Retirement Payments and Benefits Sample Clauses

Retirement Payments and Benefits. IBC agrees to provide Mr. Van Loan with the following retirement benefits. The provision of each of these benefits is contingent on Mr. Van Loan signing, not revoking, and abiding by this Agreement and the attached ADEA Waiver. The Company will not be obligated to provide any benefits until after the seven-day revocation period set forth in the ADEA Waiver has expired.
Sample 1
AutoNDA by SimpleDocs
Retirement Payments and Benefits. Tower Automotive agrees to provide Xx. Xxxxxxxx with the following retirement benefits. The provision of each of these benefits is contingent on Xx. Xxxxxxxx signing, not revoking, and abiding by this Agreement and the attached ADEA Waiver. The Company will not be obligated to provide any benefits until after the seven-day revocation period set forth in the ADEA Waiver has expired.
Sample 1
Retirement Payments and Benefits. Subject to compliance with the terms, provisions, and conditions of this Agreement, the Associate shall receive total retirement payments and other benefits as described below. The Associate agrees and acknowledges that if the Associate voluntarily resigns from employment or is terminated from employment as the result of the Associate’s violation of any Walmart policies or for just cause prior to the Retirement Date, he will not be entitled to the payments, accelerated equity vesting, or other benefits described in this Section 3 or for damages in lieu thereof or for any loss of opportunity relating thereto. None of the payments, accelerated equity vesting or other benefits described in this Section 3 are due, payable or earned until the Retirement Date.
Sample 1
Retirement Payments and Benefits. In consideration for your service to the Company and its affiliates through the Retirement Date (subject to Section 2(g)) and your compliance with the terms of this Agreement, specifically including the timely execution and non-revocation of the Release (as defined in and consistent with Section 4) and the restrictive covenants set forth or referenced herein, you shall be entitled to the payments and benefits set forth below:
Sample 1
Retirement Payments and Benefits. Without admission of any liability, fact or claim, the Company hereby agrees, subject to this Agreement becoming effective and irrevocable within forty-five days following the Retirement Date and continued compliance with the terms and conditions of the Proprietary Information and Inventions Agreement entered into between Executive and the Company (the “Confidentiality Agreement”), to provide Executive the severance benefits set forth below. Specifically, the Company and Executive agree as follows:
Sample 1
Retirement Payments and Benefits. The retirement payments and benefits specified in this Section 3 are contingent upon your execution of the General Release of Claims attached as Exhibit A hereto (the “General Release”) no earlier than the Retirement Date and it becoming effective pursuant to its terms (the “Release Effective Date”), and your continued compliance with the covenants contained in the Corporate Disclosure Policy executed by you on May 27, 2015 and the Technology Usage and Confidentiality Policy executed by you on September 19, 2014 (together, the “Confidentiality Agreements”). You agree that the only severance payments and benefits that you are entitled to receive from the Company in the future are those specified in this Agreement. Subject to the General Release becoming effective pursuant to its terms and your compliance with the above, in addition to the payments specified in Section 2:
Sample 1
Retirement Payments and Benefits. The Executive shall be entitled to the following payments and benefits from the Company: (i) continued payment of Executive's base salary, at the annual rate of $1,292,400 through the Retirement Date; (ii) a pro-rata share through the Retirement Date of the 2005 bonus eligible to be paid to the new Chief Executive Officer of the Company as a result of operations during 2005, determined at the end of fiscal year 2005 in accordance with the Company's Management Incentive Compensation Plan and which is payable in February 2006; (iii) a lump-sum cash payment equal to $2,500,000, payable on the Retirement Date; and (iv) continued medical insurance coverage, at the Company's expense, for eighteen (18) months following the Retirement Date. In order to facilitate such continued medical coverage, the Executive agrees to elect continuation coverage in accordance with the provisions of the Consolidated Omnibus Budget Reconciliation Act of 1986, as amended ("COBRA Coverage") and the Company may satisfy its obligations hereunder by paying all of the premiums required for such COBRA Coverage.
Sample 1
AutoNDA by SimpleDocs
Retirement Payments and Benefits. In consideration and recognition of past services rendered and in exchange for Mr. von Hörde's promises and obligations herein and as payment in full of the amounts to which Mr. von Hörde is entitled from MEMC under any plan of MEMC in which Mr. von Hörde is a participant, including without limitation the MEMC 2001 Annual Incentive Plan, any 2002 bonus or incentive compensation plan adopted by MEMC, the MEMC Supplemental Executive Pension Plan, and/or under any employment agreement with MEMC to which Mr. von Hörde is a party, including the Employment Agreement between Mr. von Hörde and MEMC effective as of April 1, 1998 (the "April 1, 1998 Employment Agreement") and the Employment Agreement between Mr. von Hörde and MEMC effective as of February 17, 1999 (the "February 17, 1999 Employment Agreement" and, together with the April 1, 1998 Employment Agreement, the "Employment Agreements"), so long as Mr. von Hörde submits this Agreement, properly executed, to MEMC on or before May 21, 2002, and adheres to the promises and agreements set out in this Agreement, MEMC shall provide the following to Mr. von Hörde:
Sample 1
Retirement Payments and Benefits 
Sample 1Sample 2Sample 3See All (4)

Related to Retirement Payments and Benefits

  • Separation Payments and Benefits Without admission of any liability, fact or claim, the Company hereby agrees, subject to Executive’s timely execution and non-revocation hereof and Executive’s compliance with Executive’s obligations pursuant to this Agreement and the Surviving Provisions, to provide Executive the severance payments and benefits set forth below:

  • Severance Payments and Benefits For purposes of this Agreement, the term "Severance Payments and Benefits" shall mean:

  • Termination Payments and Benefits Regardless of the circumstances of the Executive’s termination, Executive shall be entitled to payment when due of any earned and unpaid base salary, expense reimbursements and vacation days accrued prior to the termination of Executive’s employment, and other unpaid vested amounts or benefits under Company retirement and health benefit plans, and, as applicable, under Equity Agreements in accordance with their terms, and to no other compensation or benefits.

  • Payments and Benefits Subject to the terms and conditions of this Agreement, if the Executive’s employment is terminated during the Term of this Agreement and before a Change in Control (A) by the Company for a reason other than for Cause or (B) by the Executive for Good Reason, the Executive shall be entitled to:

  • Severance Payments; Salary and Benefits The Company agrees to provide Executive with the severance payments and benefits described in Section 4(b) [and Section 4(c)] of the Employment Agreement, payable at the times set forth in, and subject to the terms and conditions of, the Employment Agreement. In addition, to the extent not already paid, and subject to the terms and conditions of the Employment Agreement, the Company shall pay or provide to Executive all other payments or benefits described in Section 3(c) of the Employment Agreement, subject to and in accordance with the terms thereof.

  • 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.

  • Additional Payments and Benefits The Executive shall also be entitled to:

  • 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).

  • Accrued Compensation and Benefits Notwithstanding anything to the contrary in Section 2 and 3 above, in connection with any termination of employment upon or following a Change in Control (whether or not a Qualifying Termination or CIC Qualifying Termination), the Company or its subsidiary shall pay Executive’s earned but unpaid base salary and other vested but unpaid cash entitlements for the period through and including the termination of employment, including unused earned vacation pay and unreimbursed documented business expenses incurred by Executive prior to the date of termination (collectively “Accrued Compensation and Expenses”), as required by law and the applicable Company or its subsidiary, as applicable, plan or policy. In addition, Executive shall be entitled to any other vested benefits earned by Executive for the period through and including the termination date of Executive’s employment under any other employee benefit plans and arrangements maintained by the Company or its subsidiary, as applicable, in accordance with the terms of such plans and arrangements, except as modified herein (collectively “Accrued Benefits”). Any Accrued Compensation and Expenses to which the Executive is entitled shall be paid to the Executive in cash as soon as administratively practicable after the termination, and, in any event, no later than two and one-half (2-1/2) months after the end of the taxable year of the Executive in which the termination occurs or at such earlier time as may be required by applicable law or Section 10 below, and to such lesser extent as may be mandated by Section 9 below. Any Accrued Benefits to which the Executive is entitled shall be paid to the Executive as provided in the relevant plans and arrangements.

  • Separation Pay and Benefits Specifically in consideration of your signing this Agreement and subject to the limitations, obligations, and other provisions contained in this Agreement, the Company agrees as follows:

Time is Money Join Law Insider Premium to draft better contracts faster.