Payments and Consideration. In consideration for Executive's execution of this Agreement, and subject to the fulfillment of all of its terms and conditions by Executive, and provided Executive has not exercised his right of revocation as described in Article 13, Company shall pay Executive the amounts described below, less all applicable taxes and other lawful withholdings, as follows:
Payments and Consideration. (a) You will be paid all unpaid wages earned as of the Separation Date, and for all accrued but unused vacation through the Separation Date, regardless of whether you sign this Agreement. In addition, you will continue to be paid your Base Salary (as defined in the Employment Agreement) in accordance with normal payroll procedures up to and including the Separation Date. You will also remain eligible for your 2016 bonus described in subsection 1.4.2 of the Employment Agreement and as payable under the terms of the Employment Agreement, notwithstanding the fact that the date for calculating and paying such bonus will be after the Separation Date. You acknowledge that these amounts are all of the amounts owed to you by the Company as wages, bonuses and compensation through the Separation Date. As of the Separation Date, you are not to hold yourself out as an employee, agent, or authorized representative of Company, or to negotiate or enter into any agreements on behalf of the Company, or to otherwise attempt to bind the Company, except in accordance with and as related to your position as a member of the Board.
Payments and Consideration. (a) Employee will be paid, at Employee's regular rate of pay, for all hours worked and for accrued but unused vacation through the Termination Date, regardless of whether Employee signs this Agreement. Employee will be paid in accordance with normal payroll procedures, less all applicable deductions and withdrawals. Employee acknowledges that these amounts are all of the amounts owed to the Employee by Company through the Termination Date. As of the Termination Date, Employee is not to hold Employee out as an employee, agent, or authorized representative of Company, or to negotiate or enter into any agreements on behalf of Company, or to otherwise attempt to bind Company.
Payments and Consideration a. On Employment Termination Date, separately from this Agreement, the Company has paid to Executive unconditionally all wages earned One Hundred and Seventy-Four Thousand ($174,000) through Employment Termination Date. Executive acknowledges that such amount has been received by the Executive or on his behalf in consideration for services rendered under the First Employment Agreement and Second Employment Agreement.
Payments and Consideration. The Company agrees to the conditions set forth below only if the Employee successfully transitions his responsibilities and remains an employee of Company through December 31, 2008 or if the Company terminates Employee without cause prior to December 31, 2008:
Payments and Consideration. You shall be entitled to compensation, benefits, and consideration from the Company in accordance with this Section 2.
Payments and Consideration. Confidential Severance Agreement and General Release January 27, 2023
Payments and Consideration. If Xxxxxx signs and does not rescind this Agreement, the Company will continue Xxxxxx’ regular compensation for a period of five (5) months (the “Severance”) from the Commencement Date until September 30, 2005 (the “Severance Period”). The Severance paid to Xxxxxx by Company shall be payable in monthly installments in an amount equal to Xxxxxx’ current monthly salary and shall be tendered in accordance with the established pay periods and practices under which the Parties have previously operated. For one year following the Commencement Date, Xxxxxx shall have the continued use of his existing or a similar office designated by the Company at the Sheridan Center property in Denver, Colorado, at no charge to Xxxxxx. Xxxxxx shall be entitled to claim COBRA benefits as may be permitted by law, at Xxxxxx’ sole cost and expense.
Payments and Consideration. Xxxxxxxxx’x regular compensation (“severance”) will continue for a period of twelve months from the commencement date (“severance period”). The severance paid to Xxxxxxxxx by Company shall be payable monthly at Xxxxxxxxx’x current monthly salary, and shall be tendered in accordance with the established pay periods under which the Parties have previously operated. During the severance period, Xxxxxxxxx shall, also, receive the following: i) the same insurance and other benefits that are payable to other corporate executives, including health, dental and vision insurance and 401K plan participation; ii) an office and executive suite services at the Xxxxxxx Executive Suites in Littleton, Colorado, at no charge to Xxxxxxxxx; and iii) outplacement or recruiting assistance, not to exceed $10,000.00, to assist Xxxxxxxxx during this transition, if requested by Xxxxxxxxx. Upon the expiration of the severance period, Xxxxxxxxx shall be entitled to claim COBRA benefits as may be permitted, at his sole cost and expense.
Payments and Consideration. In consideration for Employee entering into this Agreement and the release contained herein, Youbet agrees to the following:
