Additional Separation Benefits Sample Clauses

Additional Separation Benefits. In the event the Executive’s employment with the Company is terminated at any time during the Employment Period by the Company other than for Cause, Death or Disability, or the Executive’s voluntary separation from service for Good Reason or within three months preceding or twenty four months following a Change in Control, the Company shall permit for a period of three years following the Date of Termination, at the Company’s expense, the Executive, his spouse and dependents, as applicable (the “Benefit Participants”), to participate in all group medical health insurance plans and employee benefit plans, programs and arrangements now or hereafter made available to the senior executive employees of the Company (the “Plans”) (including but not limited to such Plans in which Executive was entitled to participate immediately prior to the Date of Termination), in the same manner provided to its other senior executive employees; provided, however, that this paragraph 6(4) shall not apply in the event that (i) the Company shall hereafter terminate the applicable Plan, or (ii) the participation of the Benefit Participants in such Plan is prohibited by law or, if applicable, would disqualify such Plan as a tax qualified plan pursuant to the Code, or (iii) the participation of the Benefit Participants violates the general terms and provisions of such applicable Plan. In the event that any of the Benefit Participants’ participation in such Plans is prohibited by law or, if applicable, would disqualify the Plan as a tax qualified plan, or the participation of the Benefit Participants violates the general terms and provisions of such applicable Plan, the Company shall permit the Benefit Participants to acquire substantially comparable coverage or benefits, at the Company’s expense, from a source of Executive’s or his spouse’s choosing, provided, however, that if provision of such coverage or benefit would result in a cost of excess of 130% of the cost to the Company if provided under a Company Plan, the Company may satisfy its obligations under this paragraph 6(4) by contributing to the Benefit Participants 130% of the cost to the Company under the Company Plans. Notwithstanding the foregoing, in no event will the Benefit Participants receive from the Company the coverage and benefits contemplated by this paragraph 6(4) if the Benefit Participants receive such coverage and benefits from any other source.” SIXTH A new Section shall be added to the end of the Agreement t...

Additional Separation Benefits. Furthermore, subject to, and in consideration for, your execution of Exhibit B to this Agreement within five days after your Last Day, and provided you comply with all the terms and conditions of this Agreement and Exhibit B, your Confidentiality Agreement, and all Company policies, the Company will provide you with the additional consideration set forth in Exhibit B.

Additional Separation Benefits. Subject to the provisions of Section 7 below and in consideration of Employee’s execution of this Agreement and his full and timely performance of all his promises and obligations in this Agreement, Employer agrees to provide Employee the following additional severance benefits upon the execution of this Agreement by Employee and the expiration of the seven (7) day revocation period described in Section 7 below. a. Except as otherwise provided in Section 7 below, which shall supersede anything stated herein to the contrary, a severance payment in the amount of Three Hundred Fifty Thousand and No/1000 Dollars ($350,000.00), less applicable payroll taxes payable as follows: (1) Seventy-Five Thousand and No/100 Dollars ($75,000.00), less applicable payroll taxes, upon expiration of the seven (7) day recission period described in Section 7 below; (2) One Hundred Thousand and No/100 Dollars ($100,000.00), less applicable payroll taxes, on or before January 3, 2003; and (3) One Hundred Seventy-Five Thousand and No/100 Dollars ($175,000.00), less applicable payroll taxes, on or before January 5, 2004. b. Employee will be entitled to participate in the 2002 Executive Incentive Compensation Plan (“EICP) with no pro-rata adjustment for retiring prior to December 31, 2002. In addition, if the earnings threshold is met for the 2002 EICP, Employee will receive a payout at the “Target” level for the goal “Overall performance evaluation by the President,” weighted at 30 percent of Employee’s 2002 EICP. Employee will also be entitled to participate in the 2000-2002 Long-Term Incentive Plan (“LTIP”), 2001-2003 LTIP and the 2002-2004 LTIP with no pro-rata adjustment for retiring prior to December 31, 2002; provided, however, that if there is a payout for the HEI officers under the 2001-2003 LTIP and the 2002-2004 LTIP, Employee will be eligible for a 24/36 payout and a 12/36 payout, respectively. Effective upon the date of Employee’s retirement, all outstanding non-qualified stock option (“NQSO”) grants already made to Employee (1999, 2000, 2001 and 2002 grants) will become fully exercisable, notwithstanding that the option may not be otherwise fully exercisable under Section 3.1 (a) of Employee’s Non-qualified Stock Option Agreement. In addition, upon Employee’s exercise of each NQSO stock option, Employee will be entitled to receive all dividend equivalent awards on Employee’s outstanding NQSO grants up to and including dividend equivalent awards made on November 12, 2002...

Additional Separation Benefits. In addition to the employment benefits described in Paragraph 2.a. above, and in consideration of your release, indemnification and promises described below, MLP will provide the following Additional Separation Benefits: (1) Defined Benefit Plan and SERP Target Benefit Enhancements: MLP will increase the age and or service credit for your Defined Benefit Plan Single Life Annuity and your Unfunded SERP Target Benefit Single Life Annuity so that your combined single life annuity annual benefit calculated as of January 1, 2004 under your Defined Benefit Plan Single Life Annuity and your SERP Target Benefit Single Life Annuity is increased to a total amount of $71,276.00. If you select a joint and survivor benefit, the foregoing benefit amount will be adjusted in accordance with the terms of the Plans. The amount of the benefit in excess of the amount paid from the Defined Benefit Plan will be paid from MLP's general assets under the terms of the SERP Plan.

Additional Separation Benefits. In consideration for ASSOCIATE'S execution of this Separation Agreement and the adherence to its provisions, Tupperware agrees to provide ASSOCIATE with the following additional benefits to which ASSOCIATE would not otherwise be entitled (“Additional Benefits”): a. In lieu of serving the Notice Period, a payment of four (4) weeks of pay at the rate of the base pay ASSOCIATE was earning on ASSOCIATE’S Separation Date, shall be paid in installment on Tupperware’s usual payroll dates. This will be considered part of the severance payment; b. A payment equal to forty eight (48) weeks of pay at the rate of the base pay ASSOCIATE was earning on ASSOCIATE’S Last Day of Work, which shall be paid in a lump sum, less applicable taxes. This lump sum amount shall be paid after April 30, 2020, the first week of May in 2020; c. A payment equal to eleven (11) months of ASSOCIATE’S car allowance as of ASSOCIATE’S Last Day of Work, which shall be paid in a lump sum, less applicable taxes, after April 30, 2020, the first week of May in 2020; d. If bonus payments are earned and approved in accordance with the terms of the 2020 Annual Incentive Plan (“AIP”), ASSOCIATE will be eligible for the bonus, subject to the AIP provisions and current Tupperware policies relating thereto, except that Tupperware will waive the requirement that ASSOCIATE be an active employee on the date the AIP bonus is paid - if such bonus payments are earned and approved, Tupperware agrees to pay ASSOCIATE such bonus no later than March 30, 2021; e. Twelve (12) months of executive outplacement services - details will be furnished to ASSOCIATE under separate cover - that must be used no later than December 31, 2020. f. ASSOCIATE will be reimbursed for actual expenses incurred for Executive Financial Planning services for Tax Year 2020 up to the allowed annual gross benefit of five thousand five hundred dollars ($5,500 USD); g. ASSOCIATE will be reimbursed for actual expense incurred for any lease breakage up to two-months against proof of receipt. h. Any allowances paid as a result of ASSOCIATE’s assignment will cease as of Separation Date; i. Stock option vesting and exercisability rights to which ASSOCIATE will be entitled based on ASSOCIATE’S current age and service level will be communicated under separate cover; j. ASSOCIATE will be repatriated back to his home country of his choice within 30 days from the separation date of the ASSOCIATE notifying Tupperware of his decision in writing to return to...

Additional Separation Benefits. Executive will be entitled to the following additional payments and benefits:

Additional Separation Benefits. In addition to the employment benefits described in Paragraph 2.a. above, and subject to your timely and accurate completion of all required job duties and financial reports within the customary calendar of financial reporting events, and in consideration of your release, indemnification and promises described below, MLP will provide the following Additional Separation Benefits: (1) Defined Benefit Plan and SERP Target Benefit Enhancements:

Additional Separation Benefits. If Executive’s employment with the Company terminates (i) on the Outside Date pursuant to Section 2.1 hereof or (ii) by the Company other than for Cause prior to the Outside Date, then Executive shall be deemed to have incurred an involuntary termination without Cause pursuant to the Severance Agreement and in accordance with Section 2.2 of the Severance Agreement, in addition to the Accrued Obligations, the Company shall pay or provide the following amounts and benefits to Executive (collectively, the “Additional Separation Benefits”):

Additional Separation Benefits. In addition to the benefits ALLTRISTA ------------------------------ has already agreed to provide to ▇▇. ▇▇▇▇▇▇▇▇ as described above in paragraph 1, ALLTRISTA agrees to provide the following additional consideration to ▇▇. ▇▇▇▇▇▇▇▇ in exchange for ▇▇. ▇▇▇▇▇▇▇▇' commitments as described in the remaining paragraphs (3-20) of this Agreement: (a) ALLTRISTA will pay to ▇▇. ▇▇▇▇▇▇▇▇ additional severance pay in the gross amount of forty-two thousand nine hundred eighty-four and 62/100 dollars ($42,984.62), payable in a single lump sum within thirty (30) calendar days after the complete execution of this Agreement. Such payment shall be subject to deductions and tax withholdings as may be required by applicable federal, state and local laws. (b) ▇▇. ▇▇▇▇▇▇▇▇'▇ participation in ALLTRISTA-sponsored employee benefit plans shall expire on September 14, 2001. ALLTRISTA shall provide ▇▇. ▇▇▇▇▇▇▇▇ with the opportunity to elect extended medical coverage after September 14, 2001 in accordance with applicable federal law. Provided ▇▇. ▇▇▇▇▇▇▇▇ elects coverage under COBRA, the entire cost of this extended medical coverage shall be paid by ▇▇. ▇▇▇▇▇▇▇▇. (c) ALLTRISTA agrees to provide additional consideration to ▇▇. ▇▇▇▇▇▇▇▇ in the amount of one thousand four hundred thirty-five dollars ($1,435.00). Such payment shall be subject to deductions and tax withholdings as may be required by applicable federal, state and local laws.