Entitlements and Obligations. Your employment with the Company is ending effective on January 30, 2018 (“Separation Date”). The Company has paid you for all salary accrued through that date and all accrued but unused vacation time. Regardless of whether you enter into an agreement with the Company, the Company shall: • reimburse you for any outstanding, reasonable business expenses that you have incurred on the Company’s behalf through the termination of your employment, after the Company’s timely receipt of appropriate documentation pursuant to the Company’s business expense reimbursement policy. You also have certain rights as a terminated employee in the Company’s Section 401(k) plan, which shall not be affected by whether or not you enter into an agreement with the Company. For your part, you are subject to continuing obligations under your Non-Competition/Non-Disclosure/Invention Assignment Agreement with the Company dated May 1, 2017 (the “Non-Competition Agreement”), including your obligations to maintain the confidentiality of Company confidential information, return Company documents and other property and to adhere to certain non-competition and non-solicitation obligations. Please note that your obligation to return Company property under Section 2 of the Non-Competition Agreement includes, without limitation, your obligation to return all Company equipment that is currently in your possession. Any stock options to purchase shares of the Company’s common stock pursuant to the stock option agreements (“Stock Options”) that have been granted to you prior to the Separation Date that have not vested and become exercisable on or prior to the Separation Date shall, in accordance with the terms of each such grant, be forfeited on the Separation Date and shall not thereafter become vested or exercisable. With respect to any Stock Options that have been granted to you prior to the Separation Date that are vested and exercisable as of the Separation Date, unless exercised prior to the date that is three (3) months following the Separation Date (the “Expiration Date”), all such Stock Options shall expire and may not be exercised after the Expiration Date.
Entitlements and Obligations a) mdbs will provide the services described in detail on Addendum I to this Agreement. b) Customer will provide payment(s) in accordance with the schedule on Addendum II to this Agreement. Tailored Technical Services fees are non-refundable. c) For any breach of this or related Agreements, any discounts will end and current list prices shall apply. d) In order to execute this Agreement, Customer must be a licensed end user of mdbs Development System software. e) Customer agrees that the contents of this Agreement and its Addenda, and any extensions or modifications thereto, shall be held in strict confidence and not released to any third party without the prior written consent of mdbs, or as required by a court of competent jurisdiction. This obligation shall survive termination of this Agreement.
Entitlements and Obligations. Your employment with the Company is ending effective on March 15, 2018 (“Separation Date”). The Company has paid you for all salary accrued through March 15, 2018 and all accrued but unused vacation time. Regardless of whether you enter into an agreement with the Company, the Company shall: • reimburse you for any outstanding, reasonable business expenses that you have incurred on the Company’s behalf through the termination of your employment, after the Company’s timely receipt of appropriate documentation pursuant to the Company’s business expense reimbursement policy. You also have certain rights as a terminated employee under the Company’s Section 401(k) plan, which shall not be affected by whether or not you enter into an agreement with the Company. For your part, you are subject to continuing obligations under your Non-Competition/Non-Disclosure/Invention Assignment Agreement with the Company dated July 7, 2016 (the “Non-Competition Agreement”), including your obligations to maintain the confidentiality of Company confidential information, return Company documents and other property and to adhere to certain non-competition and non-solicitation obligations. Please note that your obligation to return Company property under Section 2 of the Non-Competition Agreement includes, without limitation, your obligation to return all Company equipment that is currently in your possession.
Entitlements and Obligations a) Customer shall be accorded the status of Business Partner and shall be entitled to all the rights and privileges thereof. b) Customer shall receive Business Partner Pricing, as defined in Addendum I of this Agreement, provided Customer is in full compliance with the terms of this Agreement, the Tailored Technical Services Agreement, and the Cooperative Sales Support Agreement. c) In order to be a Business Partner, Customer must be a licensed end user of mdbs Development System software. d) Customer agrees that the contents of this Agreement and its Addenda, and any extensions or modifications thereto, shall be held in strict confidence and not released to any third party without the prior written consent of mdbs, or as required by a court of competent jurisdiction. This obligation shall survive termination of this Agreement.
Entitlements and Obligations. Your execution and delivery of this Release Agreement is a condition to the effectiveness of certain provisions of the Consulting Agreement dated as of March 8, 2018 by and between the Company and you (the “Consulting Agreement”). Without regard to the effectiveness of provisions of the Consulting Agreement, Anika confirms that it will: · pay you compensation that accrues to you through the Retirement Date; · pay you for all accrued but unused vacation time due to you through the Retirement Date; · provide you with the right to continue group health, dental and vision care coverage for 18 months after the Retirement Date under the law known as “COBRA,” which will be described in a separate written notice; · treat outstanding equity incentive awards from the Company (the “Equity Grants”) under the terms of the applicable equity plan and award agreements; and · reimburse you for any outstanding, reasonable business expenses that you have incurred on the Company’s behalf through the Retirement Date, after the Company’s timely receipt of appropriate documentation pursuant to the Company’s standard expense reimbursement policies and procedures. Regardless of whether you enter into this Release Agreement with the Company, you are subject to continuing obligations under your Employment Agreement with the Company dated October 17, 2008, as amended (the “Employment Agreement”), including your obligations to maintain the confidentiality of Company confidential information, return Company documents and other property, and, for eighteen months after employment ends, refrain from certain competition and solicitation activities.
Entitlements and Obligations. Your employment with the Company shall end effective July 11, 2014 (the “Resignation Date”). Regardless of whether you enter into an agreement with the Company, the Company shall: • pay you salary accrued to you through the Resignation Date; • pay you for all accrued but unused vacation time due to you through the Resignation Date; • provide you with the right to continue group medical, dental, and vision care coverage under the law known as “COBRA,” which will be described in a separate written notice; and • reimburse you for any outstanding, reasonable business expenses that you have incurred on the Company’s behalf through the Resignation Date, after the Company’s timely receipt of appropriate documentation pursuant to the Company’s business expense reimbursement policy. You shall also have the right to exercise any and all vested options that you hold to purchase common stock of the Company, pursuant to and subject to the terms of the applicable stock option plan and agreements. For your part, you are subject to continuing obligations under your April 18, 2011 Intellectual Property Protection Agreement (the “IP Agreement”), including but not limited to your obligations to maintain the confidentiality of Company confidential information, return Company documents and other property and, for one (1) year after the Resignation Date, not to compete with the Company and not to solicit Company customers or employees.
Entitlements and Obligations. As you know, you and the Company entered into an employment agreement dated September 20, 2012 (the “Employment Agreement”). In connection with the ending of your employment, and regardless of whether you enter into the Separation Agreement, the Company will pay you the Accrued Obligations, defined in the Employment Agreement as: (i) the portion of your Base Salary that has accrued prior to any termination of your employment with the Company that has not yet been paid; (ii) an amount equal to the value of your accrued unused vacation days; and (iii) the amount of any expenses properly incurred by you on behalf of the Company prior to any such termination and not yet reimbursed, including reimbursement in the amount of $575.80 for a plane ticket previously purchased, after the Company’s timely receipt of appropriate documentation pursuant to the Company’s business expense reimbursement policy. In addition, you have the right to continue group medical and dental care coverage after the termination of your employment under the law known as “COBRA,” which will be described in a separate written notice. This will also confirm that unless you enter the proposed Separation Agreement below, none of the Restricted Stock Award or the Option Grant (each as defined in the Employment Agreement) or any other equity award(s) made to you under the Company’s 2012 Stock Option and Incentive Plan or otherwise have vested and thus all are forfeited as of the Termination Date.
Entitlements and Obligations. Regardless of whether you enter into an agreement with the Company, the Company shall: · pay you compensation that accrues to you through the date of termination of your employment; · pay you for all accrued but unused vacation time due to you through the date of termination of your employment; · provide you with the right to continue group medical and dental care coverage after the termination of your employment under the law known as “COBRA,” which will be described in a separate written notice, with the Company paying certain expenses associated therewith as set forth below; and · reimburse you for any outstanding, reasonable business expenses that you have incurred on the Company’s behalf through the termination of your employment, after the Company’s timely receipt of appropriate documentation pursuant to the Company’s business expense reimbursement policy. You shall also have the right to exercise any and all vested options that you hold to purchase common stock of the Company pursuant to and subject to the terms of the grant instruments that have been provided to you over time (the “Equity Grants”). Consistent with the terms of the Equity Grants, you will not vest further in the Equity Grants beyond the last day of your employment.
Entitlements and Obligations. If any proceeds, revenues or monies attributable to a Shared Receivable are received by any Party which, under the terms of this Agreement, belong in whole or in part to the other Party, the portion of such proceeds, revenues or monies to which the other Party is entitled shall as soon as practicable, but not later than ten (10) Business Days after receipt thereof, be paid over to the proper Party. If a Party receives an invoice or other evidence of a Shared Payable which under the terms of Section 12.2(b) is in whole or in part the obligation of the other Party, then the receiving Party shall as soon as practicable, but not later than ten (10) Business Days after receipt thereof, forward to the responsible Party the original or a copy of such invoice or obligation.
Entitlements and Obligations. If this Agreement is terminated by the Company pursuant to Section 6(b), by the Company without Cause at any time on or within 90 days following the date determined pursuant to Section 2(a) or by the Executive for Good Reason pursuant to Section 6(c), then:
