Other Payments Upon Termination. If notice of termination of the Executive is given by the Executive or the Company, the Executive shall continue to receive his Base Salary (as increased from time to time by the Board), bonus payments and benefits as provided in Article II until the date of termination, and shall also be entitled to reimbursement for reimbursable expenses as set forth in Section 2.2.
Other Payments Upon Termination. At termination as a Managerial Employee, Company shall offer the Executive an additional payment of at least one (1) month of the Executive’s Base Salary that is contingent on the Executive’s execution, without rescission, a general release in favor of Company in a form acceptable to Company within the time frames specified in the release.
Other Payments Upon Termination. In the case of any termination of Executive’s employment with the Company, Executive or his estate or legal representative shall be entitled to receive from the Company:
(i) To the extent not theretofore paid, Executive’s Base Salary through the date of termination to the extent not theretofore paid;
(ii) To the extent not theretofore paid and not otherwise addressed in this Section 6, the amount of any bonus, incentive compensation, deferred compensation and other compensation earned or accrued by Executive as of the date of termination under any compensation and benefit plans, programs or arrangements maintained in force by the Company and to the extent provided for (if at all) under the terms thereof (for this purpose, Executive’s Annual Bonus, if any, for any fiscal year shall be deemed to have accrued only on the last day of such fiscal year; provided that, except as otherwise required by applicable law, no such accrual shall occur in the event of termination of Executive’s employment pursuant to Section 6(c));
(iii) To the extent not theretofore paid, any vacation pay, expense reimbursements and other cash entitlements accrued by Executive, in accordance with Company policy, as of the date of termination;
(iv) All benefits accrued by Executive under all benefit plans and qualified and nonqualified retirement, pension, 401(k) and similar plans and arrangements of the Company, in such manner and at such time as are provided under the terms of such plans and arrangements. In the event Executive becomes entitled to receive the benefits described in Section 6(a) hereof, such benefits shall be in lieu of other compensation to which Executive may have been entitled pursuant to any severance plan or similar arrangement.
Other Payments Upon Termination. If notice of termination of the employment of Employee is given by the Employee or the Company, the Employee shall continue to receive his then Base Salary and benefits as provided in this Agreement until the date of termination.
Other Payments Upon Termination. If notice of termination of the Executive is given by the Executive or the Company, the Executive shall continue to receive his Base Salary (as increased from time to time by the Board) and benefits as provided in Article II until the date of termination, and shall also be entitled to reimbursement for reimbursable expenses as set forth in Section 2.3. Company's Option to Terminate Executive after Notice of Termination. The Company, or, if notice is given by the Company, the Executive, may, at any time during the period after notice of termination by the Executive or the Company and before the date of termination specified in the notice given in accordance with Section 4.1 or Section 4.2, as the case may be (the "Notice Period"), elect to terminate this Agreement and the Executive's employment hereunder immediately. In such event the Company shall pay the Executive an amount equal to all Accrued Obligations he would have received or been entitled to for the duration of the Notice Period at the rate provided in Article II. Such amounts shall be paid within thirty (30) days after the election pursuant to this Section 4.3(h). Nothing contained in this Section 4.3(h) shall be deemed to reduce in any way amounts due to the Executive pursuant to any other term or provision of this Article IV.
Other Payments Upon Termination. Upon expiration or termination of this Agreement, all sums owed by either Party to the other shall be paid within thirty (30) days of the effective date of such termination.
Other Payments Upon Termination. In the event of termination of this Agreement pursuant to Section 4.3, if all Preferred Shares - Class A have been redeemed pursuant to Section 2.2, then Old Fort shall pay to AFC by wire transfer of immediately available funds in United States dollars an amount equal to the cumulative aggregate total of all payments previously made by AFC for Preferred Shares - Class A, less the cumulative aggregate total of all payments previously made by Old Fort for redemption of Preferred Shares - Class A, less the absolute value of the Experience Refund Loss Carryforward prior to reduction in this value for termination payments plus the aggregate of any amounts paid by Allmerica to LNRAC upon termination of the Reinsurance Agreement for the outstanding Experience Refund Loss Carryforward Amount, plus sixty-five percent (65%) of investment income earned on Separate Account assets, other than any Risk Premium Charges as shall have been maintained in the Separate Account (the "Other Termination Amount").
Other Payments Upon Termination. If notice of termination of the Employee is given by the Employee or the Company, the Employee shall continue to receive his Base Salary (as increased from time to time by the President), bonus payments and benefits as provided in Article II until the date of termination, and shall also be entitled to reimbursement for reimbursable expenses as set forth in Section 2.02.
Other Payments Upon Termination. Upon the termination of Executive’s employment for any reason, Company shall (i) pay Executive the Annual Base Salary through the Termination Date, (ii) in accordance with its standard practices, reimburse Executive for any unreimbursed business expenses payable pursuant to Section 2.d above, (iii) pay Executive any earned but unpaid bonus (but not any pro-rata portion for any current bonus period) under Company’s applicable bonus plans; and (iv) provide any other applicable statutory entitlements under applicable law, and except for the Severance Payment pursuant to Section 5.b. above if appliable, Company shall have no further obligations under this Agreement or otherwise to provide Executive with additional compensation or benefits of any kind. Upon termination of employment, Executive shall not be eligible to participate in any Company Party benefit plan except as required by law or permitted under COBRA (or similar law). Executive understands and agrees that Executive shall not receive the Severance Payment if Executive resigns for any reason, Executive’s employment is terminated for Cause during the Initial Period, Executive’s employment is terminated for any reason following the Initial Period, or is terminated due to Executive’s death.
Other Payments Upon Termination. Upon the termination of Executive’s employment for any reason, Company shall (i) pay Executive the Annual Base Salary through the Termination Date, (ii) in accordance with its standard practices, reimburse Executive for any unreimbursed business expenses payable pursuant to Section 2.c above; and (iii) provide any other applicable statutory entitlements under applicable law, and except for the Severance Payment pursuant to Section 5.b. above if appliable, Company shall have no further obligations under this Agreement or otherwise to provide Executive with additional compensation or benefits of any kind. Upon termination of employment, Executive shall not be eligible to participate in any Company Party benefit plan except as required by law or permitted under COBRA (or similar law). Executive understands and agrees that Executive shall not receive the Severance Payment if Executive resigns for any reason, Executive’s employment is terminated for Cause during the Initial Period, Executive’s employment is terminated for any reason following the Initial Period, or is terminated due to Executive’s death.
