BENEFITS TO THE EMPLOYEE Sample Clauses

BENEFITS TO THE EMPLOYEE. The Company shall, without any admission of liability whatsoever, provide the following benefits to the Employee:
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BENEFITS TO THE EMPLOYEE. The Company and the Employee agree that the Employee’s employment by the Company will end on July 9, 2013, or such earlier date as determined by the Company pursuant to Section 1(f). By re-executing this Agreement on or after the Separation Date, the Employee acknowledges that the Employee has been paid all wages earned and owed to the Employee up to and including the Separation Date, and has been paid for all accrued, unused vacation days and floating holidays.
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BENEFITS TO THE EMPLOYEE. (a) Upon the occurrence of a Change in Control during the Term, the Employer shall not take any actions or inactions which would otherwise give the Employee the right to terminate employment hereunder for Good Reason (as defined in Section 1(g) above). (b) If, during the Term, (A) a Change in Control shall occur and thereafter, either (i) the Employer terminates the Employee's employment for any reason other than a Discharge For Cause within the twenty-four (24) month period following the date of the Change in Control or (ii) the Employee terminates his employment with the Employer for Good Reason within the twenty-four (24) month period following the date of the Change in Control or (B) a Change in Control shall occur and if the Employee's employment with the Employer is terminated by the Employer for any reason other than a Discharge For Cause prior to the date on which the Change in Control occurs (in which case the Change in Control will be deemed to have occurred immediately prior to the date of such termination for purposes of this Agreement), and if it is reasonably demonstrated by the Employee that such termination of employment (1) was at the request of a third party that has taken steps reasonably calculated to effect a Change in Control or (2) otherwise arose in connection with or anticipation of a Change in Control, and in either case, PROVIDED that the Employee delivers to the Employer and does not rescind a waiver of claims substantially in the form attached as Exhibit A hereto, the Employer shall pay or provide to the Employee the following benefits: (i) No later than 10 days following the Date of Termination, Bonuses for the fiscal year in which termination occurs equal to the Employee's target Bonuses for such year (collectively, the "Target Annual Bonus") multiplied by a fraction, the numerator of which is the number of days the Employee was employed in the year of the Date of Termination and the denominator of which is 365. For purposes of this Agreement, "Target Annual Bonus" shall be no less than the Employee's last Target Annual Bonus prior to the Change in Control.
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BENEFITS TO THE EMPLOYEE. The Company will pay directly to the Adviser (as defined in Clause 7.2 below) the Employee’s legal costs up to a limit of £1000 (inclusive of disbursements) plus VAT subject to receiving from the Adviser: (a) written confirmation that such legal costs were incurred solely in advising the Employee regarding the termination of the Employee’s employment; and (b) a copy of an invoice in respect of such costs addressed to the Employee but marked payable by the Company.
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BENEFITS TO THE EMPLOYEE 
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Related to BENEFITS TO THE EMPLOYEE

  • Benefits to Executive Subject to and conditional upon Executive executing this Agreement and not revoking his acceptance hereof within the timeframes specified below, Company agrees to provide Executive with the following benefits:

  • Benefits; Vacation Employee shall be eligible to receive all benefits as are available to similarly situated employees of Employer generally, and any other benefits that Employer may, in its sole discretion, elect to grant to Employee from time to time. In addition, Employee shall be entitled to four (4) weeks paid vacation per year, which shall be pro-rated for the first partial year of employment and shall accrue in accordance with Employer’s policies applicable to similarly situated employees of Employer.

  • Compensation Benefits Etc During the Employment Period, the Manager shall be compensated as follows: (a) The Manager shall (i) receive an annual cash base salary, payable not less frequently than semi-monthly, which is not less than the annualized cash base salary payable to Manager as of the Effective Date; (ii) be entitled to at least as favorable annual incentive award opportunity under the Company's annual incentive compensation plan as he did in the calendar year immediately prior to the year in which the Change of Control Event occurs; and (iii) be eligible to participate in all of the Company's long-term incentive compensation plans and programs on terms that are at least as favorable to the Manager as provided to the Manager in the four calendar years prior to the Effective Date. (b) The Manager shall be entitled to receive fringe benefits, employee benefits, and perquisites (including, but not limited to, vacation, medical, disability, dental, and life insurance benefits) which are at least as favorable to those made generally available as of the Effective Date to all of the Company's salaried managers as a group. In addition, the Manager shall be eligible to participate in the Company's Supplemental Retirement Income Program ("SRIP"). (c) Notwithstanding any other provision of this Agreement (whether in this Section 4, in Section 6, or elsewhere), (i) the Board of Directors may authorize an increase in the amount, duration, and nature of and/or the acceleration of any compensation or benefits payable under this Agreement, as well as waive or reduce the requirements for entitlement thereto and (ii) the Company may deduct from amounts otherwise payable to the Manager such amounts as it reasonably believes it is required to withhold for the payment of federal, state, and local taxes.

  • Executive Benefits The Executive shall be entitled to participate in all benefit programs of the Company currently existing or hereafter made available to executives and/or other salaried employees, including, but not limited to, pension and other retirement plans, group life insurance, hospitalization, surgical and major medical coverage, sick leave, disability and salary continuation, vacation and holidays, cellular telephone and all related costs and expenses, long-term disability, and other fringe benefits.

  • Salary Benefits and Bonus Compensation 3.1 BASE SALARY. Effective July 1, 2000, as payment for the services to be rendered by the Employee as provided in Section 1 and subject to the terms and conditions of Section 2, the Employer agrees to pay to the Employee a "Base Salary" at the rate of $180,000 per annum, payable in equal bi-weekly installments. The Base Salary for each calendar year (or proration thereof) beginning January 1, 2001 shall be determined by the Board of Directors of Avocent Corporation upon a recommendation of the Compensation Committee of Avocent Corporation (the "Compensation Committee"), which shall authorize an increase in the Employee's Base Salary in an amount which, at a minimum, shall be equal to the cumulative cost-of-living increment on the Base Salary as reported in the "Consumer Price Index, Huntsville, Alabama, All Items," published by the U.S. Department of Labor (using July 1, 2000, as the base date for computation prorated for any partial year). The Employee's Base Salary shall be reviewed annually by the Board of Directors and the Compensation Committee of Avocent Corporation.

  • Termination Compensation Termination Compensation equal to two (2) times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash on the thirtieth (30th) business day after the later of (a) the Control Change Date and (b) the date of the Executive's employment termination; provided that if at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's employment termination.

  • Separation Compensation In exchange for your agreement to the general release and waiver of claims and covenant not to sue set forth below and your other promises herein, the Company agrees to provide you with the following:

  • Long-Term Incentive Compensation Subject to the Executive’s continued employment hereunder, the Executive shall be eligible to participate in any equity incentive plan for executives of the Firm as may be in effect from time to time, in accordance with the terms of any such plan.

  • Benefits - In General The Executive shall be permitted during the Term to participate in any group life, hospitalization or disability insurance plans, health programs, equity incentive plans, long-term incentive programs, 401(k) and other retirement plans, fringe benefit programs and similar benefits that may be available (currently or in the future) to other senior executives of the Company generally, in each case to the extent that the Executive is eligible under the terms of such plans or programs.

  • Group Benefits To determine if a leave under the provisions of the Family and Medical Leave Act will be a paid or unpaid leave, contact the District’s Human Resources Department.

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