Termination Compensation and Benefits. 7.1. If the Executive' employment is terminated for any reason during the Term of this Agreement, the Company shall pay to the Executive (or in accordance with Section 11.2 in the event of the Executive's death), (i) the Executive's Base Salary through the Date of Termination at the rate in effect immediately prior to the time the Notice of Termination is given, (ii) all compensation and benefits (other than severance compensation and benefits) payable to the Executive through the Date of Termination or thereafter under the terms of any compensation or benefit plan, program or arrangement maintained by the Company during such period, including any short-term or long-term incentive compensation to which the Executive is entitled, by virtue of previous awards, in accordance with the terms of the incentive plans in which Executive participates, and (iii) any unreimbursed expenses payable pursuant to Section 5.7 of the Agreement that were incurred before the Date of Termination.
7.2. In the event the Executive's employment is terminated during the Term of this Agreement by the Executive for Good Reason, or by the Company for any reason other than Cause, death of the Executive or disability, (i) the Company shall pay, in addition to amounts payable under Sections 7.1 and 7.4, a cash severance benefit to the Executive which will be the greater of (a) the amount of Executive's Base Salary plus annual target bonuses that the Executive would have earned over the remainder of the Term of the Employment Agreement, or (b) One Million One Hundred Thousand ($1,100,000.00) Dollars, and (ii) the Company shall continue the benefits provided for in Section 5.3 of this Agreement for thirty-six (36) additional months after the Date of Termination. For the purposes of this Agreement, the phrase "Good Reason" shall have the same definition as in the individual Change in Control Agreement previously entered into by the Executive. Further provided, that in the event that Executive's employment is terminated under conditions that provide severance benefits under the Executive's individual Change in Control Agreement, then the terms of the individual's Change in Control Agreement shall control and the Executive shall be entitled to no severance benefits pursuant to this Agreement.
Termination Compensation and Benefits. 7.1. If the Executive's employment shall be terminated for any reason during the Term of this Agreement, the Company shall pay the Executive's Base Salary (to the Executive or in accordance with Section 11.2 if the Executive's employment is terminated by his death) through the Date of Termination at the rate in effect at the time the Notice of Termination is given, together with all compensation and benefits (other than severance compensation and benefits) payable to the Executive through the Date of Termination under the terms of any compensation or benefit plan, program or arrangement maintained by the Company during such period.
7.2. In the event the Executive's employment is terminated prior to the expiration of the Term of the Agreement by the Executive for Good Reason or by the Company for reasons other than Cause (other than the death or Disability of the Executive), the Executive shall receive (i) continuation of his Base Salary and the benefits provided for in Sections 5.2 and 5.3 of this Agreement for the remainder of the Term, (ii) payment of a fee to an independent outplacement firm selected by the Executive for outplacement services in an amount equal to the actual fee for such service up to a total of $10,000 and (iii) a lump sum payment equal to (A) the value of the fringe benefits that would have been provided to the Executive through the remainder of the Term in accordance with the Company's policies as of the date one year prior to the Date of Termination and (B) any unreimbursed expenses payable pursuant to Section 5.5 of this Agreement. For purposes of determining equivalent value of incentive compensation, the value of short-term incentive compensation shall be the amount of short-term compensation received by the Executive in the fiscal year ended immediately prior to the Date of Termination and the value of long-term incentive compensation shall be the value of long-term incentive compensation awards outstanding on the Date of Termination for performance periods ending after the Date of Termination, such value being determined based upon the projected target value of the applicable long-term incentive compensation award as determined by the Company in connection with the grant thereof. Continuation of the pension benefits provided under Section 5.3 shall consist of continued accrual of benefits for the remainder of the Term under any employee pension benefit plans (as that term is defined in Section 3(2) of ERISA), and any plan, prog...
Termination Compensation and Benefits. In the event that during the Term of this Agreement, the Employee's employment with the Corporation is involuntarily terminated by the Corporation other than for Cause or because of the Employee's death or substantial inability to work, the Corporation will pay the Employee a lump sum payment equal to all amounts that would have otherwise become due hereunder, including without limitation the Bonus and Incentive Compensation described in Section D (ii) and (iii) hereof. For a period of twelve (12) months after such termination, the Corporation will also continue to make available the same health and dental (but no other) benefits made available to Corporation employees generally at a cost equal to the cost the Employee would have paid if he had continued to be an employee of the Corporation. In the event the Employee becomes employed at any time during the twelve (12) month continuance period, all remaining health and dental benefits shall terminate as of date of hire by the Employee's new employer. If Employee terminates his employment prior to the end of the Term, the Corporation shall have no further obligations under Sections D or E hereof after the effective date of termination.
Termination Compensation and Benefits. If this Agreement, and the Executive’s employment hereunder, is terminated, then: (i) the Company shall pay to the Executive promptly after the effective date of termination that portion of the Executive’s Base Salary which has been fully earned but not yet paid to the Executive and which is not subject to a deferral election or deferral requirement that has become irrevocable; and (ii) all unvested awards by the Company under the Company’s equity incentive compensation plans and other equity compensation in the Company granted to the Executive shall be forfeited.
Termination Compensation and Benefits. In addition, if Executive's terminates his employment after March 1, 2001, and provided Executive gives Company at least three months advance notice of such intention to retire, Executive shall have Company's permission to retire for purposes of receiving benefits under the Supplemental Retirement Plan of Entergy Corporation and Subsidiaries and under the System Executive Retirement Plan of Entergy Corporation and Subsidiaries, subject, however, to the forfeiture provisions contained therein.
Termination Compensation and Benefits. In the event that during the Term of this Agreement, the Executive's employment with the Corporation is involuntarily terminated by the Corporation other than for Cause or because of the Executive's death or substantial inability to work, the Corporation will pay the Executive a lump sum payment equal to all amounts that would have otherwise become due hereunder, including without limitation the Bonus described in Section E (ii) and the Corporation will vest the incentive stock options in accordance with Section E (iii) hereof. For a period of six (6) months after such termination, the Corporation will also continue to make available the same health and dental (but no other) benefits made available to Corporation employees generally at a cost equal to the cost the Executive would have paid if he had continued to be an employee of the Corporation. In the event the Executive becomes employed at any time during the six (6) month continuance period, all remaining health and dental benefits shall terminate as of date of hire by the Executive's new employer. If the Executive terminates his employment prior to the end of the Term, the Corporation shall have no further obligations under Sections E or F hereof after the effective date of termination.
Termination Compensation and Benefits. The Executive acknowledges and agrees that the following compensation and benefits set forth in this Section 7 constitute liquidated damages upon the termination of this Agreement, and the Executive’s employment hereunder, and the parties hereto have agreed that such compensation and benefits are reasonable. The Executive further acknowledges and agrees that he shall have no other remedies in connection with, or as a result of, any such termination. The Company’s obligations under this Section 7 shall survive the termination of this Agreement.
Termination Compensation and Benefits. 7.1. If the Executive's employment shall be terminated for any reason before the scheduled expiration of the Term, Parent shall pay or provide to the Executive (or to the executors, personal representatives or administrators of his estate in accordance with Section
Termination Compensation and Benefits. From the Effective Date through October 31, 2001, Patron's salary shall remain unchanged. Beginning November 1, 2001, through the Termination Date, Patron's salary shall be reduced to $100,000 per year. From the Effective Date through the Termination Date, Patron's benefits shall remain unchanged.
Termination Compensation and Benefits. Executive shall forfeit all rights to the Supplemental Retirement Benefit.
