COMPENSATION AFTER CERTAIN TERMINATIONS Sample Clauses

COMPENSATION AFTER CERTAIN TERMINATIONS. If the Employee's employment with the Company is terminated (whether such termination is by the Employee or by the Company) at any time on or within three years after the Triggering Date for any reason other than (a) termination by the Company for Cause, (b) the Employee having reached the age of 65, or (c) the Employee's death, then, within five days after the date of such termination, the Company shall pay the Employee a lump sum amount in cash equal to 2.99 times the Employee's annualized includable compensation (within the meaning of Section 280G(d)(1) of the Internal Revenue Code of 1986, as amended) from the Company during the period consisting of the five full taxable years of the Employee ending immediately prior to the year in which the Triggering Date occurred (or such portion of such period during which the Employee was an employee of the Company).
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COMPENSATION AFTER CERTAIN TERMINATIONS. If the Executive’s employment with the Company is terminated by the Company without Cause or by the Executive for Good Reason at any time on or within two years after the Triggering Date, unless termination is a result of (a) the Executive having reached the age of 65, or (b) the Executive’s death, then, within five days after the date of such termination, the Company shall pay the Executive a lump sum amount in cash equal to two (2) times the sum of the (x) Executive’s Annual Base Salary and (y)
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COMPENSATION AFTER CERTAIN TERMINATIONS. If the Employee's employment with the Company is terminated (whether such termination is by the Employee or by the Company) at any time during the term of this Agreement for any reason other than (a) termination by the Company for Cause in accordance with Subsection 9(a); (b) termination by the Company in accordance with Section 7; (c) the Employee's death; or (d) termination at the election of the Employee pursuant to Subsection 9(b); then, within five days after the date of such termination, (i) the Remaining Base Compensation (as herein defined) which would have been paid to the Employee during the remainder of the term of this Agreement if termination had not occurred shall become due and payable and shall be paid to the Employee in a single lump sum in cash, and (ii) all stock options granted to Employee pursuant to Subsection 4(d) hereof which are not then exercisable shall, notwithstanding the provisions of any other agreement, become immediately exercisable
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COMPENSATION AFTER CERTAIN TERMINATIONS. If the Executive's employment with the Company is terminated (whether such termination is by the Executive or by the Company) at any time on or within three years after the Triggering Date for any reason other than (a) termination by the Company for Cause, (b) the Executive having reached the age of 65, or (c) the Executive's death, then, within five days after the date of such termination, the Company shall pay the Executive a lump sum amount in cash equal to one times the Executive's annualized includable compensation (within the meaning of Section 280G(d)(1) of the Internal Revenue Code of 1986, as amended) from the Company during the period consisting of the five full taxable years of the Executive ending immediately prior to the year in which the Triggering Date occurred (or such portion of such period during which the Executive was an Executive of the Company). In addition all stock options or restricted stock awarded to the Executive by the Company shall become 100% vested and exercisable, and shall remain exercisable for a period of twelve (12) months after the Executive's date of termination.
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COMPENSATION AFTER CERTAIN TERMINATIONS. If the Employee's employment with the Company is terminated at any time for any reason during the term of this Agreement other than (a) termination by the Company for Cause in accordance with Subsection 9(a) or (b) termination at the election of the Employee pursuant to Subsection 9(b), then, (i) within five days after the date of such termination, the Remaining Compensation (as herein defined) shall become due and payable and shall be paid to the Employee in a single lump sum in cash, and (ii) except for a termination of this Agreement caused by the Employee's death and subject to the last sentence of this Section 10, thirty-three thousand three hundred thirty three (33,333) shares of Common Stock covered by the Stock Option described in subsection 4(e), that are not then exercisable by the Employee shall, notwithstanding the provisions of any other agreement, become immediately exercisable at the close of business on such date of termination and remain exercisable until they are exercised or otherwise would expire in accordance with the terms of the Stock Option Agreement. For purposes of this Section 10, the "
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COMPENSATION AFTER CERTAIN TERMINATIONS. If the Employee's employment with the Company is terminated (whether such termination is by the Employee or by the Company) at any time during the term of this Agreement for any reason other than (a) termination by the Company for Cause in accordance with Subsection 9 (a); (b) termination by the Company in accordance with Section 7; (c) the Employee's death; or (d) termination at the election of the Employee pursuant to Subsection 9 (b) then, within five days after the date of such termination, (i) the Remaining Base Compensation (as herein defined) which would have been paid to the Employee during the remainder of the term of this Agreement if termination had not occurred shall become due and payable and shall be paid to the Employee
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COMPENSATION AFTER CERTAIN TERMINATIONS. If the Employee's employment with the Company under this Agreement is terminated (whether such termination is by the Employee or by the Company) at any time for any reason whatsoever other than (a) termination by the Company for Cause, or (b) the Employee's death, or (c) termination at the election of the Employee without Good Reason, then the Company shall pay the Employee his full annual salary through February 28, 1999.
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COMPENSATION AFTER CERTAIN TERMINATIONS 
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Related to COMPENSATION AFTER CERTAIN TERMINATIONS

  • Certain Termination Benefits Unless otherwise specifically provided in this Agreement or otherwise required by law, all compensation and benefits payable to Executive under this Agreement shall terminate on the date of termination of Executive’s employment under this Agreement. Notwithstanding the foregoing, in the event of termination of Executive’s employment with the Company pursuant to Section 5(c) or Section 5(d) above, the Company shall provide to Executive the following termination benefits (“Termination Benefits”):

  • Death After Termination of Employment But Before Benefit Payments Commence If the Executive is entitled to benefit payments under this Agreement, but dies prior to the commencement of said benefit payments, the Company shall pay the benefit payments to the Executive's beneficiary that the Executive was entitled to prior to death except that the benefit payments shall commence on the first day of the month following the date of the Executive's death.

  • Certain Terminations The termination of any Proceeding or of any claim, issue, or matter therein by judgment, order, settlement, or conviction, or upon a plea of nolo contendere or its equivalent, shall not (except as otherwise expressly provided in this Agreement) of itself create a presumption that Indemnitee did not act in good faith and in a manner which Indemnitee reasonably believed to be in or not opposed to the best interests of the Company or, with respect to any criminal action or Proceeding, that Indemnitee had reasonable cause to believe that Indemnitee’s conduct was unlawful.

  • Certain Terminations of Employment (a) In the event of the termination of your Employment (determined as described in Section 1.2.20 of the Plan) for any reason, all terms and conditions of this Award Agreement shall continue to apply.

  • Compensation After Termination (i) If the Employment Period is terminated pursuant to Executive’s resignation without Good Reason, death or Incapacity, Executive shall only be entitled to receive his/her Base Salary through the date of termination and shall not be entitled to any other salary, bonus, compensation or benefits from the Company or its Subsidiaries, except as may be required by applicable law.

  • Compensation on Termination (a) If the term of Executive’s employment hereunder is terminated pursuant to Section 4.01 hereof, Company shall pay to the executors or administrators of Executive’s estate or Executive’s heirs or legatees (as the case may be) all compensation accrued and unpaid up to the date of Executive’s death.

  • Termination After a Change in Control You will receive Severance Benefits under this Agreement if, during the Term of this Agreement and after a Change in Control has occurred, your employment is terminated by the Company without Cause (other than on account of your Disability or death) or you resign for Good Reason.

  • Death After Separation from Service But Before Benefit Distributions Commence If the Executive is entitled to benefit distributions under this Agreement, but dies prior to the commencement of said benefit distributions, the Bank shall distribute to the Beneficiary the same benefits that the Executive was entitled to prior to death except that the benefit distributions shall commence within thirty (30) days following receipt by the Bank of the Executive’s death certificate.

  • Severance Compensation upon Termination Subject to the provisions of Section 10 hereof, in the event of the Employee’s Termination upon a Change of Control, the Company shall pay to the Employee, within fifteen (15) days after the Termination Date (or as soon as possible thereafter in the event that the procedures set forth in paragraph (b) of Section 11 hereof cannot be completed within fifteen (15) days) an amount in cash equal to three (3) times the sum of the Employee’s Base Salary in effect either immediately prior to the Separation from Service or immediately prior to the Change of Control, whichever is higher.

  • Compensation Upon Termination Upon termination of Executive’s employment during the Employment Term, Executive shall be entitled to the following benefits:

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