No Additional Payments or Benefits To Xxxxxx Sample Clauses

No Additional Payments or Benefits To Xxxxxx. Until expiration of his employment status as Transition Facilitator on February 15, 2002, Xxxxxx will continue to receive the same medical, dental, life, and disability insurance benefits which he received from the Company while serving as the Company's Chief Financial Officer. Xxxxxx understands, acknowledges and agrees that he will not be eligible for, nor shall he be entitled to participate in, any other employee benefit program established or adopted by the Company, including without limitation bonuses, leaves of absence, the Company's 401(k) plan, or other compensation or benefit program. Xxxxxx and the Company expressly acknowledge and agree that following the execution of this Agreement, Xxxxxx is, and shall continue to be until termination of his employment as Transition Facilitator on February 15, 2002, an "Employee" of the Company within the meaning of Section 2(k) of that certain Endocare, Inc. 1995 Stock Plan (the "Company Stock Plan"), and shall have retained, and will retain through February 15, 2002, his "Continuous Status as an Employee" within the meaning of Section 2(h) of the Stock Plan. The Company and Xxxxxx further understand, acknowledge and agree that those certain stock options granted by the Company to Xxxxxx in accordance with those certain Stock Option Agreements, dated August 18, 1997, July 2, 1998, and January 6, 1999, shall continue to vest in accordance with the terms thereof through and until August 14, 2001, only, and that any right or entitlement to further or continued vesting thereunder shall cease and terminate on August 14, 2001, notwithstanding anything to the contrary set forth in the Stock Option Plan or Xxxxxx' Stock Option Agreements.
Sample 1
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Related to No Additional Payments or Benefits To Xxxxxx

  • No Other Payments or Benefits The Executive acknowledges and agrees that upon the termination of his employment, no other benefits, compensation or remuneration of any kind is owed by the Company to the Executive other than as set forth in this Section 10 or as set forth in any Option Agreements.

  • Payments or Benefits Required by Law Executive will receive such other compensation or benefits from the Company as may be required by law.

  • No Additional Payments There is no obligation on the part of the Company or any other party to make payments in addition to those made by the Mortgagor;

  • Payments to Beneficiary If the Executive dies before receiving amounts to which the Executive is entitled under this Agreement, such amounts shall be paid in a lump sum to the beneficiary designated in writing by the Executive, or if none is so designated, to the Executive’s estate.

  • Deduction Limitation on Benefit Payments If the Bank reasonably anticipates that the Bank’s deduction with respect to any distribution under this Agreement would be limited or eliminated by application of Code Section 162(m), then to the extent deemed necessary by the Bank to ensure that the entire amount of any distribution from this Agreement is deductible, the Bank may delay payment of any amount that would otherwise be distributed under this Agreement. The delayed amounts shall be distributed to the Executive (or the Beneficiary in the event of the Executive’s death) at the earliest date the Bank reasonably anticipates that the deduction of the payment of the amount will not be limited or eliminated by application of Code Section 162(m).

  • Death Benefit Should Employee die during the term of employment, the Company shall pay to Employee's estate any compensation due through the end of the month in which death occurred.

  • Other Compensation or Benefits You acknowledge that, except as expressly provided in this Agreement, you will not receive any additional compensation, severance or benefits after the Separation Date.

  • No Additional Compensation Notwithstanding any other provision of this Agreement, the obligation of Agency to return Referred Accounts, provide current status reports of all such accounts or information reasonably required by Client shall be without right to any additional Contingent Fee, administrative fees or other compensation of any kind or type whatsoever after such termination date, including, without limitation, in quantum meruit, for any Services rendered prior to termination (except on recoveries received and remitted to Client pursuant to this Agreement prior to termination) whether or not said Services result in or contribute to recoveries received after termination.

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

  • Death During Payment of a Benefit If the Executive dies after any benefit payments have commenced under Article 2 of this Agreement but before receiving all such payments, the Company shall pay the remaining benefits to the Beneficiary at the same time and in the same amounts they would have been paid to the Executive had the Executive survived.

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