Xxxxxxxxx Payments and Benefits. Subject to Subsection 4b, if Employee's employment under this Agreement is terminated by employer without a showing of reasonable cause, as defined under Subsection 2.c(1), employee shall be entitled to receive the following Severance Payments and Benefits from Employer:
Xxxxxxxxx Payments and Benefits. Upon the expiration of the Term or upon the early termination of the Term pursuant to Sections 3.b.(1) or 3.b.(3), Employee shall receive the following Severance Payments and Benefits from Employer:
Xxxxxxxxx Payments and Benefits. If the Term ends early pursuant to paragraph 5.C on account of a Termination Without Cause, Xx. Xxxxxx will be entitled to the following:
Xxxxxxxxx Payments and Benefits. If Executive meets the Release Requirements and otherwise complies with this Agreement:
Xxxxxxxxx Payments and Benefits. [To be completed at the time of separation. Annex to include full list of any severance payments on any other benefits (including treatment of equity awards) to be provided in connection with Executive’s separation.] Exhibit B PRIOR INVENTIONS TO: Cuentas, Inc. FROM: Shalom Xxxx Xxxxxx DATE: August 26, 2021 SUBJECT: Prior Inventions
Xxxxxxxxx Payments and Benefits. A. Subject to Section I.B, Employee shall receive the following payments (collectively, the “Payments”) and benefits (collectively, the “Benefits”) if Employee (1) signs, notarizes and delivers this Release within the time frames and in accordance with the provisions of Section VI.B; and (2) does not revoke the Release prior to the “Effective Date” (as defined in Section VI.D): • A cash payment equal to $2,232,000, which is equal to twenty-four (24) months Base Pay ($620,000 * 2 = $1,240,000) plus two times an additional amount that represents an annual incentive bonus payable at target ($620,000 * 80% * 2 = $992,000) paid, less appropriate withholdings and deductions, in a lump sum within thirty (30) days after the Receipt Date, but not prior to the Effective Date. • A cash payment equal to $71,540, as compensation for Employee’s earned but unused vacation for 2013, paid, less appropriate withholdings and deductions, in a lump sum within thirty (30) days after the Receipt Date, but not prior to the Effective Date. • A cash payment equal to the Executive Management Performance Incentive Plan (the “EMPI Plan”) bonus for 2013, with the bonus payout to be determined based on actual performance during the applicable performance period and paid, less appropriate withholdings and deductions, in a lump sum when the 2013 EMPI Plan bonuses are paid to active employees of the Company, which is expected to be in the first quarter of 2014. For the avoidance of doubt, (i) Employee’s EMPI Plan bonus in respect of 2013 shall not be pro-rated, and (ii) Employee shall not participate in the EMPI Plan for 2014 and subsequent years. • Continued coverage following the Termination Date under the medical, prescription drug, dental, and vision benefit programs under the health care plan for active employees offered by the Company, if any (the “Active Health Care Plan”), for Employee and Employee’s eligible dependents, through the period described below as long as Employee or Employee’s eligible dependents timely and properly pay(s) the same portion of the costs of such coverages as is paid by similarly situated active employees. Such coverages will end, as to Employee or any eligible dependent, and Employee’s rights under COBRA shall commence, at the earlier of: ◦ The date Employee or the eligible dependent, as applicable, fail(s) to pay his or her share of the costs for such coverages; ◦ The death of Employee or the eligible dependent, as applicable; or ◦ The second anniversary...
Xxxxxxxxx Payments and Benefits. (i) Within five (5) days of the Termination Date, the Company, Related Entity or Successor shall deliver to Officer a lump sum payment equal to the value of six (6) months of Base Salary.
Xxxxxxxxx Payments and Benefits. In the event that there is an Involuntary Termination (as defined below) of Executive’s employment with the Company, subject to the obligations and conditions set forth in Section IV and V below, and subject to the superseding applicability of the Change of Control Agreement if its terms then apply, Executive shall be entitled to receive the following:
Xxxxxxxxx Payments and Benefits. In addition to the payment described in Subsection (a), the Employer shall provide the Employee with the severance payments and other benefits described in this Subsection (b), in the amounts and under the circumstances described below:
Xxxxxxxxx Payments and Benefits. In the event that there is an Involuntary Termination (as defined below) of Employee’s employment with Genelabs or with any successor thereto (collectively the “Company”) within eighteen (18) months immediately following the effective date of a Change in Control (as defined below), subject to the obligations and conditions set forth in Section IV and V below, Employee shall be entitled to receive the following:
