Transition Payments and Benefits. In connection with the Executive’s “separation from service” under Section 409A from the Company, on the Transition Date, the Company shall pay or provide to the Executive the payments and benefits set forth in this Section 2.
Transition Payments and Benefits. In consideration of Colleague’s waiver of the FY23 Bonus, FY21 RSUs and FY21 PSUs, as provided in Section 3, and provided that Colleague complies in all respects with the requirements of this Agreement (specifically including Section 2) and executes and does not revoke this Agreement, during the Transition Period, Energizer shall: (i) continue to pay Colleague’s current base salary as in effect on the Effective Date and offer the same benefits as are available to other similarly situated executives, subject to the terms and conditions of each applicable benefit plan and this Agreement; (ii) reimburse Colleague for any unreimbursed expenses properly incurred in accordance with, and subject to, Energizer’s regular policies in effect from time to time regarding reimbursement of expenses during the Transition Period; (iii) make a one-time lump sum payment to Colleague equal to the value as determined in the sole discretion of Energizer of the FY23 Bonus, to the extent the threshold performance goals are achieved under the terms of the Bonus Plan, which shall be payable no later than December 15, 2023; (iv) make a one-time lump sum payment to Colleague in an amount equal to the number of shares underlying the FY21 RSUs multiplied by $32.85, plus accrued dividends, and 35% of the number of shares that may be earned at target performance under the FY21 PSUs multiplied by $32.85, plus accrued dividends, in each case as determined in the sole discretion of Energizer, which shall be payable no later than February 15, 2024; and (v) make a one-time lump sum cash payment to Colleague equal to 50% (the portion of the Bonus Plan year occurring prior to the Separation Date) of Colleague’s target cash bonus for the Bonus Plan year ending September 30, 2024, which shall be payable no later than December 31, 2024. Colleague acknowledges that during the Transition Period, she shall remain entitled to participate in Energizer’s benefit plans and programs in effect during the Transition Period in accordance with and subject to the terms of such plans and agrees that through the Separation Date she shall continue to be entitled to any matching contributions that Energizer is permitted to make pursuant to the terms of the plan documents and summary plan description, as amended in 2017, of the Energizer Executive Savings Investment Plan.
Transition Payments and Benefits. Xx. Xxxxxx will be paid a total of Four Hundred and Five Thousand Dollars ($405,000), less all applicable deductions and tax withholdings, as of the Resignation Date. Payment shall be made to Xx. Xxxxxx in twenty-four (24) substantially equal semi monthly installments at regularly scheduled payroll intervals, beginning June 1, 2009, and continuing for eleven (11) consecutive months thereafter; provided, however, that the installments that would normally be paid in the months of June 2009 through December 2009, shall be accumulated without interest and paid to Xx. Xxxxxx at the first regular payroll date in January 2010. For purposes of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), each such installment shall be treated as a separate payment.
Transition Payments and Benefits. In addition to Paragraph 3 above, Employee shall be entitled to:
