Severance Mechanics and Conditions Sample Clauses

Severance Mechanics and Conditions. Any Severance Amount payable under Section 3(a) by the Company shall be payable in accordance with the Company’s normal payroll procedures and cycles and shall be subject to withholding of applicable taxes and governmental charges in accordance with applicable law. Other than payment of the Severance Amount and the provision of the benefits described in Section 3(a), the Company shall have no obligation following any Separation to make any further severance or other payment to or on behalf of, or to provide any further benefits to, Employee, other than payments and vested benefits required to be provided post-Separation by the various plans in which Employee participates on the Separation Date. Notwithstanding the foregoing, in the event that Employee materially breached, or during the Severance Period materially breaches, any of Employee’s obligations under Section 4 or Section 5 of this Agreement, then, in addition to any other rights that the Company may have under this Agreement or otherwise, the Company shall be relieved from and shall have no further obligation to pay Employee any amounts or to provide Employee any benefits (including, without limitation, the Severance Amount or benefits described in Section 3(a)) to which Employee would otherwise be entitled pursuant to this Agreement, other than payments and vested benefits required to be provided post-Separation by the various plans in which Employee participates on the Separation Date.
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Related to Severance Mechanics and Conditions

  • Employment Conditions By accepting the Award, the Participant acknowledges and agrees that:

  • Limitations and Conditions on Benefits The benefits and payments provided under this Agreement shall be subject to the following terms and limitations:

  • Continuing Conditions The obligations of each Lender to make Advances (including the initial Advance) under this Agreement and the obligation of the Issuing Lender to issue any Letters of Credit shall be subject to the continuing conditions that:

  • Vendor’s Conditions The obligations of the Vendors to complete the transactions contemplated by this Agreement shall be subject to the satisfaction of, or compliance with, at or before the Closing Time, each of the following conditions precedent (each of which is hereby acknowledged to be inserted for the exclusive benefit of the Vendor and may be waived by the Vendor in whole or in part);

  • GENERAL COVENANTS, CONDITIONS AND AGREEMENTS The Company hereby further covenants and agrees with each Purchaser as follows:

  • Restrictions and Conditions (a) Any book entries for the shares of Restricted Stock granted herein shall bear an appropriate legend, as determined by the Administrator in its sole discretion, to the effect that such shares are subject to restrictions as set forth herein and in the Plan.

  • Employment Condition The Participant must be employed by the Employer on the last day of the Plan Year, irrespective of whether he satisfies any Hours of Service condition under Option (d), with the following exceptions: (Choose (1) or at least one of (2) through (5))

  • Agreements, Conditions and Covenants The Purchaser shall have performed or complied in all material respects with all agreements, conditions and covenants required by this Agreement to be formed or complied with by it on or before the Closing Date.

  • Prohibited Activities and Conditions Except for matters described in this Section 6.12, Borrower will not cause or permit Prohibited Activities or Conditions. Borrower will comply with all Hazardous Materials Laws applicable to the Mortgaged Property. Without limiting the generality of the previous sentence, Borrower will: (i) obtain and maintain all Environmental Permits required by Hazardous Materials Laws and comply with all conditions of such Environmental Permits, (ii) cooperate with any inquiry by any Governmental Authority, and (iii) comply with any governmental or judicial order that arises from any alleged Prohibited Activity or Condition.

  • GUARANTEE CONDITIONS 5.1 All guaranteed performance data are based on the International Standard Atmosphere (ISA) and specified variations therefrom; altitudes are pressure altitudes.

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