Contributions Upon Termination Of Employment Sample Clauses

Contributions Upon Termination Of Employment. Upon the termination -------------------------------------------- of Executive's Employment on or after the date first above written and prior to the close of business on December 31, 2005, the Company's Trust contribution obligations under Sections 2.01 and 2.02 also shall be subject to the provisions of the immediately following Paragraphs (a)-(d).
Sample 1
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Contributions Upon Termination Of Employment. In the event of the termination of employment of a Participant other than by the Company for Cause (as defined in Section 7.03 of the Participants' Employment Agreements with the Company), the Company shall contribute on account of such Participant an amount equal to 10% of the excess of the fair market value of the Malibu Property then owned by the Partnership over the sum of (i) the book value of the Company's investment in the Partnership as reflected on the balance sheet of the Company at the date of such termination and (ii) the investment, including costs and expenses, made or incurred by the Company or the Partnership after December 31, 1997, in connection with the development of the Malibu Property then owned by the Partnership (excluding such property's pro rata share of attorney's fees and expenses incurred in connection with the settlement of litigation relating to the Malibu Property). In the event of the termination of employment of a Participant voluntarily by the Participant, including upon the election by the Participant not to renew his Employment Agreement at the end of the Term or any Renewal Term as defined in such Employment Agreements, then notwithstanding any prior election made by the Participant, all amounts contributed on account of the Participant pursuant to this Section 2.01(b) shall be contributed in the form of Company Stock. Notwithstanding anything in the Plan to the contrary, contributions of deferrals under this Section 2.01(b) shall be made as soon as reasonably practical, and not later than thirty (30) days following the date of the Participant's termination. The fair market value of the Malibu Property then owned by the Partnership at any time shall be determined by an independent MAI-certified appraiser chosen by the Company and reasonably acceptable to the Participant and shall be based on the value of the Malibu Property to an arm's length purchaser as land with such permits as have then been obtained and such improvements as then exist.
Sample 1

Related to Contributions Upon Termination Of Employment

  • Payments Upon Termination of Employment (a) If Executive’s employment with the Company is terminated by reason of:

  • Benefits Upon Termination of Employment If the Executive is entitled to benefits pursuant to this Section 2, the Company agrees to pay or provide to the Executive as severance payment, the following:

  • Rights Upon Termination of Employment The terms which regulate the treatment of the International Participant's Restricted Stock Units upon termination of employment are set out in the Plan and in the Award Documents. In summary, upon the International Participant's termination of employment for any reason other than death, Disability or Retirement, any unvested Restricted Stock Units shall be forfeited and cancelled on the date of such termination of employment.

  • Compensation Upon Termination of Employment If the Executive’s employment hereunder is terminated, in accordance with the provisions of Article III hereof, and except for any other rights or benefits specifically provided for herein to be effective following the Executive’s period of employment, the Company will provide compensation and benefits to the Executive only as follows:

  • Compensation and Benefits Upon Termination of Employment (a) If the Company shall terminate the Executive's employment after a Change in Control other than pursuant to Section 3(b), 3(c) or 3(d) and Section 3(f), or if the Executive shall terminate his employment for Good Reason, then the Company shall pay to the Executive, as severance compensation and in consideration of the Executive's adherence to the terms of Section 5 hereof, the following:

  • Company Obligations Upon Termination of Employment During the Term of this Agreement, the Company shall have the following obligations upon the termination of the Executive’s employment with the Company as described in this Section 5:

  • Severance Compensation upon Termination of Employment If the Company shall terminate the Executive’s employment other than pursuant to Section 5(a), (b) or (c) or if the Executive shall terminate his employment for Good Reason, then the Company shall pay to the Executive as severance pay in a lump sum, in cash, on the fifth day following the Date of Termination, an amount equal to three (3) times the average of the aggregate annual compensation paid to the Executive during the three (3) fiscal years of the Company immediately preceding the Change of Control by the Company subject to United States income taxes (or, such fewer number of fiscal years if the Executive has not been employed by the Company during each of the preceding three (3) fiscal years).

  • Exercise After Termination of Employment (A) Except as otherwise provided in this Agreement, the OPTION shall be exercisable only while the OPTIONEE is in the employment of the COMPANY and then only if the OPTION has become exercisable by its terms, and if not exercisable by its terms at the time the OPTIONEE ceases to be in the employment of the COMPANY, shall immediately expire on the date of termination of employment.

  • Other Termination of Employment In the event of your voluntary termination (other than a Retirement subject to Section 2(c) or a Qualifying Termination subject to Section 2(f)), or termination by the Company or a subsidiary of the Company for misconduct or other conduct deemed by the Company to be detrimental to the interests of the Company or a subsidiary of the Company, you shall forfeit all unvested RSUs on the date of termination.

  • Obligations of the Company Upon Termination of Employment (a) Expiration of Term, By the Company for Cause or by Executive without Good Reason. If Executive's employment shall be terminated:

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