Other Compensation Matters. As a component of the Manager’s compensation, the Company or any Subsidiary may issue to the Manager or personnel of the Manager stock-based or other equity-based compensation under the Company’s or any such Subsidiary’s equity incentive plan.
Other Compensation Matters. Your base salary as of the effective date of the Merger shall be your minimum base salary throughout the retention period. You shall be eligible for increases in base salary and bonus opportunity percentage on the same basis as the other similarly situated employees of Toshiba.
Other Compensation Matters. Notwithstanding anything to the contrary contained in this Agreement (including the Release set forth in Section 7 hereof), you hereby acknowledge that, in connection with your retirement and ceasing to be an employee of the Company, you will not be entitled to receive from the Company or an affiliate (i) any additional severance pay or benefits except as provided in Section 4.1 and Section 4.2, or (ii) any retiree termination welfare benefits (other than health care continuation coverage that you may be entitled to elect pursuant to Section 4980B of the Code and except as provided in Section 4.1(b)), in each case including, but not limited to any severance pay or benefits pursuant to the Employment Agreement. Your participation in all Company perquisites will cease as of the Retirement Date.
Other Compensation Matters. Employee acknowledges and agrees that he shall not be entitled to receive from the Corporation, or from Castelle or any other affiliate of the Corporation, any salary, bonus or other compensation or benefit of any nature (whether relating to any period prior to the Closing Date or relating to any period after the Closing Date) except as expressly provided in the Other Agreements or in Sections 1.2, 1.3 and 1.4 above. Employee represents and warrants to the Corporation that he is not aware of any claims or rights against the Corporation arising directly or indirectly from his past employment with the Corporation, and Employee hereby releases and discharges the Corporation and its affiliates from all claims, rights, causes of action, demands and obligations relating to or arising directly or indirectly from his past employment with the Corporation.
Other Compensation Matters. 3.3.1 When an employee attends a conference with the approval of the Superintendent, he shall be reimbursed for expenses approved by the Superintendent. He shall suffer no loss in pay while attending the conference.
3.3.2 If an employee, with the approval of the Superintendent, uses his personal automobile while traveling on District business, he will be reimbursed for such travel at the rate established by the Internal Revenue Service.
3.3.3 An employee shall be reimbursed for loss or damage to his clothing or other items of wearing apparel resulting from action which occurred while the employee was engaged in the proper exercise of his responsibilities while in the employment of the District. Such reimbursement shall not exceed $500.00 per incident and shall be made on presentation of (a) appropriate evidence of the cost of repair or replacement and
Other Compensation Matters. The Company agrees that if -------------------------- neither an Evaluation Event or change of control (as each such term is defined in the Executive Supplemental Stock Option Agreement) occurs within three (3) months of the Effective Date; provided, however, that such three month period shall be extended for up to an additional three (3) months to the extent the Company has entered into definitive documentation to effect either such Evaluation Event or change of control, the closing of which is subject only to conditions that are customary for such transactions (e.g., regulatory and shareholder approvals), then:
(A) the Executive shall receive a cash signing bonus of $350,000;
(B) it shall establish a benefits package for the Executive commensurate with industry standards for a chief executive officer, including incentive, savings and retirement plans, welfare benefit plans (e.g., medical, prescription, dental, disability, salary continuance, employee life, group life, accidental death and travel accident insurance plans and programs), and automobile and vacation policies;
(C) vesting of the Executive Stock Options granted under the Executive Supplemental Stock Option Agreement shall be triggered in accordance with the terms and provisions of such supplemental stock option agreement; and
(D) the Executive shall be reimbursed on a fully grossed up basis for his actual and reasonable relocation expenses in moving his family to Florida, including exploratory trips, closing costs associated with selling his present home and purchasing a new home (including points and reasonable attorney fees), and moving costs.
Other Compensation Matters. Following the date of this Agreement and prior to the Closing Date, the Acquiror will utilize the services of an independent compensation consultant to review and make recommendations with respect to post-Closing compensation arrangements, and the Parties will work together to review the Company’s existing compensation arrangements for purposes of developing post-Closing market-based compensation arrangements, including terms and conditions relating to initial awards under the Incentive Equity Plan and customary employment agreements for key employees, taking into account such recommendations.
Other Compensation Matters. You hereby acknowledge that, in connection with your retirement and ceasing to be an employee of the Company, you shall not be entitled to receive from the Company or an affiliate (i) any severance pay or severance benefits; or (ii) any post-termination welfare benefits (other than health care continuation coverage that you may be entitled to elect pursuant to COBRA, it being agreed that the Company shall not be required to reimburse you for any premium payments in respect of such COBRA coverage). Your participation in all Company perquisites shall cease as of the Retirement Date.
Other Compensation Matters. (a) The Company will pay for, or reimburse Employee for, amounts not to exceed Three Thousand Five Hundred Dollars ($3,500) for the cost of outplacement services incurred by Employee.
(b) The Company will pay Employee for sixty-five (65) accrued but unused vacation hours.
(c) The Company has previously reimbursed Employee for all business expenses incurred on the Company's behalf by Employee.
(d) No annual incentive compensation is payable to Employee for the portion of 1998 for which Employee worked for the Company.
(e) No long term incentive compensation is payable to Employee for Employee's period of employment with the Company. Employee is not vested in any stock options issued to Employee by the Company and such options terminate immediately upon Employee's separation from service with the Company.
Other Compensation Matters. Notwithstanding anything to the contrary contained in this Agreement (including the Release set forth in Section 6 hereof), you hereby acknowledge that, in connection with your retirement and ceasing to be an employee of the Company, you shall not be entitled to receive from the Company or an affiliate (i) any severance pay or benefits or (ii) any retiree termination welfare benefits (other than health care continuation coverage that you may be entitled to elect pursuant to Section 4980B of the Code and except as provided in Section 4.5), in each case including, but not limited to any severance pay or benefits pursuant to your employment agreement with the Company, dated December 19, 2008 (the “Employment Agreement”). Your participation in all Company perquisites shall cease as of the Retirement Date. You agree that the Company shall have no obligation to fund or retain funds in any “rabbi trust” with respect to payments and benefits to you.
