Xxxxxxxxx Plan. When the Superintendent has completed six (6) years of full time continuous service under this employment agreement, or combined with other administrative positions within the district as identified in the Principals Association Master Agreement and/or Non-Union Administrators-Director or Non-Union Administrator -Cabinet employment agreements, the Superintendent shall be eligible for payment upon separation of employment based on the following.
Xxxxxxxxx Plan. 1. Constricted Teachers shall participate in the severance plan in accordance with the attached exhibit.
Xxxxxxxxx Plan. Both the employee and the manager/supervisor must complete this plan after they have discussed the request to participate in the education assistance program in relationship to the employee’s career development plan, ensuring they are in agreement with the mutual benefits to begained by both the employee and the company, before applying for courses. The plan must include an explanation of job relatedness and the benefit to the company.
Xxxxxxxxx Plan. A financial plan detailing an estimated school budget for each year of the period of the contract and specifying the total estimated per pupil expenditure amount for each such year shall be provided to the CMSD. The plan shall specify for each year the base formula amount that will be used for purposes of funding calculations under section 3314.08 of the Revised Code. The School shall supply an updated five-year financial plan and budget at least annually to the CMSD for review. The initial five-year budget appears in ATTACHMENT 1. 00.XXXXXXXXX RECORDS. Financial reports will be submitted monthly in the form and format requested by the CMSD and at a minimum shall include a statement of financial position, a statement of activities, and a cash flow statement. The School's financial records will be maintained pursuant to any applicable rules that may be adopted by the Auditor of the State of Ohio and are to be maintained in the same manner as are financial records of school districts. Audits shall be conducted in accordance with Section 117.10 of the Ohio Revised Code. The School shall meet the requirements and follow the procedures for program and financial audits established from time to time by the Auditor of the State of Ohio and the Ohio Department of Education.
Xxxxxxxxx Plan. Employee shall be a participant in the Avanex Corporation Severance Plan (the “Severance Plan”). In that regard, this Agreement shall constitute a “Supplement” (as defined in the Severance Plan) and the benefits and payments payable under the Severance Plan shall be limited to the payments and benefits set forth in this Agreement.
Xxxxxxxxx Plan. In the case of employees of FSB other than -------------- Xxxxx X. Xxxx, Xxxxxxx X. Xxxxxx, Xxxxxx X. Xxxxx and Xxxxxx X. Xxxx, and provided they remain employed by FSB at the Effective Time, BancShares agrees to assume, or cause FCB to assume, FSB's obligations under FSB's Severance Plan dated August 8, 1996. No severance compensation shall be paid to any person who does not remain an employee of FSB at the Effective Time.
Xxxxxxxxx Plan. Newco will promptly adopt a 1996-1 Key Employee Stock Option Plan (the "Xxxxxxxxx Stock Option Plan") substantially in the form of Exhibit C hereto. One million (1,000,000) shares will be authorized by Newco and made subject to the Xxxxxxxxx Stock Option Plan. Upon adoption of the Xxxxxxxxx Stock Option Plan, Newco will immediately grant to Xxxxxxxxx an option with respect to one million (1,000,000) shares of Newco stock at $.22 per share pursuant to a Grant of Incentive Stock Options substantially in the form of Exhibit D hereto ("the Xxxxxxxxx Option Grant"). (b)
Xxxxxxxxx Plan. The Buyer shall cause the Company, and Suburban Cable TV Co. Inc. ("SCTV"), to honor the Employee Severance Policy (the "Policy") attached hereto as Exhibit 16(q). Buyer agrees that all employees entitled to benefits under that policy shall be third party beneficiaries of this Agreement and shall be entitled to seek to enforce that Policy against the Company, SCTV and the Buyer. In addition, for a period of two years after the Closing Date, the Buyer shall cause the Company and SCTV to post notices of all job openings at the principal offices of the Company in Carlisle, Pennsylvania (and mail at regular intervals notice of such job openings to former employees of the Company who are terminated on or after the Closing Date other than for cause) and employees of the Company or SCTV, who are entitled to benefits pursuant to Section 1 of the Policy (including those employees of the Company who are terminated pursuant to Section 9(a)(xiii)) and who apply for any such jobs, will, subject to applicable law and the requirements of any applicable collective bargaining agreements, be given preference over other candidates with equal qualifications.
Xxxxxxxxx Plan. The Company’s Severance Plan will cover Xx. Xxxxx and allows him to exercise rights under the Severance Plan if his job prospects are materially altered or he is involuntarily terminated (other than for cause) after a Change in Control. The severance benefit for the Chief Operating Officer is twenty-four (24) months of his total cash compensation target payable in a lump sum. Attached, as Exhibit G, is the Company’s Change In Control Severance Pay Plan.
Xxxxxxxxx Plan
