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Payments After Termination of Employment Sample Clauses

Payments After Termination of Employment. Payments made by the Corporation to the Executive pursuant to this Agreement after the Executive’s Termination Date will be made by courier delivery service to the last address provided for notices to the Executive pursuant to Section 5.09 of this Agreement.
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Payments After Termination of Employment. (a) Subject to the terms and conditions set forth in Paragraph 2.8(b), if, on or before January 28, 2007, Employee is terminated by the Company without Cause (as that term is defined below) or Employee terminates his employment for Good Reason (as that term is defined below), the Company shall: (i) continue to pay Employee his Base Salary until January 28, 2007; and (ii) pay Employee the cash equivalent of the Employee's monthly medical insurance premium paid by the Company at the time of the termination of Employee's employment for a period of forty-two (42) months minus the number of full months Employee was employed by the Company, less applicable withholdings. The Company reserves the right, in its sole discretion, to make any of the payments provided for in this Paragraph in a lump sum. (b) Employee shall have no right to any payments under Paragraph 2.8(a) unless Employee executes, at the time of his termination of employment, a General Release satisfactory to the Company of any and all claims which he may have arising out of or relating to his employment with and/or termination of employment by the Company. Employee also shall have no right to any payments under Paragraph 2.8(a) if Employee (i) is terminated by the Company for Cause, or (ii) terminates his employment without Good Reason. (c) Regardless of the reason for the termination of Employee's employment, whether by Employee or the Company, whether for Cause or not, whether or not due to Employee's death, Employee (or his estate) will receive pay for any days actually worked by Employee prior to the termination of his employment, expense reimbursement for all reasonable expenses incurred by him in connection with the performance of his duties prior to the termination of his employment in accordance with the terms and conditions of Paragraph 2.6, and any pay for accrued but unused paid time off benefits, to the extent Employee may be eligible for same under the Company's policies. (d) Regardless of the reason for the termination of Employee's employment, whether by Employee or the Company, whether for Cause or not, whether for Good Reason or not, whether or not due to Employee's death, the Employee (or his estate) shall not be eligible for any Company-paid benefits subsequent to the termination of his employment. (e) Nothing in this Section 2.8 shall affect in any way Employee's entitlement to receive the Contingency Profits Payments set forth in Paragraph 2.2(b).
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Payments After Termination of Employment a. Upon termination of Employee's Employment, Employee shall not be entitled to any further compensation from Company or any Affiliate, except: (i) unpaid salary installments through the end of the week in which the Employment terminates; and (ii) any vested benefits accrued prior to the date the Employment terminates under the terms of any written Company benefit plan that expressly calls for payments or rights after termination of employment; (iii) COBRA continuation coverage at Employee's expense, if Employee is eligible under applicable law; and (iv) Severance Pay (if any) becoming due under Paragraph 6 or Paragraph 15. b. The Company will pay Employee the Severance Pay described in this Paragraph if the Company terminates the Employee's Employment during the term of this Agreement other than as permitted under Paragraph 5(b) ("Disability") or 5(c) ("Cause"), except that no Severance Pay will be owing from the Company by reason of the sale of the Company's business, if this Agreement is assigned to and assumed by a Successor Company, as provided in Paragraph 14. A purported termination of the Employment under Paragraph 5(c) ("Termination by Company for Cause") or Paragraph 5(b) ("Disability") that is ultimately found to have been improper under such paragraph shall be deemed to have been a termination under Paragraph 5(f) ("Discretionary Termination by Company"). The Company will also pay Employee the Severance Pay described in this Paragraph if the Employee terminates his Employment during the term of this Agreement for Good Reason, as provided in Paragraph 5(d) ("Termination by Employee for Good Reason").
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Payments After Termination of Employment. 3.8.1. If Employee is terminated by PLC without Cause or Employee terminates his employment for Good Reason (i) on a date prior to the first anniversary of the date of this Agreement, PLC shall continue to pay Employee his Base Salary until the first anniversary of the date of this Agreement or for six (6) months, whichever period is longer, or (ii) on a date after the first anniversary of the date of this Agreement, PLC shall continue to pay Employee his Base Salary until thirty (30) months after the date of this Agreement or for six (6) months, whichever period is shorter. Employee shall have no right to payment under this 3.8.1 if Employee (i) is terminated by PLC for Cause, (ii) terminates his employment without Good Reason, or (iii) is terminated for any reason after the expiration of the term set forth in the first sentence of Section 2.
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Payments After Termination of Employment. Regardless of the reason for the termination of Employee’s employment, whether by Employee or the Company, whether or not due to Employee’s death, and whether for cause or not, Employee (or his estate) will receive pay for any days actually worked by Employee prior to the termination of his employment, expense reimbursement for all reasonable expenses incurred by him in connection with the performance of his duties prior to the termination of his employment and any pay for accrued but unused paid time off benefits, to the extent Employee may be eligible for same under the Company’s policies. Except as set forth in the immediately preceding sentence, upon termination of Employee’s employment, the Company will have no obligation to Employee for payment of any Base Salary or bonus or for any fringe benefits (including without limitation, any insurance benefit), or any other form of compensation or benefit, except as otherwise required by law or by benefit plan provided at Company expense.
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Payments After Termination of Employment a. Upon termination of Employee's Employment, Employee shall not be entitled to any further compensation from Company or any Affiliate, except: (i) unpaid salary installments through the end of the week in which the Employment terminates; and (ii) any vested benefits accrued prior to the date the Employment terminates under the terms of any written Company benefit plan that expressly calls for payments or rights after termination of employment; (iii) COBRA continuation coverage at Employee's expense, if Employee is eligible under applicable law; and (iv) Severance Pay (if any) becoming due under Paragraph 6. b. The Company will pay Employee the Severance Pay described in this Paragraph if the Company terminates the Employee's Employment during the term of this Agreement other than Paragraph 5(c) ("Cause"), except that no
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Payments After Termination of Employment 
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Related to Payments After Termination of Employment

  • Exercise After Termination of Employment (A) Except as the COMMITTEE may at any time provide, if the employment of PARTICIPANT with the COMPANY and the subsidiaries and affiliates of the COMPANY is terminated for any reason other than death or “total disability” (as defined below), the AWARD may be exercised (to the extent that PARTICIPANT was entitled to do so on the date of the termination of PARTICIPANT’s employment) at any time within three months after such termination of employment, subject to the provisions of Section 2(C) of this AGREEMENT, and shall then expire. To the extent PARTICIPANT was not entitled to exercise the AWARD on the date of termination of PARTICIPANT’s employment, such portion of the AWARD shall expire on the date of such termination. (B) If PARTICIPANT becomes totally disabled, the AWARD shall become immediately vested and exercisable in full, and the AWARD may be exercised at any time during the first twelve (12) months that PARTICIPANT receives benefits under the Abercrombie & Fitch Co. Long Term Disability Plan, or any successor plan or program, subject to the provisions of Section 2(C) of this AGREEMENT, and shall then expire. (C) If PARTICIPANT dies while employed by the COMPANY or one of the subsidiaries or affiliates of the COMPANY, the AWARD shall become immediately vested and exercisable in full by PARTICIPANT’s estate or by the person who acquires the right to exercise the AWARD upon PARTICIPANT’s death by bequest or inheritance. The AWARD may be exercised at any time within one year after the date of PARTICIPANT’s death, or such other period as the COMMITTEE may at any time provide, subject to the provisions of Section 2(C) of this AGREEMENT, and shall then expire. (D) For purposes of this AGREEMENT, “total disability” shall have the definition set forth in the Abercrombie & Fitch Co. Long Term Disability Plan, which definition is incorporated herein by reference.

  • Competition After Termination of Employment The Company shall not pay any benefit under this Agreement if the Executive, without the prior written consent of the Company and within 2 years from the Executive’s Termination of Employment, engages in, becomes interested in, directly or indirectly, as a sole proprietor, as a partner in a partnership, or as a substantial shareholder in a corporation, or becomes associated with, in the capacity of employee, director, officer, principal, agent, trustee or in any other capacity whatsoever, any enterprise conducted in the trading area (a 50 mile radius) of the business of the Company, which enterprise is, or may deemed to be, competitive with any business carried on by the Company as of the date of termination of the Executive’s employment or retirement. This section shall not apply following a Change in Control.

  • Other Termination of Employment In the event of your voluntary termination (other than a Retirement subject to Section 2(c) or a Qualifying Termination subject to Section 2(f)), or termination by the Company or a subsidiary of the Company for misconduct or other conduct deemed by the Company to be detrimental to the interests of the Company or a subsidiary of the Company, you shall forfeit all unvested RSUs on the date of termination.

  • Payments Upon Termination of Employment (a) If during the Termination Period the employment of the Executive shall terminate, other than by reason of a Nonqualifying Termination, then the Company shall pay to the Executive (or the Executive's beneficiary or estate) within 30 days following the Date of Termination, as compensation for services rendered to the Company: (1) a cash amount equal to the sum of (i) the Executive's full annual base salary from the Company through the Date of Termination, to the extent not theretofore paid, (ii) the Executive's annual bonus in an amount at least equal to the highest annualized (for any fiscal year consisting of less than 12 full months or with respect to which the Executive has been employed by the Company for less than 12 full months) bonus paid or payable, including by reason of any deferral, to the Executive by the Company in respect of the three fiscal years of the Company (or such portion thereof during which the Executive performed services for the Company if the Executive shall have been employed by the Company for less than such three fiscal year period) immediately preceding the fiscal year in which the Change in Control occurs, multiplied by a fraction, the numerator of which is the number of days in the fiscal year in which the Change in Control occurs through the Date of Termination and the denominator of which is 365 or 366, as applicable, and (iii) any compensation previously deferred by the Executive (together with any interest and earnings thereon) and any accrued vacation pay, in each case to the extent not theretofore paid; plus (2) a lump-sum cash amount (subject to any applicable payroll or other taxes required to be withheld pursuant to Section 5) in an amount equal to (i) the Executive's highest annual base salary from the Company in effect during the 12-month period prior to the Date of Termination, plus (ii) the Executive's highest annualized (for any fiscal year consisting of less than 12 full months or with respect to which the Executive has been employed by the Company for less than 12 full months) bonus, paid or payable, including by reason of any deferral, to the Executive by the Company in respect of the five fiscal years of the Company (or such portion thereof during which the Executive performed services for the Company if the Executive shall have been employed by the Company for less than such five fiscal year period) immediately preceding the fiscal year in which the Change in Control occurs, provided, that any amount paid pursuant to this Section 3(a)(2) shall be paid in lieu of any other amount of severance relating to salary or bonus continuation to be received by the Executive upon termination of employment of the Executive under any severance agreement, plan, policy or arrangement of the Company. (b) For a period of eighteen months commencing on the Date of Termination, the Company shall continue to keep in full force and effect all policies of medical, accident, disability and life insurance with respect to the Executive and his dependents with the same level of coverage, upon the same terms and otherwise to the same extent as such policies shall have been in effect immediately prior to the Date of Termination and the Company shall pay all costs of the continuation of such insurance coverage. (c) For a period of twelve months commencing on the Date of Termination, the Executive shall receive outplacement assistance services from an outplacement agency selected by the Executive and the Company shall pay all costs of such services; provided that such costs shall not exceed $15,000 in the aggregate. (d) If during the Termination Period the employment of the Executive shall terminate by reason of a Nonqualifying Termination, then the Company shall pay to the Executive within 30 days following the Date of Termination, a cash amount equal to the sum of: (1) the Executive's full annual base salary from the Company through the Date of Termination, to the extent not theretofore paid, and (2) any compensation previously deferred by the Executive (together with any interest and earnings thereon) and any accrued vacation pay, in each case to the extent not theretofore paid.

  • Cooperation With Company After Termination of Employment Following termination of Executive’s employment for any reason, Executive shall fully cooperate with the Company in all matters relating to the winding up of Executive’s pending work including, but not limited to, any litigation in which the Company is involved, and the orderly transfer of any such pending work to such other employees as may be designated by the Company.

  • Compensation Upon Termination of Employment If the Executive’s employment hereunder is terminated, in accordance with the provisions of Article III hereof, and except for any other rights or benefits specifically provided for herein to be effective following the Executive’s period of employment, the Company will provide compensation and benefits to the Executive only as follows:

  • Compensation Following Termination of Employment In the event that Executive's employment hereunder is terminated, Executive shall be entitled to the following compensation and benefits upon such termination:

  • Benefits Upon Termination of Employment If the Executive is entitled to benefits pursuant to this Section 2, the Company agrees to pay or provide to the Executive as severance payment, the following: (i) A single lump sum payment, payable in cash within five days of the Termination Date (or if later, the Change of Control Date), equal to the sum of: (A) the accrued portion of any of the Executive's unpaid base salary and vacation through the Termination Date and any unpaid portion of the Executive's bonus for the prior fiscal year; plus (B) a portion of the Executive's bonus for the fiscal year in progress, prorated based upon the number of days elapsed since the commencement of the fiscal year and calculated assuming that 100% of the target under the bonus plan is achieved; plus (C) an amount equal to the Executive's Base Compensation times the Compensation Multiplier. (ii) Continuation, on the same basis as if the Executive continued to be employed by the Company, of Benefits for the Benefit Period commencing on the Termination Date. The Company's obligation hereunder with respect to the foregoing Benefits shall be limited to the extent that the Executive obtains any such benefits pursuant to a subsequent employer's benefit plans, in which case the Company may reduce the coverage of any Benefits it is required to provide the Executive hereunder as long as the aggregate coverages and benefits of the combined benefit plans is no less favorable to the Executive than the Benefits required to be provided hereunder. (iii) Outplacement services to be provided by an outplacement organization of national repute, which shall include the provision of office space and equipment (including telephone and personal computer) but in no event shall the Company be required to provide such services for a value exceeding 17% of the Executive's Base Compensation. (iv) Accelerated vesting of all outstanding stock options and of all previously granted restricted stock awards. (v) Target amounts that would have accrued under the MagneTek Shareholder Return Plan had the applicable period for each such target elapsed, calculated and paid, PRO RATA, for the actual period elapsed.

  • Termination of Employment Severance Your immediate supervisor or the Company's Board of Directors may terminate your employment, with or without cause, at any time by giving you written notice of your termination, such termination of employment to be effective on the date specified in the notice. You also may terminate your employment with the Company at any time. The effective date of termination (the "Effective Date") shall be the last day of your employment with the Company, as specified in a notice by you, or if you are terminated by the Company, the date that is specified by the Company in its notice to you. The following subsections set forth your rights to severance in the event of the termination of your employment in certain circumstances by either the Company or you. Section 5 also sets forth certain restrictions on your activities if your employment with the Company is terminated, whether by the Company or you. That section shall survive any termination of this Agreement or your employment with the Company.

  • Voluntary Termination of Employment If during the Employment Term, Executive terminates his employment under circumstances other than those specified elsewhere in this Section 8, Executive shall be entitled to the payments and benefits specified in Section 8(a).

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