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:
Benefits to Executive. (a) Termination Without Cause Prior to a Change in Control Date. If, prior to a Change in Control Date, the Executive's employment with the Companies is terminated by the Companies other than for Cause, the Executive shall be entitled to receive from AWHI: (i) a lump sum payment of Base Salary for a period of twelve (12) months, plus continuation of Base Salary for up to an additional nine (9) months subject to mitigation as described in subsection 4.2; (ii) a lump sum equal in value to a fraction of his Targeted Bonus for the fiscal year in which the Participant is terminated determined by multiplying his Targeted Bonus under any Company bonus plan in which Executive participates, by a fraction, the numerator of which is the total number of weeks in the fiscal year in which the Executive is terminated prior to the Termination Date, and the denominator of which is 52 (the "Prorated Bonus"); (iii) continuation of Executive's participation in the medical, dental and vision care plans or programs sponsored by the Companies (the "Medical Plans") for the period with respect to which the benefits in subsection 4.1(a) are paid, with the Executive continuing to make the same contribution, as a percentage of the cost of providing such benefits as contributed prior to the Executive's termination of employment or as it is adjusted for Executives actively employed; and (iv) a lump sum, in cash, paid within 30 days of the Termination Date, equal to the sum of the Executive's Accrued Obligations and Other Benefits (as both are defined in subsection 4.1(c)). The benefits under this subsection 4.1(a) shall be provided in lieu of and not in addition to those benefits that would otherwise be provided for the Executive under the Arch Severance Benefits Plan, which has been approved by the United States Bankruptcy Court for the District of Massachusetts Western Division (the "Arch Severance Benefits Plan"). If the Executive begins new employment while the continuation payments are being made under subsection 4.1(a), the Executive must promptly notify the AWHI Vice President of Human Resources in writing of benefits being received in connection with such employment and said Vice President of Human Resources shall terminate the Executive's participation in all Medical Plans with respect to any benefits being received in connection with the new employment which are comparable to any of the Medical Plans. The period during which the Executive's participation in Medical Plans is c...
Benefits to Executive. If the Change in Control Date occurs during the Term and the Executive's employment is terminated by the Company (other than for Cause, Disability or death) or by the Executive for Good Reason within 12 months following the Change in Control Date, then the Executive shall be entitled to the following benefits:
Benefits to Executive. In reliance on such voluntary resignation and the representations, warranties, agreements and releases in this Agreement, the Companies will provide Executive with the following pay and benefits:
Benefits to Executive. If no Change in Control Date shall have occurred and Executive’s employment hereunder is terminated by the Company without Cause, Executive shall be entitled to (i) severance pay for a period beginning on the Date of Termination (as defined above) and ending 12 months from such date (the “Severance Period”) equal to Executive’s then current base salary, to be paid on the Company’s normal payroll cycle during the Severance Period; provided that if any payments would otherwise be due on or after March 15 of the calendar year next succeeding the year in which termination occurs, then all payments that would otherwise be due after March 15 shall be paid to the Executive on or before March 15 of such next succeeding year; (ii) a pro rata portion of the Executive’s target bonus for the then-current fiscal year, payable in a lump sum within 16 days of termination of employment; (iii) the benefits set forth in Section 4.2 (a)(i)(3), and 4.2(a) (ii),(iii) and (iv) below; and (iv) the amount of any compensation previously deferred by the Executive (together with any accrued interest or earnings thereon) and any accrued vacation pay, in each case to the extent not previously paid. For all purposes of this Agreement, the Executive’s unused vacation time accrual shall carry over from year to year.
Benefits to Executive. Upon the occurrence of a Covered Termination, Executive shall be entitled to the following:
Benefits to Executive. In exchange for his resignation of his positions as an employee, officer, and director of the Company, and notwithstanding any provisions to the contrary in the Employment Agreement, the Company will provide Executive with the following benefits:
Benefits to Executive. In exchange for Executive’s agreements provided herein, and provided that the Company does not terminate Executive for Substantial Cause and Executive continues to comply with the Restrictive Covenant and any other agreement between the Parties, then the Company will provide Executive the following benefits:
Benefits to Executive. Subject to the terms of this Release Agreement and the Second Release (attached as Exhibit B), including Executive’s compliance with Section 2 above to the Company’s reasonable satisfaction, and provided that the Executive does not revoke this Release Agreement and the Second Release, the Company shall provide Executive with the following benefits:
Benefits to Executive
