VESTING OF OPTIONS AND OTHER BENEFITS Sample Clauses

VESTING OF OPTIONS AND OTHER BENEFITS. Whether or not ------------------------------------- Executive terminates his employment pursuant to this Section 5.6, all Options and related stock appreciation rights outstanding at the time of the Change in Control shall vest and become exercisable for all of the underlying shares of CPC common stock immediately prior to the effective date of such Change of Control, and any restrictions or forfeiture provisions applicable to any shares of CPC common stock or stock units awarded to Executive under any plan or arrangement maintained by CPC for his benefit shall lapse immediately upon such effective date. Executive may exercise his Options or related stock appreciation rights at any time until the earlier of (i) the specified -------- expiration date of the option term or (ii) the expiration of the twelve (12)- month period measured from his termination date, and any Options or stock appreciation rights not exercised prior to the applicable expiration date shall lapse.
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VESTING OF OPTIONS AND OTHER BENEFITS. Whether or not Xxxxx ------------------------------------- terminates her employment pursuant to this Section 5.6, all Options and related stock appreciation rights outstanding at the time of the Change in Control shall vest and become exercisable for all of the underlying shares of CPC common stock immediately prior to the effective date of such Change of Control, and any restrictions or forfeiture provisions applicable to any shares of CPC common stock or stock units awarded to Xxxxx under any plan or arrangement maintained by CPC for her benefit shall lapse immediately upon such
Sample 1

Related to VESTING OF OPTIONS AND OTHER BENEFITS

  • Compensation and Other Benefits Subject to the provisions of this Agreement, the Company shall pay and provide the following compensation and other benefits to the Executive during the Term as compensation for services rendered hereunder:

  • Vacation and Other Benefits Each Contract Year, Executive shall be entitled to four (4) weeks of paid vacation in accordance with Employer’s applicable policies and procedures for executive-level employees. Executive shall also be eligible to participate in and receive the fringe benefits generally made available to other executive-level employees of Employer in accordance with and to the extent that Executive is eligible under the general provisions of Employer’s fringe benefit plans or programs; provided, however, that Executive understands that these benefits may be increased, changed, eliminated or added from time to time during the Term as determined in Employer’s sole and absolute discretion.

  • Insurance and Other Benefits During the Employment Period, the Executive and the Executive’s dependents shall be entitled to participate in the Company’s insurance programs and any ERISA benefit plans, as the same may be adopted and/or amended from time to time (the “Benefits”). The Executive shall be entitled to paid personal days on a basis consistent with the Company’s other senior executives, as determined by the Board. The Executive shall be bound by all of the policies and procedures established by the Company from time to time. However, in case any of those policies conflict with the terms of this Agreement, the terms of this Agreement shall control.

  • Executive Perquisites, Benefits and Other Compensation Employee shall be entitled to receive additional benefits and compensation from the Company in such form and to such extent as specified below:

  • Expenses and Other Benefits 6.1 The Company shall promptly reimburse to the Executive all reasonable travel and other out of pocket expenses properly incurred by him in the performance of his duties under the Employment. The Executive will submit claims for expenses reimbursement to the Company regularly with appropriate supporting documentation.

  • Expense Reimbursement and Other Benefits (a) During the term of Executive’s employment hereunder, pursuant to Applica’s Travel and Expense Policy and upon the submission of proper substantiation by the Executive, including copies of all relevant invoices, receipts or other evidence reasonably requested by Applica, Applica shall reimburse the Executive for all reasonable expenses actually paid or incurred by the Executive in the course of and pursuant to the business of Applica or any Affiliates.

  • Relationship to Other Benefits No payment under the Plan shall be taken into account in determining any benefits under any pension, retirement, profit sharing, group insurance or other benefit plan of the Company except as otherwise specifically provided in such other plan.

  • COMPENSATION AND OTHER FEES As compensation for the services provided by Xxxxxx xxxxxxxxx, the Company agrees to pay to Xxxxxx:

  • Participation in Retirement, Medical and Other Plans The Executive shall participate in any plan that the Company maintains for the benefit of its employees if the plan relates to (i) pension, profit-sharing, or other retirement benefits, (ii) medical insurance or the reimbursement of medical or dependent care expenses, or (iii) other group benefits, including disability and life insurance plans.

  • Other Benefits During the Term, the Executive shall be eligible to participate in or receive benefits under the Company’s employee benefit plans in effect from time to time, subject to the terms of such plans.

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