What You Will Receive. In exchange for entering into this Agreement and provided you do not exercise your right to revoke this Agreement, violate the covenants set forth herein or terminate your employment prior to the Termination Date without the consent of the Company, you will be eligible for the following benefits:
What You Will Receive. In exchange for entering into this Agreement and provided you do not exercise your right to revoke this Agreement, violate the covenants set forth herein or terminate your employment prior to the Termination Date without the consent of the Company, you will be eligible for the following benefits: • Separation Pay: You will be paid a lump sum payment in an amount equal to 18 months of your annual base salary as of June 30, 2018 ($975,000) plus 18 months of your fiscal 2018 target bonus, prior to any salary reductions, under the EIP based on a CPF and IPF of 1.0 ($1,121,250) (the “Separation Payment”), which shall be paid no later than the first payroll date following the Effective Date (as defined in section IV), less applicable payroll deductions, applicable payroll taxes and authorized after-tax deductions. If you commence new employment prior to the receipt of any portion of this Separation Payment, you agree that you have an affirmative obligation to notify Cisco of such new employment. Your failure to notify Cisco of such subsequent employment does not impact Cisco’s right to eliminate, offset or reduce your future payments hereunder or seek a refund from you for such amounts improperly paid to you.
What You Will Receive. In exchange for entering into this Agreement and provided you do not exercise your right to revoke this Agreement, violate the covenants set forth herein, or terminate your employment prior to the Termination Date without the consent of the Company, you will be eligible for the following benefits: • Separation Pay: You will be paid a total of $1,041,250 (the “Separation Payment”), representing 17 months of pay, which shall be paid in two installments. The first installment of $520,625 shall be paid no later than fourteen (14) calendar days after you sign this Agreement. The second installment of $520,625 shall be paid in April 2017 and no later than April 30, 2017. Both install shall be paid less applicable payroll deductions, applicable payroll taxes and authorized after-tax deductions. If you commence new employment, as defined in Section I, with any Competitor Company prior to the expiration of the one (1) year period following your Termination Date, you agree that you have an affirmative obligation to notify Cisco of such new employment. Your failure to notify Cisco of such subsequent employment does not impact Cisco’s right to eliminate, offset or reduce your future payments under this Agreement or seek a refund from you for such amounts improperly paid to you.
What You Will Receive. In exchange for entering into this Agreement and provided (i) you do not exercise your right to revoke this Agreement, (ii) you do not violate the covenants set forth herein, (iii) you do not voluntarily terminate your employment during the Transition Period, or (iv) your employment is not terminated by Cisco for Cause during the Transition Period, you will be paid an annual base salary of $120,000 until November 15, 2021 ($10,000 per month) (the “Cash Benefit”), which will be paid in accordance with the normal Company payroll procedures. During the Transition Period, you shall continue to vest in your equity awards and your equity awards shall continue to be governed by their terms. If, during the Transition Period, you voluntarily terminate your employment as an Executive Advisor or if the Company terminates the employment relationship for Cause, you will immediately forfeit all outstanding and unvested equity awards. To the extent your Termination Date occurs prior to November 15, 2021 due to a termination of your employment by Cisco without Cause, in exchange for signing the Release the second time and provided (x) you do not exercise your right to revoke such Release, (y) you elect to include Section I in this Agreement and comply with its terms, and (z) you agree to be bound by and comply with the provisions of Section X below, you will be eligible to receive the Additional Benefits set forth in Section I.
What You Will Receive. Upon the University’s receipt of the payment due, you will receive a report indicating the results of your sample testing/analysis.
What You Will Receive. You will receive a service, a report indicating the results of your requested services and/or the materials described above.
What You Will Receive. In exchange for entering into this Agreement and provided you do not exercise your right to revoke this Agreement, Cisco will provide you with the benefits described below (“Separation Benefits”): • Separation Pay – Base: You will be paid a lump sum equal to eighteen (18) months of your Base Pay. Under this formula, your Separation Pay amount is $1,345,313, which shall be paid in a lump sum, less applicable payroll deductions, applicable payroll taxes and authorized after-tax deductions.
