Benefits to Employee Sample Clauses

Benefits to Employee. Employee and the Company are parties to the Employment Agreement, dated as of April 24, 2002, and as amended through July 31, 2008 (the “Employment Agreement”). The Employment Agreement (including the amendments thereto) is attached hereto as Exhibit A. Unless defined in this Agreement, capitalized terms used in this Agreement shall have the meanings ascribed to them in the Employment Agreement. The Parties hereby agree that Employee’s employment with the Company in any capacity shall terminate on December 31, 2008, (“Termination Date”) as a Discharge without Cause under Section 5.1(d) of the Employment Agreement.
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Benefits to Employee. 3.1 Company shall pay to Employee severance in the amount of $245,000.00 ("Severance"), payable on the condition that in Company's reasonable judgment Employee is in full compliance with the confidentiality, non-competition, and non-disparagement provisions of the Agreement, one-half at separation, one-quarter 90 days after the date of separation, and one-quarter on the first anniversary of his date of separation. The Severance shall be subject to withholding, deductions, assessments and taxes, if applicable.
Benefits to Employee. The benefits to Employee under this Section 1 are provided under the Allergan, Inc. Severance Pay Plan.
Benefits to Employee. Commencing on the Termination Date, Employee shall be entitled to the following benefits:
Benefits to Employee. During the Term of this Agreement, if Employee’s employment with Tier terminates as a result of either (1) a Termination Without Cause during the Security Period; or (2) a Resignation for Good Reason that is based on a Position Change occurring during the Security Period, Employee shall be entitled to the continuation of his or her annual base salary, less standard deductions and withholdings, for a period of twelve (12) months. Annual base salary is defined as the salary in effect during the last regularly scheduled payroll period immediately preceding the Termination Without Cause or Resignation for Good Reason.
Benefits to Employee. 2.1 Company shall pay to Employee the following amounts. The principal amount is economically similar to the benefits to which Employee would be entitled to receive after a voluntary termination under the Original Agreement. These amounts shall be paid to Employee under the following schedule, less withholding, assessments and authorized deductions: Payment Date Principal Interest Payment ------------ --------- -------- ------- Amount ------ Within 15 days after the close of the Merger 125,000 0 125,000 October 1, 1999 29,300 14,920 44,220 January 1, 2000 29,300 13,750 43,050 April 1, 2000 29,300 12,580 41,880 July 1, 2000 29,300 11,400 40,700 October 1, 2000 29,300 10,230 39,530 January 1, 2001 29,300 9,060 38,360 April 1, 2001 29,300 7,890 37,190 July 1, 2001 29,300 6,720 36,020 October 1, 2001 29,300 5,540 36,020 January 1, 2002 29,300 4,370 33,670 July 31, 2002 80,000 6,430 86,430 TOTALS 498.000 102,890 600,890 If Employee's employment is Terminated, then Employee shall be paid the remaining unpaid principal amount and interest prorated to the date of termination within 30 days of Employee's Termination. If Employee dies prior to July 31, 2002, then Employee's estate shall be paid the remaining unpaid principal amount and interest prorated to the date of death within 30 days of Employee's death. The above payments will not be recognized as covered pay under any employee benefit plan sponsored by the Company except for the Deferred Compensation Program.
Benefits to Employee. In consideration for the promises of EMPLOYEE set forth herein, the COMPANY agrees to:
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Benefits to Employee. In consideration of the promises and releases set forth in this Agreement, the Company has agreed to provide certain benefits to Employee, as follows:
Benefits to Employee 

Related to Benefits to Employee

  • Benefits to Executive Subject to and conditional upon Executive executing this Agreement and not revoking his acceptance hereof within the timeframes specified below, Company agrees to provide Executive with the following benefits:

  • Compensation Benefits Etc During the Employment Period, the Manager shall be compensated as follows:

  • Compensation of Employee Employer shall pay Employee, and Employee shall accept from Employer, in full payment for Employee's services hereunder, compensation as follows:

  • Compensation of Employees Compensate its employees for services rendered at an hourly rate at least equal to the minimum hourly rate prescribed by any applicable federal or state law or regulation.

  • Benefits for Part-Time Employees (The following clause is applicable to part-time employees only) A part-time employee shall receive in lieu of all fringe benefits (being those benefits to an employee, paid in whole or part by the Hospital, as part of direct compensation or otherwise, including holiday pay, save and except salary, vacation pay, standby pay, call back pay, reporting pay, responsibility allowance, jury and witness duty, bereavement pay, and maternity supplemental unemployment benefits) an amount equal to 14% of his/her regular straight time hourly rate for all straight time hours paid.

  • Compensation Benefits In accordance with Section 142 of the State Finance Law, this contract shall be void and of no force and effect unless the Contractor shall provide and maintain coverage during the life of this contract for the benefit of such employees as are required to be covered by the provisions of the Workers' Compensation Law.

  • Employee Compensation The wages, salaries and other compensation paid to employees who will be employed for the benefit of the Project, and to others who perform special services for the benefit of the Project, to the extent not otherwise paid through a Cash Management System, shall be paid by Owner from a Project Account pursuant to this Section 9.2.

  • Executive Compensation Until such time as the Investor ceases to own any debt or equity securities of the Company acquired pursuant to this Agreement or the Warrant, the Company shall take all necessary action to ensure that its Benefit Plans with respect to its Senior Executive Officers comply in all respects with Section 111(b) of the EESA as implemented by any guidance or regulation thereunder that has been issued and is in effect as of the Closing Date, and shall not adopt any new Benefit Plan with respect to its Senior Executive Officers that does not comply therewith. “Senior Executive Officers” means the Company's "senior executive officers" as defined in subsection 111(b)(3) of the EESA and regulations issued thereunder, including the rules set forth in 31 C.F.R. Part 30.

  • Employees and Compensation Schedule 3.12 contains a true and complete list of all employees of the Station, their job description, date of hire, salary and amount and date of last salary increase. Schedule 3.12 also contains a true and complete list as of the date of this Agreement of all employee benefit plans or arrangements applicable to the employees of the Station and all fixed or contingent liabilities or obligations of Seller with respect to any person now or formerly employed by Seller at the Station, including pension or thrift plans, individual or supplemental pension or accrued compensation arrangements, contributions to hospitalization or other health or life insurance programs, incentive plans, bonus arrangements, and vacation, sick leave, disability and termination arrangements or policies, including workers' compensation policies, and a description of all fixed or contingent liabilities or obligations of Seller with respect to any person now or formerly employed at the Station or any person now or formerly retained as an independent contractor at the Station.

  • Eligibility for Severance Benefits The Corporation or its successor shall pay or provide to the Executive the Severance Benefits if the Executive’s employment is terminated voluntarily or involuntarily during the term of this Agreement, either:

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