Transition Payments. In the event that Wal-Mart should initiate the termination of the Associate's employment, Wal-Mart will, for a period of two (2) years from the effective date of such termination ("the Transition Period"), continue to pay the Associate his or her base salary at the rate in effect on the date of termination, subject to such withholding as may be required by law and subject to the following conditions and offsets:
Transition Payments. If the transition responsibilities outlined in Section 2.16.9, Contractor Transition Responsibilities, arise based on a termination of this Contract, reimbursement will be governed by the provisions of Section 2.16,
Transition Payments. For purposes of this Agreement, the term “Transition Period” means a period of two (2) years from the effective date of Associate’s termination of employment with Walmart. If Walmart terminates Associate’s employment, Walmart will pay Associate during the Transition Period an amount equal to Associate’s base salary at the rate in effect on the date of termination (“Transition Payments”), subject to such withholding as may be required by law and subject to the conditions set forth in this Section 2. Transition Payments will commence and be paid at the times and in the amounts provided in Section 2(E).
Transition Payments. To induce the Company’s affiliates to enter into the transactions contemplated by the Merger Agreement, for which you will receive substantial benefit, you, Medex and the Company hereby agree that (a) the benefits under Section 6(c) of the Agreement (the “Change in Control Benefits”), (b) the remaining payments to be made in accordance with Section 7 of the Agreement (the “Compete Payment”), and (c) your bonus for the 2004 fiscal year (the “Bonus Payment,” and together with the Change in Control Benefits and the Compete Payment, the “Transition Payments”) shall be paid in accordance with Section 3 below. You further agree that you will not be entitled to receive the Compete Payment or the Bonus Payment if you voluntarily terminate your employment with Medex during the Transition Period (as defined in Section 3 below), and you will not be entitled to receive the Change in Control Benefits if you voluntarily terminate your employment with Medex before the first anniversary of Closing. It is understood and agreed by the parties that any termination for Good Reason (as defined below) shall not be deemed to be a voluntary termination for purposes of this letter. “Good Reason” shall mean (A) a material breach by Medex of any material obligation under the Agreement that is not curable or that is not cured within 30 days after written notice thereof from you to Medex or (B) your relocation from the present metropolitan area of employment, without your consent.
Transition Payments. The Associate shall receive total payments of $4,500,000, less applicable withholding (the “Transition Payments”). As soon as practical after the Retirement Date, but not to exceed 45 days after the Retirement Date, the Associate will receive the first installment of the Transition Payments in a lump-sum payment in the amount of $3,000,000, less applicable withholding. Thereafter, the Associate shall receive the remaining $1,500,000 of the Transition Payments, less applicable withholding, over an eighteen (18) month period in equal bi-weekly installments beginning at the end of the regularly scheduled pay period six (6) months after the Retirement Date. Such amounts are inclusive of all amounts to which the Associate would have been entitled under the Post Termination Agreement and Covenant Not to Compete entered into as of March 30, 2010 between the Associate and Walmart (the “Non-Competition Agreement”).
Transition Payments. The Associate and Wal-Mart agree that the existing language in the Transition Agreement concerning the timing of post-employment payments shall be superseded by the following language: The Associate will receive Transition Payments based on the Associate’s base salary on the date of termination (the “Salary”). The first Transition Payment shall be an amount equal to six months’ Salary, less applicable withholding, and shall be paid on the date of termination or as soon thereafter as practical. Subsequent Transition Payments shall commence at the end of the regularly scheduled pay period six months after the date of termination, and each such payment shall be an amount equal to the Associate’s biweekly Salary payment, less applicable withholding, which will continue for the period set forth in the Transition Agreement. APPROVED AND AGREED: WAL-MART STORES, INC.
Transition Payments. In consideration of the performance by ------------------- Supplier of the services contemplated by this Agreement with respect to the Transition of Products, including without limitation the services set forth in this Article XVIII, GWI shall pay to Supplier the amounts set forth on Schedule -------- 18.3 attached hereto and incorporated herein by reference, which amounts shall ---- be invoiced to GWI by Supplier monthly in arrears and due within thirty (30) days after receipt of such invoice. The parties acknowledge and agree that they will mutually work to complete Schedule 18.3 promptly after the Effective Time ------------- and will evidence their agreement by attaching an initialed copy of such Schedule to each original execution copy of this Agreement.
Transition Payments. Roche shall make a first transition payment to Caliper in the amount of [ * ] within thirty (30) days after the Effective Date and receipt of an invoice for that amount. Roche shall make a second transition payment to Caliper in the amount of [ * ] within thirty (30) days after delivery of the Instrument specified in Art. 2.5 below and receipt of an invoice for that amount.
Transition Payments. Commencing on your Effective Date and for the duration of your Transition Period, you will receive from the Company twenty-six (26) bi-weekly payments equal to $79,400 each, less applicable withholdings and according to normal payroll procedures.
Transition Payments. Subject to compliance with the terms and conditions of this Agreement, and specifically Sections 4(b)(iv), 5, 6, 7, 8, and 9, the Associate shall receive total transition payments of $1,891,126, less applicable withholding (the “Transition Payments”). As soon as practical after the Retirement Date, but not to exceed 45 days after the Retirement Date, the Associate will receive the first installment of the Transition Payments in a lump-sum payment in the amount of $472,782, less applicable withholding. Thereafter, the Associate shall receive the remaining $1,418,344 of the Transition Payments, less applicable withholding, over an eighteen (18) month period in equal bi-weekly installments beginning at the end of the regularly scheduled pay period six (6) months after the Retirement Date. Such amounts are inclusive of all amounts to which the Associate would have been entitled under the Post-Termination Agreement and Covenant Not to Compete entered into as of March 23, 2010 between the Associate and Walmart (the “Non-Competition Agreement”).
