Change Benefits definition

Change Benefits means the aggregate of the following, adjusted if appropriate under Sections 5.07[6] and [7]:
Change Benefits means the aggregate of the following, adjusted if appropriate under Sections 5.07[6] and [7]: [a] Base Salary. The sum of [i] the Base Salary earned to the date of termination plus [ii] 200 percent of the Executive's Base Salary at the highest rate in effect at any time during the Protection Period. This amount will be paid in a lump sum cash payment on the Change Entity's first regular payroll date for senior executive officers of the Company following the effective date of the Executive's Termination in Connection With a Change of Control. [b] Bonus. Two hundred percent of the Executive's Stretch Bonus in effect under the Bonus Program for the year in which the Executive's employment is Terminated in Connection With a Change of Control or, if higher, the Stretch Bonus in effect under the Bonus Program (or comparable program) at any time during the Protection Period. This amount will be paid in a single lump sum on the Change Entity's next regularly scheduled payroll date for senior executive officers of the Company following the date of the Executive's Termination in Connection With a Change of Control.
Change Benefits means the aggregate of the following, adjusted if appropriate under Sections 5.07[6] and [7]: [a] Base Salary. The sum of [i] the Base Salary earned to the date of termination plus [ii] two hundred percent (200%) of the Executive’s Base Salary at the highest rate in effect at any time during the Protection Period. This amount will be paid in a lump sum cash payment on the Change Entity’s first regular payroll date for senior executive officers of the Company following the effective date of the Executive’s Termination in Connection With a Change of Control. [b] Bonus. Two hundred percent (200%) of the Executive’s Stretch Bonus in effect under the Bonus Program for the fiscal year in which the Executive’s employment is Terminated in Connection With a Change of Control or, if higher, the Stretch Bonus in effect under the Bonus Program (or comparable program) at any time during the Protection Period, which in either case shall be deemed for purposes of this Section 5.07[1][b] to have been fully earned by the Executive. This amount will be paid in a single lump sum on the Change Entity’s next regularly scheduled payroll date for senior executive officers of the Company following the date of the Executive’s Termination in Connection With a Change of Control.

Examples of Change Benefits in a sentence

  • Cash payments to employees for vested RSU will be made within 15 days following the vesting date of such RSUs. Termination and Material Change Benefits Each of the Named Executive Officers have termination and material change benefits provided for in their employment agreements.

  • The split for sharing of cost reductions is shown in the following table: Originator of Change Benefits from Cost Reduction (after exhausting on-hand inventory, any non-recurring costs associated with cost reduction activity and non-changeable POs): First 3 Months Benefits from Cost Reduction: After 3 Months [***] [***] [***] [***] [***] [***] [***] [***] [***] In the event that SUPPLIER expends extraordinary effort, BUYER may extend the cost sharing period for SUPPLIER from three (3) to six (6) months.

  • Cash payments to employees for vested RSU will be made within 15 days following the vesting date of such RSUs. Termination and Material Change Benefits All of the Named Executive Officers have termination and material change benefits provided for in their respective employment agreements.

Related to Change Benefits

  • Fringe benefits means the amount of:

  • Change in Control Benefits means the following benefits:

  • Severance Benefits mean the payment of severance compensation as provided in Section 2.3 herein.

  • Separation Benefits has the meaning accorded such term in Section 3.04.

  • Change in Control Severance Benefits means the benefits payable pursuant to Section 3 of this Agreement.

  • Health Benefits means health maintenance organization, insured or self-funded medical, dental, vision, prescription drug and behavioral health benefits.

  • Welfare Benefits means the types of benefits described in Section 3(1) of ERISA (whether or not covered by ERISA).

  • Severance Pay means any amount that is payable in cash and is identified by a Participating Company as severance pay, or any amount which is payable on account of periods beginning after the last date on which an employee (or former employee) is required to report for work for a Participating Company.

  • Accrued Benefits shall include the following amounts, payable as described herein: (i) all base salary for the time period ending with the Termination Date; (ii) reimbursement for any and all monies advanced in connection with the Executive's employment for reasonable and necessary expenses incurred by the Executive on behalf of the Company and its Affiliates for the time period ending with the Termination Date; (iii) any and all other cash earned through the Termination Date and deferred at the election of the Executive or pursuant to any deferred compensation plan then in effect; (iv) notwithstanding any provision of any bonus or incentive compensation plan applicable to the Executive, a lump sum amount, in cash, equal to the sum of (A) any bonus or incentive compensation that has been allocated or awarded to the Executive for a fiscal year or other measuring period under the plan that ends prior to the Termination Date but has not yet been paid (pursuant to Section 5(f) or otherwise) and (B) a pro rata portion to the Termination Date of the aggregate value of all contingent bonus or incentive compensation awards to the Executive for all uncompleted periods under the plan calculated as to each such award as if the Goals with respect to such bonus or incentive compensation award had been attained; and (v) all other payments and benefits to which the Executive (or in the event of the Executive's death, the Executive's surviving spouse or other beneficiary) may be entitled as compensatory fringe benefits or under the terms of any benefit plan of the Employer, including severance payments under the Employer's severance policies and practices in the form most favorable to the Executive that were in effect at any time during the 180-day period prior to the Effective Date. Payment of Accrued Benefits shall be made promptly in accordance with the Employer's prevailing practice with respect to clauses (i) and (ii) or, with respect to clauses (iii), (iv) and (v), pursuant to the terms of the benefit plan or practice establishing such benefits.

  • Severance Benefit means the payment of severance compensation as provided in Article III.

  • Severance Payments shall have the meaning set forth in Section 6.1 hereof.

  • Medical Benefits means the monthly fair market value of benefits provided to the Employee and the Employee’s dependents under the major medical, dental and vision benefit plans sponsored and maintained by the Company, at the level of coverage in effect for such persons immediately prior to the Employee’s termination of employment date. The “monthly fair market value” of such benefits shall be equal to the monthly cost as if such persons elected COBRA continuation coverage at such time at their own expense.

  • Severance Period means the period of time commencing on the date of the first occurrence of a Change in Control and continuing until the earlier of (i) the second anniversary of the occurrence of the Change in Control and (ii) the Executive’s death.

  • Termination Benefits means the benefits described in Section 4.1(b).

  • Covered benefits or “benefits” means those health care services to which a covered person is entitled under the terms of a health benefit plan.

  • Additional Benefits means those benefits in addition to the rights and remedies available under the Australian Consumer Law.

  • Extended benefits means benefits, including benefits payable to federal civilian employees and to ex-servicemen under 5 U.S.C. Chapter 85, payable to an individual under the provisions of this section for weeks of unemployment in his eligibility period.

  • Severance Compensation means the compensation set forth in (i), (ii), and (iv) above.

  • Severance means the complete separation and dismemberment of the part from the body.

  • Severance Payment means any amount paid by a board to or in behalf of a superintendent on early termination of the superinten- dent’s contract that exceeds the amount earned by the superinten- dent under the contract as of the date of termination, including any amount that exceeds the amount of earned standard salary and benefits that is paid as a condition of early termination of the con- tract. Payments to a former superintendent who remains employed by a district in another capacity or contracts with a district to pro- vide the district services may be severance payments in whole or in part if the payments are compensation for the early termination of a prior employment agreement. Severance payments include any payment for actual or threatened litigation involving or related to the employment contract. Education Code 11.201(c); 19 TAC 105.1021(a)(1)

  • Compensation and Benefits Programs means all compensation and benefit plans, policies, and programs of the Debtors, and all amendments and modifications thereto, applicable to the Debtors’ employees, former employees, retirees, and non-employee directors and the employees, former employees and retirees of their subsidiaries, including all savings plans, retirement plans, health care plans, disability plans, and incentive plans, deferred compensation plans, and life, accidental death, and dismemberment insurance plans.

  • Change in Control Benefit means the benefit described in Section 2.4.

  • superannuation benefits means pensions, gratuities and other allowances payable on resignation, retirement or death;

  • Benefits as defined in Section 3.1(b).