Post-Termination Compensation. Except as provided in Section 5(d) above, upon termination of this Agreement, the Company shall be relieved of all of its obligations hereunder notwithstanding any period of time remaining under the initial or any renewal term, subject to the following:
Post-Termination Compensation. (i) In the event of termination for Cause, the Bank's obligation to compensate Employee ceases on the date of termination except as to the amounts of salary due at that time.
Post-Termination Compensation. Except as provided in Section 5(d) above, upon termination of this Agreement, Employer shall be relieved of all of its obligations hereunder notwithstanding any period of time remaining under the initial or any renewal term, subject to the following:
Post-Termination Compensation. Anything herein to the contrary (other than Section 5.2) notwithstanding, if a notice of termination is given to the Executive pursuant to 5.1(e) or a notice of non-renewal is given to the Executive pursuant to 5.1(a), or a notice of termination is given by the Executive pursuant to 5.4 by reason of a material (a) decrease in base salary (or bonus percentage), (b) change in job description or (c) change in location of employment to a location more than fifty (50) miles from the headquarters of the Company at the date of this Agreement, then the Company will pay the Executive one year's base salary at the rate existing 60 days prior to the date of the notice of termination. The Company will also pay a pro-rata portion of the bonus that would have been paid to the Executive for the year of termination at the time such bonuses are paid to other executives. Such payments shall be considered to be a severance payment and shall relieve the Executive and the Company of all obligations hereunder except that the Executive's covenants in Xxxxxxx 0, 0 xxx 0 xxxxx xx continuing obligations.
Post-Termination Compensation. For a period of twenty-four (24) months following the expiration or termination of this Agreement, Sprint and Sprint Spectrum shall pay RadioShack residual commissions and compensation at the rate and pursuant to the terms set forth on the applicable Addendum in effect on the effective date of termination or expiration of this Agreement.
Post-Termination Compensation. In the event this Agreement is terminated for any reason other than a termination for cause pursuant to Section 15(a)(i), Section 15(a)(ii) or Section 15(a)(iii) where such breach, act of fraud, misappropriation of funds, embezzlement, or event of gross negligence is reasonably determined by a majority of the Independent Directors to materially detriment the Company, from and after the Effective Termination Date, the Company will continue to pay Incentive Compensation in accordance with the terms of this Agreement with respect to all Managed Assets, Scheduled Assets (subject to any Scheduled Asset Addendum that provides otherwise) and Legacy Assets held in the Subsidiaries as of the Effective Termination Date (the “Incentive Tail Assets”), until such time as such Incentive Tail Assets are disposed of by the Company or mature.
Post-Termination Compensation a. Subject to Section 6(b), the Company will:
Post-Termination Compensation. In the event the Executive is terminated by the Company other than for cause, or a notice of termination is given by the Executive pursuant to 5.4 by reason of a material (a) decrease in base salary or (b) change in job description, status or position, (c) diminution of duties or (d) change in location of employment to a location more than fifty miles from the headquarters of the Unit at the date of this Agreement, then the Company will pay the Executive six months base salary at the rate existing 60 days prior to the date of the notice of termination. Such payment shall be considered to be a severance payment and shall relieve the Executive and the Company of all obligations hereunder except that the Executive's covenants in Xxxxxxx 0, 0 xxx 0 xxxxx xx continuing obligations.
Post-Termination Compensation. Following a Disability Termination Date: (i) Employer shall pay to Executive in bi-weekly payments during each Contract 11 Year or partial Contract Year remaining under this Agreement an amount equal to fifty percent (50%) of the Base Salary for such Contract Year or partial Contract Year, and (ii) notwithstanding anything to the contrary contained in Section 7, Executive shall be entitled to retain, for the Contract Year in which the Disability Termination Date occurs, fifty percent (50%) of the Executive Options Executive would have otherwise been entitled to retain, after application of the forfeitures described in Sections 7.3(b)(1) through (4), had Executive been employed by Employer on the last day of the Contract Year in which the Disability Termination Date occurs. Executive Options for 50,000 shares shall be forfeited for the Contract Year subsequent to the Contract Year in which the Disability Termination Date occurs. The benefits required to be paid under this Section 14.5 (beginning with the Base Salary amount) shall be reduced by the amount of any benefits payable to Executive under any group or individual disability insurance plan or policy, the premiums for which are paid by Employer.
Post-Termination Compensation. The Company has structured its employment arrangements with the named executive officers such that it only provides limited post-termination compensation. Except as required under French law for Mr. Xxxxxxxx as discussed below, the Company’s employment agreements with our named executive officers do not contain multi-year or significant lump- sum compensation payouts to a named executive officer upon termination of employment. Similarly, except as described below, the Company has chosen not to contribute to pension or other retirement plans for any of the current named executive officers and does not offer significant deferred cash compensation or other post-employment benefits. Xx. Xxxxxxx became a participant in the Company’s U.S. pension plan prior to assuming a leadership role with the Company. As described under “Pension Benefits for Fiscal 2016” below, the benefits for Xx. Xxxxxxx under this plan were frozen on August 31, 2000.
