Effect on Compensation and Benefits Sample Clauses

Effect on Compensation and Benefits. This Severance Agreement shall not affect Employee’s rights to any other benefits provided by law, or rights under other agreements (such as equity agreements), or vested benefits under any retirement plan maintained by Company.
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Effect on Compensation and Benefits. In the event of termination for Due Cause, Company shall pay to Executive as severance compensation provided that Executive does not contest the termination in any respect after it becomes effective: (i) a lump sum payment equal to one year's Annual Base Salary under Section 3.1; and (ii) any rights and benefits Executive may have upon termination of Employment under employee benefit plans and programs of Company generally and under any Senior Management Incentive Plans of Company determined in accordance with the terms of such plans and programs. Termination of Executive's employment pursuant to this Section 5.2 shall not affect Executive's obligations and undertakings in the last sentence of Section 4.1 and in Section 4.2 hereof or under the Non-Disclosure Agreement executed pursuant to Section 4.3.
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Effect on Compensation and Benefits. In the event of termination for Due Cause, Company shall pay to Executive: (i) Annual Base Salary under Section 3.1 on a pro rata basis to the applicable Termination Date.
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Effect on Compensation and Benefits. In the event of the termination of Executive's employment by Company under Paragraph 5.2 above, Executive shall be entitled to receive only any unpaid amounts awarded to Executive under an Senior Management Incentive Plan under Section 3.2 and any rights and benefits Executive may have under employee benefit plans and programs of Company generally and under any incentive plan of Company determined in accordance with the terms of such plans and programs. In addition, upon such termination, and notwithstanding the terms of any employee benefit plans or programs to the contrary, Company shall continue to provide to Executive and his family at no cost to Executive full major medical, dental and disability benefits for the one year period commencing after the effective date of termination, which benefits shall be of the same nature as received by Executive immediately prior to his termination. Termination of Executive's employment pursuant to this Section 5.2 shall not affect Executive's obligations and undertakings in the last sentence of Section 4.1 and in Section 4.2 hereof or under the Non-Disclosure Agreement executed pursuant to Section 4.3.
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Effect on Compensation and Benefits. In the event of the termination of Executive's employment by Company under Section 5.2.1 above, Company will pay to Executive as "Liquidated Damages" by certified check or by wire transfer the following amounts in cash no less than five (5) business days after the effective date of such termination: (i) an amount equal to six (6) months' installments of Executive's Annual Base Salary payable under Section 4.2, and (ii) Executive will also be entitled to receive only any unpaid amounts awarded to Executive under a Senior Management Incentive Plan under Section 3.2 and any rights and benefits Executive may have under employee benefit plans in accordance with the terms of such plans and programs. In addition, upon such termination, and notwithstanding the terms of any employee benefit plans or programs to the contrary, Company will continue to provide to Executive and his family at no cost to Executive full major medical, dental and disability benefits for the one-year period commencing after the effective date of termination, which benefits will be of the same nature as received by Executive immediately prior to his termination. Termination of Executive's employment pursuant to Section 5.2.1 will not affect Executive's obligations and undertakings in the last sentence of Section 4.1 and in Section 4.2 hereof or under the Non-Disclosure Agreement executed pursuant to Section 4.3.
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Effect on Compensation and Benefits. In the event the termination of Executive's employment by the Company under Paragraph 5.2.1 above, Executive shall be entitled to receive only any unpaid amounts awarded to Executive under a Senior Management Incentive Plan under Section 3.2 and any rights and benefits Executive may have under employee benefit plans and programs of Company generally and under any incentive plan of Company determined in accordance with the terms of such plans and programs.
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Effect on Compensation and Benefits. In the event of the termination of Executive's employment by the Company under Paragraph 5.3.1 above, Company shall pay to Executive as "Liquidated Damages" by certified check or by wire transfer the following amounts in cash no less than five (5) business days after the effective date of such termination: (i) an amount equal to six (6) months' installments of Executive's Annual Base Salary payable under Section 4.2, and (ii) Executive shall also be entitled to receive only any unpaid amounts awarded to Executive under a Senior Management Incentive Plan under Section 3.2 and any rights and benefits Executive may have under employee benefit plans and programs of Company generally and under any incentive plan of Company determined in accordance with the terms of such plans and programs. In addition, upon such termination, and notwithstanding the terms of any employee benefit plans or programs to the contrary, the Company shall continue to provide to Executive and his family at no cost to Executive full major medical, dental and disability benefits for the one-year period commencing after the effective date of termination, which benefits shall be of the same nature as received by Executive immediately prior to his termination. Termination of Executive's employment pursuant to this Section 5.3 shall not affect Executive's obligations and undertakings in the last sentence of Section 4.1 and in Section 4.2 hereof or under the Non-Disclosure Agreement executed pursuant to Section 4.3. 5.4 Executive's Right of Termination on Company's Breach. Executive shall have the right upon no less than sixty (60) days prior written notice to terminate this Amended Agreement and his employment hereunder in the event of Company's breach of any material provision of this
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Related to Effect on Compensation and Benefits

  • Other Compensation and Benefits Except as may be provided under this Agreement,

  • Compensation and Benefits As compensation for all services performed by the Executive under and during the term hereof and subject to performance of the Executive’s duties and of the obligations of the Executive to the Company and its Affiliates, pursuant to this Agreement or otherwise:

  • Severance Compensation and Benefits Not in Derogation of Other Benefits Anything to the contrary herein contained notwithstanding, the payment or obligation to pay any monies, or granting of any benefits, rights or privileges to Executive as provided in this Agreement shall not be in lieu or derogation of the rights and privileges that the Executive now has or will have under any plans or programs of or agreements with the Company, except that if the Executive received any payment hereunder, the Executive shall not be entitled to any payment under the Company’s severance policy for officers and directors.

  • ADDITIONAL COMPENSATION AND BENEFITS The Executive shall receive the following additional compensation and welfare and fringe benefits:

  • Accrued Compensation and Benefits Notwithstanding anything to the contrary in Section 2 and 3 above, in connection with any termination of employment upon or following a Change in Control (whether or not a Qualifying Termination or CIC Qualifying Termination), the Company or its subsidiary shall pay Executive’s earned but unpaid base salary and other vested but unpaid cash entitlements for the period through and including the termination of employment, including unused earned vacation pay and unreimbursed documented business expenses incurred by Executive prior to the date of termination (collectively “Accrued Compensation and Expenses”), as required by law and the applicable Company or its subsidiary, as applicable, plan or policy. In addition, Executive shall be entitled to any other vested benefits earned by Executive for the period through and including the termination date of Executive’s employment under any other employee benefit plans and arrangements maintained by the Company or its subsidiary, as applicable, in accordance with the terms of such plans and arrangements, except as modified herein (collectively “Accrued Benefits”). Any Accrued Compensation and Expenses to which the Executive is entitled shall be paid to the Executive in cash as soon as administratively practicable after the termination, and, in any event, no later than two and one-half (2-1/2) months after the end of the taxable year of the Executive in which the termination occurs or at such earlier time as may be required by applicable law or Section 10 below, and to such lesser extent as may be mandated by Section 9 below. Any Accrued Benefits to which the Executive is entitled shall be paid to the Executive as provided in the relevant plans and arrangements.

  • Compensation and Benefits Upon Termination (a) If Executive’s employment is terminated by reason of death or Disability, the Company shall pay Executive’s Base Salary, at the rate then in effect, in accordance with the payroll policies of the Company, through the date of such termination (in the event of Executive’s death, the payments will be made to Executive’s beneficiaries or legal representatives) and Executive shall not be entitled to any further Base Salary or any applicable bonus, benefits or other compensation for that year or any future year, except as may be provided in Sections 5(d) or (e) below or an applicable benefit plan or program, or to any severance compensation of any kind, nature or amount.

  • 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.

  • 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:

  • Exclusivity of Salary and Benefits The Executive shall not be entitled to any payments or benefits other than those provided under this Agreement.

  • Compensation and Benefit Plans During the period from the date of this Agreement and continuing until the Effective Time, (i) each of Park and First-Knox xxxees as to itself and its Subsidiaries that it will not, without the prior written consent of the other party, enter into, adopt, amend (except for (A) such amendments as may be required by law and (B) plan documents and restatements currently being prepared by First-Knox xxxch do not increase benefits) or terminate any Park Benefit Plan or First-Knox Xxxefit Plan, as the case may be, or any other employee benefit plan or any agreement, arrangement, plan or policy between such party and one or more of its directors or officers, (ii) First-Knox xxxees as to itself and its Subsidiaries that it will not, without, the prior written consent of Park, (A) increase in any manner the compensation or fringe benefits of any director, officer or employee or pay any benefit not required by any plan and arrangement as in effect as of the date hereof (including, without limitation, the granting of stock options, stock appreciation rights, restricted stock, restricted stock units or performance units or shares), except for normal increases in the ordinary course of business consistent with past practice that, in the aggregate, do not result in a material increase in benefits or compensation expense to First-Knox, xx enter into any contract, agreement, commitment or arrangement to do any of the foregoing or (B) enter into or renew any contract, agreement, commitment or arrangement providing for the payment to any director, officer or employee of First-Knox xx compensation or benefits contingent, or the terms of which are materially altered, upon the occurrence of any of the transactions contemplated by this Agreement.

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