Common use of Departure Payments Clause in Contracts

Departure Payments. The Company will provide Executive with the following compensation, provided that Executive has timely executed and not revoked the Release (as defined in Section 7 of this Agreement) and provided further that Executive does not violate Section 6 of this Agreement: (a) The Company will pay Executive Three Hundred Thousand Dollars ($300,000) over a 12-month period commencing on the Departure Date in accordance with the payroll practices of the Company in effect from time to time, and less such taxes and other deductions required by applicable law or authorized by Executive; provided that any amounts that would have been payable hereunder prior to the time the Release becomes effective (without being revoked) will be accumulated and paid on the first payroll date following the date the Release becomes effective. (b) Executive will be eligible for a payment, if any, under the Global Leadership Team (GLT) incentive plan for 2014. (c) If Executive elects to exercise Executive’s rights to continue group medical and dental plan coverage for a limited period (commonly referred to as “COBRA rights”) within the statutorily prescribed time period commencing immediately following the Departure Date, and Executive pays an amount equal to an active employee’s share of the premium for such group medical and dental benefits, the Company will waive the remaining COBRA continuation premium for the eighteen (18) month period following the Departure Date. Notwithstanding the foregoing, if the group medical and dental plan coverage are fully-insured and, as a result of the Company’s subsidization of Executive’s COBRA premiums, the plans are considered discriminatory such that the Company would be subject to an excise tax, then in lieu of the foregoing, the Company shall pay Executive an amount equal to what would have been the Company’s subsidy amount had Executive continued COBRA coverage for the eighteen (18) month period. (d) On December 31, 2014, three thousand and sixty (3,060) of Executive’s non-vested performance shares that were previously granted to Executive and scheduled to vest on March 1, 2015 shall vest. (e) The Company shall pay (or promptly reimburse Executive) for up to $5,000 of legal or tax advisory services; provided that such services must be used by the first anniversary of the Departure Date. If Executive pays for such fees and then will be reimbursed, Executive must provide a copy of the invoice(s) for such fees to the Company no later than twelve (12) months after the date the services were performed. The Company shall deduct the withholding and employment taxes related to such payments from the payment or from any other amounts that the Company owes the Executive. (f) The Company shall permit Executive to purchase his Company-issued laptop, cell phone and iPad from the Company for a payment of $1.00 each. The Company shall deduct the withholding taxes related to the transfer of such property from other amounts that the Company owes the Executive. The Company shall have the right to copy the Executive’s laptop hard drive.

Departure Payments. The Company will provide the Executive with the following compensation, provided that the Executive has timely executed and not revoked the Release (as defined in Section 7 of this Agreement) and provided further that the Executive does not violate Section 6 of this Agreement: (a) The Company will pay the Executive Three Four Hundred Sixty-Eight Thousand Seven Hundred Fifty Dollars ($300,000468,750) over a 1215-month period commencing on the Departure Date in accordance with the payroll practices of the Company in effect from time to time, and less such taxes and other deductions required by applicable law or authorized by the Executive; provided that any amounts that would have been payable hereunder prior to the time the Release becomes effective (without being revoked) will be accumulated and paid on the first payroll date following the date the Release becomes effective. (b) The Executive will not be eligible for a payment, if any, under the Global Leadership Team (GLT) incentive plan Senior Management Bonus Plan for 20142013. (c) If the Executive elects to exercise Executive’s rights to continue group medical and dental plan coverage for a limited period (commonly referred to as “COBRA rights”) within the statutorily prescribed time period commencing immediately following the Departure Date, and the Executive pays an amount equal to an active employee’s share of the premium for such group medical and dental benefits, the Company will waive the remaining COBRA continuation premium for the eighteen fifteen (1815) month period following the Departure Date. Notwithstanding the foregoing, if the group medical and dental plan coverage are fully-insured and, as a result of the Company’s subsidization of the Executive’s COBRA premiums, the plans are considered discriminatory such that the Company would be subject to an excise tax, then in lieu of the foregoing, the Company shall pay the Executive an amount equal to what would have been the Company’s subsidy amount had the Executive continued COBRA coverage for the eighteen fifteen (1815) month period. (d) On December 31, 2014, three thousand and sixty (3,060) The Company will pay the Executive the value of all the Executive’s non-vested performance shares earned, but unused, vacation days through the Departure Date in accordance with Company policy; provided that were previously granted to Executive and scheduled to vest on March 1, 2015 shall vestany such payment will be made within 30 days following the Departure Date. (e) The Company shall pay (or promptly reimburse confirms that all the Executive’s shares of stock of the Company held in the Xxxxxx Global, Inc. 401(k) for up to $5,000 of legal or tax advisory services; provided that such services must be used by the first anniversary savings plan are fully vested as of the Departure Date. If Executive pays for such fees and then will be reimbursed, Executive must provide a copy All the Executive’s non-vested shares of restricted stock of the invoice(s) for such fees Company that were previously granted to the Company no later than twelve Executive with the exception of the May 14, 2013 grant, and which were scheduled to vest based on certain performance and service conditions, shall be fully vested as of the Departure Date. These consist of 48,155 shares, or: (i) The remaining 14,667 shares of the 2009 grant which vest on stock price achievement, with the $9/share and $12/share tranches still awaiting vesting. (ii) months after The remaining 22,182 shares of the date 2011 grant, the services performance conditions for which were performed. met in February 2012 and for which the final one-third would vest in February 2014. (iii) The Company shall deduct remaining 11,306 shares of the withholding 2012 grant, the performance conditions for which were met in March 2013 and employment taxes related to such payments from for which the payment or from any other amounts that the Company owes the Executivefinal two-thirds would vest over time. (f) The Company shall permit Executive pay for outplacement services, to purchase his Company-issued laptopbe provided by an outplacement firm chosen by the Executive, cell phone and iPad from for up to 12 months following the Departure Date; provided that the aggregate cost to the Company for a payment of $1.00 each. The Company shall deduct the withholding taxes related to the transfer of such property from other amounts services shall not exceed $20,000 and that the Company owes Executive provides reasonable documentation of the Executive. The Company shall have the right to copy the Executive’s laptop hard drivecosts of such outplacement services.

Departure Payments. The Company will provide Executive with the following compensation, provided that Executive has timely executed and not revoked the Release (as defined in Section 7 of this Agreement) and provided further that Executive does not violate Section 6 of this Agreement: (a) The Company will pay Executive Three Hundred Seventy-Five Thousand Dollars ($300,000USD$375,000) over in a 12-month period commencing lump sum payment, less applicable tax withholdings, on the Departure Date first day of the seventh (7th) month following the month in accordance which Executive’s employment with the payroll practices Company terminates, or May 1, 2016, and such lump sum payment shall be accompanied by a payment of interest calculated using the Company in effect annual rate of interest announced by the Federal Reserve Board (or any successor thereto) from time to timetime as the “federal funds rate”, and less such taxes and other deductions required by applicable law or authorized by Executive; provided that any amounts that would have been payable hereunder prior rate to the time the Release becomes effective (without being revoked) will be accumulated and paid determined on the first payroll date following the date the Release becomes effectiveof Executive’s termination of employment, compounded quarterly. (b) Executive will be eligible for a payment, if any, under the Global Leadership Team (GLT) incentive plan for 2014. (c) If Executive elects to exercise Executive’s rights to continue group medical and dental plan coverage for a limited period (commonly referred to as “COBRA rights”) within the statutorily prescribed time period commencing immediately following the Departure Date, and Executive pays an amount equal to an active employee’s share of the premium for such group medical and dental benefits, the Company will waive the remaining COBRA continuation premium for the eighteen twelve (1812) month period following the Departure Date. Notwithstanding the foregoing, if the group medical and dental plan coverage are fully-insured and, as a result of the Company’s subsidization of Executive’s COBRA premiums, the plans are considered discriminatory such that the Company would be subject to an excise tax, then in lieu of the foregoing, the Company shall pay Executive an amount equal to what would have been the Company’s subsidy amount had Executive continued COBRA coverage for the eighteen twelve (1812) month period. (d) On December 31, 2014, three thousand and sixty (3,060) of Executive’s non-vested performance shares that were previously granted to Executive and scheduled to vest on March 1, 2015 shall vest. (ec) The Company shall will pay (or promptly reimburse Executive) for up to $5,000 Fifteen Thousand United States Dollars (USD$15,000) in the aggregate, during the time period from the Departure Date to May 1, 2016, of fees and expenses of consultants and/or legal or tax advisory services; provided that such services must be used accounting advisors engaged by the first anniversary of Executive to advise the Departure Date. If Executive pays for such fees and then will be reimbursed, Executive must provide a copy of the invoice(s) for such fees as to matters relating to the Company no later than twelve (12computation of benefits due and payable under Section 3(a) months after the date the services were performed. The Company shall deduct the withholding and employment taxes related to such payments from the payment or from any other amounts that the Company owes the Executiveof this Agreement. (fd) Executive will not be eligible for the Senior Management Bonus Plan for 2015. (e) The Company shall permit Executive to purchase his Company-issued laptop, cell phone and iPad laptop from the Company for a payment of $1.00 eachUSD$1.00. The Company shall deduct the withholding taxes related to the transfer of such property from other amounts that the Company owes the Executive. The Company shall have the right to copy the Executive’s laptop hard drive. (f) Notwithstanding anything to the contrary in this Agreement, any payment obligation of the Company under this Agreement shall be deemed satisfied regardless of whether such payment was made by the Company or a subsidiary of the Company.

Departure Payments. The Company will provide the Executive with the following compensation, provided provided, in the case of paragraphs (b)-(f), that the Executive has timely executed and not revoked the Release (as defined in Section 7 6 of this Agreement) and provided further that the Executive does not violate Section 6 5 of this Agreement: (a) The Company will pay Executive Three Hundred Thousand Dollars ($300,000) over the Executive, in a 12-month period commencing on lump sum in cash within 30 days after the Departure Date, the Executive’s annual base salary earned through the Departure Date in accordance with to the payroll practices of the Company in effect from time to timeextent not theretofore paid, and less such applicable withholding taxes and other deductions required by applicable law or authorized by the Executive; provided that any amounts that would have been payable hereunder prior to the time the Release becomes effective (without being revoked) will be accumulated and paid on the first payroll date following the date the Release becomes effective. (b) The Company will pay the Executive One Hundred Twenty-Four Thousand Eight Hundred Dollars ($124,800) in a lump sum in cash, less applicable withholding taxes and other deductions required by applicable law or authorized by the Executive, representing 26 weeks of the Executive’s base salary as of the Departure Date, which amount will be eligible for a payment, if any, under paid to the Global Leadership Team Executive as soon as practicable (GLTbut no later than 74 days) incentive plan for 2014following the Departure Date. (c) The Company will pay the Executive a lump sum amount equal to Twenty Thousand Dollars ($20,000), less applicable withholding taxes and other deductions required by applicable law or authorized by the Executive, to enable the Executive to obtain executive-level outplacement services, the Company will pay this amount to the Executive as soon as practicable (but no later than 74 days) following the Departure Date. (d) If the Executive timely elects continuation coverage under the Company’s health, dental and vision plans pursuant to exercise the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA), the Company will pay to the insurance carrier for the Executive’s rights to continue group benefit the Company’s subsidy toward the cost of medical and dental plan coverage for similarly situated active executives enrolled in the same coverage in which the Executive was enrolled at the time of the Departure Date for a limited period not to exceed 6 months from the Departure Date. The total lump sum for six months would be $14,362.44 for medical, dental, vision for the plan Executive was enrolled in at the time of the Departure Date (commonly referred Employee plus Family). The Company’s payment of such subsidy will be treated as a taxable payment to the Executive. (e) Provided the Company determines in good faith that Executive has fulfilled all of the Executive’s transition duties, the Company shall pay to the Executive a lump sum cash amount equal to (i) the product obtained by multiplying (A) the full year annual bonus that the Executive would have earned had the Executive remained employed through the end of the fiscal year in which the Departure Date occurs, assuming target performance under the applicable performance targets has been met, by (B) a fraction, the numerator of which is the total number of days that have elapsed during the fiscal year through the Departure Date and the denominator of which is 365 less (ii) applicable withholding taxes and other and other deductions required by applicable law or authorized by the Executive. The amount, calculated to be $66,473 (gross), will be payable as soon as practicable (but no later than 74 days) following the Departure Date. (f) In lieu of and notwithstanding the default treatment set forth in the award agreements applicable to the service-based restricted stock unit awards granted to the Executive in 2020, 2021 and 2022 that remain unvested and outstanding as of the Departure Date (the “COBRA rightsRSUs”) within the statutorily prescribed time period commencing immediately following ), as set forth on Exhibit A, such RSUs shall accelerate and be deemed vested as of the Departure Date, and Executive pays an amount equal to an active employee’s share of the premium for such group medical and dental benefits, the Company will waive the remaining COBRA continuation premium for the eighteen (18) month period following the Departure Date. Notwithstanding the foregoing, if the group medical and dental plan coverage are fully-insured and, as a result of the Company’s subsidization of Executive’s COBRA premiums, the plans are considered discriminatory such that the Company would shall be subject to an excise tax, then settled in lieu of the foregoing, the Company shall pay Executive an amount equal to what would have been the Company’s subsidy amount had Executive continued COBRA coverage for the eighteen (18) month period. (d) On December 31, 2014, three thousand and sixty (3,060) of Executive’s non-vested performance shares that were previously granted to Executive and scheduled to vest on March 1, 2015 shall vest. (e) The Company shall pay (or promptly reimburse Executive) for up to $5,000 of legal or tax advisory services; provided that such services must be used by the first anniversary of the Departure Date. If Executive pays for such fees and then will be reimbursed, Executive must provide a copy of the invoice(s) for such fees to the Company no not later than twelve (12) months after the date the services were performed. The Company shall deduct the withholding and employment taxes related to such payments from the payment or from any other amounts that the Company owes the ExecutiveMarch 15, 2024. (f) The Company shall permit Executive to purchase his Company-issued laptop, cell phone and iPad from the Company for a payment of $1.00 each. The Company shall deduct the withholding taxes related to the transfer of such property from other amounts that the Company owes the Executive. The Company shall have the right to copy the Executive’s laptop hard drive.

Departure Payments. The Company will provide the Executive with the following compensation, provided that Executive has timely executed and not revoked compensation upon the Release (as defined in Section 7 of this Agreement) and provided further that Executive does not violate Section 6 of this Agreement:Departure Date. (a) The Company will pay the Executive Three (or his estate in the event of his death) Two Hundred Twenty-five Thousand Dollars ($300,000225,000) on an annualized basis over a 12-month period commencing on the Departure Date in accordance with the payroll practices of the Company in effect from time to time, and less such taxes and other deductions required by applicable law or authorized by the Executive; provided that any amounts that would have been payable hereunder prior to the time the Release becomes effective (without being revoked) will be accumulated and paid on the first payroll date following the date the Release becomes effective. (b) The Company will pay the Executive will be eligible (or his estate in the event of his death) Ninety Thousand Dollars ($90,000), less such taxes and other deductions required by applicable law or authorized by Executive, promptly following the expiration of the revocation period for a payment, if any, under the Global Leadership Team (GLT) incentive plan for 2014release required by Section 6. (c) The Executive will not be eligible for the Senior Management Bonus Plan for 2007. (d) If the Executive elects to exercise Executive’s his rights to continue group medical and dental plan coverage for a limited period (commonly referred to as “COBRA rights”) within the statutorily prescribed time period commencing immediately following the Departure Date, and the Executive pays an amount equal to an active employee’s share of the premium for such group medical and dental benefits, the Company will waive the remaining COBRA continuation premium for the eighteen twelve (1812) month period following the Departure Date. Notwithstanding the foregoing, if the group medical and dental plan coverage are fully-insured and, as a result . (e) Within five (5) business days of the Company’s subsidization expiration of the revocation period for the release required by Section 6, the Company will take the action necessary to cause the tranche of Executive’s COBRA premiums, the plans are considered discriminatory such that the Company would be subject to an excise tax, then in lieu of the foregoing, the Company shall pay Executive an amount equal to what would have been the Company’s subsidy amount had Executive continued COBRA coverage for the eighteen (18) month period. (d) On December 31, 2014, three thousand and sixty (3,060) of Executive’s non-vested performance shares nonvested stock options that were previously granted to the Executive on Company shares and scheduled to vest on March 1January 18, 2015 shall vest. (e) The Company shall pay (or promptly reimburse Executive) for up 2008, to $5,000 of legal or tax advisory services; provided that such services must be used by the first anniversary fully vested as of the Departure Date. If Executive pays for such fees Date and then will be reimbursed, Executive must provide a copy to cause all stock options listed on Attachment A to remain exercisable under the terms of the invoice(sCompany’s long term incentive plan for a period of eighteen (18) for months from the Departure Date, subject to earlier termination as provided in the following sentence. Notwithstanding the preceding sentence, with respect to any stock option that, by reason of the extension provided in this paragraph (e), would require such fees stock option to be treated as having had an additional deferral feature added to it and cause such stock option to be subject to Internal Revenue Code (“Code”) Section 409A requirements, such stock option shall expire on the Company last date allowed by Treasury Regulations issued pursuant to Code Section 409A that constitutes a short term deferral. It is understood that the proposed regulations issued pursuant to Code Section 409A permit the maximum additional exercise period to extend to a date no later than twelve the later of the fifteenth (1215th) months after day of the third (3rd) month following the date at which, or December 31 of the services were performed. The Company shall deduct calendar year in which, such stock options would otherwise have expired if such stock options had not been extended, based on the withholding and employment taxes related terms of the stock options prior to such payments from the payment or from any other amounts that the Company owes the Executiveextension. (f) The Company shall permit Executive to purchase his Company-issued laptop, cell phone and iPad from the Company for a payment of $1.00 each. The Company shall deduct the withholding taxes related to the transfer of such property from other amounts that the Company owes the Executive. The Company shall have the right to copy the Executive’s laptop hard drive.

Departure Payments. The Company will provide the Executive with the following compensation, provided that that the Executive has timely executed and has not revoked the Release this Agreement (as defined in Section 7 6 of this Agreement) ), has fulfilled all of the Executive’s transition duties through the Departure Date, and provided further that Executive does not violate Section 6 of has otherwise complied with his obligations under this Agreement: (a) The Company will pay Executive Three gross amount of Six Hundred Thirty Thousand Dollars and No Cents ($300,000) over a 12-month period commencing on the Departure Date in accordance with the payroll practices of the Company in effect from time to time630,000), and less such applicable withholding taxes and other deductions required by applicable law or authorized by the Executive; provided that any amounts that would have been payable hereunder prior , representing one- and one-half times the Executive’s last effective base salary, which amount will be paid to the time the Release becomes effective Executive as soon as practicable (without being revokedbut no later than 74 days) will be accumulated and paid on the first payroll date following the date the Release becomes effectiveDeparture Date. (b) The gross amount of Twenty Thousand Dollars and No Cents ($20,000), less applicable withholding taxes and other deductions required by applicable law or authorized by the Executive, to enable the Executive to obtain executive-level outplacement services, the Company will be eligible for a payment, if any, under pay this amount to the Global Leadership Team Executive as soon as practicable (GLTbut no later than 74 days) incentive plan for 2014following the Departure Date. (c) If Executive elects to exercise The gross amount of Three Hundred Eighteen Thousand Nine Hundred Seventy Dollars and No Cents ($318,970), less applicable withholding taxes and other deductions required by applicable law or authorized by the Executive, representing Executive’s rights pro-rated annual target bonus for 2023, which is calculated by multiplying (A) the full year annual bonus that the Executive would have earned had the Executive remained employed through the end of the fiscal year in which the Departure Date occurs, assuming target performance under the applicable performance targets has been met, by (B) a fraction, the numerator of which is the total number of days that have elapsed during the fiscal year through the Departure Date (231 days) and the denominator of which is 365. The Company will pay this amount to continue group medical Executive as soon as practicable (but no later than 74 days) following the Departure Date. (d) In lieu of and dental plan coverage for a limited period notwithstanding the default treatment set forth in the award agreements applicable to the service-based restricted stock unit awards granted to the Executive in 2021 and 2022 that remain unvested and outstanding as of the Departure Date (commonly referred to the “RSUs”), as “COBRA rights”) within the statutorily prescribed time period commencing immediately following set forth on Exhibit A, such RSUs shall accelerate and be deemed vested as of the Departure Date, and Executive pays an amount equal to an active employee’s share of the premium for such group medical and dental benefits, the Company will waive the remaining COBRA continuation premium for the eighteen (18) month period following the Departure Date. Notwithstanding the foregoing, if the group medical and dental plan coverage are fully-insured and, as a result of the Company’s subsidization of Executive’s COBRA premiums, the plans are considered discriminatory such that the Company would shall be subject to an excise tax, then settled in lieu of the foregoing, the Company shall pay Executive an amount equal to what would have been the Company’s subsidy amount had Executive continued COBRA coverage for the eighteen (18) month period. (d) On December 31, 2014, three thousand and sixty (3,060) of Executive’s non-vested performance shares that were previously granted to Executive and scheduled to vest on March 1, 2015 shall vest. (e) The Company shall pay (or promptly reimburse Executive) for up to $5,000 of legal or tax advisory services; provided that such services must be used by the first anniversary of the Departure Date. If Executive pays for such fees and then will be reimbursed, Executive must provide a copy of the invoice(s) for such fees to the Company no not later than twelve (12) months after the date the services were performed. The Company shall deduct the withholding and employment taxes related to such payments from the payment or from any other amounts that the Company owes the ExecutiveMarch 15, 2024. (f) The Company shall permit Executive to purchase his Company-issued laptop, cell phone and iPad from the Company for a payment of $1.00 each. The Company shall deduct the withholding taxes related to the transfer of such property from other amounts that the Company owes the Executive. The Company shall have the right to copy the Executive’s laptop hard drive.

Departure Payments. The Company will provide the Executive with the following compensation, provided that the Executive has timely executed and not revoked the Release (as defined in Section 7 6 of this Agreement) and provided further that the Executive does not violate Section 6 5 of this Agreement: (a) The Company will pay the Executive Three Two Hundred Twenty-Five Thousand Dollars ($300,000225,000) on an annualized basis over a 12-month period commencing on the Departure Date in accordance with the payroll practices of the Company in effect from time to time, and less such taxes and other deductions required by applicable law or authorized by the Executive; provided that any amounts that would have been payable hereunder prior to the time the Release becomes effective (without being revoked) will be accumulated and paid on the first payroll date following the date the Release becomes effective. (b) The Executive will be eligible to receive his 2011 cash bonus pursuant to the Senior Management Bonus Plan for a payment, if any, under the Global Leadership Team (GLT) incentive plan for 20142011. (c) The Executive will not be eligible for the Senior Management Bonus Plan for 2012. (d) If the Executive elects to exercise Executive’s his rights to continue group medical and dental plan coverage for a limited period (commonly referred to as “COBRA rights”) within the statutorily prescribed time period commencing immediately following the Departure Date, and the Executive pays an amount equal to an active employee’s share of the premium for such group medical and dental benefits, the Company will waive the remaining COBRA continuation premium for the eighteen twelve (1812) month period following the Departure Date. Notwithstanding the foregoing, if the group medical and dental plan coverage are fully-insured and, as a result of the Company’s subsidization of the Executive’s COBRA premiums, the plans are considered discriminatory such that the Company would be subject to an excise tax, then in lieu of the foregoing, the Company shall pay the Executive an amount equal to what would have been the Company’s subsidy amount had the Executive continued COBRA coverage for the eighteen twelve (1812) month period. (d) On December 31, 2014, three thousand and sixty (3,060) of Executive’s non-vested performance shares that were previously granted to Executive and scheduled to vest on March 1, 2015 shall vest. (e) The Company will pay the Executive the value for all the Executive’s earned, but unused, vacation days for 2011 and for 2012 through the Departure Date in accordance with Company policy. (f) All the Executive’s nonvested shares of restricted stock of the Company that were previously granted to the Executive, and which were scheduled to vest based on certain performance and service conditions, shall pay (or promptly reimburse Executive) for up to $5,000 of legal or tax advisory services; provided that such services must be used by the first anniversary fully vested as of the Departure Date. If Executive pays for such fees and then will be reimbursedThese consist of 29,374 shares, Executive must provide a copy or: (i) The remaining 9,334 shares of the invoice(s) for such fees to 2009 grant which vests on stock price achievement, with the Company no later than twelve ($9/share and $12) months after the date the services were performed. The Company shall deduct the withholding and employment taxes related to such payments from the payment or from any other amounts that the Company owes the Executive./share tranches still awaiting vesting (fii) The Company shall permit Executive to purchase his Companyremaining 8,040 shares of the 2010 grant, the performance condition for which was met in February 2011 and for which the final two-issued laptop, cell phone and iPad from thirds would vest over time (iii) The entire grant of 12,000 shares of the Company 2011 grant which would have been evaluated for a payment of $1.00 each. The Company shall deduct the withholding taxes related to the transfer of such property from other amounts that the Company owes the Executive. The Company shall have the right to copy the Executive’s laptop hard drive.vesting in February 2012