NO OTHER AMOUNTS OR BENEFITS DUE EMPLOYEE Sample Clauses

NO OTHER AMOUNTS OR BENEFITS DUE EMPLOYEE. Employee acknowledges that there are no other sums due Employee for salary, overtime, vacation, sick pay, severance pay, change-in-control pay, bonuses or other compensation or benefits by the Company or any of its predecessors or their affiliates except for: (a) the Basic Termination Benefits set forth in Part II, (b) the Severance Benefits, (c) any compensation to be paid prior to the Severance Date, (d) Employee's vested and accrued benefits (if any), as discussed more fully in Section II.4 above, and (e) rights to indemnification and directors' and officers' liability insurance pursuant to the Company's organizational documents, written agreement or otherwise. Without limitation, Employee acknowledges that there are no other amounts due Employee pursuant to the items noted in Recital A of this Agreement.
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NO OTHER AMOUNTS OR BENEFITS DUE EMPLOYEE. Employee acknowledges ----------------------------------------- that there are no other sums due Employee for salary, overtime, vacation, sick pay, severance pay, change-in-control pay, bonuses or other compensation or benefits by the Company or any of its predecessors or their affiliates except for: (a) the Basic Termination Benefits set forth in Part II, (b) the Severance Benefits, (c) any compensation to be paid prior to the Severance Date, (d) Employee's vested and accrued benefits (if any), as discussed more fully in Section II.4 above, and
Sample 1

Related to NO OTHER AMOUNTS OR BENEFITS DUE EMPLOYEE

  • No Other Compensation or Benefits You acknowledge that, except as expressly provided in this Agreement, you have not earned and will not receive from the Company any additional compensation relating to or arising from employment with the Company (including base salary, bonus or incentive compensation), severance, or benefits before or after the Separation Date, with the exception of any vested right you may have under the express terms of a written ERISA-qualified benefit plan (e.g., 401(k) account).

  • 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.

  • NO OTHER BENEFITS OR COMPENSATION Except as may be provided under this Agreement, under the terms of any incentive compensation, employee benefit, or fringe benefit plan applicable to Executive at the time of Executive's termination or resignation of employment, Executive shall have no right to receive any other compensation, or to participate in any other plan, arrangement or benefit, with respect to future periods after such termination or resignation.

  • 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.

  • Compensation Benefits Etc During the Employment Period, the Manager shall be compensated as follows:

  • Salary Benefits and Bonus Compensation 3.1 BASE SALARY. Effective July 1, 2000, as payment for the services to be rendered by the Employee as provided in Section 1 and subject to the terms and conditions of Section 2, the Employer agrees to pay to the Employee a "Base Salary" at the rate of $180,000 per annum, payable in equal bi-weekly installments. The Base Salary for each calendar year (or proration thereof) beginning January 1, 2001 shall be determined by the Board of Directors of Avocent Corporation upon a recommendation of the Compensation Committee of Avocent Corporation (the "Compensation Committee"), which shall authorize an increase in the Employee's Base Salary in an amount which, at a minimum, shall be equal to the cumulative cost-of-living increment on the Base Salary as reported in the "Consumer Price Index, Huntsville, Alabama, All Items," published by the U.S. Department of Labor (using July 1, 2000, as the base date for computation prorated for any partial year). The Employee's Base Salary shall be reviewed annually by the Board of Directors and the Compensation Committee of Avocent Corporation.

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

  • 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.

  • Compensation Benefits In consideration of Executive's services hereunder, the Company shall provide Executive the following:

  • Compensation Benefits Expenses (a) Compensation In consideration of the services to be rendered hereunder, including, without limitation, services to any Affiliated Company, Consultant shall be paid a fee of 1,000,000 shares, pursuant to the procedures regularly established, and as they may be amended, by the Company during the course of this Agreement.

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