Final Pay and Benefits. You acknowledge and agree that the Company has provided you with your final pay, less lawful deductions (the “Final Pay”) through the Separation Date, in a timely manner and in accordance with your state’s law. Whether or not you execute this Agreement, you will be entitled to, and are not releasing your rights to, any benefits required to be provided to you pursuant to any employee benefit plans in which you are a participant. You may also have rights to continue your group health coverage under the federal law commonly called “COBRA,” or a state law equivalent.
Final Pay and Benefits. The Employee shall receive the following payments and benefits in accordance with the existing policies of the Company, or at the sole discretion of the Company, pursuant to his employment with the Company and his participation in the employee benefit plans available to Company employees:
Final Pay and Benefits. In full accordance with Section 6(a) of the Employment Agreement, the Individual shall receive the following payments and benefits in accordance with the existing policies of the Company, or at the sole discretion of the Company, pursuant to his employment with the Company and his participation in its employee benefit plans:
Final Pay and Benefits. In accordance with California law, the Employee has received or will receive his final paycheck, any accrued but unused paid time off and any unreimbursed business expenses and allowances, through the Separation Date. All company- provided benefits and privileges shall terminate on the Separation Date and/or in accordance with the applicable benefit plan or program. In addition, the Employee will receive notice regarding the continuation of health insurance benefits pursuant to COBRA under separate cover, if applicable. The Employee acknowledges that all of the Employer’s obligations to the Employee as a result of the Employee’s employment with the Employer, including under the Employment Agreement and any change of control plan or agreement, have been fully satisfied, and that no additional wages, bonuses, equity, stock options, incentives, commissions, severance, change of control payments, paid time off, benefits, or compensation of any nature is due to the Employee except as set forth in Section 2 of this Agreement if the Employee timely signs, returns and does not revoke this Agreement.
Final Pay and Benefits. The Individual shall receive the following payments and benefits in accordance with the Company’s existing policies, or at the Company’s discretion, pursuant to his employment with the Company and his participation in the Company’s benefit plans:
(a) Payment of his regular base salary through the Resignation Date. This amount is a gross amount, subject to applicable deductions and withholdings, and shall be paid to the Individual on or before the Company’s first regularly scheduled payday after the Resignation Date.
(b) Payment or other entitlement, in accordance with the terms of the applicable plan or other benefit, of any benefits to which he had a vested entitlement as of the Resignation Date under the terms of employee benefit plans established by the Company.
(c) Based on the Individual’s participation in the Toreador Resources Corporation 2005 Long-Term Incentive Plan (the “Long-Term Incentive Plan”), the Individual received options to purchase Company stock awarded pursuant to his Nonqualified Stock Option Agreement dated May 15, 2008 and his Incentive Stock Option Agreement dated May 15, 2008, which are both reflected on the summary attached as Exhibit A to this Agreement (the “Option Award Agreements”). By signing this Agreement, the Company represents and warrants that the Individual has no options to purchase Company stock other than as described on Exhibit A. All options to purchase Company stock awarded to the Individual have not vested prior to the Resignation Date and are terminated.
Final Pay and Benefits. Regardless of whether the Individual accepts this Agreement, he shall receive the following payments and benefits in accordance with the Company’s existing policies, or at the Company’s sole discretion, pursuant to his employment with the Company and his participation in the Company’s benefit plans:
Final Pay and Benefits. Individual acknowledges he has received the following payments in accordance with the ending of his employment with the Company:
Final Pay and Benefits. Upon Employee’s Separation from Service on the Retirement Date, Employee shall receive all Accrued Obligations in accordance with Paragraph 4(a) of the Severance Agreement. In addition, in consideration of Employee’s contributions to the Company during his employment and his decision to delay his retirement until the Retirement Date, any outstanding stock options, restricted stock awards or other equity-based compensation that have not fully vested on the Retirement Date (the “Unvested Awards”) shall continue to vest according to the vesting schedule originally set forth in the applicable award agreements covering the Unvested Awards (“Post-Retirement Vesting”). The Company and Employee hereby agree to effectuate the Employee’s Post-Retirement Vesting of Employee’s Unvested Awards by execution and delivery of amendments to Employee’s award agreements covering the Unvested Awards in the forms of Annexes A, B and C.
Final Pay and Benefits. You agree that you have received all compensation (including but not limited to bonus payments and vacation payments) and benefits (including but not limited to non-monetary benefits such as leave time) to which you are entitled in connection with your employment through your Separation Date. You agree to make no claims for further compensation from the Company of any type, including bonus payments, commission payments, and vacation pay. You agree that the Company has satisfied (or will satisfy upon making the payments set forth herein) in full any and all contractual obligations it may have to you, including but not limited to any such obligations set forth in your Employment Agreement dated October 4, 2018 (the “Employment Agreement”).
Final Pay and Benefits. Regardless of whether you sign and return this Agreement, you will receive the final pay and benefits set forth in this Section 1 as follows:
