Termination Entitlements. Your termination entitlements will depend upon the circumstances of the termination and are set out in this clause 12 and in the Schedule. These will be the only entitlements paid to you upon the termination of your employment with ANZ.
Termination Entitlements. If your employment is terminated under Section 2 of this Agreement, you shall be entitled to the Outstanding Amounts. If your employment is terminated pursuant to Subsection 2(a) or 2(d), the Company shall also pay you the Severance Payment. The Severance Payment, if any, will be paid out to you pro rata on the Company’s regular paydays over the course of the twelve (12) month period beginning on the Date of Termination and in such amounts as you would have otherwise received if you were still employed by the Company and receiving your Base Salary. For the sake of clarity, your COBRA rights, if any, will commence effective as of the Date of Termination, and not at the conclusion of the payment of the Severance Payment. If your employment hereunder terminates or is terminated by you for any reason other than Good Reason, or by the Company for any reason other than Without Cause (including by reason of your death or Disability), you shall not be entitled to the Severance Payment, any payment in lieu of notice of termination or any similar payment in respect of such termination other than Outstanding Amounts payable to you up to the Date of Termination. Following your termination, in no event shall you receive any amount from the Company in excess of the aggregate of the Outstanding Amounts and the Severance Payment. Notwithstanding anything herein to the contrary, if you are a “specified employee” within the meaning of Treasury Regulation Section 1.409A-l(i) (or any successor thereto) on your Date of Termination, any Severance Payment that is in excess of the amount that qualifies as separation pay under Treasury Regulation Section 1.409A-1(b)(9) shall not begin to be paid until six months after your Date of Termination, and at that time, you will receive in one lump sum payment all of the Severance Payment that would have been paid to you during the first six months following your Date of Termination. The Company shall determine, consistent with any guidance issued under Code Section 409A, the portion of Severance Payments that are required to be delayed, if any. Except as otherwise explicitly stated in this Agreement, any benefits to which you or your beneficiaries may be entitled under any benefit plans in which you participate by reason of your employment with the Company shall be determined as of the Date of Termination in accordance with the terms of such plans, and you and your beneficiaries shall cease to accrue any benefits under such benefit plans ...
Termination Entitlements. 18.1 If the required notice of termination is given, an employee who voluntarily leaves the employ of CLS will receive any unpaid wages, vacation pay and any accumulated Named Holiday pay (including the Floater Holiday) on the day on which she terminates her employment.
18.2 If proper notice of termination is not given, the employee will be paid in accordance with the Employment Standards Code, unless CLS waives the application of this clause.
18.3 An employee who is dismissed by CLS will receive any unpaid wages, vacation pay and any accumulated Named Holiday pay (including the Floater Holiday) at the time she leaves.
Termination Entitlements. This Section sets forth scenarios under which Executive’s employment may terminate along with the payments and benefits due Executive under each scenario. Unless explicitly set forth in this Section 3 and subject to Section 19, Executive has no rights to receive payments or benefits due to the termination of Executive’s employment.
Termination Entitlements. 12.5.1 All termination entitlements such as unpaid wages and unused annual leaves, shall be paid out to the Employee’s as soon as practicable.
Termination Entitlements. This Section sets forth scenarios under which Executive’s employment may terminate along with the payments and benefits due Executive under each scenario. Unless explicitly set forth in this Section 3 and subject to Section 19, Executive has no rights to receive payments or benefits due to the termination of Executive’s employment. If Executive is employed in Canada, severance payment payable to Executive hereunder is intended to be payment of a retiring allowance under the Income Tax Act (Canada).
3.1 By Univar with Cause or by Executive without Good Reason. If Univar terminates Executive’s employment for Cause (as defined below) or if Executive terminates Executive’s employment without Good Reason (as defined below), Univar shall pay Executive any unpaid wages and unused accrued vacation earned through the termination date. 3.1.1. “Cause,” shall mean Executive’s: (i) willful failure to perform material duties with respect to Univar (except where due to a physical or mental incapacity) which continues beyond fifteen (15) days after a written demand for performance of those duties is delivered to Executive by Univar; (ii) conviction of, plea of nolo contendere or any similar plea to (A) the commission of a felony or any criminal offence that carries a maximum sentence of six (6) months or more; (B) any misdemeanor that is a crime of moral turpitude; (iii) gross negligence or willful or gross misconduct in connection with Executive’s employment; (iv) engaging in outrageous activity or in any activity or behavior that is in violation of Univar’s code of conduct, as that may be in effect from time to time, where such activity or behavior is reasonably likely to cause material harm to Univar; (v) breach of the non-competition, non-solicitation or confidentiality covenants to which Executive is subject; or (vi) breach of any fiduciary duty. In order to be “willful,” Executive’s action or inaction must be in bad faith or without reasonable belief that such action was in the best interests of Univar. For purposes of this Agreement, Univar shall not treat the failure of Executive or Univar to achieve performance goals alone as creating Cause for termination of Executive’s employment. 3.1.2. “Good Reason,” shall mean: (i) Subject to the requirements of Section 3.1.2(i), the occurrence of one or more of the following: (A) a material reduction in Executive’s Base Salary (as defined below) or a material reduction in target annual incentive compensation opportunity, in...
Termination Entitlements. If Chairman’s employment is terminated by the Company Without Cause prior to the end of the Initial Period or Renewal Period, he shall be entitled to (i) any accrued but unpaid portion of your Salary, (ii) any reimbursement of expenses properly incurred in the course of the employment by the Company (collectively referred to herein as your “Outstanding Amounts”), up to the effective date of the termination of your employment by the Company (the “Date of Termination”) and (iii) a lump sum, payable within thirty (30) days of the Date of Termination, representing liquidated damages in the amount of your Salary that would otherwise be payable over the remainder of the Term.
Termination Entitlements. For greater certainty, effective immediately prior to the Time of Closing the Continued Employees shall be considered to have terminated their employment with Vendor for purposes of Vendor's Pension Plan, Vendor's Savings Plan and other applicable employee plans and they shall be entitled to such options with respect to their entitlements under such plans as are generally available to terminated employees of Vendor under such plans in accordance with their respective terms. Vendor shall also pay each Continued Employee any incentive payments (at the target level) which have accrued in respect of those Continued Employees during the period from January 1, 2004 until the Time of Closing.
Termination Entitlements include accumulated annual leave and wages for work completed up to and including the notice period. Unused personal leave shall not be paid out upon termination, however personal leave, and any other leave taken in advance shall be deducted from final termination payment. In the case that advanced leave taken exceeds the final wages payment, the Employee shall repay the amount owing to the Company within four (4) weeks of termination. Long Service Leave termination entitlements shall be paid in accordance with the statutory entitlement.
Termination Entitlements. If your employment is terminated under Section 2 of this Agreement, you shall be entitled to the Outstanding Amounts and no other payment or amounts. For the sake of clarity, your COBRA rights, if any, will commence effective as of the Date of Termination. Following your termination, in no event shall you receive any amount from the Company in excess of the aggregate of the Outstanding Amounts. Except as otherwise explicitly stated in this Agreement, any benefits to which you or your beneficiaries may be entitled under any benefit plans in which you participate by reason of your employment with the Company shall be determined as of the Date of Termination in accordance with the terms of such plans, and you and your beneficiaries shall cease to accrue any benefits under such benefit plans from and after the Date of Termination. To the fullest extent not otherwise limited by statute, you agree that the amounts payable pursuant to this Section 4, upon termination of this Agreement and your employment hereunder, shall be reduced by the amount of any payments that the Company is obligated to make to you by reason of such termination pursuant to applicable employment standards legislation.
