Retention and Severance Benefits For Early Retirement Date Accelerated By The Company Sample Clauses

Retention and Severance Benefits For Early Retirement Date Accelerated By The Company. Notwithstanding the foregoing, you will be eligible for the full Retention and Severance Benefits (without any prorating due to less than full achievement of the Achievement Based deliverables) if the Company accelerates the Retirement Date prior to August 1, 2012 for any reason other than your material breach of this Agreement, your material breach of the Confidential Information Agreement, or due to any other reason that qualifies as “Cause” under the Severance Plan, provided that the other conditions for receipt of the Retention and Severance Benefits set forth in this Agreement are satisfied. You will not be eligible for any amount of the Retention and Severance Benefits if (A) the Company accelerates the Retirement [ * ] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended. February 13, 2012 Xxx X. Love, M.D. Date due to your material breach of this Agreement, your material breach of the Confidential Information Agreement, or any other reason that qualifies as “Cause” under the Severance Plan, or (B) you accelerate the Retirement Date.
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Related to Retention and Severance Benefits For Early Retirement Date Accelerated By The Company

  • Other Termination Benefits In addition to any amounts or benefits payable upon a Termination of Employment hereunder, Executive shall, except as otherwise specifically provided herein, be entitled to any payments or benefits provided under the terms of any plan, policy or program of the Company in which Executive participates or as otherwise required by applicable law.

  • Termination Benefits (a) If Executive’s employment is voluntarily (in accordance with Section 2(a) of this Agreement) or involuntarily terminated within two (2) years of a Change in Control, Executive shall receive:

  • Supplemental Retirement Benefits The terms and conditions for the payment of supplemental retirement benefits are set forth in a separate written agreement between the parties.

  • Change in Control Benefits Agreement shall mean any separate agreement between Participant and the Corporation which provides Participant with special vesting acceleration and/or other special benefits with respect to one or more awards of restricted stock units made to Participant for shares of Common Stock, including (to the extent applicable) the restricted stock units evidenced by this Agreement, in the event of a change in control or ownership of the Corporation (whether or not constituting a Change in Control hereunder).

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

  • Change in Control Benefit If a Change in Control occurs followed within twenty-four (24) months by Separation from Service prior to Normal Retirement Age, the Bank shall distribute to the Executive the benefit described in this Section 2.4 in lieu of any other benefit under this Article.

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

  • Normal Retirement Benefits A Participant shall be entitled to receive the balance held in his or her account upon attaining his or her Normal Retirement Age or at such earlier dates as the provisions of this Article VI may permit. If a Participant elects to continue working past his or her Normal Retirement Age, he or she will continue as an active Participant. Unless the Employer elects otherwise in the Adoption Agreement, distribution shall be made to such Participant at his or her request prior to his or her actual retirement. Distribution shall be made in the normal form, or if elected, in one of the optional forms of payment provided below.

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