Executive Severance Agreement. “Executive Severance Agreement” means the Executive Severance Agreement between the Company and Executive dated as of even date herewith.
Executive Severance Agreement. If Optionee has executed an Executive Severance Agreement with the Company, the Option will be Vested in accordance with the terms of the Executive Severance Agreement if Optionee becomes entitled to the receipt of "Severance Benefits," as set forth in that Executive Severance Agreement and sixteen (16) days have passed following the execution of a standard form of "Waiver & Release" of claims and compliance with the "Conditions" by Optionee as set forth in the Company's standard Executive Severance Agreement.
Executive Severance Agreement. Executive shall be entitled to a change in control benefit with Covalent the terms of which are set forth on Exhibit C.
Executive Severance Agreement. The Executive Severance Agreement entered into between the Company and the Executive as of February 3, 1999.
Executive Severance Agreement. The Employer and the Executive hereby terminate the Severance Agreement in accordance with its terms.
Executive Severance Agreement. In the event Benninger receives any cash xxxxxxxx under that certain Executive Severance Agreement dated December 15, 1982 between Valero and Benninger, Valero shall be xxxxxxxx to credit any cash payments that are made to Benninger pursuant to his Exxxxxxxx Severance Agreement against any cash payments that it is obligated to make under this Agreement. Valero agrees that if remuneration or benefits of any form paid to Benninger by Valero during xx xxxxx his employment with Valero are excess parachute payments as defined in Section 280G of the Internal Revenue Code of 1986, as amended ("Code"), and are subject to the 20% excise tax imposed by Section 4999 of the Code, Valero shall pay Benninger a bonus no later xxxx xxxxn days prior to the earliest of the due date for the excise tax return or initial estimated payment, in an amount equal to the excise tax payable as a result of the excess parachute payment and any additional federal income taxes (including any additional excise taxes) payable by him as a result of the bonus, assuming that he will be subject to federal income taxes at the highest individual marginal rate. It is the intention of the Parties that the bonus be "grossed up" so that the bonus contains sufficient funds to pay the excise and all additional federal income taxes due as a result of the bonus payment so that Benninger will suffer no dexxxxxxx xrom the excise tax payable as a result of the excess golden parachute payments.
Executive Severance Agreement. Simultaneous with the execution of this Agreement, and as a condition of the Executive’s willingness to agree to the restrictions described herein, the Company and the Executive are executing an Executive Severance Agreement that provides certain protections to the Executive.
Executive Severance Agreement. (a) The parties intend and agree to modify the cash payment provision of paragraph 4 of the Employment Agreement between Executive and the Company, dated October 19, 1997 (the "First Agreement") as follows: Eight days after the execution of this Agreement, Executive shall receive a lump sum payment in the amount of [$2.1] million, less taxes and deductions required by law to be withheld. Such payment shall fully satisfy the company's obligation with respect to the payment of cash (salary and bonus) detailed in paragraph 4 of the First Agreement.
Executive Severance Agreement. Nothing in this Agreement extends the term of, or the protections afforded to you by, your Executive Severance Agreement. NONDUPLICATION OF BENEFITS/NO SEVERANCE - The payment of any severance or separation benefits under this Agreement will fulfill all GTE obligations under associated plans and programs. No provision of this Agreement will require GTE to provide you with any payment, benefit, or grant that duplicates any payment, benefit, or grant that you are entitled to receive under your Executive Severance Agreement or under any GTE compensation or benefit plan, award agreement, or other arrangement. ASSIGNMENT - Service Corp. may, without your consent, assign its rights and obligations under this Agreement to any other entity that is a part of GTE, and if Service Corp. makes such an assignment, all references in this Agreement to "Service Corp." shall be deemed to refer to the assignee. However, you may not assign your rights and obligations under this Agreement.
Executive Severance Agreement. 3.1 Coordination with Executive Severance Agreement. Dr. Hartert's termination shall xx xxxxxx x xermination "by the Company for reasons other than Cause" as that phrase is used in Section 4.2(a) of the Executive Severance Agreement dated June 19, 2001, between Cobalt Corporation and Dr.
