FRESH Benefits Sample Clauses

FRESH Benefits. Borrower shall cause Senior Borrower at all times to (i) fully and timely perform and comply in all material respects with all of its obligations under, and take all steps necessary to obtain and retain the benefits of, the FRESH Program for the Premises, (ii) once the FRESH Benefits have been obtained, cause the FRESH Benefits to remain in good standing and in full force and effect, (iii) not enter into or agree to any amendment, modification, termination or surrender of all or any portion of the FRESH Benefits without the prior written consent of Administrative Agent in each instance, (iv) promptly provide Administrative Agent with copies of all material notices given or received by Senior Borrower and/or Borrower to or from the City Planning Commission, the Department of City Planning and/or any other Governmental Authority or Local Authority having jurisdiction over or involvement with the FRESH Program, (v) use commercially reasonable efforts to obtain the FRESH Benefits for the Premises on the earliest possible date that Senior Borrower and/or Borrower is entitled to do so, and (vi) not cause or permit anything to be done which could or may cause the termination, reduction or delay of or adversely affect the FRESH Benefits or the eligibility of the Premises for the FRESH Benefits. Any regulatory agreement, restrictive declaration or other restriction or agreement affecting the Premises that is required to be executed in connection with the FRESH Benefits shall be subject to the review and reasonable approval of Administrative Agent. Once executed, Senior Borrower and/or Borrower shall comply in all material respects with the terms and conditions of any applicable regulatory agreement, restrictive declaration or other restriction or agreement affecting the Premises required by the FRESH Program.
Sample 1
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FRESH Benefits. Administrative Agent shall have received documentation, in form and substance satisfactory to Administrative Agent, evidencing that the Improvements, when constructed and leased to a qualifying retail food store, will qualify for the maximum FRESH Benefits permitted by law, in the form of an opinion of Xxxxxxxx’s FRESH Benefits counsel addressing such issues as Administrative Agent shall deem appropriate.
Sample 1

Related to FRESH Benefits

  • Health Benefits Provided that Executive elects continued coverage under federal COBRA law, the Company shall pay the premiums of Executive's group health insurance coverage, including coverage for Executive's eligible dependents, for a maximum period of eighteen (18) months following a Covered Termination; provided, however, that the Company shall pay premiums for Executive's eligible dependents only for coverage for which those eligible dependents were enrolled immediately prior to the Covered Termination. No premium payments will be made following the effective date of Executive's coverage by a health insurance plan of a subsequent employer. For the balance of the period that Executive is entitled to coverage under federal COBRA law, Executive shall be entitled to maintain such coverage at Executive's own expense.

  • Separation Benefits If this Agreement is terminated either by the Company without Cause in accordance with Section 6(c) (including the Company’s non-renewal of this Agreement) or by Employee resigning his employment for Good Reason in accordance with Section 6(d), the Company shall have no further obligation to Employee under this Agreement, except the Company shall provide the Accrued Obligations to Employee in accordance with Section 7(a) plus the following payments and benefits (collectively, the “Separation Benefits”) to Employee: (i) an amount equal to one times the sum of the Base Salary in effect immediately before the Termination Date plus the Annual Bonus received by Employee for the fiscal year preceding the Termination Date (or if Employee was employed for less than one full fiscal year prior to the Termination Date, the Annual Bonus for purposes of this Section 7 shall be the Annual Bonus payable during the current fiscal year at the target amount provided above) (together, the “Separation Pay”); and (ii) during the six-month period commencing on the Termination Date that Employee is eligible to elect and elects to continue coverage for himself and his eligible dependents under the Company’s group heath insurance plan pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”), or similar state law, the Company shall reimburse Employee on a monthly basis for the difference between the amount Employee pays to effect and continue such coverage under COBRA and the employee contribution amount that active employees of the Company pay for the same or similar coverage; provided, however, that Employee shall notify the Company in writing within five days after he becomes eligible after the Termination Date for group health insurance coverage, if any, through subsequent employment or otherwise and the Company shall have no further reimbursement obligation after Employee becomes eligible for group health insurance coverage due to subsequent employment or otherwise. The Separation Pay shall be paid to Employee in a lump sum within 60 days of the Termination Date; provided, however, that no Separation Pay shall be paid to Employee unless the Company receives, on or within 55 days after the Termination Date, an executed and fully effective copy of the Release (as defined below). Any COBRA reimbursements due under this Section shall be made by the last day of the month following the month in which the applicable premiums were paid by Employee. For the avoidance of doubt, Employee shall not be entitled to the Separation Benefits if this Agreement is terminated (i) due to Employee’s death; (ii) by the Company due to Employee’s Inability to Perform; (iii) by the Company for Cause; (iv) by Employee without Good Reason; or (v) by non-renewal by Employee in accordance with Sections 4(b) and 6(f).

  • Compensation Benefits In consideration of Executive's services hereunder, the Company shall provide Executive the following:

  • Plan Benefits (iii) Subject to your execution of the Release (as defined below), you will become vested in a pro rata portion of any of your unvested restricted stock awards that are outstanding on your Termination Date provided the applicable performance criteria, if any, are met. Such pro rata portion shall be equal to the percentage of the total vesting period, measured in days, in which you remained employed by Tyson multiplied by the number of shares subject to the award. Any award subject to this subsection (iii) shall not be paid until such time as it would otherwise have been paid if under the terms of the award it was subject to performance criteria and will only be paid if any applicable performance criteria are met;

  • Company Benefits The Officer shall be entitled to all benefits received by employees of the Company in accordance with the Company’s policies and plans.

  • General Benefits During the Term of Employment, the Executive shall be entitled to participate in such employee pension and welfare benefit plans and programs of the Company as are made available to the Company's senior-level executives or to its employees generally, as such plans or programs may be in effect from time to time, including, without limitation, health, medical, dental, long-term disability, travel accident and life insurance plans.

  • Group Benefits The Executive will participate in the Company's Group Benefit Plan and any other group perquisites all as in effect from time to time.

  • Standard Benefits During the Employment Period, Executive shall be entitled to participate in all employee benefit plans and programs, including paid vacations, generally available to other similarly situated Company executives, subject to the terms and conditions of the applicable plans.

  • 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.

  • Specific Benefits During the term of this Agreement (and thereafter to the extent this Agreement shall require):

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