A to this letter and that not less than 7 days thereafter you shall have signed and delivered to Xxxxxxx the letter in the form of Exhibit B to this letter, in the event of your "termination" your "benefits" will be continued until the first anniversary of your "termination date" (in the case of "termination" covered by section 2b, your benefits will be continued until the earlier of the first anniversary of your "termination date" or your having become gainfully employed). Your "benefits" will consist of the following.
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Benefits Following Termination. Except as expressly provided elsewhere in this Agreement, upon the termination of Executive's employment with Company, then the Company shall have no further obligations or liabilities to the Executive hereunder, such that all benefits and salary provided for within this Agreement shall terminate simultaneously with the termination of the Executive's employment, except for benefits and salary earned and accrued through the date of termination. Nothing in this subparagraph (e) shall supersede any rights of the Executive to receive any amounts or benefits otherwise due to him, whether such rights are created by this Agreement or otherwise. Notwithstanding the foregoing, in the event that the Executive's employment is terminated due to disability, the Company shall continue to pay the salary and maintain benefits for Executive for a period equal to one (1) year from the date on which the Executive first became unable to Perform his duties and responsibilities hereunder as a result of such disability.
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Benefits Following Termination 
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Related to Benefits Following Termination

  • Compensation Following Termination In the event that Executive’s employment hereunder is terminated, Executive shall be entitled only to the following compensation and benefits upon such termination:

  • Following Termination 11.2.1 the Parties will agree the procedure for administering the Insurance Business current at the time of termination; 11.2.2 the Broker will make all reasonable efforts to provide the Company with contact details for any Insured or other party with whom the Company has contracted in the conduct of Insurance Business where:- 11.2.2.1 the Broker has acted as the agent of the Company; and 11.2.2.2 where such information is reasonably required in order for the Company to carry out its obligations in relation to Insurance Business concluded in accordance with this Agreement. 11.2.3 Where permissible the Parties will remain liable to perform their obligations in accordance with the terms of this Agreement in respect of all Insurance Business subject to this Agreement until all Insurance Business has expired or has otherwise been terminated.

  • Obligations Following Termination If a Non-Defaulting Party terminates this Agreement pursuant to this Section 13(b), then following such termination, Seller shall, at the sole cost and expense of the Defaulting Party, remove the equipment (except for mounting pads and support structures) constituting the System. The Non-Defaulting Party shall take all commercially reasonable efforts to mitigate its damages as the result of a Default Event.

  • Compensation Following Termination of Employment In the event that Executive's employment hereunder is terminated, Executive shall be entitled to the following compensation and benefits upon such termination:

  • Termination; Survival Following Termination (i) Either party may terminate this Agreement prior to the end of the Agency Period, by giving written notice as required by this Agreement, upon ten (10) Trading Days’ notice to the other party; provided that, (A) if the Company terminates this Agreement after the Agent confirms to the Company any sale of Shares, the Company shall remain obligated to comply with Section 3(b)(v) with respect to such Shares and (B) Section 2, Section 6, Section 7 and Section 8 shall survive termination of this Agreement. If termination shall occur prior to the Settlement Date for any sale of Shares, such sale shall nevertheless settle in accordance with the terms of this Agreement. (ii) In addition to the survival provision of Section 7(b)(i), the respective indemnities, agreements, representations, warranties and other statements of the Company, of its officers and of the Agent set forth in or made pursuant to this Agreement will remain in full force and effect, regardless of any investigation made by or on behalf of the Agent or the Company or any of its or their partners, officers or directors or any controlling person, as the case may be, and, anything herein to the contrary notwithstanding, will survive delivery of and payment for the Shares sold hereunder and any termination of this Agreement.

  • Right to Terminate Following Termination Event Sections 6(b)(ii)-(iv) are deleted in their entirety and replaced by the following:

  • Employment Status Termination Following Change in Control (a) No benefits shall be payable under this Agreement unless there has been a Change in Control of the Company during the Term. You acknowledge that this Agreement does not constitute a contract of employment or impose on the Company any obligation to retain you as an employee. You may terminate your employment at any time, with or without Good Reason. If your employment with the Company terminates for any reason and subsequently a Change in Control shall have occurred, you shall not be entitled to any benefits hereunder. (b) Any termination of your employment by the Company or by you following a Change in Control of the Company during the Term shall be communicated by written notice of termination that indicates the specific provision in this Agreement relied upon and sets forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of your employment under the provision so indicated ("Notice of Termination"). A Notice of Termination shall be delivered to the other party hereto in accordance with Section 6.

  • Qualifying Termination If, prior to Executive’s attainment of age 65, Executive’s employment is involuntarily terminated by the Company without Cause (and other than due to his Disability) or is voluntarily terminated by Executive for Good Reason, in either case only during the period commencing on the occurrence of a Change in Control of the Company and ending on the second anniversary of date of the Change in Control (“Protection Period”), then the Company shall pay or provide Executive with: (i) Executive’s Accrued Obligations, payable in accordance with Section 8(a)(i); (ii) Any unpaid annual cash incentive award earned with respect to any fiscal year ending on or preceding the date of termination, payable when awards are paid generally to senior executives for such year; (iii) A pro-rated annual cash incentive for the fiscal year in which such termination occurs, the amount of which shall be based on target performance and a fraction, the numerator of which is the number of days elapsed during the performance year through the date of termination and the denominator of which is 365, which pro-rated annual cash incentive award shall be paid when awards are paid generally to senior executives for such year; (iv) A lump sum severance payment in the aggregate amount equal to the product of (A) the sum of (1) Executive’s highest Base Salary during the Protection Period plus (2) his annual target annual cash incentive award multiplied by (B) two (2); provided, unless the Change of Control occurring on or preceding such termination also meets the requirements of Section 409A(a)(2)(A)(v) and Treasury Regulation Section 1.409A-3(i)(5) (or any successor provision) thereunder (a “409A Change in Control”), the amount payable to Executive under this subparagraph (iv) shall be paid to Executive in equal semi-monthly payroll installments over a period of twenty-four (24) months, not in a lump sum, to the extent necessary to avoid the application of Section 409A(a)(1)(A) and (B); (v) Subject to Executive’s continued co-payment of premiums, continued participation for two (2) years in the Company’s medical benefits plan which covers Executive and his eligible dependents upon the same terms and conditions (except for the requirements of Executive’s continued employment) in effect for active employees of the Company. In the event Executive obtains other employment that offers substantially similar or more favorable medical benefits, such continuation of coverage by the Company under this subsection shall immediately cease. The continuation of health benefits under this subsection shall reduce the period of coverage and count against Executive’s right to healthcare continuation benefits under COBRA; and (vi) Payments falling under Section 10(b)iv shall, if to be paid in a lump sum pursuant to such section, be paid within ten (10) business days after the Executive’s termination of employment. Provided, to the extent applicable under Section 409A as a “deferral of compensation,” and not as a “short-term deferral” under Treasury Regulation Section 1.409A-1(b)(4), the payments and benefits payable to Executive under this Section 10(b) shall be subject to the Safe Harbor and Postponement provided at Section 8(c)(iv).

  • PROVISIONS SURVIVING TERMINATION The provisions of Sections 10, 14, 16, 21 and 29 of this Agreement shall survive termination of this Agreement for any reason.

  • Termination Following a Change in Control (a) If the Executive's employment is terminated by the Company or any Subsidiary during the Severance Period, the Executive shall be entitled to the benefits provided by Section 4 unless such termination is the result of the occurrence of one or more of the following events: (i) The Executive's death; (ii) If the Executive becomes permanently disabled within the meaning of, and begins actually to receive disability benefits pursuant to, the long-term disability plan in effect for, or applicable to, Executive immediately prior to the Change in Control; or

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