BENEFIT AND EQUITY PLANS Sample Clauses

BENEFIT AND EQUITY PLANS. (a) The effect of your separation and this Agreement upon your participation in, or coverage under, any of Freescale’s benefit or Axxxxxxx Separation Agreement compensation plans and any applicable stock option plans, award documents or restricted stock or restricted stock unit agreements shall be governed by the terms of those plans and agreements except as specifically modified by this Agreement. Unless specifically set forth in this Agreement, Freescale is making no guarantee, warranty or representation in this Agreement regarding any position that may be taken by any administrator or plan regarding the effect of this Agreement upon your rights, benefits or coverage under those plans.
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BENEFIT AND EQUITY PLANS. The effect of your separation and this Agreement upon your participation in, or coverage under, any of Freescale’s benefit or compensation plans and any applicable stock option plans, restricted cash awards, restricted stock agreements, restricted stock unit agreements or any other equity or cash award documents will be governed by the terms of those plans and agreements, except as specifically modified by this Agreement. The Freescale Holdings Nonqualified Stock Option Agreements between you and Freescale dated December 1, 2006 and April 6, 2009 (the “NQ Agreements”) will be modified as follows: Under Section 3(a)(iii) of the NQ Agreements, the period within which you can exercise all or part of your vested stock options will be extended to April 8, 2012. If a Holder Lock-up as described in Section 5 of the Investors Agreement occurs and you are precluded from exercising your options by a lock-up agreement that is in effect on or before April 8, 2012, then the period to exercise your options will in no event expire prior to the thirtieth (30) calendar day after the lock-up period ends. For a period of eighteen months after your Date of Termination, Freescale will continue your life insurance benefits to you (and, if applicable, to your spouse and any of your dependents who received benefits under your coverage prior to the Date of Termination) at least equal to those that would have been provided to you (and to your spouse and dependents) in accordance with the plans, programs, practices and Freescale policies if your employment had not been terminated. Benefits coverage under the Freescale Employee Medical Benefits Plan (the “Medical Plan”), as amended from time to time, will be continued until April 30, 2011, provided that you comply with all terms and conditions of the Medical Plan. After your Date of Termination, you may elect to continue medical benefits under the Medical Plan at your own expense, in accordance with COBRA. The COBRA period commences on the first of the month following the Date of Termination. The amount of your Separation Allowance described in Section 2 above has been increased to provide funds sufficient to pay your COBRA premiums for continuation of your medical benefits (and, if applicable, for your spouse and any of your dependents who received benefits under your coverage prior to the Date of Termination) for a period of eighteen months; provided, however, that if you become reemployed with another employer and become eligible ...
Sample 1
BENEFIT AND EQUITY PLANS. The effect of your separation and this Agreement upon your participation in, or coverage under, any of Freescale’s benefit or compensation plans and any applicable stock option plans, award documents or restricted stock or restricted stock unit agreements will be governed by the terms of those plans and agreements except as specifically modified by this Agreement. Freescale is making no guarantee, warranty or representation in this Agreement regarding any position that may be taken by any administrator regarding the effect of this Agreement upon your rights, benefits or coverage under those plans. The Freescale Holdings Nonqualified Stock Option Agreements between you and Freescale dated December 1, 2006 (collectively the “NQ Agreements”) will be modified as follows: Under Section 3(a)(iii) of the NQ Agreements, the period within which you can exercise all or part of your vested stock options will be extended to November 30, 2010 or ten business days after Freescale communicates its 2010 annual valuation. You will receive continued benefits as described and subject to the limitations in Section 4.2(b) of the CIC Plan, but you understand and agree that your benefits will continue under that section for a period not to exceed 2.5 years beginning September 6, 2008.
Sample 1
BENEFIT AND EQUITY PLANS. Administration of ------------------------ TyCom's employee benefit plans for TyCom employees, equity plans and certain other compensation plans.
Sample 1

Related to BENEFIT AND EQUITY PLANS

  • Equity Plans Executive shall be entitled to participate in any equity or other employee benefit plan that is generally available to senior executive officers, as distinguished from general management, of the Company. Except as otherwise provided in this Agreement, Executive’s participation in and benefits under any such plan shall be on the terms and subject to the conditions specified in the governing document of the particular plan.

  • Benefit Plans The Executive shall be eligible to participate in any employee benefit plan of the Company, including, but not limited to, equity, pension, thrift, profit sharing, medical coverage, education, or other retirement or welfare benefits that the Company has adopted or may adopt, maintain or contribute to for the benefit of its senior executives, at a level commensurate with his positions, subject to satisfying the applicable eligibility requirements. The Company may at any time or from time to time amend, modify, suspend or terminate any employee benefit plan, program or arrangement for any reason in its sole discretion.

  • Company Benefit Plans (a) Section 4.13(a) of the Company Disclosure Letter sets forth a complete list, as of the date hereof, of each material Company Benefit Plan. For purposes of this Agreement, a “

  • Compensation Plans Following any termination of the Executive's employment, the Company shall pay the Executive all unpaid amounts, if any, to which the Executive is entitled as of the Date of Termination under any compensation plan or program of the Company, at the time such payments are due.

  • Benefits Plans During the Employment Period, You will be eligible to participate in all benefit plans in effect for executives and employees of the Company, subject to the terms and conditions of such plans.

  • Company Plans Section 1.10(a),.................... 5 Company..........................................................................

  • Compensation Plans and Programs Executive shall be eligible to participate in any compensation plan or program maintained by the Company from time to time, which compensation plans and programs are intended to be comparable to those currently maintained by the Company, in which other senior executives of the Company participate on terms that are intended to be comparable to those applicable to such other senior executives.

  • Company Employee Plans (a) Part 3.19(a) of the Disclosure Schedule sets forth a complete and accurate list of each material Company Employee Plan. For purposes of this Agreement, “

  • Employee Plans Except as provided in Section 4.12, the Assuming Institution shall have no liabilities, obligations or responsibilities under the Failed Bank’s health care, bonus, vacation, pension, profit sharing, deferred compensation, 401K or stock purchase plans or similar plans, if any, unless the Receiver and the Assuming Institution agree otherwise subsequent to the date of this Agreement.

  • Benefit Plans and Programs To the extent permitted by applicable law and subject to the terms and eligibility requirements of any such plan or program, Executive will be eligible to participate in all benefit plans and programs, including improvements or modifications of the same, that are maintained by the Company generally for executive employees of the Company, subject to the eligibility requirements and other terms and conditions of those plans and programs. The Company will not, however, by reason of this Section 5(b) be obligated either (1) to institute, maintain, or refrain from changing, amending, or discontinuing any such benefit plan or program, or (2) to provide Executive with all benefits provided to any other person or individual employed by the Company or any of its affiliates.

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