Common use of Monies and Benefits to Executive Clause in Contracts

Monies and Benefits to Executive. Upon such termination, Executive shall be entitled to receive: (i) any Base Salary earned and unpaid, and fringe benefits described in Section 3.3 hereof accrued and unpaid, through the date of such termination; (ii) one (1) times the aggregate of (x) the Base Salary plus (y) the Incentive Compensation at the Target Rate in effect as of the date of such termination; (iii) any Incentive Compensation for the fiscal year in which such termination occurs pro-rated through the date of such termination; provided, however, Executive shall not receive any portion of the Incentive Compensation under this Section 4.31.(iii) unless the Board determines in good faith that Executive would have been entitled to receive any Incentive Compensation for the fiscal year in which such termination occurred in accordance with Section 3.2 hereof; (iv) continuation of the fringe benefits described in Section 3.3 hereof under which Executive is participating as of the date of such termination for a period of twelve (12) months from the date of such termination; and (v) payment of outplacement services for Executive for a period of twelve (12) months from the date of such termination; provided, however, the aggregate amount of such payments shall not exceed $15,000.00.

Appears in 5 contracts

Samples: Employment Agreement (Stage Stores Inc), Employment Agreement (Stage Stores Inc), Employment Agreement (Stage Stores Inc)

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Monies and Benefits to Executive. Upon such termination, Executive shall be entitled to receive: (i) any Base Salary earned and unpaid, and fringe benefits described in Section 3.3 hereof accrued and unpaid, through the date of such terminationtermination or the date on which the Company terminates this Agreement during such thirty (30) day period; (ii) one (1) times the aggregate of (x) the Base Salary plus (y) the Incentive Compensation at the Target Rate in effect as of the date of such termination; (iii) any Incentive Compensation for the fiscal year in which such termination occurs pro-rated through the date of such termination; provided, however, Executive shall not receive any portion of the Incentive Compensation under this Section 4.31.(iii4.4.1(iii) unless the Board determines in good faith that Executive would have been entitled to receive any Incentive Compensation for the fiscal year in which such termination occurred in accordance with Section 3.2 hereof; (iv) continuation of the fringe benefits described in Section 3.3 hereof under which Executive is participating as of the date of such termination for a period of twelve (12) months from the date of such termination; and (v) payment of outplacement services for Executive for a period of twelve (12) months from the date of such terminationmonths; provided, however, the aggregate amount of such payments shall not exceed $15,000.00.

Appears in 5 contracts

Samples: Employment Agreement (Stage Stores Inc), Employment Agreement (Stage Stores Inc), Employment Agreement (Stage Stores Inc)

Monies and Benefits to Executive. Upon such termination, Executive shall be entitled to receive: (i) any Base Salary earned and unpaid, and fringe benefits described in Section 3.3 hereof accrued and unpaid, through the date of such termination; (ii) one and one-half (1) times the aggregate of of: (x) the Base Salary plus (y) your annual bonus target amount (65% of Base Salary or such other higher amount as approved by the Incentive Compensation at the Target Rate in effect as of the date of such terminationBoard); (iii) any Incentive Compensation performance bonus (65% of Base Salary or such other higher amount as approved by the Board) for the fiscal year in which such termination occurs pro-rated through the date of such termination; provided, however, Executive shall not receive any portion of the Incentive Compensation under this Section 4.31.(iii) performance bonus unless the Board determines in good faith that Executive would have been entitled to receive any Incentive Compensation performance bonus for the fiscal year in which such termination occurred in accordance with Section 3.2 hereof; (iv) continuation of the fringe benefits described in Section 3.3 hereof under which Executive is participating as of the date of such termination for a period of twelve (12) months from the date of such termination; and (v) payment of for outplacement services for Executive for a period of twelve (12) months from the date of such termination; , provided, however, the aggregate amount of such payments for outplacement services shall not exceed $15,000.00.

Appears in 1 contract

Samples: Employment Agreement (Stage Stores Inc)

Monies and Benefits to Executive. Upon such termination, Executive shall be entitled to receive: (i) any Base Salary earned and unpaid, and fringe benefits described in Section 3.3 hereof accrued and unpaid, through the date of such termination; (ii) one two (12) times the aggregate of (x) the Base Salary plus (y) the Incentive Compensation at the Target Rate in effect as of the date of such termination; (iii) any Incentive Compensation for the fiscal year in which such termination occurs pro-rated through the date of such termination; provided, however, Executive shall not receive any portion of the Incentive Compensation under this Section 4.31.(iii4.3.1(iii) unless the Board determines in good faith that Executive would have been entitled to receive any Incentive Compensation for the fiscal year in which such termination occurred in accordance with Section 3.2 hereof; (iv) continuation of the fringe benefits described in Section 3.3 hereof under which Executive is participating as of the date of such termination for a period of twelve twenty-four (1224) months from the date of such termination; and (v) payment of outplacement services for Executive for a period of twelve twenty-four (1224) months from the date of such termination; provided, however, the aggregate amount of such payments shall not exceed $15,000.0015,000.00 per twelve (12) month period.

Appears in 1 contract

Samples: Employment Agreement (Stage Stores Inc)

Monies and Benefits to Executive. Upon such termination, Executive shall be entitled to receive: (i) any Base Salary earned and unpaid, and fringe benefits described in Section 3.3 hereof accrued and unpaid, through the date of such termination; (ii) one and one-half (1) times the aggregate of of: (x) the Base Salary plus (y) your annual bonus target amount (65% of Base Salary or such other higher amount as approved by the Incentive Compensation at the Target Rate in effect as of the date of such terminationBoard); (iii) any Incentive Compensation performance bonus (65% of Base Salary or such other higher amount as approved by the Board) for the fiscal year in which such termination occurs pro-rated through the date of such termination; provided, however, Executive shall not receive any portion of the Incentive Compensation under this Section 4.31.(iii) performance bonus unless the Board determines in good faith that Executive would have been entitled to receive any Incentive Compensation performance bonus for the fiscal year in which such termination occurred in accordance with Section 3.2 hereof; (iv) continuation of the fringe benefits described in Section 3.3 hereof under which Executive is participating as of the date of such termination for a period of twelve (12) months from the date of such termination; and (v) payment of outplacement services for Executive for a period of twelve (12) months from the date of such termination; provided, however, the aggregate amount of such payments for outplacement services shall not exceed $15,000.00.

Appears in 1 contract

Samples: Employment Agreement (Stage Stores Inc)

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Monies and Benefits to Executive. Upon such termination, Executive shall be entitled to receive: (i) any Base Salary earned and unpaid, and fringe benefits described in Section 3.3 hereof accrued and unpaid, through the date of such termination; (ii) one and one-half (1) times the aggregate of of: (x) the Base Salary plus (y) the Incentive Compensation at the Target Rate in effect as your annual bonus target amount (65% of the date of such terminationBase Salary); (iii) any Incentive Compensation performance bonus (65% of Base Salary) for the fiscal year in which such termination occurs pro-rated through the date of such termination; provided, however, Executive shall not receive any portion of the Incentive Compensation under this Section 4.31.(iii) performance bonus unless the Board determines in good faith that Executive would have been entitled to receive any Incentive Compensation performance bonus for the fiscal year in which such termination occurred in accordance with Section 3.2 hereof; (iv) continuation of the fringe benefits described in Section 3.3 hereof under which Executive is participating as of the date of such termination for a period of twelve eighteen (1218) months from the date of such termination; and (v) payment of outplacement services for Executive for a period of twelve (12) months from the date of such termination; provided, however, the aggregate amount of such payments shall not exceed $15,000.00.

Appears in 1 contract

Samples: Employment Agreement (Stage Stores Inc)

Monies and Benefits to Executive. Upon such termination, Executive shall be entitled to receive: (i) any Base Salary earned and unpaid, and fringe benefits described in Section 3.3 hereof accrued and unpaid, through the date of such termination; (ii) one and one-half (1) times the aggregate of of: (x) the Base Salary plus (y) the Incentive Compensation at the Target Rate in effect as your annual bonus target amount (65% of the date of such terminationBase Salary); (iii) any Incentive Compensation performance bonus (65% of Base Salary) for the fiscal year in which such termination occurs pro-rated through the date of such termination; provided, however, Executive shall not receive any portion of the Incentive Compensation under this Section 4.31.(iii) performance bonus unless the Board determines in good faith that Executive would have been entitled to receive any Incentive Compensation performance bonus for the fiscal year in which such termination occurred in accordance with Section 3.2 hereof; (iv) continuation of the fringe benefits described in Section 3.3 hereof under which Executive is participating as of the date of such termination for a period of twelve eighteen (1218) months from the date of such termination; and (v) payment of outplacement services for Executive for a period of twelve (12) months from the date of such termination; provided, however, the aggregate amount of such payments shall not exceed $15,000.00.

Appears in 1 contract

Samples: Employment Agreement (Stage Stores Inc)

Monies and Benefits to Executive. Upon such termination, Executive shall be entitled to receive: (i) any Base Salary earned and unpaid, and fringe benefits described in Section 3.3 hereof accrued and unpaid, through the date of such termination; (ii) one and one-half (11.50) times the aggregate of (x) the Base Salary plus (y) the Incentive Compensation at the Target Rate in effect as of the date of such termination; (iii) any Incentive Compensation for the fiscal year in which such termination occurs pro-rated through the date of such termination; provided, however, Executive shall not receive any portion of the Incentive Compensation under this Section 4.31.(iii4.3.1(iii) unless the Board determines in good faith that Executive would have been entitled to receive any Incentive Compensation for the fiscal year in which such termination occurred in accordance with Section 3.2 hereof; (iv) continuation of the fringe benefits described in Section 3.3 hereof under which Executive is participating as of the date of such termination for a period of twelve eighteen (1218) months from the date of such termination; and (v) payment of outplacement services for Executive for a period of twelve (12) months from the date of such termination; provided, however, the aggregate amount of such payments shall not exceed $15,000.00.

Appears in 1 contract

Samples: Employment Agreement (Stage Stores Inc)

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