Release Benefits Sample Clauses

Release Benefits. In consideration of the Employee’s willingness to execute this Agreement, which contains certain provisions releasing the Company and other individuals and entities from Claims by the Employee, as more fully set forth below, and contingent upon the satisfaction of the Conditions Precedent set forth in Section 2 below, the Employee will receive the benefits described on Exhibit A-1 to this Agreement. The Employee acknowledges that the Employee is not otherwise entitled to receive the Release Benefits, that the Employee has been paid all wages owed, and that the Release Benefits are being provided by the Company in exchange for the Employee’s execution and non-revocation of this Agreement.

Release Benefits. Provided you sign and do not revoke this Agreement, you will receive the following additional payments and benefits:

Release Benefits. In addition, if you are otherwise eligible for benefits under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”) and you elect to receive those benefits, then ▇▇▇▇▇▇▇▇ will provide you a full subsidy for the premium charged under Meredith’s group health plan through the end of the month following the month you were terminated (“Subsidy Period”). At the conclusion of the Subsidy Period, you shall be responsible for the entire COBRA premium for the remainder of the applicable COBRA continuation period. The Subsidy period shall count toward any period for which ▇▇▇▇▇▇▇▇ is required to offer COBRA coverage to you or your dependents.

Release Benefits. The Release Date shall be Executive's last day of employment with Employer, and Executive shall be entitled to receive the following payments and benefits (collectively, the “Release Benefits”): a. The Severance Benefits as described under the Cboe Global Markets, Inc. (f/k/a CBOE Holdings, Inc.) Executive Severance Plan, as amended and restated effective February 16, 2017 (the “Plan”), which shall be payable in accordance with the terms of the Plan; b. Accelerated vesting in full of any outstanding time-based restricted stock units granted under the Second Amended and Restated Cboe Global Markets, Inc. (f/k/a CBOE Holdings, Inc.) Long-Term Incentive Plan (the “LTIP”) and held by Executive as of the Release Date, in accordance with the terms of each such award agreement; and c. Vesting of a pro-rata portion of any outstanding performance-based restricted stock units granted under the LTIP and held by Executive as of the Release Date, prorated for the portion of the performance period completed upon the Release Date and subject to the attainment of the applicable performance goals through the full performance period, in accordance with the terms of each such award agreement. If Executive’s employment terminates prior to the Release Date for any reason, this Agreement shall terminate and, in lieu of the Release Benefits, Executive shall be entitled to receive any benefits under the Plan as may be applicable given the nature of Executive’s termination of employment.

Release Benefits. Provided you sign and do not revoke this Agreement and also sign, return and do not revoke the Waiver and Release of Claims attached as Exhibit A, you will receive the following additional payments and benefits: (1) You will receive release payments in the aggregate amount of Seven Hundred Fifty Five Thousand ($755,000), subject to all usual and applicable taxes and deductions, payable consistent with past practices, as follows: (i) $225,000 on February 15, 2016; and (ii) $530,000 in equal installments (of $25,238.10 each month) over the period beginning April 1, 2016 and ending December 31, 2017. (2) The FVE Board of Directors will agree, and RMR will recommend to the Board of Directors and Trustees of Government Properties Income Trust, Hospitality Properties Trust, Senior Housing Properties Trust, Select Income REIT, and TA (collectively, the “Companies”), that all of your existing stock grants (including the stock awards set forth in Paragraph B) continue to vest under the same vesting schedule as if your employment continued throughout the vesting period (as set forth in your Restricted Share Agreements) or that all of your existing stock grants immediately vest, as you elect. You agree that, as long as you own shares in the Companies, your shares shall be voted at any meeting of the shareholders of the Companies or in connection with any consent solicitation or other action by shareholders in favor of all nominees for director and all proposals recommended by the Board of Directors or Trustees in the proxy statement for such meeting or materials for such written consent or other action. If your shares are not voted in accordance with this covenant and such failure continues after notice, you agree to pay liquidated damages to the applicable Company in an amount equal to the market value of the shares not voted as requested. Only if you do not execute or you exercise your right to revoke this Agreement and the Waiver and Release of Claims attached as Exhibit A, the Companies may exercise their respective rights to purchase unvested shares or unvested shares will be forfeited, as may be provided in each of your Restricted Share Agreements and you agree to cooperate and assist in the execution of any documents, or to take other steps in connection therewith. You understand and agree that, although the FVE and RMR Code of Business Conduct and Ethics will no longer apply to you after the Separation Date, you are subject to all laws and regulations with re...