Separation Payment and Benefits. Company agrees to provide Executive with separation payment and benefits and described as follows:
Separation Payment and Benefits. 3. Subject to your compliance with the terms and conditions of this Release Agreement, and provided that you do not revoke your consent to this Release Agreement as permitted by paragraph 14 of this Release Agreement, the Company shall, in accordance with the terms of Section 4 of the Key Employee Retention Agreement effective as of _________ (the "Key Employee Retention Agreement"): (a) pay, or cause to be paid, to you a separation payment of $_________ (______Dollars), less all amounts required to be withheld by law, including, but not limited to, any applicable federal, state or local taxes within five (5) business days of the Effective Date (as defined in paragraph 14 of this Release Agreement); and (b) if you timely elect COBRA health insurance continuation coverage, reimburse you for COBRA premiums for up to _______ (___) months following the date of termination. Releases
Separation Payment and Benefits. Without admission of any liability, fact or claim, the Company hereby agrees, subject to Executive signing and delivering to the Company this Agreement, this Agreement becoming no longer subject to revocation as provided in Section 6(c)(iii), and Executive’s continued performance of his obligations under the Confidentiality Agreement to provide Executive the benefits set forth below. Specifically, the Company and Executive agree as follows:
Separation Payment and Benefits. If Employee signs this Agreement on March 31, 2020, and the Revocation Period specified in Section 11 below expires without revocation, the Company agrees to provide the pay and benefits specified in this Section 2:
Separation Payment and Benefits. Employee will be paid a separation payment equal to Employee’s annual base salary, as then in effect, in a lump sum. Separation payments will be made within fifteen (15) days following the date on which the employee’s Separation Agreement and Release becomes effective and irrevocable.
Separation Payment and Benefits. (a) Provided that Executive: (i) honors each of Executive’s commitments set forth herein, and (ii) timely signs and returns the Confirming Release (as defined below), as described in Section 8 below (and does not exercise his revocation right, as described in the Confirming Release), then:
Separation Payment and Benefits. (a) Provided that Executive: (i) executes this Agreement on the Effective Date or within 21 days thereafter such that Executive has returned a signed copy of this Agreement to the Company, care of Xxxxx XxXxxxxxxx at 00000 Xxxxxxxxx Xxxxx, Xxxxx 000, Xxxxxx, Xxxxxxxx 00000 (e-mail: xxxxxxxxxxx@xxxxxxxx.xxx) so that it is received by the Company no later than the close of business on April 21, 2019, (and so long as Executive does not exercise his revocation right pursuant to Section 10); and (ii) Executive honors each of his commitments set forth herein, then:
Separation Payment and Benefits. Provided that Employee executes this Agreement and returns it to the Company so that it is received no later than November 1, 2013, and does not exercise his revocation rights pursuant to Section 10 below and abides by his continuing obligations hereunder, then the Company shall:
Separation Payment and Benefits. Per the Executive Severance Agreement dated September 27, 1996 between yourself and Titanium Hearth Technologies Inc. (the "Prior Agreement"), within fourteen (14) calendar days after your termination date, TIMET will make a settlement payment in the amount of $300,000 less all customary or required withholdings. As additional consideration for this Agreement, TIMET will agree to continue your health care benefits (medical, dental, and vision) until the earlier of (a) the last day of the sixth full calendar month after the month in which you terminate employment or (b) the date you secure alternate health care benefits through another employer. Such benefits will be provided to you on the same terms as they are provided to other executives within TIMET during such period. The start date of the period for voluntary benefit continuation under COBRA would be at the end of the six-month period (i.e., the six months would not be counted against your COBRA period). You will also receive a lump sum payment equivalent to your cash incentive "profit sharing" bonus for 1998 at an individual performance level no less than "Fully Proficient".
Separation Payment and Benefits. Provided you execute this Separation Agreement by November 21, 2011, and do not revoke it, and in return for the full and complete release of all claims as set forth in Paragraph 4, the Company is offering you the following:
