Employment Prior to Retirement Date Sample Clauses

Employment Prior to Retirement Date. PGI will continue to employ Xxxxx as CEO of PGI, and Xxxxx shall continue to perform all duties and responsibilities Xxxxx has been performing as CEO of PGI, through July 15, 2013 (or, if earlier, the date on which PGI’s new CEO commences employment). PGI will employ Xxxxx as an Employee from July 15, 2013 (or, if earlier, the date on which PGI’s new CEO commences employment) through the Retirement Date. With respect to compensation for Xxxxx’x services as an Employee of PGI, PGI shall pay to Xxxxx a base salary at the rate of $16,404 per week (the “Employee Base Salary”) beginning on the date Xxxxx commences employment as an Employee of PGI and ending on the Retirement Date. Such Employee Base Salary shall be payable in accordance with the normal payroll practices of PGI (which will include the withholding of applicable taxes). (b)
Sample 1
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Employment Prior to Retirement Date. Until the Retirement Date, Employee shall continue to be employed by the Company in the position of District Manager, and shall continue to receive base salary payments totaling $130,000.00 per month along with all current employment benefits. Any retroactive payment in connection with the adjustment of base salary shall be paid to Employee on or before December 20, 2013.
Sample 1
Employment Prior to Retirement Date. Until the Retirement Date, Employee shall continue to be employed by the Company in the position of Executive Vice President, and shall receive 110% of his current ($825,000 per year) base salary, adjusted retroactively to March 1, 2004, plus his current benefits. Any retroactive payment in connection with the adjustment of base salary provided in this Paragraph 3 shall be paid to Employee on or before June 18, 2004.
Sample 1

Related to Employment Prior to Retirement Date

  • Compensation Following Termination of Employment In the event that Executive's employment hereunder is terminated, Executive shall be entitled to the following compensation and benefits upon such termination:

  • Termination of Employment Following a Change in Control Notwithstanding the provisions of Section 6.3 hereof to the contrary, if the Employee’s employment by the Company is terminated by the Company in accordance with the terms of Section 4 of the Termination Agreement and the Employee is entitled to benefits provided in Section 5 of the Termination Agreement, the Company shall pay to the Employee, in a lump sum in cash within 30 days after the Date of Termination, the aggregate of the Employee’s Base Salary (as in effect on the Date of Termination) through the Date of Termination, if not theretofore paid, and, in the case of compensation previously deferred by the Employee, all amounts of such compensation previously deferred shall be paid in accordance with the plan documents governing such deferral. Except with respect to the obligations set for forth in the Termination Agreement, notwithstanding any provisions herein to the contrary, all other obligations of the Company and rights of the Employee hereunder shall terminate effective as of the Date of Termination.

  • Employment at Will Nothing in this Agreement or in the Plan shall confer upon Participant any right to continue in Service for any period of specific duration or interfere with or otherwise restrict in any way the rights of the Corporation (or any Parent or Subsidiary employing or retaining Participant) or of Participant, which rights are hereby expressly reserved by each, to terminate Participant’s Service at any time for any reason, with or without cause.

  • Termination of Employment; Change in Control (i) For purposes of the grant hereunder, any transfer of employment by the Optionee among the Corporation and the Subsidiaries shall not be considered a termination of employment. If the Optionee's employment with the Corporation is terminated for Cause (as defined in the last Section hereof), the Option, whether or not then vested, shall be automatically terminated as of the date of such termination of employment. If the Optionee's employment with the Corporation shall terminate other than by reason of Retirement (as defined in the last Section hereof), Disability (as defined in the last Section hereof), death or Cause, the Option (to the extent then vested) may be exercised at any time within ninety (90) days after such termination (but not beyond the Term of the Option). The Option, to the extent not then vested, shall immediately expire upon such termination. If the Optionee dies or becomes Disabled (A) while employed by the Corporation or (B) within 90 days after the termination of his or her employment other than for Cause or Retirement, the Option (to the extent then vested) may be exercised at any time within one year after the Optionee's death or Disability (but not beyond the Term of the Option). The Option, to the extent not then vested, shall immediately expire upon such death or disability. If the Optionee's employment terminates by reason of Retirement, the Option shall (A) become fully and immediately vested and exercisable and (B) remain exercisable for three years from the date of such Retirement (but not beyond the Term of the Option).

  • Qualifying Termination of Employment A “Qualifying Termination of Employment” shall mean a termination of Executive’s employment during the Protected Period either (a) by the Company other than for Cause or (b) by Executive for a Good Reason. The Executive’s death or Disability during the Protected Period shall not constitute a Qualifying Termination of Employment.

  • OBLIGATIONS SURVIVE TERMINATION OF EMPLOYMENT Executive agrees that any and all of Executive’s obligations under this Agreement, including but not limited to Exhibits B and C, shall survive the termination of employment and the termination of this Agreement.

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