Benefits Following Termination Sample Clauses
Benefits Following Termination. 14.1 If the Executive’s employment with the Company is Terminated pursuant to Section 12.1, the Executive shall receive the benefits noted in [Section 8 and] Section 11 of this Agreement.
14.2 If the Executive’s employment with the Company is Terminated pursuant to Section 12.2, this Agreement shall terminate immediately. Any unvested stock options or other benefits shall be immediately forfeited upon the effective date of Termination, as shall any accrued but unpaid amounts with regard to salary, bonuses or other benefits.
14.3 If the Executive’s employment with the Company is Terminated pursuant to Section 12.3, the Executive shall be entitled to:
14.3.1 A lump sum payment of one year’s salary plus the incentive award paid in the year prior to Termination, such amounts to be paid on the first regular payroll date (determined in accordance with the Company’s regular payroll practices) occurring after the effective date of such Termination;
14.3.2 Immediate vesting of any stock options and/or stock grants, to the extent provided in Section 6.2.3 of this Agreement;
14.3.3 Immediate vesting of any other benefits provided by the Company consistent with operation of law.
14.3.4 Company shall provide at its expense for Executive’s lifetime and his spouse’s lifetime health and welfare benefits, at least comparable to those benefits in effect on the date hereof or, if greater, immediately prior to the Date of Termination, including but not limited to medical, dental, disability, spouse and dependent care. At Company’s election, health benefits may be provided by reimbursing Executive or his spouse or child’s guardian, as the case may be, for the cost of converting group policy to individual coverage, or for the cost of extended COBRA coverage.
14.3.5 The Executive and his spouse shall retain the travel benefits noted in Section 9.2.
14.4 If the Executive’s employment with the Company is Terminated pursuant to Section 12.4, the Executive or his beneficiary or estate shall receive the benefits noted in Section 12 of this Agreement.
14.5 If the Executive Terminates his services under this Agreement pursuant to Section 13, he shall be entitled to the same benefits as if the Company had Terminated him without cause pursuant to Section 12.3.
14.6 If the Executive is Terminated by the Company other than for Cause or if the Executive Terminates employment for death, Disability or pursuant to Section 13, he will receive a prorated bonus for the year of Termination based u...
Benefits Following Termination. The benefits to which Employee (or, as applicable, his estate) may be entitled pursuant to the plans and programs referred to in Section 3(d) hereof upon termination of Employee's employment shall be determined and paid in accordance with the terms of such plans and programs, or as may be required by applicable law.
Benefits Following Termination. Except as otherwise provided in this Section 10, the benefits to which M▇▇▇▇▇▇▇▇▇▇ (or, as applicable, his spouse or estate) may be entitled pursuant to the plans and programs referred to in Section 6(c) hereof upon termination of M▇▇▇▇▇▇▇▇▇▇’▇ consulting engagement hereunder shall be determined and paid in accordance with the terms of such plans and programs or as may otherwise be required by applicable law.
Benefits Following Termination. 15.1 If the Executive's employment with the Company is terminated pursuant to Section 13.1, the Executive shall receive the benefits noted in Section 11 of this Agreement.
15.2 If the Executive's employment with the Company is terminated pursuant to Section 13.2, this Agreement shall terminate immediately. Any unvested stock options or other benefits shall be immediately forfeited upon the effective date of termination, as shall any accrued but unpaid amounts with regard to salary, bonuses or other benefits.
15.3 If the Executive's employment with the Company is terminated pursuant to Section 13.3, the Executive shall be entitled to:
15.3.1 A lump sum payment of $500,000; 15.
Benefits Following Termination. The benefits to which Executive (or as applicable, his spouse or estate) may be entitled pursuant to the plans and programs referred to in Section 3.6 hereof upon termination of Executive’s employment shall be determined and paid in accordance with the terms of such plans and programs, or as may be required by applicable law. In the event Executive is terminated in accordance with Section 4.5, the Company shall, on behalf of the Executive, fund the COBRA premiums or other premiums, as applicable, for the various benefits in which the Executive had participated prior to the termination date, for the Severance Term as defined in Section 4.5(iii) above.
Benefits Following Termination. Subject to the requirement that on or before the 30th day following your "termination"you shall have executed and delivered to ▇▇▇▇▇▇▇ the Agreement and General Release in the form of Exhibit A to this letter and that not less than 7 days thereafter you shall have signed and delivered to ▇▇▇▇▇▇▇ the letter in the form of Exhibit B to this letter, in the event of your "termination" your "benefits" will be continued until the first anniversary of your "termination date" (in the case of "termination" covered by section 2b, your benefits will be continued until the earlier of the first anniversary of your "termination date" or your having become gainfully employed). Your "benefits" will consist of the following.
Benefits Following Termination. Except as expressly provided elsewhere in this Agreement, upon the termination of Executive's employment with Company, then the Company shall have no further obligations or liabilities to the Executive hereunder, such that all benefits and salary provided for within this Agreement shall terminate simultaneously with the termination of the Executive's employment, except for benefits and salary earned and accrued through the date of termination. Nothing in this subparagraph (e) shall supersede any rights of the Executive to receive any amounts or benefits otherwise due to him, whether such rights are created by this Agreement or otherwise. Notwithstanding the foregoing, in the event that the Executive's employment is terminated due to disability, the Company shall continue to pay the salary and maintain benefits for Executive for a period equal to one (1) year from the date on which the Executive first became unable to Perform his duties and responsibilities hereunder as a result of such disability.
Benefits Following Termination. Any eligible teacher terminating employment with the school district may continue to receive hospitalization, medical and surgical health insurance, life insurance, and dental insurance, until he/she becomes re-employed by the same or another employer, or for a period of eighteen (18) months after the District stops payment of benefits, whichever is shorter, provided the full cost of said benefits shall be paid on a monthly basis by the teacher who terminated employment. (Except as noted in Article X, Section 5 and Article IX.)
Benefits Following Termination