Consideration Upon Termination Sample Clauses

Consideration Upon Termination. As of the Termination Date, Executive shall no longer be employed by the Company. In consideration of the Executive's performance of his obligations under this Agreement and in satisfaction of all claims and benefits under any employee benefit plans maintained by the Company, the Company shall pay Executive the amounts and provide Executive the benefits listed on Attachment A. Executive understands that, except for the benefits to which Executive may be entitled under the express terms of the Company's employee benefit plans and policies (in form and substance as in effect on the date this Agreement is signed, subject to any subsequent amendments applicable generally to all participants under such plans and policies), that certain warrant dated October 2, 1998 entitling Executive to purchase 4,735,369 shares of common stock of D and W Holdings, Inc., and amendments thereto (the "Executive Warrant"), that certain exchange warrant dated October 2, 1998 entitling Executive to purchase 1,000,000 shares of common stock of D and W Holdings, Inc., and amendments thereto (the "Exchange Warrant"), that certain Stockholders Agreement dated as of October 2, 1998, by and among D and W Holdings, Inc. and the stockholders signatory thereto (including Executive), and amendments thereto (the "Stockholders Agreement"), and the consideration listed on Attachment A and in this Agreement, Executive will receive no other wage, benefit, or other payments from the Company.
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Consideration Upon Termination. As of the Resignation Date, Executive shall ------------------------------ no longer be an employee or director of the Company. In consideration of the Executive's release in Paragraph 7 of this Agreement, the Company shall pay or cause to be paid to Executive the amounts and shall provide or cause to be provided to Executive the benefits listed on Part I of Attachment A (except for benefits under employee plans to which Executive is legally entitled). In consideration of the Executive's performance of his obligations under this Agreement, the Company shall pay or cause to be paid to Executive the amounts and shall provide or cause to be provided to Executive the benefits listed on Part II of Attachment A. Executive understands that, except for the benefits to which Executive may be entitled under the express terms of the Company's employee and executive benefit plans and policies, and the consideration listed on Attachment A and in this Agreement, Executive will receive no other wage, benefit, or other similar payments from the Company or any of its affiliates or United Parcel Service of America, Inc. ("UPS") or any of its affiliates (collectively with the Company and its affiliates referred to as the "Affiliated Entities").
Sample 1
Consideration Upon Termination. (i) Termination by the Company without Cause or by
Sample 1
Consideration Upon Termination. As of the Termination Date, Executive shall no longer be employed by the Company and its subsidiaries. In consideration of Executive's performance of his obligations under this Agreement and in satisfaction of all claims and benefits under any benefit plans maintained by the Company, after the expiration of the 7-day revocation period in Paragraph 14, provided Executive has not revoked the Agreement pursuant to Paragraph 14, the Company (or, at its option, Atrium Companies, Inc., which shall not relieve the Company of its obligations hereunder) shall provide Executive with the items listed (i) through (ix) below: (i) Executive's annual base salary earned or accrued through the Termination Date to the extent not heretofore paid, which amount is equal to $12,500; (ii) any compensation previously deferred by Executive including any accrued interest or earnings thereon, which amount is equal in total to $0; (iii) Executive's accrued vacation pay, which amount is equal to $0; (iv) any amount arising from Executive's participation in, or benefits under, any incentive, savings and retirement plans, practices, policies and programs applicable generally to other employees of the Company on the Termination Date ("Investment Plans") in accordance with the terms and conditions of such Investment Plans (including their provisions controlling the time and manner of benefit payments), which amount is currently equal to $0; (v) $1,170,000, divided into, and payable in, twenty-four consecutive monthly installments beginning on January 1, 2001 and ending December 1, 2002; (vi) Executive's incentive bonus earned in 2000 through the Termination Date calculated in accordance with the Employment Agreement referenced below, with payment to be made to Executive on or before March 30th of the calendar year immediately following the year with respect to which the calculation of the incentive bonus is made, provided that in no event shall this amount be paid prior to the completion of the applicable audited financial statements of the Company; (vii) any amount due to Executive for reimbursement of business expenses, which amount is equal to $0; (viii) payment of the premium relating to Executive's medical benefits in the amount of $1,200 per month for a period of 24 months commencing on January 1, 2001; and (ix) $100,000 for the repurchase and cancellation of all stock options that directly or indirectly give Executive the right to purchase shares of the Company's common stock. Exec...
Sample 1
Consideration Upon Termination 
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Related to Consideration Upon Termination

  • Action Upon Termination (a) From and after the effective date of termination of this Agreement, pursuant to Sections 13, 14, or 15 of this Agreement, the Manager shall not be entitled to compensation for further services under this Agreement, but shall be paid all compensation accruing to the date of termination and, if terminated pursuant to Section 13 or Section 15(b), the applicable Termination Fee. Upon such termination, the Manager shall forthwith:

  • Condition upon Termination Upon the termination of the -------------------------- Lease, Tenant shall surrender the Property to Landlord, broom clean and in the same condition as received except for ordinary wear and tear which Tenant was not otherwise obligated to remedy under any provision of this Lease. However, Tenant shall not be obligated to repair any damage which Landlord is required to repair under Article 7 (Damage or Destruction). In addition, Landlord may require Tenant to remove any alterations, additions or improvements (whether or not made with Landlord's consent) prior to the expiration of the Lease and to restore the Property to its prior condition, all at Tenant's expense. All alterations, additions and improvements which Landlord has not required Tenant to remove shall become Landlord's property and shall be surrendered to Landlord upon the expiration or earlier termination of the Lease, except that Tenant may remove any of Tenant's machinery or equipment which can be removed without material damage to the Property. Tenant shall repair, at Tenant's expense, any damage to the Property caused by the removal of any such machinery or equipment. In no event, however, shall Tenant remove any of the following materials or equipment (which shall be deemed Landlord's property) without Landlord's prior written consent: any power wiring or power panels; lighting or lighting fixtures; wall coverings; drapes, blinds or other window coverings; carpets or other floor coverings; heaters, air conditioners or any other heating or air conditioning equipment; fencing or security gates; or other similar building operating equipment and decorations except to the extent installed by Tenant.

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

  • Resignation upon Termination Effective as of any Date of Termination under this Section 7 or otherwise as of the date of Executive's termination of employment with the Company, Executive shall resign, in writing, from all Board memberships and other positions then held by him with the Company and its Affiliates.

  • Payment Upon Termination Termination of this Agreement shall not affect the right of the Adviser to receive payment on any unpaid balance of the compensation described in Section 2 earned prior to such termination.

  • Termination Upon a Change in Control If Executive’s employment is subject to a Termination within a Covered Period, then, in addition to Minimum Benefits, the Company shall provide Executive the following benefits:

  • Benefits Upon Termination If the Executive’s employment by the Company is terminated during the Period of Employment for any reason by the Company or by the Executive, or upon or following the expiration of the Period of Employment (in any case, the date that the Executive’s employment by the Company terminates is referred to as the “Severance Date”), the Company shall have no further obligation to make or provide to the Executive, and the Executive shall have no further right to receive or obtain from the Company, any payments or benefits except as follows:

  • Upon Termination Except as otherwise stated in Section 6, in the event Executive leaves the employ of the Company for any reason prior to the date the Annual Bonus is paid, Executive is not eligible to earn such Annual Bonus, prorated or otherwise.

  • 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.

  • Termination Upon Change in Control (1) For the purposes of this Agreement, a “Change in Control” shall mean any of the following events that occurs following the Effective Date:

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