Termination of Certain Benefits. Coverage under the arrangements described in Section 2(b) shall end upon the Florsheim’s date of termination of employment (or earlier death described in Section 3(e) or earlier disability described in Section 3(d)); provided, however, that Florsheim (or his beneficiaries) shall be permitted to elect COBRA continuing health benefits coverage in accordance with the usual rules of the Company’s health plan and such coverage shall be continued in accordance with those rules so long as Florsheim or his beneficiaries pays the full COBRA premium generally applicable to other terminating employees (and their beneficiaries).
Termination of Certain Benefits. Notwithstanding anything in this Agreement to the contrary, Employee’s rights pursuant to Section 4(a)(1) shall terminate upon a Change of Control.
Termination of Certain Benefits. Notwithstanding anything to the contrary in this Agreement, upon termination of Employee’s employment, regardless of the reason or circumstances, the Employee’s active participation in the GP Retirement Savings Plan shall end and the Employee shall cease to receive employer matching contributions except with respect to employee deferrals made prior to termination of his/her employment.
Termination of Certain Benefits. The Board of Directors has terminated and rescinded all prior resolutions of the Board of Directors approving or granting any past or present executive or non-executive director or former director of the Corporation and/or such director’s respective affiliates any benefits, other than cash and equity compensation for service as a director that is expressly disclosed in the Company SEC Documents or any filings made by such directors under the Exchange Act after September 29, 2012 but prior to the date hereof; provided, however, that the Corporation is authorized and empowered to honor benefits or entitlements previously granted to current directors of the Corporation subject to a cap in out-of-pocket cost to the Corporation incurred on or after the date hereof of $100,000 in the aggregate for all directors (past or present), such benefit and the entitlement of any person thereunder to be administered by the Compensation Committee of the Board of Directors as in effect from time to time.
Termination of Certain Benefits. Following New Employment............. 9 9.
Termination of Certain Benefits. Effective on the date hereof, except as provided herein, Rizzx'x xxxticipation in all Company benefit plans will terminate, including, without limitation, the Employee's participation in the following benefits:
Termination of Certain Benefits. 25 (x) Calixx Xxxsulting Agreement . . . . . . . . . . . . . . . . . . . . . . . . 25 7.2 Conditions to Seller's and the Company's Obligations . . . . . . . . . . . . . . . . . . . . 25 (a) Covenants, Representations and Warranties . . . . . . . . . . . . . . . . . . . . . . 26 (b) Consents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 (c) Documents to be Delivered by Buyer . . . . . . . . . . . . . . . . . . . . . . . . . 26 (i) Escrow Agreement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 (ii) Calixx Xxxsulting Agreement . . . . . . . . . . . . . . . . . . . . . . . . 26 (iii) Calixx Xxxity Arrangements . . . . . . . . . . . . . . . . . . . . . . . 26 (iv) Employment Agreements . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 (d) Payments to Sellers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 Waivers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26
Termination of Certain Benefits. The Company shall have provided evidence satisfactory to Buyer of the assignment to Sellers or their nominees or the termination of all life insurance policies covering the lives of, and leases for automobiles used by, the Sellers or any other employee of the Company.
Termination of Certain Benefits. You further acknowledge and agree that the following benefits will terminate as set forth below.
Termination of Certain Benefits a. MMC shall maintain, for Cherkasky’s benefit, the February 2008 offsite office sublease with respect to the office space on the 15th floor at 800 Xxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx, provided under Paragraph 2(f) of the MMC Separation Agreement, through March 31, 2009, provided that USIS shall assume and expressly indemnify MMC for each and every obligation and liability that has, will or may arise from the sublease agreement, including, without limitation, the entirety of the monthly rent, any real estate tax escalation payments, any electricity payments, any insurance obligations and any liabilities associated with the use and/or maintenance of the space, arising or accruing from and after the Effective Date through March 31, 2009. MMC promptly shall provide to USIS copies of all notices and other communications received by MMC from the landlord or the tenant under the sublease agreement during the period from the Effective Date through March 31, 2009.
