Common use of Minimum Benefits Clause in Contracts

Minimum Benefits. If the Termination Date occurs during the Employment Period for any reason, the Executive shall be entitled to the Minimum Benefits, in addition to any other benefits to which the Executive may be entitled under the following provisions of this Section 4 or the express terms of any employee benefit plan or as required by law. Any benefits to be provided to the Executive pursuant to this Section 4(a) shall be provided within thirty (30) days after the Termination Date; provided, however, that any benefits, incentives or awards payable as described in Section 4(f) shall be made in accordance with the provisions of the applicable plan, program or arrangement. Except as may otherwise be provided expressly to the contrary in this Agreement or as otherwise provided by law, nothing in this Agreement shall be construed as requiring the Executive to be treated as employed by the Company following the Termination Date for purposes of any employee benefit plan or arrangement in which the Executive may participate at such time.

Appears in 9 contracts

Samples: Employment Agreement (MidWestOne Financial Group, Inc.), Employment Agreement (MidWestOne Financial Group, Inc.), Employment Agreement (MidWestOne Financial Group, Inc.)

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Minimum Benefits. If the Termination Date occurs during the Employment Period for any reason, the Executive shall be entitled to the Minimum Benefits, Benefits in addition to any other benefits to which the Executive may be entitled under the following provisions of this Section 4 or the express terms of any employee benefit plan or as required by law. Any benefits to be provided to the Executive pursuant to this Section 4(a) shall be provided within thirty (30) days after the Termination Date; provided, however, that any benefits, incentives or awards payable as described in Section 4(f) shall be made in accordance with the provisions of the applicable plan, program or arrangement. Except as may otherwise be provided expressly to the contrary in this Agreement or as otherwise provided by law, nothing in this Agreement shall be construed as requiring the Executive to be treated as employed by the Company following the Termination Date for purposes of any employee benefit plan or arrangement in which the Executive may participate at such time.

Appears in 6 contracts

Samples: Employment Agreement (MidWestOne Financial Group, Inc.), Employment Agreement (MidWestOne Financial Group, Inc.), Employment Agreement (MidWestOne Financial Group, Inc.)

Minimum Benefits. If the Termination Date occurs during the Employment Period for any reason, the Executive shall be entitled to the Minimum Benefits, in addition to any other benefits to which the Executive may be entitled under the following provisions of this Section 4 or the express terms of any employee benefit plan or as required by law. Any benefits to be provided to the Executive pursuant to this Section 4(a) shall be provided within thirty (30) days after the Termination Date; provided, however, that any benefits, incentives or awards payable as described in Section 4(f) shall be made in accordance with the provisions of the applicable plan, program or arrangement. Except as may otherwise be provided expressly to the contrary in this Agreement or as otherwise provided by law, nothing in this Agreement shall be construed as requiring the Executive to be treated as employed by the Company following the Termination Date for purposes of any employee benefit plan or arrangement in which the Executive may participate at such time.

Appears in 3 contracts

Samples: Employment Agreement (MidWestOne Financial Group, Inc.), Employment Agreement (MidWestOne Financial Group, Inc.), Employment Agreement (MidWestOne Financial Group, Inc.)

Minimum Benefits. If the Termination Date occurs during following the Effective Date and prior to the end of the Employment Period for any reason, the Executive shall be entitled to the Minimum Benefits, Benefits in addition to any other benefits to which the Executive may be entitled under the following provisions of this Section 4 or the express terms of any employee benefit plan or as required by law. Any benefits to be provided to the Executive pursuant to this Section 4(a) shall be provided within thirty (30) days after the Termination Date; provided, however, that any benefits, incentives or awards payable as described in Section 4(f) shall be made in accordance with the provisions of the applicable plan, program or arrangement. Except as may otherwise be provided expressly to the contrary in this Agreement or as otherwise provided by law, nothing in this Agreement shall be construed as requiring the Executive to be treated as employed by the Company following the Termination Date for purposes of any employee benefit plan or arrangement in which the Executive may participate at such time.

Appears in 2 contracts

Samples: Employment Agreement (MidWestOne Financial Group, Inc.), Employment Agreement (MidWestOne Financial Group, Inc.)

Minimum Benefits. If the Termination Date occurs during the Employment Period for any reason, the Executive Employee shall be entitled to the Minimum Benefits, in addition to any other benefits to which the Executive Employee may be entitled under the following provisions of this Section 4 or the express terms of any employee benefit plan or as required by law. Any benefits to be provided to the Executive Employee pursuant to this Section 4(a) shall be provided within thirty (30) 30 days after the Termination Date; provided, however, that any benefits, incentives incentives, or awards payable as described in Section 4(f4(e)(i) shall be made provided in accordance with the provisions terms of the applicable plan, program program, or arrangement. Except as may otherwise expressly be provided expressly to the contrary in this Agreement or as otherwise provided by lawAgreement, nothing in this Agreement shall be construed as requiring the Executive Employee to be treated as employed by the Company or any Affiliate following the Termination Date for purposes of any employee benefit plan plan, program, or arrangement in which the Executive may participate at such timearrangement.

Appears in 1 contract

Samples: Employment Agreement (Trinity Capital Corp)

Minimum Benefits. If the Termination Date occurs during the Employment Period for any reasonreason or due to the expiration of the Employment Period, the Executive shall be entitled to the Minimum Benefits, in addition to any other benefits to which the Executive may be entitled under the following provisions of this Section 4 or the express terms of any employee benefit plan or as required by law. Any benefits to be provided to the Executive pursuant to this Section 4(a) shall be provided within thirty (30) 30 days after the Termination Date; provided, however, that any benefits, incentives incentives, or awards payable as described in Section 4(f4(g)(i) shall be made provided in accordance with the provisions terms of the applicable plan, program program, or arrangement. Except as may otherwise expressly be provided expressly to the contrary in this Agreement or as otherwise provided by lawAgreement, nothing in this Agreement shall be construed as requiring the Executive to be treated as employed by the Company or any Affiliate following the Termination Date for purposes of any employee benefit plan plan, program, or arrangement in which the Executive may participate at such timearrangement.

Appears in 1 contract

Samples: Transitional Employment Agreement (Lakeland Financial Corp)

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Minimum Benefits. If the Termination Date occurs during the Employment Period for any reason, the Executive shall be entitled to the Minimum Benefits, Benefits in addition to any other benefits to which the Executive may be entitled under the following provisions of this Section 4 or the express terms of any employee benefit plan or as required by law. Any benefits to be provided to the Executive pursuant to this Section 4(a) shall be provided within thirty (30) days after the Termination Date; provided, however, that any benefits, incentives or awards payable as described in Section 4(f) shall be made in accordance with the provisions of the applicable plan, program or arrangement. Except as may otherwise be provided expressly to the contrary in this Agreement or as otherwise provided by law, nothing in this Agreement shall be construed as requiring the Executive to be treated as employed by the Company following the Termination Date for purposes of any employee benefit plan or arrangement in which the Executive may participate at such time.. (b)

Appears in 1 contract

Samples: Employment Agreement (MidWestOne Financial Group, Inc.)

Minimum Benefits. If Following the Termination Date occurs during the Employment Period for any reasonDate, the and in accordance with and subject to applicable law, Executive shall be entitled to the Minimum Benefits, in addition to any other benefits to which the Executive may be entitled under the following provisions of this Section 4 or the express terms of any employee benefit plan or as required by law. Any benefits to be provided to the Executive pursuant to this Section 4(a) shall be provided within thirty (30) 30 days after the Termination Date; provided, however, that any benefits, incentives incentives, or awards payable as described in Section 4(f4(g)(i) shall be made provided in accordance with the provisions terms of the applicable plan, program program, or arrangement. Except as may otherwise expressly be provided expressly to the contrary in this Agreement or as otherwise provided by lawAgreement, nothing in this Agreement shall be construed as requiring the Executive to be treated as employed by the Company or any Affiliate following the Termination Date for purposes of any employee benefit plan plan, program, or arrangement in which the Executive may participate at such timearrangement.

Appears in 1 contract

Samples: Employment Agreement (Landmark Bancorp Inc)

Minimum Benefits. If the Termination Date occurs during the Employment Period for any reason, the Executive shall be entitled to the Minimum Benefits, in addition to any other benefits to which the Executive may be entitled under the following provisions of this Section 4 5 or the express terms of any employee benefit plan or as required by law. Any benefits to be provided to the Executive pursuant to this Section 4(a5(a) shall be provided within thirty (30) days after the Termination Date; provided, however, that any benefits, incentives or awards payable as described in Section 4(f5(f) shall be made in accordance with the provisions of the applicable plan, program or arrangement. Except as may otherwise be provided expressly to the contrary in this Agreement or as otherwise provided by law, nothing in this Agreement shall be construed as requiring the Executive to be treated as employed by the Company following the Termination Date for purposes of any employee benefit plan or arrangement in which the Executive may participate at such time.

Appears in 1 contract

Samples: Employment Agreement (MidWestOne Financial Group, Inc.)

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