Payments on Separation. Executive shall receive the following payments and benefits:
Payments on Separation. On the Separation Date, the UEBV Entities will pay to Executive, in the same percentage split as immediately prior to the Separation Date and otherwise in accordance with the UEBV Entities’ standard and established payroll practices and procedures, Executive’s final payroll and Stay Bonus (provided however, the Stay Bonus will only be included in this final pay if Executive is entitled to the Stay Bonus as set forth in subparagraph 1(g)(iii)), less deduction of appropriate taxes and other customary withholdings. Such final pay (and Stay Bonus, if entitled) shall be given to Executive on the Separation Date, the receipt of which will be acknowledged by Executive in writing upon receipt, or in the absence of such written acknowledgment, shall be acknowledged by accepting and depositing such final pay (and Stay Bonus, if entitled) by Executive. Executive acknowledges and agrees that such final pay (and Stay Bonus, if entitled) represent all compensation, salary, profit sharing, bonuses, commissions and any other payments, benefits or other compensation of any kind to which Executive is entitled. 4.
Payments on Separation. (a) Reduction in Force (RIF). When employees are terminated due to a RIF, the following costs are allowable:
Payments on Separation. In connection with the consummation of the Merger and the Separation, at the Effective Time of the Merger, the Company or Merger Sub shall make the following payments to the Consultant which are required under the Employment Agreement:
Payments on Separation. In connection with his resignation, Xxxxxx shall receive:
Payments on Separation. As soon as practicable, but in no event later than 10 days, following the Separation Date, the Company shall pay to Executive a lump sum payment consisting of (x) a separation payment equal to $20,500,000, (y) $16,500,000 in respect of Executive’s previously earned and awarded fiscal year 2014 annual bonus and (z) a pro-rata bonus for fiscal year 2015 equal to $3,300,000 for service through the Separation Date based on anticipated results, minus applicable federal, state and local tax withholdings in accordance with Executive’s Form W-4 on file with the Company.
Payments on Separation. On or around the Separation Date, UEI will provide Executive with his final compensation payment as set forth in Section 1(d)(ii), minus applicable deductions and withholdings, in accordance with its payroll practices and procedures, payment for any accrued but unused vacation determined in accordance with UEI’s policies and procedures, and payment for any outstanding business expenses as set forth in Section 7. Executive acknowledges and agrees that such payments, along with the other payments and consideration provided herein, represent all compensation, salary, bonuses, commissions, grants, awards, or other payments, benefits, interests, or compensation of any kind to which Executive is or may become entitled.
Payments on Separation. Conditioned on fulfilling his obligations under this Agreement, and offered as consideration for the waiver and release of claims described in Section 6, Bxxxxx shall receive the following payments and benefits:
Payments on Separation. As soon as practicable, but in no event later than 10 days, following the Separation Date, the Company shall pay to Executive a lump sum payment consisting of (x) a separation payment equal to $20,500,000, (y) $16,500,000 in respect of Executive’s previously earned and awarded fiscal year 2014 annual bonus and (z) a pro-rata bonus for fiscal year 2015 equal to $3,300,000 for service through the Separation Date based on anticipated results, minus applicable federal, state and local tax withholdings in accordance with Executive’s Form W-4 on file with the Company. (ii) Warrants. The warrants granted to Executive pursuant to the Harbinger Group Inc. 2014 Warrant Plan (the “Warrant Plan”) and Warrant Agreement, dated March 10, 2014, between the Company and Executive (the “Warrant Agreement”) shall remain outstanding and continue to vest in accordance with, and subject to the terms and conditions set forth in Section 1A(iii) of the Warrant Agreement. Except as expressly provided in the immediately preceding sentence, all other terms and conditions of the Warrant Agreement and Warrant Plan shall remain in effect. (d)
Payments on Separation
