Benefits on Termination. On termination of this Agreement by the Company pursuant to Section 7 or by the Employee pursuant to Section 8, all profit-sharing, deferred compensation and other retirement benefits payable to the Employee under benefit plans in which the Employee then participated shall be paid to the Employee in accordance with the provisions of the respective plans.
Benefits on Termination. In the event of any termination, other ----------------------- than termination by Sensormatic for Cause, of Executive's employment with Sensormatic at any time following a "non-approved" Change in Control, Executive shall be entitled to the following benefits:
(i) Subject to Section 4 hereof, Sensormatic shall, as soon as practicable, pay to Executive a lump sum payment equal to the amount of any then unvested interest which Executive may have had on the date of such "non-approved" Change in Control (less any amount of such interest subsequently vested), and as supplemented thereafter through the date of such termination, in Sensormatic's profit sharing, ESOP or other retirement plans (other than the Retirement Plan); and
(ii) Unless a trust or other arrangement previously determined in writing to be satisfactory by a majority of the Previous Members of the Board of Directors then in office assuring payment of benefits to or for the benefit of Executive under Sensormatic's Retirement Plan in the event of a Change in Control has been previously established and is then in effect, Sensormatic shall take such steps as are necessary, within 30 days after such termination, to fully fund all of Executive's benefits under such Plan (after giving effect to the change in control provisions of such Plan) through paid-up insurance, annuity contracts and/or other similar means, so that the ultimate payment of benefits (at a rate not less than the greater of the rates in effect under such Plan at the date of such termination or immediately after such Change in Control) upon Executive's attaining retirement age under such Plan or upon his earlier death or disability (as defined in such Plan) (despite Executive's no longer being employed by Sensormatic) shall be assured beyond any reasonable doubt; provided, however, that either such manner of funding shall be structured -------- ------- so as not to constitute "constructive receipt" by Executive of the benefits in question for income tax purposes, or the benefits in question shall be paid out in a lump sum, discounted to present value in the manner provided in Section 8(a). In addition, following any such termination which is involuntary, the non-competition provisions included in any such Plan shall have no force or effect.
Benefits on Termination. Employees who leave the employ of the Employer for reasons other than discharge for just cause may receive pay for accrued but unused vacation leave in any of the following circumstances:
(a) If an employee retires in accordance with the retirement plan currently in effect.
(b) If an employee resigns from employment and a minimum of two weeks advance notice is given to the Employer.
(c) If an employee is laid off and requests payment of vacation pay, provided , however, that such vacation pay shall be designated to the period of the layoff.
Benefits on Termination. If this Agreement is terminated in accordance with Section 6.3 or Section 6.4, the benefits provided to the Executive pursuant to Section 4.2 shall continue for the amount of months of Base Salary the Executive is entitled to following the termination of this Agreement pursuant to this Part or until the Executive commences alternative employment, whichever occurs first.
Benefits on Termination. On termination of this Agreement pursuant to Section 7, all profit-sharing, deferred compensation and other retirement benefits payable to the Employee under benefit plans in which the Employee then participated shall be paid to the Employee in accordance with the provisions of the respective plans. Except as otherwise provided in Sections 7(b), 7(c), 7(d), and 9, if the Employee's employment by the Company is terminated before all of the Employee's options, warrants and rights with respect to the Company's capital stock have vested, the Employee shall forfeit any such options, warrants and rights that are unvested as of the termination date.
Benefits on Termination. If an employee is discharged or resigns, the employee shall be paid in full all monies owing within seven (7) days.
Benefits on Termination. Employees whose employment relationship with the County ends, for the following reason may receive pay for all accumulated PTO hours (excluding banked hours):
(1) The employee retires in accordance with the retirement plan currently in effect (100%).
(2) In the event of the death of an employee, PTO shall be paid to the employee's estate (100%).
(3) If the employee is laid off and requests payment of PTO. However, such PTO pay shall be designated to the period of layoff (100%).
(4) The employee resigns from employment and a minimum of fourteen (14) days advance notice is given to the department head. (50%)
Benefits on Termination. Any employee entitled to vacation leave who terminates service from the Department shall receive earned vacation pay upon leaving.
Benefits on Termination. Subject to the provisions of Section 9.02 below, a Member who terminates employment with the University otherwise than by death or retirement, may make the following elections with respect to benefits arising from the following classes of contributions:
Benefits on Termination. In the event that Employer terminates your employment without Cause, or that you terminate your employment for Good Reason, or that you terminate your employment within thirty (30) days from an event of Change of Control, all outstanding and unvested options shall vest immediately and will remain valid and outstanding for a period of one (1) year from the date of any such termination.
