Nature of Payments. Any amounts due under this Section 8 are in the nature of severance payments considered to be reasonable by the Company and are not in the nature of a penalty.
Appears in 19 contracts
Samples: Employment Agreement (Amedisys Inc), Employment Agreement (Amedisys Inc), Employment Agreement (Amedisys Inc)
Nature of Payments. Any amounts due under this Section 8 12 are in the nature of severance payments considered to be reasonable by the Company and are not in the nature of a penalty.
Appears in 16 contracts
Samples: Employment Agreement (Diebold Inc), Employment Agreement (Diebold Inc), Employment Agreement (Primedia Inc)
Nature of Payments. Any amounts due under this Section 8 6 are in the nature of severance payments considered to be reasonable by the Company and are not in the nature of a penalty.
Appears in 10 contracts
Samples: Employment Agreement (Bowhead Specialty Holdings Inc.), Employment Agreement (Bowhead Specialty Holdings Inc.), Executive Employment Agreement (Hancock John Financial Services Inc)
Nature of Payments. Any amounts due under this Section 8 9 are in the nature of severance payments considered to be reasonable by the Company and are Company. Failure to qualify for any such payment is not in the nature of a penalty.
Appears in 9 contracts
Samples: Employment Agreement (Kmart Corp), Employment Agreement (Kmart Corp), Employment Agreement (Kmart Corp)
Nature of Payments. Any amounts due under this Section 8 11 are in the nature of severance payments considered to be reasonable by the Company and the Executive and are not in the nature of a penalty.
Appears in 6 contracts
Samples: Employment Agreement (Endurance International Group Holdings, Inc.), Employment Agreement (Endurance International Group Holdings, Inc.), Restricted Stock Unit Agreement (Endurance International Group Holdings, Inc.)
Nature of Payments. Any amounts due under this Section 8 are in the nature of severance payments considered to be reasonable by the Company and are not in the nature of a penalty.
Appears in 6 contracts
Samples: Executive Employment Agreement (Aja Cannafacturing, Inc.), Executive Employment Agreement (Textmunication Holdings, Inc.), Executive Employment Agreement (IDS Industries, Inc.)
Nature of Payments. Any amounts due under this Section 8 14 are in the nature of severance payments considered to be reasonable by the Company and are not in the nature of a penalty.
Appears in 6 contracts
Samples: Employment Agreement (Gillette Co), Employment Agreement (Gillette Co), Employment Agreement (Gillette Co)
Nature of Payments. Any amounts due under this Section 8 are in the nature of severance payments considered to be reasonable by the Company Companies and are not in the nature of a penalty.
Appears in 4 contracts
Samples: Employment Agreement (Mid America Bancorp/Ky/), Employment Agreement (Mid America Bancorp/Ky/), Employment Agreement (Mid America Bancorp/Ky/)
Nature of Payments. Any amounts due under this Section 8 7 are in the nature of severance payments considered to be reasonable by the Company Companies and are not in the nature of a penalty.
Appears in 4 contracts
Samples: Employment Agreement (Mid America Bancorp/Ky/), Employment Agreement (Mid America Bancorp/Ky/), Employment Agreement (Mid America Bancorp/Ky/)
Nature of Payments. Any amounts due under this Section 8 11 are in the nature of severance payments considered to be reasonable by the Company and are Company. Failure to qualify for any such payment is not in the nature of a penalty.
Appears in 3 contracts
Samples: Employment Agreement (Kmart Holding Corp), Employment Agreement (Kmart Corp), Employment Agreement (Kmart Holding Corp)
Nature of Payments. Any amounts due under this Section 8 are in the nature of severance payments considered to be reasonable by the Company and are not in the nature of a penalty.
Appears in 2 contracts
Samples: Employment Agreement (Moneygram International Inc), Indemnification Agreement (Moneygram International Inc)
Nature of Payments. Any amounts due under this Section 8 7 are in the nature of severance payments considered to be reasonable by the Company and are not in the nature of a penalty.
Appears in 2 contracts
Samples: Employment Agreement (Storage Technology Corp), Employment Agreement (Darwin Professional Underwriters Inc)
Nature of Payments. Any amounts due under this Section 8 are in the nature of severance payments considered to be reasonable by the Company INTELLECT and are not in the nature of a penalty.
Appears in 2 contracts
Samples: Employment Agreement (Intellect Neurosciences, Inc.), Employment Agreement (Intellect Neurosciences, Inc.)
Nature of Payments. Any amounts due under this Section 8 are in the nature of severance payments considered to be reasonable by the Company and are not in the nature of a penalty.. (g)
Appears in 1 contract
Nature of Payments. Any amounts due under this Section 8 11 are in the nature of severance payments considered to be reasonable by the Company and are not in the nature of a penalty.. 8
Appears in 1 contract
Samples: Employment Agreement Agreement (Penncorp Financial Group Inc /De/)
Nature of Payments. Any amounts due under this Section 8 13 are in the nature of severance payments considered to be reasonable by the Company and are not in the nature of a penalty.
Appears in 1 contract
Nature of Payments. Any amounts due under this Section 8 are in the nature of severance payments considered to be reasonable by the Company and are Company. Failure to qualify for any such payment is not in the nature of a penalty.
Appears in 1 contract
Nature of Payments. Any amounts due under this Section 8 are in the nature of severance payments considered to be reasonable by the Company and are not in the nature of a penalty. The benefits described in Sections 8(a), (b), (c), (d), (e) and (f) are mutually exclusive and Executive shall not be entitled to benefits under more than one such Section.
Appears in 1 contract
Samples: Employment Agreement (Amedisys Inc)
Nature of Payments. Any amounts due under this Section 8 are in the nature of severance payments considered to be reasonable by the Company all Parties and are not in the nature of a penalty, and shall be paid under the normal pay practices of the Bank until expired. 9.
Appears in 1 contract
