Planned Expiration Date definition
Examples of Planned Expiration Date in a sentence
The Planned Expiration Date shall not affect or excuse the performance of either Party under any provision of this Agreement that by its terms survives such expiration.
The Consulting Agreement shall be entered into at least ten (10) days before the Planned Expiration Date and will become effective on the date immediately following the Planned Expiration Date.
If Employee's employment under this Agreement terminates because of Employee's retirement on the Planned Expiration Date or by Employee for Good Reason (under Sections 3.3(b) or 4.1) or by the Company without Just Cause (under Sections 3.3(b) or 4.1), then Employee and the Company will enter into an agreement for Employee to provide consulting services to the Company in substantially the form set out in Exhibit B to this Agreement (the "Consulting Agreement").
If Employee desires not to retire on the Planned Expiration Date, Employee and the Company may agree to extend the Term of this Agreement, including until a later date when Employee chooses to retire (such later date then becoming the Planned Expiration Date).
If Employee retires from the Company on the Planned Expiration Date, Company shall, subject to Section 3.9 above and 3.14 below, pay to Employee a $0.5 million extension/retention bonus in cash on the Planned Expiration Date, in consideration of Employee's agreement to extend his retirement past the normal retirement age to the Planned Expiration Date and his continued employment through the Planned Expiration Date.
If Employee retires from the Company on the Planned Expiration Date, Company shall, subject to Section 3.14 below, pay to Employee a $1 million succession bonus in cash on the Planned Expiration Date, conditional upon Employee having satisfied his obligations under Section 8.1 below.
If Employee desires not to retire on the Planned Expiration Date, Employee and the Company may agree to extend the Term of this Agreement, including until a later date when Employee chooses to retire (such later date then becoming the "Planned Expiration Date").
Employee's employment under this Agreement shall begin on the Effective Date and will end at 5:00 p.m. mountain time on April 15, 2026 (the "Planned Expiration Date"), unless otherwise terminated sooner under the provisions of this Article or extended under this Section.
Employee's employment under this Agreement shall begin on the Effective Date and will end at 5:00 pm mountain time on October 15, 2026 (the "Planned Expiration Date"), unless otherwise terminated sooner under the provisions of this Article or extended under this Section.
If Employee retires from the Company on the Planned Expiration Date, Company shall, subject to Section 3.14 below, pay to Employee a $0.5 million succession bonus in cash on the Planned Expiration Date, conditional upon Employee having satisfied his obligations under Section 8.1 below.