Key Employee Salary Continuation Sample Clauses

Key Employee Salary Continuation. Agreements 1.01 Key Employees 1.01 Knowledge of Buyers 1.01 Knowledge of Sellers 1.01 Law 1.01 Lease Agreement 1.01 Leased Real Property 1.01 License Agreement 1.01 Licensed Intellectual Property 1.01 Lien 1.01 Loss 10.02(a) Malaysia Permits 1.01 Malaysia Purchase Agreement 2.14(b) Malaysia Transfer 2.14(b) Malaysia Transfer Date 2.14(b) Malaysian Transfer Documents 2.14(b) Material Adverse Effect 1.01 Material Contracts 3.11(a) Offsite Release Environmental Claim 10.02(a)(iv)(G) Order 1.01 Other Competition Laws 1.01 Other Personnel 8.01(a) Owned Real Property 1.01 Patent 1.01 Permits 1.01 Permitted Liens 3.08 Person 1.01 Personal Injury Claim 10.03(b)(vi) Personal Property 3.08 Post-Closing Consents 6.02 Post-Closing Tax Period 1.01 PRC Business Day 1.01 Pre-Closing Period 1.01 Pre-Closing Tax Period 1.01 Ongoing Ancillary Agreements 1.01 Principal Leases 1.01 Proceeding 3.10 Purchased Assets 2.01 Purchased Intellectual Property 1.01 Purchased Real Property 1.01 Purchase Price 2.08 Real Estate Leases 1.01 Real Property 1.01 Receivables 2.01(e)
Sample 1
AutoNDA by SimpleDocs
Key Employee Salary Continuation. Agreements 1.01 Key Employees 1.01 Knowledge of Buyers 1.01 Knowledge of Sellers 1.01 Law 1.01 Lease Agreement 1.01 Leased Real Property 1.01 License Agreement 1.01 Licensed Intellectual Property 1.01 Lien 1.01 Loss 10.02(a) Malaysia Permits 1.01 Malaysia Purchase Agreement 2.14(b) Malaysia Transfer 2.14(b) Malaysia Transfer Date 2.14(b) Malaysian Transfer Documents 2.14(b) Material Adverse Effect 1.01
Sample 1

Related to Key Employee Salary Continuation

  • Salary Continuation If the Executive becomes totally disabled during the term of this Agreement, his full salary shall be continued for 360 days from the date of the disabling injury or onset of the disability illness.

  • Salary Continuance The Employer will continue the salary and benefits coverage of an Employee who is granted leave without pay in accordance with Article 13.01 and will xxxx the relevant Union for the Employee’s salary. If the leave extends beyond three calendar months, the Employer will, from that point, xxxx the relevant Union 1.2 times the Employee’s salary until the leave is concluded.

  • Benefit Continuation You and your then eligible dependents shall continue to be covered by and participate in the group health and dental care plans (collectively, “Health Plans”) of the Company (at the Company’s cost) in which you participated, or were eligible to participate, immediately prior to the Date of Termination through the end of the Benefit Continuation Period; provided, however, that any medical or dental welfare benefit otherwise receivable by you hereunder shall be reduced to the extent that you become covered under a group health or dental care plan providing comparable medical and health benefits. You shall be eligible to participate in such Health Plans on terms that are at least as favorable as those in effect immediately prior to the Date of Termination. However, in the event that the terms of the Company’s Health Plans do not permit you to participate in those plans (other than pursuant to an election under the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”)), in lieu of your and your eligible dependent’s coverage and participation under the Company’s Health Plans, the Company shall pay to you within fifteen (15) calendar days after the effective date of the Waiver and Release a lump sum equal to two (2) times your monthly COBRA premium amount for the number of months remaining in the Benefit Continuation Period. In addition, for the purposes of coverage under COBRA, your COBRA event date will be the date of loss of coverage described in this paragraph above.

  • Salary Severance A single, lump sum payment equal to twelve (12) months of the Executive’s Salary, less applicable withholdings.

  • Salary, Bonus and Benefits During the Employment Period, Employer will pay Executive a base salary (the “Annual Base Salary”) of $165,000 per annum, subject to any increases as determined by the Board based upon the Company’s achievements of budgetary and other objectives set by the Board. For any fiscal year, Executive shall be eligible for an annual bonus of up to 50% of the Executive’s then applicable Annual Base Salary based upon the achievement by the Company, Employer and their Subsidiaries of budgetary and other objectives set by the Board; provided that with respect to the first year for which Executive is eligible for a bonus, such bonus shall be paid on a pro rata basis based upon that portion of the year that remained after the date of this Agreement. In addition, during the Employment Period, Executive will be entitled to such other benefits approved by the Board and made available to the senior management of the Company, Employer and their Subsidiaries.

  • Salary Benefits and Bonus Compensation 3.1 BASE SALARY. Effective July 1, 2000, as payment for the services to be rendered by the Employee as provided in Section 1 and subject to the terms and conditions of Section 2, the Employer agrees to pay to the Employee a "Base Salary" at the rate of $180,000 per annum, payable in equal bi-weekly installments. The Base Salary for each calendar year (or proration thereof) beginning January 1, 2001 shall be determined by the Board of Directors of Avocent Corporation upon a recommendation of the Compensation Committee of Avocent Corporation (the "Compensation Committee"), which shall authorize an increase in the Employee's Base Salary in an amount which, at a minimum, shall be equal to the cumulative cost-of-living increment on the Base Salary as reported in the "Consumer Price Index, Huntsville, Alabama, All Items," published by the U.S. Department of Labor (using July 1, 2000, as the base date for computation prorated for any partial year). The Employee's Base Salary shall be reviewed annually by the Board of Directors and the Compensation Committee of Avocent Corporation.

  • Accrued Salary On the Separation Date, the Company will pay you all accrued salary earned through the Separation Date, subject to standard payroll deductions and withholdings. You will receive these payments regardless of whether or not you sign this Agreement.

  • Accrued Compensation On any termination of the Executive’s employment with the Company Group, the Executive will be entitled to receive all accrued but unpaid vacation, expense reimbursements, wages, and other benefits due to the Executive under any Company-provided plans, policies, and arrangements.

  • Severance Pay 4.4.2(a) Severance pay - other than employees of a small employer An employee, other than an employee of a small employer, whose employment is terminated by reason of redundancy is entitled to the following amount of severance pay in respect of a period of continuous service: Period of continuous service Severance pay Less than 1 year Nil 1 year and less than 2 years 4 weeks’ pay* 2 years and less than 3 years 6 weeks’ pay 3 years and less than 4 years 7 weeks’ pay 4 years and less than 5 yeas 8 weeks’ pay 5 years and less than 6 years 10 weeks’ pay 6 years and less than 7 years 11 weeks’ pay 7 years and less than 8 years 13 weeks’ pay 8 years and less than 9 years 14 weeks’ pay 9 years and less than 10 years 16 weeks’ pay 10 years and over 12 weeks’ pay * Week’s pay is defined in 4.4.1.

  • Severance Period For purposes of this Agreement, “Severance Period” means the period of time commencing immediately after Executive’s separation of service from the Company through the date that is six (6) months following such separation date, plus an additional two (2) months for every fully completed Year of Service; provided, however, that in all cases the Severance Period will end no later than on the twelve (12)-month anniversary of the date of Executive’s termination of employment.

Time is Money Join Law Insider Premium to draft better contracts faster.