Common use of TRANSITION COMPENSATION AND BENEFITS Clause in Contracts

TRANSITION COMPENSATION AND BENEFITS. In consideration and compensation for Executive's services during the Transition Period, Cadence will provide the following to Executive: a. a monthly salary of $2,000 less applicable tax withholdings and deductions, payable in accordance with Cadence's regular payroll schedule; b. continued vesting of stock options and restricted stock granted to Executive prior to the Termination Date, provided that Executive has executed all necessary stock option and restricted stock agreements on or before<>, and with the understanding that upon Executive's Termination Date, all vested options may be exercised in accordance with the applicable stock option agreement, any unvested options will expire, and any unvested restricted stock will be forfeited; and c. if Executive elects to continue coverage under Cadence's medical, dental, and vision insurance plans pursuant to COBRA following the Transition Commencement Date, Cadence will pay Executive's COBRA premiums during the Transition Period. Except as so provided, Executive will receive no other compensation or benefits from Cadence in consideration of Executive's services during the Transition Period.

TRANSITION COMPENSATION AND BENEFITS. In consideration and compensation for Executive's services during the Transition Period, Cadence will provide the following to Executive: a. a monthly salary of $2,000 less applicable tax withholdings and deductions, payable in accordance with Cadence's regular payroll schedule; b. continued vesting of stock options and restricted stock granted to Executive prior to the Termination Date, provided that Executive has executed all necessary stock option and restricted stock agreements on or beforebefore <>, and with the understanding that upon Executive's Termination Date, all vested options may be exercised in accordance with the applicable stock option agreement, any unvested options will expire, and any unvested restricted stock will be forfeited; and c. if Executive elects to continue coverage under Cadence's medical, dental, and vision insurance plans pursuant to COBRA following the Transition Commencement Date, Cadence will pay Executive's COBRA premiums during the Transition Period. Except as so provided, Executive will receive no other compensation or benefits from Cadence in consideration of Executive's services during the Transition Period.

TRANSITION COMPENSATION AND BENEFITS. In consideration and compensation for Executive's services during the Transition Period, Cadence will provide the following to Executive: a. a monthly salary of $2,000 less applicable tax withholdings and deductions, payable in accordance with CadenceCxxxxxx's regular payroll schedule; b. continued vesting of stock options and restricted stock granted to Executive prior to the Termination Date, provided that Executive has executed all necessary stock option and restricted stock agreements on or beforebefore <>, and with the understanding that upon Executive's Termination Date, all vested options may be exercised in accordance with the applicable stock option agreement, any unvested options will expire, and any unvested restricted stock will be forfeited; and; c. if Executive elects to continue coverage under CadenceCxxxxxx's medical, dental, and vision insurance plans pursuant to COBRA following the Transition Commencement Date, Cadence will pay Executive's COBRA premiums during the Transition Period; and d. continued access to Cadence voicemail. Except as so provided, Executive will receive no other compensation or benefits from Cadence in consideration of Executive's services during the Transition Period.

TRANSITION COMPENSATION AND BENEFITS. In consideration and compensation for Executive's services during the Transition Period, Cadence will provide the following to Executive: a. a monthly salary of $2,000 less applicable tax withholdings and deductions, payable in accordance with Cadence's regular payroll schedule; b. continued vesting of stock options and restricted stock granted to Executive prior to the Termination Date, provided that Executive has executed all necessary stock option and restricted stock agreements on or before<>agreements, and with the understanding that upon Executive's Termination Date, all vested options may be exercised in accordance with the applicable stock option agreement, any unvested options will expire, and any unvested restricted stock will be forfeited; and; c. if Executive elects to continue coverage under Cadence's medical, dental, and vision insurance plans pursuant to COBRA following the Transition Commencement Date, Cadence will pay Executive's COBRA premiums during the Transition Period; and d. continued access to Cadence voicemail. Except as so provided, Executive will receive no other compensation or benefits from Cadence in consideration of Executive's services during the Transition Period.