Examples of Executive Retention Plan in a sentence
In addition, such benefits will be in lieu of any entitlement you may have to notice of termination, pay in lieu of notice of termination, or any other severance payment or benefit from any other Veritas or Symantec Employer source other than your benefits under the Executive Retention Plan.
You will also during your employment period with the Symantec Employer participate in the Symantec Executive Retention Plan or any successor plan.
The Symantec Option will vest over a four-year period starting from your first day of employment with Symantec, at the rate of 25% of the option at the end of your first year of employment, and the balance in a series of 36 successive equal monthly installments upon your completion of each additional month of employment thereafter and will not be subject to acceleration except in accordance with the provisions of the Executive Retention Plan.
For the avoidance of the doubt, the foregoing acceleration provisions assume a qualifying termination following such Change of Control as set forth in Section 1 of the Executive Retention Plan.
Upon request by the Company, Executive shall execute and deliver such additional agreements or other instruments (if any) reasonably necessary or appropriate to terminate Executive’s rights under the Executive Retention Plan.
In connection with that engagement, Employee has become a party to the following compensation arrangements: (a) the Executive Retention Plan, (b) the Executive Severance Plan -- Tier 2, and (c) the Executive Officer Group Salary Continuation Plan (collectively, the "Recital A Benefits").
Effective upon execution of this Agreement by Executive and the Company, Executive’s participation in the Medicis Pharmaceutical Corporation Amended and Restated Executive Retention Plan (the “Executive Retention Plan”), shall terminate and Executive shall have no further rights to receive any severance, payments or benefits under such plan.
Awards under the Xxxx Foods Executive Retention Plan that are payable based upon the achievement of performance criteria through the end of 2012 (a “2012 Retention Award”) shall be made in accordance with its terms, treating employment with WhiteWave as though it were employment with the Xxxx Foods Group.
The benefits provided to Executive in this Agreement shall offset substantially similar benefits provided to Executive pursuant to another Company policy, plan or agreement (including without limitation the Symantec Corporation Executive Severance Plan and the Symantec Corporation Executive Retention Plan).
If a Change in Control occurs after the date of this Agreement, the Officer shall not be entitled under any circumstance to claim any benefits, rights, or entitlements under the August 19, 1999 Executive Retention Plan of BancFirst Ohio Corp.