Future Payments and Benefits Sample Clauses

Future Payments and Benefits. A. Consistent with Section 2.05 of the Employment Agreement, RI will pay Separating Employee his Base Salary from the date of the termination of his employment through October 7, 2007. This sum will be paid to Separating Employee by payment of a lump sum of $157,039.75 on May 5, 2006 and payment of $11,807.54 on normal Respironics bi-weekly paydays, beginning on May 19, 2006. These payments represent separation pay, and any unused vacation. RI will withhold appropriate federal and state income taxes from these payments. RI will not withhold any amounts for any other benefit or program, except as expressly provided herein.
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Future Payments and Benefits. I agree and understand that Capmark does not have and will not have any obligation to provide me at any time in the future with any payment or benefit other than those set forth in paragraph 2, including any bonus or commission payment, except for any benefit under the Capmark Financial Group Inc. Savings Incentive Plan and under the Consolidated Omnibus Budget Reconciliation Act (COBRA). The common stock and stock options that I hold shall remain subject to the terms and conditions of the 2006 Equity Plan for Key Employees of Capmark Financial Group Inc. and its Affiliates, the Amended and Restated Management Stockholder’s Agreement, the Sale Participation Agreement and the Stock Option Agreement. For purposes of my Amended and Restated Management Stockholder’s Agreement, the company will treat the termination of my employment as a termination by the Company without “Cause” as described in Section 6(b). I also retain my rights to reimbursement of business expenses eligible for reimbursement under Capmark policies.
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Future Payments and Benefits. A. RI will pay Separating Employee (or his estate in the event Separating Employee passes away) an amount equal to $514,388.99. This amount will be paid out over a one-hundred and eleven (111) week period in fifty-five (55) payments of $9,268.27, paid bi- weekly, and one payment of $4,634.14. These payments represent separation pay, and RI will withhold appropriate federal, state, and local income taxes from these payments. RI will not withhold any amounts for any other benefit or program, except as expressly provided herein.
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Future Payments and Benefits 
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Related to Future Payments and Benefits

  • Additional Payments and Benefits The Executive shall also be entitled to:

  • Other Payments and Benefits On any termination of employment, including, without limitation, termination due to the Employee’s death or Disability (as defined in Section 10) or for Cause, the Employee shall receive any accrued but unpaid salary, reimbursement of any business or other expenses incurred prior to termination of employment but for which the Employee had not received reimbursement, and any other rights, compensation and/or benefits as may be due the Employee in accordance with the terms and provisions of any agreements, plans or programs of the Company (but in no event shall the Employee be entitled to duplicative rights, compensation and/or benefits).

  • Severance Payments and Benefits For purposes of this Agreement, the term "Severance Payments and Benefits" shall mean:

  • Payments and Benefits Subject to the terms and conditions of this Agreement, if the Executive’s employment is terminated during the Term of this Agreement and before a Change in Control (A) by the Company for a reason other than for Cause or (B) by the Executive for Good Reason, the Executive shall be entitled to:

  • Separation Payments and Benefits Without admission of any liability, fact or claim, the Company hereby agrees, subject to Executive’s timely execution and non-revocation hereof and Executive’s compliance with Executive’s obligations pursuant to this Agreement and the Surviving Provisions, to provide Executive the severance payments and benefits set forth below:

  • Termination Payments and Benefits Regardless of the circumstances of the Executive’s termination, Executive shall be entitled to payment when due of any earned and unpaid base salary, expense reimbursements and vacation days accrued prior to the termination of Executive’s employment, and other unpaid vested amounts or benefits under Company retirement and health benefit plans, and, as applicable, under Equity Agreements in accordance with their terms, and to no other compensation or benefits.

  • Payment and Benefits In consideration of the promises made in this Release, Employer has agreed to pay Executive the benefits as provided in that certain employment agreement made and entered into as of _________________________, by and between the Parties (the “Employment Agreement”). Executive understands and acknowledges that the benefits described in this Section 2 constitute benefits in excess of those to which Executive would be entitled without entering into this Release. Executive acknowledges that such benefits are being provided by Employer as consideration for Executive entering into this Release, including the release of claims and waiver of rights provided in Section 3 of this Release.

  • Severance Payments; Salary and Benefits The Company agrees to provide Executive with the severance payments and benefits described in Section 4(b) [and Section 4(c)] of the Employment Agreement, payable at the times set forth in, and subject to the terms and conditions of, the Employment Agreement. In addition, to the extent not already paid, and subject to the terms and conditions of the Employment Agreement, the Company shall pay or provide to Executive all other payments or benefits described in Section 3(c) of the Employment Agreement, subject to and in accordance with the terms thereof.

  • Taxation of Payments and Benefits The Employer shall undertake to make deductions, withholdings and tax reports with respect to payments and benefits under this Agreement to the extent that it reasonably and in good faith believes that it is required to make such deductions, withholdings and tax reports. Payments under this Agreement shall be in amounts net of any such deductions or withholdings. Nothing in this Agreement shall be construed to require the Employer to make any payments to compensate the Executive for any adverse tax effect associated with any payments or benefits or for any deduction or withholding from any payment or benefit.

  • 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.

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