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 his home country provided that such date shall not be later than or until December 31, 2020 provided that ASSOCIATE is authorized to stay in Singapore. Tupperware will cover the cost of shipment of household goods and a one-way airline ticket for the ASSOCIATE and the his immediate family members, spouse, and children; k. Tupperware will continue paying all premiums related to the ASSOCIATE’s current medical insurance with CIGNA Singapore for a period of twelve (12) months, beginning on the Separation Date; . l. Tupperware will provide ASSOCIATE with tax preparation support with Deloitte in Singapore for 2020. Any amounts due or payable to ASSOCIATE under this Separation Agreement will be subject to deductions for any amounts owed by ASSOCIATE to Tupperware and/or any subsidiaries and related companies, including, but not limited to, any outstanding advances, unless otherwise specified herein. Deductions with respect to amounts owed by ASSOCIATE to Tupperware shall only be made to the amounts due or payable to ASSOCIATE under the Separation Agreement in accordance with Treasury Regulation §1.409A-3(j)(4)(xiii). Tupperware will withhold from any payment of amounts due or payable to ASSOCIATE hereunder any taxes that may be due in respect of such payment in such amount as Tupperware may reasonably estimate to be necessary. Tupperware will pay any balance to ASSOCIATE under the provisions of this Separation Agreement and will give ASSOCIATE documentation identifying any amounts withheld and the balance to be paid.
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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 fifty two (4852) 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 2020on Tupperware’s usual payroll cycle;
c. b. A payment equal to eleven twelve (1112) 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 2020on Tupperware’s usual payroll cycle;
d. c. 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. d. 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.
e. If ASSOCIATE properly and timely elects to continue group health plan benefits coverage in accordance with the continuation requirements of the Consolidated Omnibus Budget Reconciliation Act (“COBRA”), Tupperware shall pay for the cost of the premium for such coverage beginning on the Separation Date and continuing for the full period of the severance payments, or until ASSOCIATE secures coverage elsewhere, whichever occurs sooner - thereafter, ASSOCIATE shall be entitled to elect to continue such COBRA coverage for the remainder of the COBRA period, at ASSOCIATE’S own expense; as ASSOCIATE will be moving out of the country, Tupperware will transfer ASSOCIATE’S medical benefit to Cigna International upon departure for the remaining months of the severance period.
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);; and,
g. ASSOCIATE will receive the following repatriation and transition benefits, provided that ASSOCIATE leaves the country within the legally obligated timeframe specified by immigration authorities:
i. ASSOCIATE will be reimbursed repatriated back to her home country within 60 days from the separation date, as stipulated by the immigration authorities, or no later than December 31, 2020, assuming ASSOCIATE has been approved for actual expense incurred for any lease breakage up to two-months against proof extension of receiptstay.
h. ii. Tupperware will cover the cost of shipment of household goods in accordance with policy limits (maximum 40ft container by sea shipment and 750 lbs. via air shipment), services to be provided by the corporate shipping vendor following International Shipping Policy.
iii. Tupperware will provide a one-way business airline ticket for the ASSOCIATE and the immediate family members of spouse and child to return to their home country.
iv. Any allowances paid as a result of ASSOCIATE’s being on assignment will cease as of Separation Date.
v. Tupperware will provide ASSOCIATE with assistance on Home Lease Breakage by continuing the $7,000 monthly, net of taxes, housing allowance as payment toward rent due only through December 31, 2020, which shall be paid in a lump sum on Tupperware’s usual payroll cycle;
i. vi. Tupperware will provide ASSOCIATE for one consultation with Fragomen to discuss immigration compliance in the United States and will provide assistance with the filing of the personal visa extension due to COV-19 challenges in leaving the country. The maximum allowance for this benefit is $2,000.
vii. Tupperware will provide ASSOCIATE with Deloitte with one consulting session for understanding tax obligations in the U.S. and India in addition to Deloitte consulting services for preparing the filing in Singapore for the reimbursement of taxes paid on stock that has been cancelled, provided the law allows for such reimbursement.
viii. Tupperware will provide ASSOCIATE with Car Lease Breakage assistance through a Loss on Sale payment of $5,000, net, provided documentation has been submitted demonstrating the loss.
ix. Stock option vesting and exercisability rights to which ASSOCIATE you will be entitled based on ASSOCIATE’S your 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 his home country provided that such date shall not be later than or until December 31, 2020 provided that ASSOCIATE is authorized to stay in Singapore. Tupperware will cover the cost of shipment of household goods and a one-way airline ticket for the ASSOCIATE and the his immediate family members, spouse, and children;
k. Tupperware will continue paying all premiums related to the ASSOCIATE’s current medical insurance with CIGNA Singapore for a period of twelve (12) months, beginning on the Separation Date; .
l. Tupperware will provide ASSOCIATE with tax preparation support with Deloitte in Singapore for 2020. Any amounts due or payable to ASSOCIATE under this Separation Agreement will be subject to deductions for any amounts owed by ASSOCIATE to Tupperware and/or any subsidiaries and related companies, including, but not limited to, any outstanding advances, unless otherwise specified herein. Deductions with respect to amounts owed by ASSOCIATE to Tupperware shall only be made to the amounts due or payable to ASSOCIATE under the Separation Agreement in accordance with Treasury Regulation §1.409A-3(j)(4)(xiii). Tupperware will withhold from any payment of amounts due or payable to ASSOCIATE hereunder any taxes that may be due in respect of such payment in such amount as Tupperware may reasonably estimate to be necessary. Tupperware will pay any balance to ASSOCIATE under the provisions of this Separation Agreement and will give ASSOCIATE documentation identifying any amounts withheld and the balance to be paid.
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