Payments and Benefits during Notice Period Sample Clauses

Payments and Benefits during Notice Period. During the Notice Period, and provided that you continue to be employed by the Company, the Company will pay to you your accrued and unpaid Base Salary through the Termination Date and an amount equal to such reasonable and necessary unreimbursed business expense incurred by you on behalf of the Company on or prior to the Termination Date, with such reimbursement being made not later than two and one half months after the end of the calendar year in which the expense was incurred, and will afford you all the employee benefits to which you may be entitled under, and in accordance with the terms of, all employee benefit plans in which you participate. For the avoidance of doubt, you and the Company acknowledge that during the Notice Period you will not be entitled to any award of Restricted Shares. You acknowledge and affirm that because of your Voluntary Resignation, and notwithstanding any provision of the Employment Agreement, you will not be entitled to any Annual Bonus for 2010, and that the amounts paid hereunder shall be in lieu of any Annual Bonus for 2010.

Payments and Benefits during Notice Period. During the Notice Period, and provided that you are in compliance with your obligations hereunder: a) The Company will continue to pay your annual base salary of $565,000 pursuant to the Company’s customary payroll practices. b) You will be eligible to participate in or receive benefits under any 401(k) savings plan, medical and dental benefits plan, life insurance plan, short-term and long-term disability plans, supplemental and/or incentive compensation plans, or any other employee benefit or fringe benefit plan, generally made available by the Company to senior executives in accordance with the eligibility requirements of such plans. c) You will be entitled to twenty-five (25) days of paid vacation in 2017 (prorated for any partial year of employment), subject to the applicable vacation policies and procedures on usage and carry over plus two (2) personal days. d) The Company will reimburse you for all reasonable business expenses incurred by you in the course of performing your duties under this Agreement which are consistent with the Company’s policies in effect from time to time with respect to travel, entertainment and other business expenses, subject to the Company’s requirements with respect to reporting and documentation of expenses. e) You will continue to vest in any unvested restricted share units previously awarded to you by the Company or Parent that vest during the Notice Period in accordance with the terms of the applicable award agreements.

Payments and Benefits during Notice Period. During the Notice Period, and provided that you are in compliance with your obligations under the Employment Agreement and hereunder, the Company will pay to you your accrued and unpaid base salary through the Departure Date and an amount equal to such reasonable and necessary unreimbursed business expenses incurred by you on behalf of the Company on or prior to the Departure Date (provided that such reimbursements must be requested not later than ninety days after the expense was incurred) and will afford you all the employee benefits to which you may be entitled under, and in accordance with the terms of, the employee benefit plans in which you participate. Any unvested restricted shares or restricted share units previously awarded to you by the Company that vest during the Notice Period will continue to vest in accordance with the terms of the applicable award agreements.