Common use of No Further Payments Clause in Contracts

No Further Payments. You agree that your employment will terminate effective January 10, 2020, and that, after that date, Cerner will owe no additional compensation to you other than: (i) your final paycheck covering the period through January 10, 2020, (ii) any performance-based cash incentive compensation earned but not yet paid as of January 10, 2020 (including, the Q4 2019 CPP bonus as described in Paragraph 10.B., below), and (iii) the separation benefits described in Paragraph 1. A. You agree that amounts paid pursuant to this Separation Agreement shall be in full and final satisfaction of any amounts or other benefits that could be owed to you under any other agreement you may have entered into with Cerner or, except as required by law or specifically provided herein, any other Cerner benefit plan or arrangement, including but not limited to your Employment Agreement (including Paragraph 8 of that Employment Agreement), the Enhanced Severance Pay Plan or the Business Optimization Severance Pay Plan. B. You will remain eligible to participate in the Cerner Corporation 2018 Performance Compensation Plan (“CPP”) through the last day of the fourth fiscal quarter of 2019. Calculations and payments under the CPP for Q4 2019 shall be governed by the CPP and equal to the actual CPP metrics achieved or not achieved in that quarter. That amount will be paid to you in accordance with Cerner’s regular 2019 CPP payment schedule. You acknowledge that you are not eligible for and will not receive any further payments under the CPP after Q4 2019.

Appears in 1 contract

Samples: Separation Agreement (CERNER Corp)

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No Further Payments. You agree that your employment will terminate effective January 10March 31, 20202021, and that, after that date, Cerner will owe no additional compensation to you other than: (i) your final paycheck covering the period through January 10Xxxxx 00, 20200000, (iixx) any performance-based cash incentive compensation earned but not yet paid as of January 10March 31, 2020 2021 (including, the Q4 2019 Q1 2021 CPP bonus as described in Paragraph 10.B., below), and (iii) the separation benefits described in Paragraph 1. A. You agree that amounts paid pursuant to this Separation Agreement shall be in full and final satisfaction of any amounts or other benefits that could be owed to you under any other agreement you may have entered into with Cerner or, except as required by law or specifically provided herein, any other Cerner benefit plan or arrangement, including but not limited to your Employment Agreement (including Paragraph 8 of that Employment Agreement), the Enhanced Severance Pay Plan or the Business Optimization Severance Pay Plan. B. You will remain eligible to participate in the Cerner Corporation 2018 Performance Compensation Plan (“CPP”) through the last day of the fourth first fiscal quarter of 20192021. Calculations and payments under the CPP for Q4 2019 Q1 2021 shall be governed by the CPP and equal to based on the actual CPP metrics achieved or not achieved in that such first quarter. That amount Any earned amounts will be paid to you in accordance with Cerner’s regular 2019 CPP payment schedule. You acknowledge that you are not eligible for and will not receive any further payments under the CPP after Q4 2019Q1 2021.

Appears in 1 contract

Samples: Departure Agreement (CERNER Corp)

No Further Payments. You agree that your employment will terminate effective January 10November 2, 20202018, and that, after that date, Cerner will owe no additional compensation to you other than: (i) than your final paycheck covering the period through January 10paycheck, 2020, (ii) any performance-based cash incentive compensation earned but not yet paid as of January 10November 2, 2020 2018 (including, the Q4 2019 potentially, a Q3 2018 CPP bonus as described in Paragraph 10.B.7.B., below), and (iii) the separation benefits described in Paragraph 1.1.A. A. You agree that amounts paid pursuant to this Separation Agreement shall be in full and final satisfaction of any amounts or other benefits that could be owed to you under any other agreement you may have entered into with Cerner or, except as required by law or specifically provided herein, any other Cerner benefit plan or arrangement, including but not limited to your Employment Agreement, as amended by the Cerner Executive Severance Agreement on September 11, 2017 (including Paragraph 8 of that Employment Agreement), ) and the Enhanced Severance Pay Plan or the Business Optimization Severance Pay Plan. B. You will remain eligible to participate in the Cerner Corporation 2018 Performance Compensation Plan (“CPP”) through the last day of the fourth third fiscal quarter of 20192018. Calculations and payments under the CPP for Q4 2019 Q3 2018 shall be governed by the CPP and equal to the actual CPP metrics achieved or not achieved in that quarter. That amount will be paid to you in accordance with Cerner’s regular 2019 CPP the established payment scheduleschedule under the CPP. You acknowledge that you are not eligible for and will not receive any further payments under the CPP after Q4 2019Q3 2018.

Appears in 1 contract

Samples: Separation Agreement (Cerner Corp /Mo/)

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No Further Payments. You agree that your employment will terminate effective January 10February 27, 20202021, and that, after that date, Cerner will owe no additional compensation to you other than: (i) your final paycheck covering the period through January 10February 27, 20202021, (ii) any performance-based cash incentive compensation for Q4 2020 earned but not yet paid as of January 10February 27, 2020 (including, the Q4 2019 CPP bonus as described in Paragraph 10.B., below)2021, and (iii) the separation benefits described in Paragraph 1. A. You agree that amounts paid pursuant to this Separation Agreement shall be in full and final satisfaction of any amounts or other benefits that could be owed to you under any other agreement you may have entered into with Cerner or, except as required by law or specifically provided herein, any other Cerner benefit plan or arrangement, including but not limited to your Employment Agreement (including Paragraph 8 of that Employment Agreement), the Enhanced Severance Pay Plan or the Business Optimization Severance Pay Plan. B. You will remain eligible to participate in the Cerner Corporation 2018 Performance Compensation Plan (“CPP”) through the last day of the fourth fiscal quarter of 2019. Calculations and payments under the CPP for Q4 2019 2020 shall be governed by the CPP and equal to based on the actual CPP metrics achieved or not achieved in that such quarter. That amount Any earned amounts will be paid to you in accordance with Cerner’s regular 2019 CPP payment schedule. You acknowledge that you are not eligible for to participate in the CPP, and will not receive any further payments under the CPP CPP, after Q4 20192020.

Appears in 1 contract

Samples: Separation Agreement (CERNER Corp)

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