Receipt of All Prior Pay and Benefits Due; No Injuries Sample Clauses

Receipt of All Prior Pay and Benefits Due; No Injuries. Employee agrees that, as of the date he signs this Release, the Company does not owe him any further compensation, remuneration, overtime payments, bonuses, incentives, benefits, severance, commissions, or other employment payments of any kind whatsoever other than as set forth in the Agreement, the Stock Option Agreement, for compensation and benefits to the extent a Company payroll after the Release Effective Date covers a period prior to the Separation Date or Company policies in effect at the time of this Release as related to accrued, unused paid time off. Employee warrants that he has not suffered any work-related injuries, has not contracted any known occupational diseases, and has been provided all family, medical and other benefits to which he was ever entitled.
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Receipt of All Prior Pay and Benefits Due; No Injuries. Employee agrees that he/she has previously reported to the Company all of his/her hours worked and that, as of the date he/she signs this Agreement, the Company does not owe Employee any further compensation, remuneration, overtime payments, bonuses, incentives, benefits, severance, commissions, or other employment payments of any kind whatsoever. In the event Employee has any Incentive Stock Options that vested prior to the Separation Date, Employee should refer to his/her Incentive Stock Option Agreement for specific instructions and details regarding any such “vested” Incentive Stock Options. Finally, Employee warrants that he/she has not suffered any work-related injuries, has not contracted any known occupational diseases, and has been provided all family, medical, and other benefits to which he/she was ever entitled.
Sample 1
Receipt of All Prior Pay and Benefits Due; No Injuries. Employee agrees that, as of the date he signs this Agreement, the Company does not owe him any further compensation, remuneration, overtime payments, bonuses, incentives, benefits, severance, commissions, or other employment payments of any kind whatsoever other than as set forth in the Agreement, the Stock Option Agreements, or Company policies in effect at the time of this agreement as related to accrued, unused paid time off and other than for wages, and benefits for the period covered by the next Company payroll (to the extent it covers periods prior to the date he signs this Agreement) and all Company payrolls covering periods through the Separation Date (even if such payrolls extend beyond the Separation Date) and 401k matches to the extent not deposited by the Company. Employee warrants that he has not suffered any work-related injuries, has not contracted any known occupational diseases, and has been provided all family, medical and other benefits to which he was ever entitled.
Sample 1
Receipt of All Prior Pay and Benefits Due; No Injuries. Employee agrees that he/she has previously reported to the Company all of his/her hours worked and that, as of the date he/she signs this Agreement, the Company does not owe her any further compensation, remuneration, overtime payments, bonuses, incentives, benefits, severance, commissions, or other employment payments of any kind whatsoever other than those available under the Company’s policies in effect at the time of this agreement as related to accrued, unused paid time off. Employee also agrees that the Company and its current and former parents, subsidiaries, and affiliates do not owe Employee any stock or stock options, that any stock options Employee may have been granted by the Company that did not vest and are terminated, and that Employee is not entitled to any stock, stock options, or compensation of any kind pursuant to any stock option plan of the Company. Employee should refer to their Incentive Stock Option Agreement for specific instructions and details regarding “vested” Incentive Stock Options. Finally, Employee warrants that he/she has not suffered any work-related injuries, has not contracted any known occupational diseases, and has been provided all family, medical and other benefits to which he/she was ever entitled.
Sample 1
Receipt of All Prior Pay and Benefits Due; No Injuries. Employee agrees that, as of the date he signs this Agreement, the Company does not owe him any further compensation, remuneration, overtime payments, bonuses, incentives, benefits, severance, commissions, or other employment payments of any kind whatsoever other than as set forth in the Agreement, the Stock Option Agreement, or Company policies in effect at the time of this agreement as related to accrued, unused paid time off, other than: (a) for wages earned, and benefits accrued, through the Separation Date that have not been paid as of the Separation Date; (b) 401k matches accrued through the Separation Date to the extent not deposited by the Company; and (c) payments earned under the 2017 Sales Incentive Plan in the amounts of $12,500 for 92% attainment of quarterly forecast for the fourth quarter of 2017, and $20,000 for total year booking quota in excess of $20,500,000, which will be paid in January 2018. The payments described in clauses Section 5 (a), (b) and (c) will be paid whether or not Employee enters into this Agreement or timely revokes this Agreement. Employee warrants that he has not suffered any work-related injuries, has not contracted any known occupational diseases, and has been provided all family, medical and other benefits to which he was ever entitled.
Sample 1

Related to Receipt of All Prior Pay and Benefits Due; No Injuries

  • Events Relating to Plans and Benefit Arrangements Any of the following occurs: (i) any Reportable Event, which the Agent determines in good faith constitutes grounds for the termination of any Plan by the PBGC or the appointment of a trustee to administer or liquidate any Plan, shall have occurred and be continuing; (ii) proceedings shall have been instituted or other action taken to terminate any Plan, or a termination notice shall have been filed with respect to any Plan; (iii) a trustee shall be appointed to administer or liquidate any Plan; (iv) the PBGC shall give notice of its intent to institute proceedings to terminate any Plan or Plans or to appoint a trustee to administer or liquidate any Plan; and, in the case of the occurrence of (i), (ii), (iii) or (iv) above, the Agent determines in good faith that the amount of the Borrower's liability is likely to exceed 10% of its Consolidated Tangible Net Worth; (v) the Borrower or any member of the ERISA Group shall fail to make any contributions when due to a Plan or a Multiemployer Plan; (vi) the Borrower or any other member of the ERISA Group shall make any amendment to a Plan with respect to which security is required under Section 307 of ERISA; (vii) the Borrower or any other member of the ERISA Group shall withdraw completely or partially from a Multiemployer Plan; (viii) the Borrower or any other member of the ERISA Group shall withdraw (or shall be deemed under Section 4062(e) of ERISA to withdraw) from a Multiple Employer Plan; or (ix) any applicable Law is adopted, changed or interpreted by any Official Body with respect to or otherwise affecting one or more Plans, Multiemployer Plans or Benefit Arrangements and, with respect to any of the events specified in (v), (vi), (vii), (viii) or (ix), the Agent determines in good faith that any such occurrence would be reasonably likely to materially and adversely affect the total enterprise represented by the Borrower and the other members of the ERISA Group;

  • Payment and Benefits In consideration of the promises made in this Release, Employer has agreed to pay Executive the benefits as provided in that certain employment agreement made and entered into as of _________________________, by and between the Parties (the “Employment Agreement”). Executive understands and acknowledges that the benefits described in this Section 2 constitute benefits in excess of those to which Executive would be entitled without entering into this Release. Executive acknowledges that such benefits are being provided by Employer as consideration for Executive entering into this Release, including the release of claims and waiver of rights provided in Section 3 of this Release.

  • Certain Benefits Executive will be eligible to participate in all employee benefit programs established by Employer that are applicable to management personnel such as medical, pension, disability and life insurance plans on a basis commensurate with Executive’s position and in accordance with Employer’s policies from time to time, but nothing herein shall require the adoption or maintenance of any such plan.

  • Compensation and Benefit Plans 3.01. For all services rendered by the Executive to the Company in any capacity during the Period of Employment and any subsequent period of employment prior to the Involuntary Termination of Executive, including, without limitation, services as an executive officer, director or member of any committee of Mykrolis or of any subsidiary, division or affiliate thereof, the Executive shall be paid: (a) base compensation equal to the salary he is receiving immediately prior to the beginning of the Period of Employment, payable not less often than monthly. (b) the executive shall continue to be a participant in the Mykrolis Incentive Plan, and its 2001 Equity Incentive Plan as in effect immediately prior to the beginning of the Period of Employment, and any and all other incentive plans in which key employees of the Company participate that are in effect. (c) the Executive, his dependents and beneficiaries shall be entitled to all payments and benefits and service credit for benefits during the Period of Employment to which officers of Mykrolis, their dependents and beneficiaries are entitled immediately prior to the beginning of the Period of Employment under the terms of the then effective employee plans and practices of Mykrolis. 3.02. For the two year period commencing immediately after the Period of Employment, the Executive and his family shall be entitled to and receive all medical, dental and life insurance benefits to which they had been entitled immediately prior to the beginning of the Period of Employment. Notwithstanding the foregoing, to the extent the relevant Company plans or policies preclude the provision of the benefits outlined above to Executive following his/her termination from the Company, the Company shall, at its option, separately provide Executive with substantially equivalent benefits at the Company’s expense or provide Executive with a lump sum cash payment approximating, in the good faith judgment of the Board, the value of such benefits. 3.03. In consideration of the benefits provided under this Agreement, Executive expressly waives the application to Executive of the provisions of Section 7(a) of the 2001 Equity Incentive Plan and of Subsection 7.7.3 of the 2003 Employment Inducement and Acquisition Stock Option Plan relating to the acceleration of stock option and restricted stock awards and agrees that the provisions of Section 4.03 of this Agreement shall supersede such provisions.

  • ’ Compensation and Employer’s Liability Workers’ Compensation limits as required by the Labor Code of the State of California. Employer’s Liability limits of $1,000,000 per accident for bodily injury or disease.

  • No Other Severance Benefits Except as specifically set forth in this Agreement, the Employee covenants and agrees that he shall not be entitled to any other form of severance benefits from the Company, including, without limitation, benefits otherwise payable under any of the Company's regular severance policies, in the event his employment hereunder ends for any reason and, except with respect to obligations of the Company expressly provided for herein, the Employee unconditionally releases the Company and its subsidiaries and affiliates, and their respective directors, officers, employees and stockholders, or any of them, from any and all claims, liabilities or obligations under this Agreement or under any severance or termination arrangements of the Company or any of its subsidiaries or affiliates for compensation or benefits in connection with his employment or the termination thereof.

  • No Impact on Other Benefits The value of the Participant’s Option is not part of his or her normal or expected compensation for purposes of calculating any severance, retirement, welfare, insurance or similar employee benefit.

  • Other Payments and Benefits On any termination of employment, including, without limitation, termination due to the Employee’s death or Disability (as defined in Section 10) or for Cause, the Employee shall receive any accrued but unpaid salary, reimbursement of any business or other expenses incurred prior to termination of employment but for which the Employee had not received reimbursement, and any other rights, compensation and/or benefits as may be due the Employee in accordance with the terms and provisions of any agreements, plans or programs of the Company (but in no event shall the Employee be entitled to duplicative rights, compensation and/or benefits).

  • Compensation Other Than Severance Payments 4.1 If the Executive’s employment shall be terminated for any reason following a Change in Control, the Company shall pay the Executive’s full salary to the Executive through the Date of Termination at the rate in effect immediately prior to the Date of Termination or, if Section 18(n)(ii) is applicable as an event or circumstance constituting Good Reason, the rate in effect immediately prior to such event or circumstance, together with all compensation and benefits payable to the Executive through the Date of Termination under the terms of the Company’s compensation and benefit plans, programs or arrangements as in effect immediately prior to the Date of Termination (or, if more favorable to the Executive, as in effect immediately prior to the first occurrence of an event or circumstance constituting Good Reason). In addition, if the Executive’s employment is terminated for any reason following a Change in Control other than (a) by the Company for Cause and (b) by the Executive without Good Reason, then the Company shall pay a pro-rata portion of the Executive’s annual bonus for the performance year in which such termination occurs to the Executive on the later of (x) the date that annual bonuses are generally paid to other senior executives and (y) the date that is the first business day after the date that is six months after the Date of Termination. This pro-rata bonus shall be determined by multiplying the amount the Executive would have received based upon actual financial performance through such termination, as reasonably determined by the Company, by a fraction, the numerator of which is the number of days during such performance year that the Executive is employed by the Company and the denominator of which is 365. 4.2 If the Executive’s employment shall be terminated for any reason following a Change in Control, the Company shall pay to the Executive the Executive’s normal post-termination compensation and benefits as such payments become due. Such post-termination compensation and benefits shall be determined under, and paid in accordance with, the Company’s retirement, insurance and other compensation or benefit plans, programs and arrangements as in effect immediately prior to the Date of Termination or, if more favorable to the Executive, as in effect immediately prior to the occurrence of the first event or circumstance constituting Good Reason.

  • Termination of Employment and Severance Benefits The Executive’s employment hereunder shall terminate under the following circumstances:

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