Xxxxxxxxx Pay and Benefits. The following severance pay and benefits are payable under this Agreement:
Xxxxxxxxx Pay and Benefits. If the Association cancels this Agreement pursuant to Section 5.B or Section 5.C and the Executive suffers a Separation From Service (as defined by Section 409A of the IRS Code), the Executive shall receive Severance Pay in the amount of:
Xxxxxxxxx Pay and Benefits. In consideration for Xxxxxx’x execution of this Agreement, and her release of claims as set forth below, BBI will pay to her as severance pay a lump sum payment of $1,016,664.00 less applicable taxes and withholdings. Such payment will be made through direct deposit on the soonest available pay day on or after the date this Agreement becomes enforceable. As further consideration, the Company will pay to Xxxxxx in one lump sum payment $12,000.00 an amount equal to twelve (12) months of the monthly COBRA premium, grossed up for taxes, that Xxxxxx would be required to pay to continue Xxxxxx’x group health and dental coverage in effect on the Separation Date. This payment will be made regardless of whether Xxxxxx elects COBRA continuation coverage. This payment does not extend the period in which Xxxxxx has to elect COBRA nor does it extend the COBRA continuation period. As further consideration, the Company hereby waives the non-complete provision contained in paragraph 1. Restrictive Covenant of Xxxxxx’x Offer Letter dated September 22, 2021.
Xxxxxxxxx Pay and Benefits. 1. In the even PanAmSat elects to involuntarily terminate the Executive's employment "without Cause" or the Executive terminates his employment for "
Xxxxxxxxx Pay and Benefits. If the Company cancels this Agreement pursuant to Section 5.B or Section 5.C and the Executive suffers a Separation From Service (as defined by Section 409A of the IRS Code), the Executive shall receive Severance Pay in the amount of: (i). The Company shall pay Executive one (1) year of Executive's base annual salary at the rate applicable on the date of cancellation; (ii). the Company shall continue to provide the Executive’s health and life insurance for twelve (12) months; provided, that the Executive has enrolled in and remains eligible for group health plan continuation coverage under Section 4980B (COBRA) of the Internal Revenue Code of 1986, as amended (the “Code”), and the period of coverage provided by the Company under this Section is the group health plan continuation coverage that the Executive would be entitled to under the relevant group health plan, ERISA Section 601 et seq. and Section 4980B of the Code. The Executive will be required to pay the same portion of the premium for such COBRA coverage as if the Executive remained an employee, with appropriate FlitWays – Enterprise Ride Service reporting of any imputed income and related tax withholding, if any; and (iii). the Company shall also pay, to the extent permitted by law, to the Executive the equal amount the Company would have been required to expend in order to provide Executive one (1) year of all other benefits that the Executive would have received if he had remained employed by the Company during that one (1) year and in accordance with current practices and/or policies of the Company, including but not limited to: short-term disability insurance coverage, long-term disability insurance coverage, pension contribution, 401(k) contribution, and automobile expenses. (iv). In order to receive this Severance Pay outlined in this Section 5.D.i-5.D.iii, Executive must execute and deliver to the Company a valid Waiver and Release Agreement in a form tendered by the Company that shall be negotiated in good faith by both parties, which shall include Executive's general release of all claims against the Company; (v). Any Severance Pay under this Section 5 shall be paid to Executive in a lump sum, less tax withholdings, on the latest date of (x) no more than 30 days after the Executive's last date of employment with the Company or (y) no more than 7 days after the Waiver and Release Agreement becomes final; (vi). At any time during the 12 months that the Company has agreed to pay the executiv...
Xxxxxxxxx Pay and Benefits. If the Company terminates Executive’s employment without Cause, or Executive terminates his or her employment for Good Reason, either (i) prior to the conclusion of two (2) years of employment following a Change of Control, or (ii) in the case of the Company’s termination of Executive’s employment without Cause, six (6) months prior to a Change of Control where such termination can be reasonably demonstrated by Executive (a) to have been occasioned by or at the request of a third party who has taken steps reasonably calculated to effect a Change of Control, or (b) otherwise to have arisen in connection with or in anticipation of the Change of Control, and Executive executes and honors a separation agreement and release to the Company’s satisfaction (the “Separation Agreement”), then the Company will provide Executive with the following severance pay and benefits:
Xxxxxxxxx Pay and Benefits. In consideration for, and subject to, Executive’s compliance with Sections 5, 6, 7, 9 and 10 of the Employment Agreement and execution, non-revocation, and compliance with this Agreement, including without limitation the Continuing Obligations set forth in Section 9 below, the Company will provide Executive with the following (collectively, the “Severance Benefits”):
Xxxxxxxxx Pay and Benefits. Provided that Executive timely executes and does not revoke this Separation Agreement, including the release of claims set forth in Sections 4 and 5 of this Separation Agreement, and in accordance with the time periods set forth in Sections 17 and 18 of this Separation Agreement, the Company agrees to:
Xxxxxxxxx Pay and Benefits. The following severance pay and benefits are payable under this Plan:
Xxxxxxxxx Pay and Benefits a. The separation from employment of an expressly term-limited employee at the expiration of their stated term is not an involuntary termination subject to Section 1 above or a layoff subject to Sections 2.d. III and IV below, and is not subject to the grievance and arbitration provisions of this CBA.
