Termination of Certain Benefits. Coverage under the arrangements described in Section 2(b) shall end upon 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 The Board of Directors has terminated and rescinded all prior resolutions of the Board of Directors approving or granting any past or present executive or non-executive director or former director of the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.............
Termination of Certain Benefits. You further acknowledge and agree that the following benefits will terminate as set forth below.
A. Your participation in The NASDAQ Stock Market, Inc. 401(k) Savings Plan (the "401(k) Plan") will end on the Termination Date. Your participation in the NASD Employees Retirement Plan (the "Pension Plan") and the NASD's Supplemental Executive Retirement Plan (the "SERP" and with the 401(k) Plan and Pension Plan, the "Plans") will also end on the Termination Date. Any vested plan benefits under any of the Plans will be disbursed as you may direct provided that such direction comports with applicable law and the requirements of the Plans, as such requirements may have been modified by the Employment Agreement. Accordingly, the amount and timing of the payment of your benefits under the 401(k) Plan, the Pension Plan and/or the SERP will be determined under the terms of such plan documents and the Employment Agreement, as applicable. Please refer to the Employment Agreement and the Summary Plan Descriptions related to the Plans that you have previously received for more details.
B. Your participation in the Flexible Spending Accounts, if any, will end on the Termination Date.
C. Your participation, if any, in The NASDAQ Stock Market, Inc. Employee Stock Purchase Plan ("ESPP") will terminate on the Termination Date and dollars contributed during the current offering period through the Termination Date will be refunded to you within 45 days of the Termination Date.
D. Any stock options or other stock based awards granted to you under the NASDAQ Equity Incentive Plan shall be governed by the terms of such plan, and the applicable award agreement entered into by and between you and NASDAQ.
E. Except as may be otherwise provided in the Employment Agreement, your participation in any other benefits other than those stated in paragraph I. and II. above will end on the Termination Date.
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 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.
b. As of August 1, 2008, MMC’s obligations under Paragraph 2(g) of the MMC Separation Agreement to pay any premiums for continuation of Cherkasky’s group welfare plan coverage shall be extinguished.
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:
(a) All awards and vesting under the 1993 Long-Term Incentive Stock Option Plan
(b) All unvested restricted stock awards and vesting under the Company's Amended 1987 Stock Plan
(c) Accrual of further benefits under the Company's cash balance plan
(d) Business travel insurance
(e) Financial/tax planning reimbursement
(f) Company automobile
(g) Office space and secretary support
(h) Aviation benefits
