Special Additional Compensation Sample Clauses

Special Additional Compensation. In consideration of this Agreement, and provided that none of the provisions of Paragraph 4 has been violated, and that the revocation period referenced in Paragraph 13 shall have expired without this Agreement having been revoked, the Company also will do the following: A. Pay to Employee, within seven (7) calendar days after the Effective Date, in one lump sum payment, a gross amount equal to Three Hundred Thousand Dollars ($300,000), less applicable legal deductions and withholdings (the “Separation Agreement Payment”). B. As additional consideration for the promises and obligations contained herein, and provided Employee elected coverage under the Company’s group health insurance program prior to the Separation Date and makes a timely election for continued coverage pursuant to COBRA, the Company further agrees to pay the monthly premiums for such continued coverage under the Company’s group health insurance program for a period from the Separation Date through March 31, 2013 (provided Employee remains eligible for COBRA continuation coverage). Thereafter, if applicable, continuation coverage pursuant to COBRA will be available to Employee at Employee’s sole expense, and Employee will be responsible for the full COBRA premium for any remaining months of the COBRA coverage period made available pursuant to applicable law. C. Pay to Employee, within seven (7) calendar days after the Effective Date, the value of Employee’s vested “in the money” stock options (“Option Value”) as of the Separation Date. The Option Value shall be computed as the difference between the closing price of the Company’s common stock on the second day immediately preceding the Separation Date (“Market Price”) and the exercise price (“Exercise Price”) in each vested and unexercised option held by the Employee as of the Separation Date where the Exercise Price is lower than the Market Price, multiplied by the number of shares of each vested and unexercised option. D. Reimburse Employee for costs incurred for actual outplacement consulting services used in connection with finding future employment, up to a maximum of ten thousand dollars ($10,000), which reimbursement will be made by the Company within ten (10) days following its receipt from Employee of written evidence of such costs. E. Allow Employee to use the Vistage CEO roundtable membership which the Company has already paid for through November 2012 (annual dues).
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Special Additional Compensation. Pool Requirements (CPO) $0.50 per hour Journeyman’s Mechanical, Electrical, Builder/Contractor License $1.50 per hour Employees designated as Leader $0.75 per hour Master Electrician’s License (supersedes Journeyman Electrical license) $2.50 per hour Pesticide $0.75 per hour Playground Requirements (CPSI) $0.75 per hour 3-5 years of service $125.00 6-10 years of service $175.00 11-15 years of service $225.00 16-20 years of service $275.00 21+ years of service $325.00 Employees are required to maintain current licensure and certification, and must notify the district if their credentials have expired. License/certification verification will be periodically reviewed, and stipends will be adjusted accordingly.
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Special Additional Compensation. In consideration of this Agreement, and provided that (i) none of the provisions of Paragraph 5 has been violated, (ii) Employee has completed and signed on the Separation Date the Company’s “Termination Certificate” (Exhibit C to the Confidentiality, Unfair Competition, Non-Recruiting and Assignment of Inventions Agreement previously signed by Employee on April 20, 2012), and (iii) the revocation period referenced in Paragraph 13 shall have expired without this Agreement having been revoked, the Company will pay to Employee, within ten (10) calendar days after the Effective Date, in one lump sum payment, a gross amount equal to one hundred sixty-five thousand four hundred twenty-three dollars and zero cents ($165,423.00), less state and federal taxes and other required withholding (the “Separation Agreement Payment”).
Sample 1
Special Additional Compensation. As an additional incentive for Executive to remain employed by the Company for the entire term of this Agreement, and as additional consideration for Executive's covenants and promises in this Agreement, the Company will provide the following incentives to Executive: a. An aggregate cash payment of approximately $2,039,724 (with the final amount to be determined by the Company and Executive at the Effective Time) payable in six equal installments the first of which shall be made on the Effective Time and the remaining five of which shall be made at the end of each four-month period following the Effective Time if Executive has remained continually employed by the Company from the Effective Time through the end of such period; provided, however, that if Executive is terminated by the Company other than for Cause (as defined below) prior to such date, Executive shall remain entitled to the full amount of the unpaid portion of such payment which shall be payable in a lump sum upon termination and; further, provided, that if Executive voluntarily terminate his employment with the Company for any reason, he shall be entitled to receive only a pro rata portion of such payment to the date of termination; provided further, however, that if Executive resigns as a result of a material breach of this Agreement by the Company, Executive shall be entitled to the full amount of such payment which shall be payable in a lump sum upon termination; b. On the scheduled issue date for the Honeywell Stock Option Program in February 1998, if Executive has remained continually employed by the Company through such date, seven thousand five hundred (7,500) shares of nonqualified stock options with a ten (10) year term (provided that if Executive's employment with the Company is thereafter terminated, the exercisability of such options after the date of termination shall be subject to the terms of Honeywell's Stock Option Program, a copy of which has been delivered to Executive (the "Option Plan"), at an exercise price determined in accordance with the Option Plan. c. Twenty five thousand (25,000) shares of nonqualified stock options with a ten (10) year term (provided that if Executive's employment with the Company is terminated, the exercisability of such options after the date of termination shall be subject to the terms of the Option Plan), at an exercise price equal to the closing price of Honeywell common stock on the New York Stock Exchange on the Effective Time, vesting on ...
Sample 1
Special Additional Compensation. Article X, Special Additional Compensation, Sections 1., 2. and 3., shall cease effective the date of the 40-hour conversion.
Sample 1
Special Additional Compensation. As an additional incentive for Executive to remain employed by the Company for the entire term of this Agreement, and as additional consideration for Executive's covenants and promises in this Agreement, the Company will provide the following incentive to Executive: a. An aggregate cash payment of $3,101,283 (subject to adjustment to avoid any excess parachute payment under Internal Revenue Code Section 280G, as calculated in accordance with Section 5.11 of the Merger Agreement) payable on or about the Effective Time.
Sample 1
Special Additional Compensation. In consideration of this Agreement, and provided that none of the provisions of Paragraph 4 has been violated, and that the revocation period referenced in Paragraph 13 shall have expired without this Agreement having been revoked, the Company also will do the following: A. Continue to pay Employee, over a period of six months from the Separation Date, in regular installments on the Company’s regular payroll pay dates for exempt employees, a gross amount equal to Employee’s last regular bi-weekly salary until the total gross payments have reached the amount of Eighty-Five Thousand Dollars ($85,000), less applicable legal deductions and withholdings (the “Separation Agreement Payment”). B. As additional consideration for the promises and obligations contained herein, and provided Employee elected coverage under the Company’s group health insurance program prior to the Separation Date and makes a timely election for continued coverage pursuant to COBRA, the Company further agrees to pay the Company’s portion of the monthly premiums for such continued coverage under the Company’s group health insurance program for a period from the Separation Date through April 30, 2011 (provided Employee remains eligible for COBRA continuation coverage). Thereafter, if applicable, continuation coverage pursuant to COBRA will be available to Employee at Employee’s sole expense, and Employee will be responsible for the full COBRA premium for any remaining months of the COBRA coverage period made available pursuant to applicable law. C. Provide Employee with an outplacement services package to assist with Employee’s transition into a new position.
Sample 1
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Related to Special Additional Compensation

  • No Additional Compensation Notwithstanding any other provision of this Agreement, the obligation of Agency to return Referred Accounts, provide current status reports of all such accounts or information reasonably required by Client shall be without right to any additional Contingent Fee, administrative fees or other compensation of any kind or type whatsoever after such termination date, including, without limitation, in quantum meruit, for any Services rendered prior to termination (except on recoveries received and remitted to Client pursuant to this Agreement prior to termination) whether or not said Services result in or contribute to recoveries received after termination.

  • Additional Compensation Notwithstanding anything in this Memorandum of Understanding to the contrary when in the judgment of the Board, it becomes necessary or desirable to utilize the services of County employees in capacities other than those for which they are regularly employed, the Board may authorize and, if appropriate, fix an additional rate of compensation for such employees.

  • Final Compensation Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS prior to January 15, 2011, is based on the highest average monthly pay rate during twelve (12) consecutive months of employment. Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS on or after January 15, 2011, is based on the highest average monthly pay rate during thirty-six (36) consecutive months of employment.

  • Special Compensation The Company shall pay to the Executive a lump sum equal to three times the sum of (a) the highest per annum base rate of salary in effect with respect to the Executive during the three-year period immediately prior to the termination of employment plus (b) the Highest Bonus Amount. Such lump sum shall be paid by the Company to the Executive within ten business days after the Executive's termination of employment, unless the provisions of Section 3(e) below apply. The amount of the aggregate lump sum provided by this Section 3(c), whether paid immediately or deferred, shall not be counted as compensation for purposes of any other benefit plan or program applicable to the Executive.

  • Extra Compensation The Board shall pay no fees, other than described above, to the PA/E unless authorized by the Board as follows: A. If the scope of the Project or site is changed, the Board and the PA/E shall negotiate a reasonable fee based upon the probable estimated construction cost in changing the scope of the work and the approximate percentage of the estimated construction cost which was used to negotiate this Agreement if, and, as such may be applicable. B. If the DOE or Board requires the PA/E to make major or costly changes to the Schematic, Preliminary or Construction Document Phase submittals, which changes are not caused by architectural or engineering error or oversight, the PA/E shall be paid to redesign for additional expenses in an amount agreed to by the parties. Under no circumstances will the principals of the PA/E and the principals of his consultants be paid a fee in excess of $125.00 per hour.

  • ADDITIONAL COMPENSATION AND BENEFITS The Executive shall receive the following additional compensation and welfare and fringe benefits:

  • Supplemental Compensation Pursuant to Section 7 of the Agreement, Supplemental Compensation is payable as follows.

  • Compensation Benefits and Reimbursement (a) The compensation specified under this Agreement shall constitute the salary and benefits paid for the duties described in Section 2. The Bank shall pay Executive as compensation a salary of not less than [$ ] per year (“Base Salary”). Such Base Salary shall be payable biweekly, or with such other frequency as officers and employees are generally paid. During the period of this Agreement, Executive’s Base Salary shall be reviewed at least annually. Such review shall be conducted by a committee designated by the Board, and the Bank may increase, but not decrease (except a decrease that is generally applicable to all employees) Executive’s Base Salary (with any increase in Base Salary to become “Base Salary” for purposes of this Agreement). Base Salary shall not include any director’s fees that the Executive is entitled to receive as a director of the Bank or any affiliate of the Bank. Such director’s fees shall be separately paid to the Executive. (b) Executive will be entitled to participate in and receive benefits under any employee benefit plans including, but not limited to, retirement plans, supplemental retirement plans, pension plans, profit-sharing plans, health-and-accident insurance plans, medical coverage or any other employee benefit plan or arrangement made available by the Bank currently or in the future to its senior executives and key management employees. Executive will be entitled to participate in any incentive compensation and bonus plans offered by the Bank in which Executive is eligible to participate. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement. (c) In addition to the Base Salary provided for by paragraph (a) of this Section 3, the Bank shall pay or reimburse Executive for all reasonable travel and other reasonable expenses incurred by Executive performing his obligations under this Agreement and may provide such additional compensation in such form and such amounts as the Board may from time to time determine. The Bank shall reimburse Executive for his ordinary and necessary business expenses including, without limitation, fees for memberships in such clubs and organizations as Executive and the Board shall mutually agree are necessary and appropriate for business purposes, and travel and entertainment expenses, incurred in connection with the performance of his duties under this Agreement.

  • Termination Compensation Termination Compensation equal to two (2) times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash on the thirtieth (30th) business day after the later of (a) the Control Change Date and (b) the date of the Executive's employment termination; provided that if at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's employment termination.

  • Compensation Benefits In accordance with Section 142 of the State Finance Law, this contract shall be void and of no force and effect unless the Contractor shall provide and maintain coverage during the life of this contract for the benefit of such employees as are required to be covered by the provisions of the Workers' Compensation Law.

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