Severance Payments; Salary and Benefits. The Company agrees to provide Executive with the severance payments and benefits described in Section 4(b) of the Employment Agreement, payable at the times set forth in, and subject to the terms and conditions of, the Employment Agreement. In addition, to the extent not already paid, and subject to the terms and conditions of the Employment Agreement, the Company shall pay or provide to Executive all other payments or benefits described in Section 3(c) of the Employment Agreement, subject to and in accordance with the terms thereof.
Severance Payments; Salary and Benefits. The Company agrees to provide Employee with the severance payments and benefits described in Section 4(b) of the Employment Agreement, payable at the times set forth in, and subject to the terms and conditions of, the Employment Agreement. In addition, to the extent not already paid, and subject to the terms and conditions of the Employment Agreement, the Company shall pay or provide to Employee all other payments or benefits described in Section 3(c) of the Employment Agreement, subject to and in accordance with the terms thereof.
Severance Payments; Salary and Benefits. The Company agrees to provide Employee with the severance payments and benefits described in Section 6 of the Employment Agreement, payable at the times set forth in, and subject to the terms and conditions of, the Employment Agreement.
Severance Payments; Salary and Benefits. The Company agrees to provide Executive with the severance payments and benefits described in Section 4(b) of the Employment Agreement, payable at the times set forth in, and subject to the terms and conditions of, the Employment Agreement. In addition, to the extent not already paid, and subject to the terms and conditions of the Employment Agreement, the Company shall pay or provide to Executive all other payments or benefits described in Section 3(c) of the Employment Agreement, subject to and in accordance with the terms thereof, including, but not limited to, tax equalization and relocation/repatriation and other expatriate assignment benefits due to Executive in connection with employment outside the United States.
Severance Payments; Salary and Benefits. (a) The Company agrees to provide Executive with the severance payments and benefits described in Section 2(b) below, payable at the times set forth in, and subject to the terms and conditions of, such Section. In addition, upon termination of Executive’s employment for any reason, to the extent not already paid, the Company shall pay or provide to Executive (i) Executive’s earned but unpaid annual base salary and unused vacation days accrued through the Separation Date; (ii) any unpaid business expenses incurred by Executive prior to the Separation Date that are reimbursable under the Company’s expense reimbursement policy; and (iii) any amount accrued and arising from Executive’s participation in, or benefits accrued under any employee benefit plans, programs or arrangements of the Company, which amounts shall be payable in accordance with the terms and conditions of such employee benefit plans, programs or arrangements.
(b) If Executive remains continuously employed by the Company through the Resignation Date or if the Company terminates Executive’s employment on or prior to the Resignation Date for reasons other than Cause or material breach of this Agreement, then subject to Executive’s continued compliance with the Restrictive Covenants (as defined below) and Executive’s execution and delivery to the Company of the release of claims attached hereto as Addendum 1 (the “Bring-Down Release”) within 21 days following the Separation Date (and the Bring-Down Release becoming effective and irrevocable), Executive will be entitled to the following payments and benefits:
(i) a severance payment equal to the sum of (x) eighteen (18) months of Executive’s then-current annual base salary plus (y) 150% of Executive’s then-current Target Bonus of 50% of annual base salary, payable in accordance with the Company’s normal payroll practices over the eighteen (18) month period following the Separation Date (the “Severance Period”), provided that payment of such amounts will commence on the Company’s next regular payday (the “First Payment Date”) following the effective date of the Bring-Down Release (with the first payment including all amounts that would otherwise have been earlier paid);
(ii) if Executive elects to receive continued medical, dental and/or vision coverage under one or more of the Company’s group healthcare plans pursuant to COBRA, the Company shall directly pay (or reimburse Executive for) the COBRA premiums for Executive and Executive’s covered depe...
Severance Payments; Salary and Benefits. The Company agrees to provide Employee with the severance payments and benefits described in Section 4(b) of the Employment Agreement subject to the terms and conditions of, the Employment Agreement, provided that the Severance Payments will be paid in the form of salary continuation payments in regular installments over the twelve (12) month period following the termination/expiration of the Consulting Agreement instead of the twelve (12) month period following the Date of Termination as currently set forth in the Employment Agreement. In addition, the Employee and the Company agree to extend the Restriction Period, as provided in the Consulting Agreement. Notwithstanding the foregoing, to the extent not already paid, and subject to the terms and conditions of the Employment Agreement, the Company shall promptly pay or provide to Employee all other payments or benefits described in Section 3(c) of the Employment Agreement, subject to and in accordance with the terms thereof.
Severance Payments; Salary and Benefits. The Company and PGA agree to provide Employee with the severance payments and benefits described in Section 4(b)(i) of the Employment Agreement, payable at the times set forth in, and subject to the terms and conditions of, the Employment Agreement. In addition, to the extent not already paid, and subject to the terms and conditions of the Employment Agreement, the Company and PGA shall pay or provide to the Employee all other payments or benefits described in Section 4(a) of the Employment Agreement, subject to and in accordance with the terms thereof.
Severance Payments; Salary and Benefits. (a) Except as otherwise provided in Section 2(b), if Executive remains continuously employed by the Company through August 18, 2020 or if the Company terminates Executive’s employment on or prior to August 18, 2020 for reasons other than Cause or material breach of this Agreement, then subject to Executive’s continued compliance with the RCA and Executive’s execution and delivery to the Company of the release of claims attached hereto as Addendum 1 (the “Bring-Down Release”) before the later of 30 days following the Separation Date and 45 days following the date this Agreement was first provided to Executive (and the Bring-Down Release becoming effective and irrevocable), Executive will be entitled to the severance payments and benefits provided in Sections 2(a)(i) – (ii).
(i) The Company will pay or provide to Executive the severance payments and benefits described in Section 4(b) of the Employment Agreement (the “Severance Payments”), payable at the times set forth in the Employment Agreement; provided that (A) “Payment Date” as used in the Employment Agreement shall mean the next regular payday following the effective date of the Bring-Down Release and (B) the period for COBRA-related severance benefits in Section 4(b)(iii) of the Employment Agreement will end upon the earliest of (x) December 31, 2021, (y) the date that Executive and/or Executive’s covered dependents become no longer eligible for COBRA or (z) the date Executive becomes eligible to receive medical, dental or vision coverage as applicable, from a subsequent employer; and
Severance Payments; Salary and Benefits. In consideration of executing and not revoking this Separation Agreement, the Company shall pay to Executive $26,666.67 monthly for 24 months, beginning as of the Effective Date and payable in accordance with the Company’s usual payroll practices, less applicable deductions and withholdings. In further consideration and provided the Executive elects to continue his participation in Company’s group health plan, the Company shall pay 100% of the cost of health coverage for Executive and his dependents for up to 24 months, beginning September, 2016 and provided such payment or continuation of coverage does not violate applicable law and is permitted under Company’s group health plan. In addition, Executive shall be entitled to a payment of $16,000, less applicable withholding, representing unused vacation for the 2015 fiscal year, with such amount payable upon the execution of this Separation Agreement, and shall further be entitled to a payment, less applicable withholding, for all unused vacation for the 2016 fiscal year, with such amount being paid as soon as practicable but in no event later than October 1, 2016.
Severance Payments; Salary and Benefits. The Company agrees to provide Employee with the IPO Bonus described in Section 4(c) of the Employment Agreement, as applicable, payable at the times set forth in, and subject to the terms and conditions of, the Employment Agreement. In addition, to the extent not already paid, and subject to the terms and conditions of the Employment Agreement, the Company shall pay or provide to the Employee all other payments or benefits described in Section 3(c) of the Employment Agreement, subject to and in accordance with the terms thereof.
