Equity Extension Benefits Sample Clauses

Equity Extension Benefits. The exercise period for each stock option and stock appreciation right (“SAR”) that Executive shall have the right to exercise following the date of termination shall be extended to the earliest of the following dates: (i) the date that is one (1) year following the date of Executive’s termination of employment, (ii) the expiration of the term of such stock option or SAR and (iii) the tenth (10th) anniversary of the date of grant of such stock option or SAR. Following the date of Executive’s termination of employment, in the event that during the time period within which Executive is entitled to exercise vested stock options or SARs pursuant to the terms hereof (the “Equity Exercise Period”) and sell shares received, Executive shall be unable to effect sales transactions in company securities due to Company-wide restrictions on the sale of Company securities, or otherwise as the result of applicable securities laws (each, a “Black-Out Period”), then the Equity Exercise Period shall be extended by a number of calendar days equal to that of each and any Black-Out Period that may occur during the Equity Exercise Period (provided that in no event shall any such extension apply beyond the expiration of the term of each applicable stock option or SAR, or if earlier, the 10th anniversary of the date of grant of each applicable stock option or SAR). The Company shall deliver advance notice in writing to Executive of the imposition or existence of any Black-Out Period, including the date of the beginning and end thereof, if known, and in any event promptly provide written notice to Executive confirming the termination of any such Black-Out Period (the benefits provided in this Section 2(c) are referred to herein as the “Equity Extension Benefits”).
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Equity Extension Benefits. Executive shall receive the Equity Extension Benefits.
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Related to Equity Extension Benefits

  • Pension Benefits Each party reserves the right to retain as his or her sole and absolute separate property, the entire interest in pension benefits now vested, or that become vested in the future, and the right to manage, control, transfer, and convey all such property and dispose of the same by will, beneficiary designation or otherwise, without any interference from the other. The parties acknowledge that this Agreement shall constitute an effective waiver of any rights in the other's pension benefit plans. Furthermore, each party agrees to execute whatever additional waiver document may be necessary or useful to confirm such waiver of rights to the other party's pension benefit plans.

  • Termination Benefits (a) If Executive’s employment is voluntarily (in accordance with Section 2(a) of this Agreement) or involuntarily terminated within two (2) years of a Change in Control, Executive shall receive:

  • Welfare, Pension and Incentive Benefit Plans During the Employment Period, the Executive (and his eligible spouse and dependents) shall be entitled to participate in all the welfare benefit plans and programs maintained by the Company from time to time for the benefit of its senior executives including, without limitation, all medical, hospitalization, dental, disability, accidental death and dismemberment and travel accident insurance plans and programs. In addition, during the Employment Period, the Executive shall be eligible to participate in all pension, retirement, savings and other employee benefit plans and programs maintained from time to time by the Company for the benefit of its senior executives.

  • Other Termination Benefits In addition to any amounts or benefits payable upon a Termination of Employment hereunder, Executive shall, except as otherwise specifically provided herein, be entitled to any payments or benefits provided under the terms of any plan, policy or program of the Company in which Executive participates or as otherwise required by applicable law.

  • Post-Termination Benefits If the Executive's employment shall be terminated for any reason following a Change in Control and during the Term, the Company shall pay to the Executive the Executive's normal post-termination compensation and benefits as such payments become due. Such post-termination compensation and benefits shall be determined under, and paid in accordance with, the Company's retirement, insurance and other compensation or benefit plans, programs and arrangements as in effect immediately prior to the Date of Termination or, if more favorable to the Executive, as in effect immediately prior to the occurrence of the first event or circumstance constituting Good Reason.

  • Vacation; Benefits During the Term, the Executive shall be eligible for 20 vacation days annually, which shall be accrued and used in accordance with the applicable policies of the Company. During the Term, the Executive shall be eligible to participate in such medical, dental and life insurance, retirement and other plans as the Company may have or establish from time to time on terms and conditions applicable to other senior executives of the Company generally. The foregoing, however, shall not be construed to require the Company to establish any such plans or to prevent the modification or termination of such plans once established.

  • Compensation Benefits In accordance with Section 142 of the State Finance Law, this contract shall be void and of no force and effect unless the Contractor shall provide and maintain coverage during the life of this contract for the benefit of such employees as are required to be covered by the provisions of the Workers' Compensation Law.

  • Change in Control Benefits Agreement shall mean any separate agreement between Participant and the Corporation which provides Participant with special vesting acceleration and/or other special benefits with respect to one or more awards of restricted stock units made to Participant for shares of Common Stock, including (to the extent applicable) the restricted stock units evidenced by this Agreement, in the event of a change in control or ownership of the Corporation (whether or not constituting a Change in Control hereunder).

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