Termination Payment and Benefits Sample Clauses

Termination Payment and Benefits. The parties hereto agree that the obligations of the Company and the Employer to the Executive pursuant to Section 3 of the Plan and the Letter Agreement (other than the obligation to pay or provide the Accrued Benefit) will be satisfied in connection with the termination of the Executive’s employment with the Employer on the Separation Date if the Employer shall pay or provide, or cause to be paid or provided, the following payments and benefits to the Executive (collectively, the “Severance Benefits”):
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Termination Payment and Benefits. In the event of termination of the Employee's employment under this Agreement by the Company under Section 4(A)(i), the Employee shall only be entitled to receive the monthly installment of his Base Salary being paid at the time of such termination and, notwithstanding anything to the contrary herein contained, the Employee shall receive all compensation, expense reimbursements and other benefits to which he is otherwise entitled hereunder through the date of the Employee's termination for Cause and, in addition, shall receive all other benefits to which he is otherwise entitled under any benefit plans as then in effect or otherwise under this or any other agreement. If this Agreement is terminated pursuant to Section 4(A)(ii), the Company shall be obligated to pay to the Employee a severance payment equal to the average of the Employee's annual total compensation reportable by the Company on Form W-2 (i.e., base salary, plus bonus amounts and all other taxable compensation) over the five (5) fiscal years of the Company (or such shorter period that the Employee has been employed by the Company) immediately prior to such termination, multiplied by three (3). Such severance payment shall be payable in a lump sum payment within fifteen (15) days of the termination of the Employee's employment. If this Agreement is terminated pursuant to Section 4(A)(ii), until the Employee reaches age 85, the Employee and his wife, and each of their children until they reach the age of 21, shall also each be entitled to receive, without premium, co-pay or deductible charges, full health and medical, dental and vision care as provided by the Company to its senior executive employees; provided, that the Employee and his wife shall not be limited to their choice(s) of doctor or the location(s) at which such care is provided. If, after this Agreement is terminated pursuant to Section 4(A)(ii), the Employee dies prior to reaching age 85, his wife shall continue to receive such health care benefits on the same terms and conditions, until the date when the Employee would have otherwise reached age 85 but for his death, and each of their children shall continue to receive such health care benefits on the same terms and conditions until they reach age 21."
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Termination Payment and Benefits. Executive hereby agrees to accept, as full and final consideration for Executive's promises, obligations and release set forth herein, and in settlement of any and all claims as particularly set forth below, the following:
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Termination Payment and Benefits. If the Executive's employment hereunder is terminated by the Executive by Permitted Resignation or by the Company other than for Cause, prior to the end of the term of this Agreement then the Company shall be obligated to pay to the Executive certain termination payments and make available certain benefits, as follows:
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Termination Payment and Benefits. Provided that Executive does not resign from employment with Cadence and Cadence does not terminate Executive's employment with Cadence due to a breach by Executive of Executive's duties under this Agreement, upon the Termination Date, and in consideration for Executive's acceptance of this Agreement and Executive's further execution of a Release of Claims in the form of Attachment 2 to this Agreement, Cadence will provide to Executive within ten business days after the expiration of the revocation period of the Release of Claims (as defined in that document) the following termination payment to which Executive would not otherwise be entitled:
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Termination Payment and Benefits. (i) In the event that Executive’s employment is terminated for any reason, she shall receive: (1) payment for any accrued but unpaid Base Salary and benefits up to the Date of Termination; (2) any then unpaid Annual Bonus with respect to the year prior to the year in which the Notice of Termination is provided (except in the event of a termination for Cause), but in no event later than the date that is two and one-half (2½) months following the last day of the fiscal year in which such Notice of Termination is provided; (3) any accrued but unused vacation; and (4) any accrued but unpaid reimbursable expenses up to the Date of Termination (all of the foregoing, the “Accrued Benefits”).
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Termination Payment and Benefits. Subject to Sections 5 and 6 below, Executive shall receive, following the occurrence of a Qualifying Termination, the following (the “Severance Payment and Benefits”):
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Termination Payment and Benefits. In lieu of any and all payments or other benefits otherwise due to the Executive pursuant to Section 4 of the Employment Agreement (other than the Accrued Benefit), the Employer shall pay or provide, or cause to be paid or provided, the following payments and benefits to the Executive:
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Termination Payment and Benefits 
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Related to Termination Payment and Benefits

  • Termination Payments and Benefits Regardless of the circumstances of the Executive’s termination, Executive shall be entitled to payment when due of any earned and unpaid base salary, expense reimbursements and vacation days accrued prior to the termination of Executive’s employment, and other unpaid vested amounts or benefits under Company retirement and health benefit plans, and, as applicable, under Equity Agreements in accordance with their terms, and to no other compensation or benefits.

  • Payment and Benefits In consideration of the promises made in this Release, Employer has agreed to pay Executive the benefits as provided in that certain employment agreement made and entered into as of _________________________, by and between the Parties (the “Employment Agreement”). Executive understands and acknowledges that the benefits described in this Section 2 constitute benefits in excess of those to which Executive would be entitled without entering into this Release. Executive acknowledges that such benefits are being provided by Employer as consideration for Executive entering into this Release, including the release of claims and waiver of rights provided in Section 3 of this Release.

  • Separation Payments and Benefits Without admission of any liability, fact or claim, the Company hereby agrees, subject to Executive’s timely execution and non-revocation hereof and Executive’s compliance with Executive’s obligations pursuant to this Agreement and the Surviving Provisions, to provide Executive the severance payments and benefits set forth below:

  • Severance Payments and Benefits For purposes of this Agreement, the term "Severance Payments and Benefits" shall mean:

  • Termination Benefits (a) If Executive’s employment is voluntarily (in accordance with Section 2(a) of this Agreement) or involuntarily terminated within two (2) years of a Change in Control, Executive shall receive:

  • Other Payments and Benefits On any termination of employment, including, without limitation, termination due to the Employee’s death or Disability (as defined in Section 10) or for Cause, the Employee shall receive any accrued but unpaid salary, reimbursement of any business or other expenses incurred prior to termination of employment but for which the Employee had not received reimbursement, and any other rights, compensation and/or benefits as may be due the Employee in accordance with the terms and provisions of any agreements, plans or programs of the Company (but in no event shall the Employee be entitled to duplicative rights, compensation and/or benefits).

  • Severance Payments; Salary and Benefits The Company agrees to provide Executive with the severance payments and benefits described in Section 4(b) [and Section 4(c)] of the Employment Agreement, payable at the times set forth in, and subject to the terms and conditions of, the Employment Agreement. In addition, to the extent not already paid, and subject to the terms and conditions of the Employment Agreement, the Company shall pay or provide to Executive all other payments or benefits described in Section 3(c) of the Employment Agreement, subject to and in accordance with the terms thereof.

  • Accrued Compensation and Benefits Notwithstanding anything to the contrary in Section 2 and 3 above, in connection with any termination of employment upon or following a Change in Control (whether or not a Qualifying Termination or CIC Qualifying Termination), the Company or its subsidiary shall pay Executive’s earned but unpaid base salary and other vested but unpaid cash entitlements for the period through and including the termination of employment, including unused earned vacation pay and unreimbursed documented business expenses incurred by Executive prior to the date of termination (collectively “Accrued Compensation and Expenses”), as required by law and the applicable Company or its subsidiary, as applicable, plan or policy. In addition, Executive shall be entitled to any other vested benefits earned by Executive for the period through and including the termination date of Executive’s employment under any other employee benefit plans and arrangements maintained by the Company or its subsidiary, as applicable, in accordance with the terms of such plans and arrangements, except as modified herein (collectively “Accrued Benefits”). Any Accrued Compensation and Expenses to which the Executive is entitled shall be paid to the Executive in cash as soon as administratively practicable after the termination, and, in any event, no later than two and one-half (2-1/2) months after the end of the taxable year of the Executive in which the termination occurs or at such earlier time as may be required by applicable law or Section 10 below, and to such lesser extent as may be mandated by Section 9 below. Any Accrued Benefits to which the Executive is entitled shall be paid to the Executive as provided in the relevant plans and arrangements.

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

  • Additional Payments and Benefits The Executive shall also be entitled to:

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