Severance Arrangement. Grant any severance or termination pay (i) to any director or officer or (ii) to any other employee except (A) payments made pursuant to standard written agreements outstanding on the date of this Agreement or (B) grants which are made in the ordinary course of business in accordance with its standard past practice;
Severance Arrangement. Grant any severance or termination pay (i) to any director or officer or (ii) to any other employee except payments made pursuant to standard written agreements outstanding on the date of this Agreement;
Severance Arrangement. Except as provided in Sections 4(b), 4(c) and 4(d) below, if any Plan Participant’s employment with a member of the Company Group is terminated by such Person other than for Cause, or if any Plan Participant resigns from employment with such Person for Good Reason, such Plan Participant shall receive, during the Payout Period, (x) severance payments (“Severance Payments”) equal in the aggregate to the product of (1) the Severance Multiple and (2) Base Salary of such Plan Participant and (y) the health benefits, at the Company’s cost (subject to satisfying insurability requirements), to which such Plan Participant would otherwise have been entitled pursuant to the Employment Agreement (subject to such Plan Participant’s COBRA election) and outplacement services, in each case, for the Payout Period. Severance Payments shall be made bi-weekly, in accordance with normal payroll practices for the Payout Period except that if any class of NEI common stock is publicly tradable on an established securities market, no amounts shall be paid pursuant to this Section 4(a) during the first 6 months following a Participant’s termination unless the payments satisfy the requirements for separation pay due to involuntary separation from service as provided in Treas. Reg. 1.409A-1(b)(9)(iii). The Company’s health benefits and outplacement services described above will be made available until the earlier of the end of the Payout Period or the receipt of comparable benefits on re-employment. Severance Payments shall not be reduced as a result of re-employment or otherwise.
Severance Arrangement. Except as expressly provided herein, this Agreement is not intended to alter the form or timing of any severance pay or benefits provided to you under any prior arrangement, including, but not limited to, the Cash America International, Inc. Severance Pay Plan for Executives (the “Severance Plan”) but is intended to provide for certain additional payments and benefits described herein. Your separation from the Company under this Agreement is an “Eligible Termination” for purposes of, and within the meaning of, Section 2(c) of the Severance Plan. All of your employment by, and services for, the Company will cease, and you thereby will have a separation from service on, March 29, 2013 (your “Severance Date”). In consideration of your separation from service, you and the Company agree to the following:
Severance Arrangement. Under his Employment Agreement, Xxxx Xxxx is eligible for certain severance payments, SERP benefits and other employee benefits.
Severance Arrangement. Section 6.1 of the Agreement is hereby amended (i) by deleting the word "six" in each place where it appears in the section and replacing it with the word "12," (ii) by deleting the word "five" where it appears in the section and replacing it with the word "11," and (iii) by deleting the word "current" in each place where it appears in the section and replacing it with the word "then-current."
Severance Arrangement. Except in connection with the Merger as described in Schedule 2.18 of the Disclosure Schedule, increase the amount and/or grant any new severance or termination pay to any director or officer;
Severance Arrangement. In full consideration and as material ----------------------- inducement for Employee to execute this Agreement, and in full and complete settlement of any and all claims (including any claim Employee may have for attorneys' fees, expenses and costs), the Company will:
a. Pay Employee a total of $750,000 (which amount includes payment in lieu of 60 days accrued vacation, accrued salary and amounts otherwise payable under section 4(b) of the Employment Agreement referred to below) in the following manner: $600,000 on the ninth day after the execution of this Agreement and $150,000 on the forty-fifth day after the ninth day. The parties acknowledge that Employee has been rendering service to the Company solely outside the United States under the March 21, 2001 Employment Agreement between Employee and Company (it being understood that Employee has spent time in the United States under the terms of that Employment Agreement to attend meetings of the Board of Directors in his role as a Director).
Severance Arrangement. Parent has not entered into any severance arrangements since January 1, 2019 with any employee that provides for a cash payment in excess of $75,000; provided, that Parent has entered into arrangements with service providers providing for acceleration of vesting of restricted stock or options issued to employees in connection with or following a change of control.
Severance Arrangement. Xxxxxxx:
