Transition Period Compensation and Benefits Sample Clauses

Transition Period Compensation and Benefits. During the Transition Period, Executive shall be paid at the rate of his current base compensation, $315,000 per annum, which amount shall be prorated and paid in accordance with the Company’s standard payroll practices and policies, with the exception that the Company shall pay the to Executive his final prorated installment due hereunder no later than Dec. 30, 2005. During such period, Executive shall further participate, pursuant to paragraph 2(d) of the Employment Agreement, in the Company’s benefit plans, policies, programs and arrangements in which he participates or is otherwise covered as of the Effective Date in accordance with their terms. Executive acknowledges that he shall not be eligible to receive a cash or deferred payment under any bonus plan or similar incentive arrangement with respect to the Company’s fiscal year ended April 30, 2006.
Sample 1
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Transition Period Compensation and Benefits. In consideration for Employee signing this Agreement and the Employment Termination Certificate attached hereto as Exhibit “A” (the “Employment Termination Certificate”), and complying with their terms, the Company agrees to provide Employee the following compensation and benefits.
Sample 1
Transition Period Compensation and Benefits. During the Transition Period, the Company will pay you an annual salary of $35,568, less applicable withholdings. During the Transition Period, you will continue to be eligible to participate in benefits customarily afforded to other employees, including participation in the Company-sponsored health benefit plans, to the fullest extent allowed by the governing plans, agreements, or policies, provided, however, that you will no longer be eligible to participate in the Company’s bonus plans or programs. The RSUs (as defined below) and Unvested Merger Shares (as defined below) will continue to be eligible to vest subject to the terms and conditions set forth in Section 6 below. Further, you must receive written approval from the CEO for any-business related expenses incurred in connection with the Employee Transition Services.
Sample 1
Transition Period Compensation and Benefits. The base salary of WSS at the annual rate of six hundred thousand dollars ($600,000) shall not be reduced during the Term and WSS shall be entitled to remain on the Company's employee benefit programs at the level of coverage he received immediately prior to the Effective Date, subject to the terms of such programs. WSS will not be entitled to an annual incentive cash bonus for 2013 as he will not be employed at the time that the bonus is paid as required by the bonus program terms. WSS shall also be eligible through the end of the Term for all the same perquisites, indemnification and advancement rights and coverage under the Company's D&O insurance policy that WSS was entitled to prior to the Effective Date, as if he remained the Executive Vice President and Chief Financial Officer of the Company through the end of the Term. Following the Term, the Company will not challenge WSS's right to receive unemployment insurance benefits.
Sample 1
Transition Period Compensation and Benefits 
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Related to Transition Period Compensation and Benefits

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

  • 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.

  • Compensation and Benefits As compensation for all services performed by the Executive under and during the term hereof and subject to performance of the Executive’s duties and of the obligations of the Executive to the Company and its Affiliates, pursuant to this Agreement or otherwise:

  • Other Compensation and Benefits Except as may be provided under this Agreement,

  • Vacation and Benefits The Executive is entitled to four (4) weeks of vacation, which will accrue on a pro-rata basis during the employment year, in addition to all public holidays when the office is closed. Executive will be eligible to participate in all employee benefit plans established by the Company for its employees from time to time, subject to general eligibility and participation provisions set forth in such plans. In accordance with Company policies from time to time and subject to proper documentation, the Company will reimburse you for all reasonable and proper travel and business expenses incurred by you in the performance of your duties.

  • Severance Compensation and Benefits Not in Derogation of Other Benefits Anything to the contrary herein contained notwithstanding, the payment or obligation to pay any monies, or granting of any benefits, rights or privileges to Executive as provided in this Agreement shall not be in lieu or derogation of the rights and privileges that the Executive now has or will have under any plans or programs of or agreements with the Company, except that if the Executive received any payment hereunder, the Executive shall not be entitled to any payment under the Company’s severance policy for officers and directors.

  • Compensation and Benefits During Employment During the Employment, the Company shall provide compensation and benefits to the Executive as follows.

  • Severance Payments; Salary and Benefits The Company agrees to provide Employee with the severance payments and benefits described in Section 4(b) 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 Employee all other payments or benefits described in Section 3(c) of the Employment Agreement, subject to and in accordance with the terms thereof.

  • Remuneration and Benefits 3.1 Manitoba shall pay to Employee as remuneration for her services, within the Executive Assistant to the Minister (EXM) classification, a basic annual salary of $58,271 payable in equal bi-weekly installments of $2,233.73, at the accepted regular Manitoba Civil Service pay periods, pro-rated where necessary for any shorter period.

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