Xxxxxxxxx Benefit. In the event Executive's employment with the Company is Terminated Without Cause, other than due to death, or Disability, or in the event there is a Constructive Termination Without Cause, in each case within two years following a Change in Control, Executive shall be entitled to receive:
Xxxxxxxxx Benefit. If Employee is terminated by reason of an Involuntary Termination of Employee's employment (other than a Termination for Cause), the Company will make a severance payment to Employee in an aggregate amount equal to the sum of one (1) times Employee's then-current annual rate of base salary in monthly installments over a one year period following the date of Employee's Involuntary Termination.
Xxxxxxxxx Benefit. As payment in full of its obligations under the Employment Agreement to pay severance benefits upon an Involuntary Termination, the Company will pay to Xx. Xxxxxx, an aggregate amount equal to $305,000 in monthly installments over a twelve (12) month period following the Termination Date and will continue for a period of 12 months after the Termination Date , all health benefits to which Xx. Xxxxxx is currently entitled, pursuant to his Employment Agreement.
Xxxxxxxxx Benefit. If the Employment Term expires as a result of the Corporation delivering a Non-Extension Notice to Executive, then upon the expiration of the Employment Term, the Corporation shall be obligated to pay Executive the applicable amounts specified in Section 12(a) unless such Notice is delivered by the Corporation within twelve (12) months following a change in Control (as hereinafter defined), in which event the Corporation shall be obligated to pay Executive the applicable amounts specified in Section 12(b).
Xxxxxxxxx Benefit. If the Employment Term ends as a result of either (i) the Executive terminating his employment pursuant to Section 9(f) hereof, or (ii) the Corporation terminating Executive's employment pursuant to Section 9(d) hereof, then upon the expiration of the Employment Term, the Corporation shall be obligated to pay Executive the applicable amounts specified in Section 10.
Xxxxxxxxx Benefit. In the event the Executive's employment ----------------- hereunder is terminated pursuant to Sections 5.d. or 5.f. hereof, on the date of such termination, the Executive shall be entitled to receive a lump sum payment equal to twelve (12) months of Base Salary, plus any accrued but unpaid Annual Bonus which the Executive has earned pursuant to Section 3.a. of this Agreement.
Xxxxxxxxx Benefit. Beginning September 1, 2003, upon termination of an employee with at least twenty (20) years of regular service in the West Springfield Public School System by retirement, voluntary separation or death, the Committee shall pay to the terminated employee or his/her personal representative the sum of twenty-five ($25) per day of sick leave up to a maximum of one hundred fifty (150) days with a maximum payment of three thousand, seven hundred fifty dollars ($3,750).
Xxxxxxxxx Benefit. A supervisor with at least ten (10) years employment in the District will be provided a severance benefit of one week’s salary for each year of employment in the District. Payment shall be based on the annual salary earned during the last full school year prior to retirement and shall be made under the following conditions:
Xxxxxxxxx Benefit. After ten (10) years of continuous employment by the District, teachers who terminate their employment with the District, regardless of the reason, shall receive a lump sum payment equal to $10 per day times the number of unused, accumulated sick leave days, up to a total of 75 days. The severance payment shall be issued at the same time as the teacher's contracted salary payment. The total liability of the school district for all severance pay benefits in any one school year shall not exceed eight hundred fifty dollars ($850). If more than one teacher is entitled to receive severance pay benefits, the eight hundred fifty dollars ($850) shall be prorated between them, based on their respective number of unused sick leave days.
Xxxxxxxxx Benefit. The Company will make a severance payment to Employee, in one lump sum within thirty (30) days of the date of his Involuntary Termination, in an aggregate amount equal to two (2) times Employee's then- current rate of base salary. Employee may elect, in his sole discretion, to have the severance benefit payable pursuant to this Section 9.A. in monthly installments over a one year period following the date of his Involuntary Termination.
