Benefits Upon Separation Date Clause Samples
Benefits Upon Separation Date. Subject to the Executive (i) not terminating his employment with the Company prior to August 31, 2014, and (ii) not being terminated by the Company for Cause, Executive shall be entitled to the following benefits:
Benefits Upon Separation Date. Subject to the Executive (i) not unilaterally terminating his employment with the Company prior to the Transition Date without mutual consent of the Company, (ii) timely and accurately responding to reasonable requests by the Company to the extent reasonably possible with respect to the transition of his duties following the Transition Date and other matters involving the Company about which the Executive has or may have personal knowledge (other than the Executive’s separation or any other claim the Executive may bring against the Company that is not released under the Releases), including any such matters which may arise after the Transition Date, and (iii) not being terminated by the Company for Cause (as defined in Section 2(c)) below), the Executive shall be entitled to the following benefits:
Benefits Upon Separation Date. Subject to the Executive (i) not terminating his employment with the Company prior to August 15, 2012 and (ii) not being terminated by the Company for Cause, Executive shall be entitled to the following benefits:
(i) 2012 Annual Bonus. Executive shall receive a bonus equal to $540,000 for 2012, payable in 2013, at such time as the annual bonuses for 2012 are paid by the Company to its executive officers, but no later than March 15, 2013.
(ii) Separation Pay. Executive shall receive a lump sum payment of $1,000,000 (“Separation Pay”) payable as part of the first normally scheduled payroll following the 6 month anniversary of the Separation Date.
Benefits Upon Separation Date. Subject to the Executive (i) not terminating his employment with the Company prior to August 31, 2014, and (ii) not being terminated by the Company for Cause, Executive shall be entitled to the following benefits:
(i) 2014 Annual Incentive. Executive shall receive a one-time lump sum payment equal to $475,000 for 2014. Executive acknowledges and agrees that such payment includes any and all payments that Executive may have been eligible to receive for the year ending on December 31, 2014 under any of the Company bonus or incentive plans, including without limitation the Hyatt Hotels Corporation Executive Incentive Plan. Such payment shall be payable in 2015, at such time as the annual bonuses for 2014 are paid by the Company to its executive officers, but no later than March 15, 2015.
Benefits Upon Separation Date a. Following the Separation Date, Executive will remain eligible for the separation benefits set forth in Section 2(b)(i), (iii), (iv) and (v) of the Original Agreement, subject to the conditions set forth therein and, if applicable, to the payment timing requirements (in particular, the six-month delay) set forth in Section 6 of the Original Agreement. Executive understands and agrees that he will not receive any payment pursuant to Section 2(b)(ii) of the Original Agreement.
b. Notwithstanding the foregoing, for the avoidance of doubt, for purposes of Section 2(b)(i) of the Original Agreement, the reference to his “then current base salary” shall be deemed to be his salary as in effect on the date of this Amendment, which is $410,000.
Benefits Upon Separation Date. The Executive shall receive the benefits prescribed under the TriNet Group, Inc. Amended and Restated Executive Severance Benefit Plan (the “Severance Plan”), subject to the terms and conditions of the Severance Plan. Nothing in the Severance Plan shall limit the obligations of the Executive toward the Company under this Agreement, including without limitation the Executive’s obligations with respect to return of Company property, confidential information and intellectual property.
Benefits Upon Separation Date. Subject to the Executive (i) not unilaterally terminating his employment with the Company prior to the Transition Date without mutual consent of the Company,
Benefits Upon Separation Date. Subject to the Executive (i) not unilaterally terminating his employment with the Company prior to the Separation Date without mutual consent of the Company and (ii) not being terminated by the Company for Cause (as defined in Section 2(c) below), the Executive shall, without duplicating any amounts provided under Section 2(a), be invited to participate in the TriNet Group, Inc. Amended and Restated Executive Severance Benefit Plan (the “Severance Plan”), subject to the terms and conditions of the Severance Plan; provided that, the Executive’s execution of a Participation Notice under the Severance Plan shall not entitle the Executive to participate in the Severance Plan until the additional conditions set forth in this Agreement are met. Nothing in the Severance Plan shall limit the obligations of the Executive toward the Company under this Agreement, including without limitation the Executive’s obligations with respect to return of Company property, confidential information and intellectual property.