Compensation; No Additional Payments or Benefits Sample Clauses

Compensation; No Additional Payments or Benefits. During the term of his employment, Co-Founder received equity awards granted on November 28, 2017, February 23, 2021, and December 31, 2021 (the “Equity Awards”), that are based on, or in the form of, Tripadvisor equity pursuant to the Employment Agreement. As of the Termination Date, some of the Equity Awards, as set forth on Exhibit A hereto, will be unvested and would otherwise be forfeited. As consideration for Co-Founder’s Services hereunder and the mutual promises contained herein, including those contained in Article Six and Exhibit B hereto, the Company agrees that any unvested Equity Awards shall continue to vest during the Term of this Agreement in their normal course in accordance with the terms of each Equity Award, and all vested stock options in respect of each Equity Award shall expire either (i) 90 days from the termination of this Agreement or (ii) upon the original expiration date, whichever is earlier. All Equity Awards shall remain subject to the terms of the Tripadvisor, Inc. 2011 Stock and Annual Incentive Plan, the Tripadvisor, Inc. 2018 Stock and Annual Incentive Plan, as applicable, each of which may be amended from time to time. Except as expressly provided herein, nothing in this Agreement is intended to alter the terms of any Equity Award. Co-Founder acknowledges and agrees that the continued vesting for Equity Awards provided hereunder is the only compensation that he will receive for his Services under this Agreement and Co-Founder acknowledges and agrees that he is not entitled to any payments or benefits under the Employment Agreement (other than Accrued Obligations, as defined therein) or the Tripadvisor, Inc. Executive Severance Plan.
Sample 1
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Compensation; No Additional Payments or Benefits 
Sample 1

Related to Compensation; No Additional Payments or Benefits

  • No Additional Compensation Notwithstanding any other provision of this Agreement, the obligation of Agency to return Referred Accounts, provide current status reports of all such accounts or information reasonably required by Client shall be without right to any additional Contingent Fee, administrative fees or other compensation of any kind or type whatsoever after such termination date, including, without limitation, in quantum meruit, for any Services rendered prior to termination (except on recoveries received and remitted to Client pursuant to this Agreement prior to termination) whether or not said Services result in or contribute to recoveries received after termination.

  • Other Compensation or Benefits You acknowledge that, except as expressly provided in this Agreement, you will not receive any additional compensation, severance or benefits after the Separation Date.

  • Compensation Payable If the Servicer shall resign or be terminated, the Servicer shall continue to be entitled to all accrued and unpaid compensation payable to the Servicer through the date of such termination as specified in Section 4.09 of this Agreement.

  • No Additional Payments There is no obligation on the part of the Company or any other party to make payments in addition to those made by the Mortgagor;

  • Compensation Benefits and Reimbursement (a) The compensation specified under this Agreement shall constitute the salary and benefits paid for the duties described in Section 2(b). The Association shall pay Executive as compensation a salary of not less than $_____________ per year ("Base Salary"). Such Base Salary shall be payable biweekly, or with such other frequency as officers and employees are generally paid. During the period of this Agreement, Executive's Base Salary shall be reviewed at least annually. Such review may be conducted by a Committee designated by the Board, and the Board may increase, but not decrease (except a decrease that is generally applicable to all employees), Executive's Base Salary (any increase in Base Salary shall become the "Base Salary" for purposes of this Agreement). In addition to the Base Salary provided in this Section 3(a), the Association shall provide Executive at no cost to Executive with all such other benefits as are provided uniformly to permanent full-time employees of the Association. Base Salary shall include any amounts of compensation deferred by Executive under qualified and nonqualified plans maintained by the Association.

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

  • Compensation Benefits and Expenses During the Term, the Bank shall compensate the Executive for his services as provided in this Section 3. Unless otherwise determined by the Company Board, all payments and benefits provided in this Agreement shall be paid or provided solely by the Bank. Notwithstanding anything in this Agreement to the contrary, no provision of this Agreement shall be construed so as to result in the duplication of any payment or benefit. Unless otherwise determined by the Company Board, the Company’s sole obligation under this Agreement shall be to unconditionally guarantee the payment and provision of all amounts and benefits due hereunder to Executive, and the affirmative obligations of the Company as set forth at Section 3(h), herein, with respect to Indemnification, and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Company.

  • Compensation Benefits In consideration of Executive's services hereunder, the Company shall provide Executive the following:

  • Additional Compensation During the Term, in addition to the foregoing, the Executive shall be eligible to receive such other compensation as may from time to time be awarded him by either the Board or the Compensation Committee in its sole discretion.

  • Compensation Benefits Expenses (a) Compensation In consideration of the services to be rendered hereunder, including, without limitation, services to any Affiliated Company, Consultant shall be paid a fee of 1,000,000 shares, pursuant to the procedures regularly established, and as they may be amended, by the Company during the course of this Agreement.

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