Common use of Conditions to Payment and Acceleration Clause in Contracts

Conditions to Payment and Acceleration. All payments due to the Executive under this Section VIII shall be made subject to the terms of this Agreement; provided, however, that such payments, shall be subject to, and contingent upon, the execution by the Executive (or the Executive’s beneficiary or estate), and the continued effectiveness, of a release of any and all claims against the Company and its affiliates substantially in the form attached to this Agreement as Exhibit A. The payments due to the Executive under this Section VIII shall be in lieu of any other severance benefits otherwise payable to the Executive under any severance plan of the Company or its affiliates and/or any other agreement or arrangement. Nothing herein shall be construed as limiting the Executive’s entitlement to any other vested accrued benefits to which the Executive (or the Executive’s estate if applicable) is then entitled under the Company’s applicable employee benefit plans, including, without limitation, any disability or death benefits which may become payable.

Appears in 2 contracts

Samples: Executive Employment Agreement (Jackson Hewitt Tax Service Inc), Executive Employment Agreement (Jackson Hewitt Tax Service Inc)

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Conditions to Payment and Acceleration. All payments due to the Executive under this Section VIII shall be made subject to the terms of this Agreementas soon as practicable; provided, however, that such payments, shall be subject to, and contingent upon, the execution by the Executive (or the Executive’s her beneficiary or estate), and the continued effectiveness, ) of a release of any and all claims against the Company WEX and its affiliates substantially in such reasonable form agreed to by WEX and the form attached to this Agreement as Exhibit A. Executive. The payments due to the Executive under this Section VIII shall be in lieu of any other severance benefits otherwise payable to the Executive under any severance plan of the Company WEX or its affiliates and/or any other agreement or arrangement. Nothing herein shall be construed as limiting the Executive’s entitlement to any other vested accrued benefits to which the Executive she (or the Executive’s her estate if applicable) is then entitled under the CompanyWEX’s applicable employee benefit plans, including, including without limitation, limitation any disability or death life insurance plan benefits which may become payable.

Appears in 2 contracts

Samples: Employment Agreement (Wright Express CORP), Employment Agreement (Wright Express CORP)

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Conditions to Payment and Acceleration. All payments due to the Executive under this Section VIII shall be made subject to the terms of this Agreementas soon as practicable; provided, however, that such payments, shall be subject to, and contingent upon, the execution by the Executive (or the Executive’s his beneficiary or estate), and the continued effectiveness, ) of a release of any and all claims against the Company WEX and its affiliates substantially in such reasonable form agreed to by WEX and the form attached to this Agreement as Exhibit A. Executive. The payments due to the Executive under this Section VIII shall be in lieu of any other severance benefits otherwise payable to the Executive under any severance plan of the Company WEX or its affiliates and/or any other agreement or arrangement. Nothing herein shall be construed as limiting the Executive’s entitlement to any other vested accrued benefits to which the Executive he (or the Executive’s his estate if applicable) is then entitled under the CompanyWEX’s applicable employee benefit plans, including, including without limitation, limitation any disability or death life insurance plan benefits which may become payable.

Appears in 2 contracts

Samples: Employment Agreement (Wright Express CORP), Employment Agreement (Wright Express CORP)

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