Rights and Payments Upon Termination. The Executive’s right to compensation and benefits for periods after the date on which his employment with the Company terminates for whatever reason (the “Termination Date”), shall be determined in accordance with this Section 6 as follows:
Rights and Payments Upon Termination. Executive's right to benefits ------------------------------------ and payments, if any, for periods after the date on which Executive's employment with the Company and its affiliates terminates for any reason (the "Termination Date") shall be determined in accordance with this paragraph 4:
Rights and Payments Upon Termination. Either party may terminate Executive’s employment under this Agreement pursuant to the terms and conditions of this Section 6. Subject to Section 7 below, Executive’s right to benefits and payments, if any, for periods after the Termination Date shall be determined in accordance with this Section 6:
Rights and Payments Upon Termination. The Executive’s right to benefits and payments, if any, for periods after the Executive’s Termination Date shall be determined in accordance with this Section 5. Additionally, a signed Agreement and Release will be required of the Executive before payments will be made to the Executive under this agreement.
Rights and Payments Upon Termination. The Employee's right to benefits and payments, if any, for periods after the date on which his employment with the Company terminates for any reason (his "Termination Date") shall be determined in accordance with this Paragraph 4:
Rights and Payments Upon Termination. The Executive's right to benefits and payments, if any, for periods after the date on which his employment with the Company terminates for any reason (his "Termination Date") shall be determined in accordance with this Section 4:
4.1. Termination by the Company for Reasons Other Than Cause; Termination by the Executive for Good Reason. If the Executive's termination by the Company occurs for any reason other than Cause or is a result of the Executive's termination of employment for Good Reason (and is not on account of the Executive's death, disability, or voluntary resignation, the mutual agreement of the parties or any other reason), then the Executive shall receive from the Company for the period commencing on his termination Date and ending on the earliest of;
4.1.1. the thirty-sixth month after the Executive's Termination Date;
4.1.2. the date on which the Executive violates the provisions of Sections 5, 6 or 7 of this Agreement; or
4.1.3. the date of the Executive's death, the Salary, bonus and benefits in effect as of his Termination Date, payable in accordance with the provisions of Paragraph 3.
4.2. The monthly Fee amounts will continue as described above. Benefits that will continue will include medical, dental, basic life insurance, financial counselling services, any optional life insurance and any optional accidental death and dismemberment insurance. Bonus shall mean three payments of the average annual amount of the award paid to the Executive pursuant to the annual incentive plan or successor plan with respect to the three years immediately preceding that in which the Termination Date occurs; excluding any years in which the bonus was zero. If all three immediately preceding bonus payments were equal to zero, then no bonus payment would be continued for the next three years.
4.2.1. Fee payments to the Executive during the aforementioned thirty-six month period shall not preclude the Executive's eligibility for payments under the Company’s severance plan if any.
4.2.2. All existing unvested options as of the Termination Date will become vested and the Executive shall be afforded a 36-month extension period of time (but not beyond the original Termination Date of the option) from the Termination Date to exercise any remaining unexercised options that had not expired before the Termination Date.
4.2.3. It is expected that the Executive would have an opportunity to exercise said options in a cashless exchange from the first window period (post ...
Rights and Payments Upon Termination. Employee’s right to compensation and benefits for periods after the Employment Termination Date shall be determined in accordance with this Section 4, as follows:
Rights and Payments Upon Termination. In connection with Executive’s termination from Company, regardless of the reason, Executive shall be entitled to the Minimum Payments, in addition to any payments or benefits to which Executive may be entitled under the express terms of any executive benefit plan or as required by law. Any payments to be made to Executive pursuant to this Section 4 shall be made in accordance with Company's customary policies and normal payroll practices.
Rights and Payments Upon Termination. (a) Executive’s right to benefits and payments, if any, upon the effective date of the termination of Executive’s employment with the Company and all other members of the Company Group (the “Termination Date”) shall be determined in accordance with this Section 5.
(b) Executive’s employment with the Company Group may be terminated (1) due to Executive’s death or Disability, (2) by the Company at any time, for any reason or no reason, with or without Cause (as defined below), (3) by Executive other than for Good Reason (as defined below), provided Executive provides the Company at least ninety (90) days prior written notice of his intention to terminate, (4) by Executive with Good Reason (as defined below), or (5) as a result of either party’s non-extension of the Employment Period (which, for the avoidance of doubt, shall not be considered a termination by the Company without Cause or a termination by Executive without Good Reason). If Executive’s Termination Date occurs for any reason, Executive shall be entitled to: (i) any unpaid Annual Base Salary under Section 4(a) hereof for any period prior to the Termination Date; (ii) any accrued but unpaid benefits under Section 4(c) hereof for any period prior to the Termination Date; and (iii) any accrued but unused vacation under Section 4(d) for any period prior to the Termination Date to the extent provided for under the Company’s policies (with (i), (ii) and (iii) herein collectively referred to as “Accrued Payments”)). Except as set forth in Section 5(c) below or as otherwise expressly set forth herein, Executive shall not be entitled to receive any payments or benefits under this Agreement for periods after Executive’s Termination Date and the Company shall have no obligation to make any additional payments or provide any other benefits for periods after Executive’s Termination Date (except as may otherwise be required under the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended, other applicable law or the express terms of an employee benefit plan).
(c) If Executive’s Termination Date occurs by reason of termination by the Company without Cause or termination by the Executive for Good Reason, in addition to the compensation and benefits provided under Section 5(b), Executive shall be entitled to receive twelve (12) months of Executive’s Annual Base Salary (the “Severance Pay”). Such Severance Pay is contingent upon Executive executing a severance agreement, including a waiver and general ...
Rights and Payments Upon Termination. Executive’s right to benefits and payments, if any, for periods after the date on which Executive’s employment with the Company and its affiliates terminates for any reason (the “Termination Date”) shall be determined in accordance with this Section 5. Executive shall not be deemed to have a Termination Date if he has not had a “separation from service” (within the meaning of section 409A of the Code) with the Company.
