Transitional Compensation and Benefits Sample Clauses

Transitional Compensation and Benefits. During the Transition Period, in full consideration of the services to be provided by the undersigned, he will receive the following payments and benefits, and no others: (a) payment of base salary at a monthly rate of $38,400 (prorated for the period from the Transition Date through March 31, 2015); (b) health benefits to the extent provided to the undersigned by the Company Group immediately prior to the Transition Date, on the same terms as are provided to full-time employees and executives of the Company Group during the Transition Period; (c) continued participation in the Company Group’s 401(k) plan, on the same terms applicable to full-time employees and executives of the Company Group during the Transition Period; (d) tax preparation fees in accordance with CHC Tax Equalization Policy (no. 013) as then in effect (the “Tax Equalization Policy”); and (e) reimbursement for reasonable and appropriate business expenses incurred in accordance with the Company’s generally applicable policies (except that the undersigned must obtain the advance approval of the Company’s General Counsel for reimbursement of any individual expense in excess of $500). The undersigned acknowledges and agrees that he will not be paid an annual bonus in respect of the Company’s fiscal year ending April 30, 2015. To the extent necessary to give effect to this Section 2, the undersigned hereby waives his participation in any other employee benefit plan, program, policy or arrangement of the Company Group.
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Transitional Compensation and Benefits 
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Related to Transitional Compensation and Benefits

  • ADDITIONAL COMPENSATION AND BENEFITS The Executive shall receive the following additional compensation and welfare and fringe benefits:

  • Compensation and Benefits As compensation for all services performed by the Executive under and during the term hereof and subject to performance of the Executive’s duties and of the obligations of the Executive to the Company and its Affiliates, pursuant to this Agreement or otherwise:

  • Accrued Compensation and Benefits Notwithstanding anything to the contrary in Section 2 and 3 above, in connection with any termination of employment upon or following a Change in Control (whether or not a Qualifying Termination or CIC Qualifying Termination), the Company or its subsidiary shall pay Executive’s earned but unpaid base salary and other vested but unpaid cash entitlements for the period through and including the termination of employment, including unused earned vacation pay and unreimbursed documented business expenses incurred by Executive prior to the date of termination (collectively “Accrued Compensation and Expenses”), as required by law and the applicable Company or its subsidiary, as applicable, plan or policy. In addition, Executive shall be entitled to any other vested benefits earned by Executive for the period through and including the termination date of Executive’s employment under any other employee benefit plans and arrangements maintained by the Company or its subsidiary, as applicable, in accordance with the terms of such plans and arrangements, except as modified herein (collectively “Accrued Benefits”). Any Accrued Compensation and Expenses to which the Executive is entitled shall be paid to the Executive in cash as soon as administratively practicable after the termination, and, in any event, no later than two and one-half (2-1/2) months after the end of the taxable year of the Executive in which the termination occurs or at such earlier time as may be required by applicable law or Section 10 below, and to such lesser extent as may be mandated by Section 9 below. Any Accrued Benefits to which the Executive is entitled shall be paid to the Executive as provided in the relevant plans and arrangements.

  • Other Compensation and Benefits Except as may be provided under this Agreement,

  • Vacation and Benefits The Executive is entitled to four (4) weeks of vacation, which will accrue on a pro-rata basis during the employment year, in addition to all public holidays when the office is closed. Executive will be eligible to participate in all employee benefit plans established by the Company for its employees from time to time, subject to general eligibility and participation provisions set forth in such plans. In accordance with Company policies from time to time and subject to proper documentation, the Company will reimburse you for all reasonable and proper travel and business expenses incurred by you in the performance of your duties.

  • Remuneration and Benefits Subject to the Company’s policies and practices, during the Term, the Executive shall be entitled to the following remuneration and benefits (on a cumulative basis):

  • Separation Pay and Benefits Specifically in consideration of your signing this Agreement and subject to the limitations, obligations, and other provisions contained in this Agreement, the Company agrees as follows:

  • Severance Pay and Benefits Upon Termination by the Company without Cause or by the Executive for

  • Severance Compensation and Benefits Not in Derogation of Other Benefits Anything to the contrary herein contained notwithstanding, the payment or obligation to pay any monies, or granting of any benefits, rights or privileges to Executive as provided in this Agreement shall not be in lieu or derogation of the rights and privileges that the Executive now has or will have under any plans or programs of or agreements with the Company, except that if the Executive received any payment hereunder, the Executive shall not be entitled to any payment under the Company’s severance policy for officers and directors.

  • Severance Payments and Benefits For purposes of this Agreement, the term "Severance Payments and Benefits" shall mean:

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