Effect of Termination Under Section 9(b) Sample Clauses

Effect of Termination Under Section 9(b). In the event this Agreement is terminated in accordance with Section 9(b) hereof, GTECH shall continue, for a period of eighteen (18) months following such termination, the benefits described in Sections 2, 4 and 6 of Appendix A, and shall continue the medical benefits described in Section 3 of Appendix A for the remainder of the Term, as if the Agreement had not been terminated, and shall continue such medical coverage for an additional period of eighteen (18) months after the expiration of the Term (the “Continued Medical Benefits”). Notwithstanding the foregoing, in the event of a termination on account of death or Disability, Executive and her Family shall continue to be covered under or entitled to any and all medical insurance or other medical benefits that the Executive was covered under or entitled to at the time of the Executive’s termination on account of death or Disability (or provided substantially equivalent benefits of coverage) at no additional expense for a period of ten years from the Executive’s termination on account of death or Disability (subject to the limitation that such benefits will cease in any event at the end of the month of the Executive’s 65th birthday). In addition, in the event that this Agreement is terminated in accordance with Section 9(b) hereof, (i) Executive shall become fully vested in all non-qualified retirement plans, and in all benefits accrued under all other employee benefit plan (other than qualified retirement plans), (ii) any Non-Performance Shares awarded but not yet issued and transferred to Executive pursuant to Sections 5(c) or 6(d) hereof on the date of her termination of employment shall be promptly issued and transferred to Executive irrespective of satisfaction of any employment requirements set forth in Sections 6(d) hereof, (iii) any Cash-Based Awards issued in substitution of awards of Non-Performance Shares that have not vested as of her date of termination of employment will become fully vested and (iv) Executive shall have eighteen (18) months from the date of the termination of her employment (or until their Expiration Dates, if sooner) to exercise any vested stock options then held by Executive. Additionally, to the extent Executive is not fully vested in all Company or GTECH qualified retirement plans, Executive shall receive a payment equal to any unvested portion of such retirement plans. Executive also shall be entitled, to the extent not inconsistent with this Agreement, to receive such...
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Related to Effect of Termination Under Section 9(b)

  • Effect of Termination Upon termination of this Agreement:

  • Effect of Termination for Cause If Employee's employment is terminated "For Cause":

  • Effect of Termination of Agreement The provisions of Section 4.00 will survive any termination of this Agreement and the existence of any claim or cause of action by the Executive against the Company or any Group Member, whether predicated on this Agreement or otherwise, will not constitute a defense to the enforcement by the Group, the Company or any other Group Member of the covenants and agreements of this Section 4.00; provided, however, that this Section 4.11 will not, in and of itself, preclude the Executive from defending against the enforceability of the covenants and agreements of Section 4.00.

  • Termination and Effect of Termination This Agreement shall terminate upon the date on which no Holder holds any Registrable Securities, except for the provisions of Sections 3.9 and 3.10, which shall survive any such termination. No termination under this Agreement shall relieve any Person of liability for breach or Registration Expenses incurred prior to termination. In the event this Agreement is terminated, each Person entitled to indemnification rights pursuant to Section 3.9 hereof shall retain such indemnification rights with respect to any matter that (i) may be an indemnified liability thereunder and (ii) occurred prior to such termination.

  • Effect of Termination and Abandonment Upon the termination of this Agreement and abandonment of the Merger pursuant to Section 8.1 or 8.2 hereof, this Agreement shall become void and have no effect, and no party shall have any liability to the other in connection with the transactions contemplated hereby, including the Merger, or as a result of the termination of this Agreement; provided, that the foregoing shall not relieve a party of any liability as a result of a breach of any of the terms of this Agreement.

  • Effect of Termination; Termination Fee (a) In the event of the termination and abandonment of this Agreement pursuant to Section 10.1, the Agreement shall terminate and have no effect, except as otherwise provided herein and except that the provisions of this Section 10.2, Section 10.5 and Article 11 of this Agreement shall survive any such termination and abandonment.

  • Termination Effect of Termination 44 9.1 TERMINATION................................................44 9.2

  • Effect of Termination; Survival In the event of any termination of this Agreement pursuant to Section 2.1, this Agreement shall be terminated, and there shall be no further liability or obligation hereunder on the part of any Party, other than Section 1.6, Section 1.9, this Section 2.2 and Article III, which provisions shall survive such termination; provided, however, that nothing contained in this Agreement (including this Section 2.2) shall relieve a Party from liability for any breach of any of its representations, warranties, covenants or agreements set forth in this Agreement to the extent occurring prior to such termination.

  • Survival of Terms Following Termination Upon termination of this Agreement, the following provisions of this Agreement shall survive:

  • Notice of Termination; Effect of Termination Any proper termination of this Agreement under Section 7.1 will be effective immediately upon the delivery of written notice of the terminating party to the other parties hereto. In the event of the termination of this Agreement as provided in Section 7.1, this Agreement shall be of no further force or effect, except (i) as set forth in this Section 7.2, Section 7.3 and Article 8, each of which shall survive the termination of this Agreement, and (ii) nothing herein shall relieve any party from liability for any willful breach of this Agreement. No termination of this Agreement shall affect the obligations of the parties contained in the Confidentiality Agreement, all of which obligations shall survive termination of this Agreement in accordance with their terms.

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