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.
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:
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:
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.
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.
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:
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.
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:
Retirement Payments and Benefits
