Company’s Consideration. As full, sufficient and complete consideration for Employee's promises and releases contained herein, COMPANY will provide the following. Severance. COMPANY will pay Employee severance in the gross amount of $____________, equivalent to [XX weeks/months] of base salary. Payment will be made [in a lump sum][in installments on regular payroll dates]. All appropriate payroll deductions will be taken in accordance with federal and state law.
Company’s Consideration. As full, sufficient and complete consideration for Employee's promises and releases contained herein and conditioned upon Employee executing and not revoking the Second General Release Agreement attached hereto as Exhibit A, and following the Effective Date of this Separation Agreement, Company will provide the following, subject to all required taxes and deductions.
(a) Continuation of base salary payable on regular Company payroll during the Separation Period
(b) Subject in all cases to the terms of the applicable equity incentive plans under which they are issued, continuation of the vesting of your stock options to purchase shares of the Company’s common stock (“Options”) and restricted stock units (“RSUs”) in accordance with their terms during the Separation Period Subject to Employee’s timely enrollment in COBRA and subject to the terms of the plan(s), payment of premium for coverage for medical, dental and vision benefits under COBRA during the Separation Period, to the extent of Employee’s participation and on the terms and conditions, in effect immediately prior to the commencement of the Separation Period
(c) Subject to the terms of the plan, continued participation in 401K during the Separation Period
(d) Subject to the terms of the plan, Employee will be eligible for any 2008 Bonus Plan payout for the second half of the year, should the plan provide a payout in January 2009
(e) Executive career transition services through the Company’s preferred vendor. Specifics will be provided to you from HR No other consideration will be provided. During the Separation Period, Employee shall not receive any additional equity awards or be eligible to participate in any incentive compensation plan, including the 2009 Bonus Plan, if any.
Company’s Consideration. As full, sufficient and complete consideration for Employee’s promises and releases contained herein, and pursuant to the parties’ Separation Agreement, and following the Effective Date of this Second Release Agreement as defined below, Company will provide Employee the following consideration, subject to all required taxes and deductions.
(a) A sum equivalent to the PTO amount that Employee would have accrued had his active full-time employment continued for the Separation Period.
(b) If Employee terminates his employment with the Company before the conclusion of the Separation Period, Company will provide Employee with a payment in an amount equal to Employee’s base salary and the COBRA premiums for the remainder of the Separation Period.
Company’s Consideration. As full, sufficient and complete consideration for Employee’s promises and releases contained herein, Company will provide to Employee the consideration that Employee is owed by Company, if any, pursuant to that certain Employment Agreement dated as of January 24, 2007 by and between Employee and Company.
Company’s Consideration. 6.1 For MUNI's services, the Company pays the consideration stated in Schedule 6 to be invoiced on the stated payment dates.
6.2 If the approved Budget cannot be complied with and this is not due to XXXX's mistake or neglect, the Parties will jointly make a new assessment of the Task and the costs incidental to the com- pletion of the Task. The Company will then decide whether to complete the work at a higher price or discontinue the work as matters stand at that time. If the work is discontinued, the Company must pay the amounts stated until the date of termination to MUNI.
6.3 The time limit for the Company's payment is invoice month + 60 days.
6.4 On the basis of receipts, the Company reimburses agreed expenses of travels, materials and the like paid by XXXX in connection with the performance of the Task. The use of a private car is paid in accordance with the official rates of the Czech Republic Government.
6.5 In addition to payment for XXXX's services, the Company must contribute the Company's Back- ground Knowledge. The Company's Background Knowledge is to be used only for the solution of the Task.
Company’s Consideration. As full, sufficient and complete consideration for Executive’s promises and releases contained herein, the Company will provide the following.
Company’s Consideration. As full, sufficient and complete consideration for Employee's promises and releases contained herein and following the Effective Date of this Severance Agreement, Company will provide the following, subject to all required taxes and deductions.
(a) Severance in the gross amount of $350,000, equivalent to twelve (12) months of base salary, less required deductions, payable in a lump sum.
(b) Subject in all cases to the terms of the applicable equity incentive plans under which they are issued, continuation of the vesting of your stock options to purchase shares of the Company’s common stock (“Options”) and restricted stock units (“RSUs”) in accordance with their terms through the Termination Date.
(c) Subject to Employee’s timely enrollment in COBRA and subject to the terms of COBRA and the health plan(s), payment of premiums for coverage for medical, dental and vision benefits, to the extent of Employee’s participation and on the terms and conditions in effect immediately prior to the Termination date, through the earlier of March 31, 2010 or until Employee finds employment providing comparable health benefits.
(d) Continued PTO accrual through the Termination Date.
(e) Continued participation in 401K and FSA plans as applicable through the Termination Date, subject to the terms of the plan.
(f) Executive career transition services through the Company’s preferred vendor up to a maximum of $15,000.00 and 12 months of services. Specifics will be provided by HR. No other consideration will be provided. Expense Reimbursement. Employee acknowledges that he has submitted all expenses. The Company has reimbursed or will reimburse all necessary and reasonable expenses in the normal course per its expense reimbursement policy.
Company’s Consideration. Subject to Employee complying with all of Employee’s obligations under this Agreement, as full, sufficient and complete consideration for Employee’s promises and releases, the Company will perform the following:
Company’s Consideration. As full, sufficient and complete consideration for Xxxxxxx’x promises and releases contained herein, the Company provides the following:
