Benefits definition
Examples of Benefits in a sentence
For the avoidance of doubt, Executive’s sole and exclusive remedy upon a termination of employment by the Company without Cause shall be receipt of the Severance Benefits.
If the Severance Benefits are not covered by one or more exemptions from the application of Section 409A and the Release could become effective in the calendar year following the calendar year in which Executive has a Separation from Service, the Release will not be deemed effective any earlier than the Release Deadline.
Benefits shall begin upon successful completion of the probationary period.
It is intended that the Severance Benefits set forth in this Agreement satisfy, to the greatest extent possible, the exemptions from the application of Section 409A of the Internal Revenue Code of 1986, as amended, (the “Code”) (Section 409A, together with any state law of similar effect, “Section 409A”) provided under Treasury Regulations 1.409A-1(b)(4), 1.409A-1(b)(5) and 1.409A-1(b)(9).
Under these circumstances, Executive will not be entitled to any other form of compensation from the Company, including any Severance Benefits, other than Executive’s rights to the vested portion of Executive’s equity awards from the Company (if any and if then vested), and any other rights to which Executive is entitled under the Company’s benefit programs.