Examples of Executive Retention Plan in a sentence
You will also during your employment period with the Symantec Employer participate in the Symantec Executive Retention Plan or any successor plan.
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.
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.
Any requirement for continued employment with Parent pursuant to the Executive Retention Plan shall be satisfied by Executive’s continued employment with the Company through the Pro Ration Date.
Any amounts payable under the Executive Retention Plan based on performance objectives related to periods before December 31, 2012 will be payable subject to the same terms and conditions, and at the same time, as though Executive’s employment with the Company were employment with the Parent.
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).
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.