Severance/Termination Indemnities Sample Clauses

Severance/Termination Indemnities. In furtherance and not in limitation of the provisions of Section D.12, for a period of at least one year, TTSI shall provide severance programs and termination indemnities with the same terms and conditions as those provided by the Seller Companies or TTSI to the Non-US Transferred Employees immediately prior to the Closing and agrees to pay any benefit to Non-US Transferred Employees to which they may be entitled under such severance programs and/or termination indemnities applicable to Buyer and its Affiliates with respect to events that occur on or after the Closing Date or as a result of the Contemplated Transactions, or applicable to Parent and its Affiliates as a result of the Contemplated Transactions.
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Severance/Termination Indemnities. In furtherance and not in limitation of the provisions of Section D.11, for a period of at least one year, Buyer shall provide severance programs and termination indemnities with substantially the same terms and conditions as those provided by the Seller Companies to the Non-US Transferred Employees immediately prior to the Closing and agrees to pay any benefit to Non-US Transferred Employees to which they may be entitled under such severance programs and/or termination indemnities with respect to events that occur as a result of the Closing and on or after the Closing Date.
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Severance/Termination Indemnities. In furtherance and not in limitation of the provisions of Section D.11, for a period of at least one year from the Closing Date (or with regard to Active Employees of the HPG Business at the Queretaro Property, the Mexico Closing Date), Buyer shall provide severance programs and termination indemnities with substantially the same terms and conditions as those provided by Seller Companies to the Non-US Transferred Employees immediately prior to the Closing Date (or with regard to Active Employees of the HPG Business at the Queretaro Property, the Mexico Closing Date) and agrees to pay any benefit to Non-US Transferred Employees to which they may be entitled under such severance programs and/or termination indemnities with respect to events that occur as a result of the Closing or the closing of the transactions contemplated by Section 7 of the Manufacturing Agreement, and on or after such date."
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Severance/Termination Indemnities. In furtherance and not in limitation of the provisions of Section D.13, for a period of at least one year, Buyer intends to provide (or cause to be provided) severance programs and termination indemnities with the same terms and conditions as those provided by Black & Decker and its Affiliates, or that are otherwise available, to xxx Xxn-US Transferred Employees immediately prior to the Closing, including credit for service and compensation with Black & Decker and its Affiliates, and agrees to pay or cause to be paid any xxxxxit to Non-US Transferred Employees to which they may be entitled under any severance programs and/or termination indemnities applicable to either Buyer and its Affiliates or Black & Decker and its Affiliates with respect to events that occur on or axxxx xhe Closing Date or as a result of the Contemplated Transactions.
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Related to Severance/Termination Indemnities

  • SEVERANCE COMPENSATION IN THE EVENT OF A TERMINATION OTHER THAN FOR CAUSE In the event of a Termination Other Than for Cause, the Employee shall be paid as severance compensation his Base Salary (at the rate payable at the time of such termination) for a period of twelve (12) months from the date of such termination, on the dates specified in Section 3.1, and Employee shall also be paid an amount equal to the average annual bonus earned by the Employee as an employee of Avocent Corporation and its affiliates and predecessors in the two (2) years immediately preceding the date of termination. Notwithstanding anything in this Section 4.2 to the contrary, the Employee may in the Employee’s sole discretion, by delivery of a notice to the Employer within thirty (30) days following a Termination Other Than for Cause, elect to receive from the Employer a lump sum severance payment by bank cashier’s check equal to the present value of the flow of cash payments that would otherwise be paid to the Employee pursuant to this Section 4.2. Such present value shall be determined as of the date of delivery of the notice of election by the Employee and shall be based on a discount rate equal to the interest rate on 90-day U.S. Treasury bills, as reported in The Wall Street Journal (or similar publication), on the date of delivery of the election notice. If the Employee elects to receive a lump sum severance payment, Avocent Corporation shall cause the Employer to make such payment to the Employee within ten (10) days following the date on which the Employee notifies the Employer of the Employee’s election. The Employee shall also be entitled to have the vesting of any awards granted to the Employee under any AHC or Avocent stock option plans fully accelerated. The Employee shall be provided with medical plan benefits under any health plans of Avocent or Employer in which the Employee is a participant to the full extent of the Employee’s rights under such plans for a period of twelve (12) months from the date of such Termination Other Than for Cause (even if Employee elects to receive a lump sum severance payment).

  • Severance Compensation upon Termination Subject to the provisions of Section 10 hereof, in the event of the Employee’s Termination upon a Change of Control, the Company shall pay to the Employee, within fifteen (15) days after the Termination Date (or as soon as possible thereafter in the event that the procedures set forth in paragraph (b) of Section 11 hereof cannot be completed within fifteen (15) days) an amount in cash equal to three (3) times the sum of the Employee’s Base Salary in effect either immediately prior to the Separation from Service or immediately prior to the Change of Control, whichever is higher.

  • Termination of Expense Reimbursement Provisions Notwithstanding anything to the contrary in any predecessor to this Agreement, PIM agrees that it shall not be entitled to be reimbursed for any expenses that PIM, PIMSS or PFD has waived or limited.

  • Other Termination Benefits In addition to any amounts or benefits payable upon a Termination of Employment hereunder, Executive shall, except as otherwise specifically provided herein, be entitled to any payments or benefits provided under the terms of any plan, policy or program of the Company in which Executive participates or as otherwise required by applicable law.

  • Post-Termination Benefits If the Executive's employment shall be terminated for any reason following a Change in Control and during the Term, the Company shall pay to the Executive the Executive's normal post-termination compensation and benefits as such payments become due. Such post-termination compensation and benefits shall be determined under, and paid in accordance with, the Company's retirement, insurance and other compensation or benefit plans, programs and arrangements as in effect immediately prior to the Date of Termination or, if more favorable to the Executive, as in effect immediately prior to the occurrence of the first event or circumstance constituting Good Reason.

  • Termination and Severance Executive shall be entitled to receive benefits upon termination of employment only as set forth in this Section 4:

  • Survival; Termination The representations, warranties, and covenants of the respective parties shall survive the Closing Date and the consummation of the transactions herein contemplated for a period of two years.

  • Compensation Following Termination In the event that Executive’s employment hereunder is terminated, Executive shall be entitled only to the following compensation and benefits upon such termination:

  • Compensation in the Event of Termination In the event that the Executive’s employment hereunder terminates prior to the expiration of this Agreement for any reason provided in Section 5 hereof, the Company shall pay the Executive, compensation and provide the Executive and the Executive’s eligible dependents with benefits as follows:

  • Effect of Termination; Termination Fee (a) In the event of the termination and abandonment of this Agreement pursuant to Section 10.1, the Agreement shall terminate and have no effect, except as otherwise provided herein and except that the provisions of this Section 10.2, Section 10.5 and Article 11 of this Agreement shall survive any such termination and abandonment.

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