Mutually Exclusive Benefits Sample Clauses

Mutually Exclusive Benefits. For the avoidance of doubt, the benefits afforded under Sections 4(b) and 5 are mutually exclusive. If Executive has an Involuntary Termination within three (3) months prior to a Change of Control and becomes entitled to cash severance pursuant to Section 4(b), but already received cash severance pursuant to Section 5, the amount of the cash severance payable pursuant to Section 4(b) shall be offset by the amount already paid, subject to compliance with Section 409A of the Code.
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Related to Mutually Exclusive Benefits

  • Exclusive Benefits Except as expressly provided in this Section 4 and subject to Section 5 hereof, the Executive shall not be entitled to any additional payments or benefits upon or in connection with the Executive’s termination of employment.

  • Exclusive Benefit The foregoing conditions are for the exclusive benefit of the Vendor and any such condition may be waived in whole or in part by the Vendor delivering to the Purchaser a written waiver to that effect signed by the Vendor.

  • Specific Benefits During the term of this Agreement (and thereafter to the extent this Agreement shall require):

  • Exclusive Benefits of Parties This Deposit Agreement is for the exclusive benefit of the parties hereto, and their respective successors hereunder, and shall not be deemed to give any legal or equitable right, remedy or claim to any other person whatsoever.

  • TREATMENT OF FRINGE BENEFITS The fringe benefits are charged using the rate(s) listed in the Fringe Benefits Section of this Agreement. The fringe benefits included in the rate(s) are listed below. TREATMENT OF PAID ABSENCES Vacation, holiday, sick leave pay and other paid absences are included in salaries and wages and are claimed on grants, contracts and other agreements as part of the normal cost for salaries and wages. Separate claims are not made for the cost of these paid absences. OFF-CAMPUS DEFINITION: The off-campus rate will apply for all activities: a) Performed in facilities not owned by the institution and where these facility costs are not included in the F&A pools; or b) Where rent is directly allocated/charged to the project(s). Grants or contracts will not be subject to more than one F&A cost rate. If more than 50% of a project is performed off-campus, the off-campus rate will apply to the entire project. TREATMENT OF FRINGE BENEFITS: This organization uses fringe benefit rates for estimating direct fringe benefit costs on grant applications and contract proposals. For cash claims and final reporting purposes, the following fringe benefits are specifically identified to each employee and charged individually as direct costs: FICA, FICA Medical, Health Insurance and Retirement. The following benefits are covered by the rates listed in Section I: Workers' Compensation, Unemployment Compensation, Terminal Leave, Severance Pay, Employee Assistance Program, Tuition Waivers, and Short/Long Term Disability. Equipment means tangible personal property (including information technology systems) having a useful life of more than one year and a per-unit acquisition cost which equals or exceeds the lesser of the capitalization level established by the non-Federal entity for financial statement purposes, or $5,000. The next Fringe Benefits rates proposal for FYE 06/30/2022 is due in our office by 12/31/2022. *This Rate Agreement updates the F&A section only*. The next F&A rates proposal based on FYE 06/30/2024 is due in our office by 12/31/2024.

  • Mitigation; Exclusivity of Benefits (a) The Executive shall not be required to mitigate the amount of any benefits hereunder by seeking other employment or otherwise, nor shall the amount of any such benefits be reduced by any compensation earned by the Executive as a result of employment by another employer after the Date of Termination or otherwise.

  • COBRA/Rhode Island Extended Benefits (XXXX) If this plan is provided to you under COBRA or XXXX, and you are covered under another plan as an employee, retiree, or dependent of an employee or retiree, the plan covering you as an employee, retiree or dependent of an employee or retiree will be primary and the COBRA or XXXX plan will be the secondary plan.

  • Survivor Benefits 1. A surviving dependent of a retiree who was eligible to receive a Retiree Medical Grant, as stated above in A through C, and who qualifies for a monthly allowance shall be eligible for fifty (50) percent of the Grant authorized for the retiree.

  • Exclusive Employment During employment with the Company, Executive will not do anything to compete with the Company’s present or contemplated business, nor will he plan or organize any competitive business activity. Executive will not enter into any agreement which conflicts with his duties or obligations to the Company. Executive will not during his employment or within one (1) year after it ends, without the Company’s express written consent, directly or indirectly, solicit or encourage any employee, agent, independent contractor, supplier, customer, consultant or any other person or company to terminate or alter a relationship with the Company.

  • Non-Exclusive Arrangement Nothing contained in these Terms shall be construed as conferring or granting an exclusive right or obligation upon either party to purchase or sell products or services under these terms. 21. FORCE MAJEURE Neither party shall be liable to the other for any delay or inability to perform its obligations under these terms or otherwise if such delay or inability arises from any act of God, fire, natural disaster, act of government, or any other cause beyond the reasonable control of such party which could not be avoided by the exercise of due care. 22. NOTICES Whenever notice is to be given by any party to the other party under these terms, such notice shall be made by any one of the following methods; personally; by overnight courier service from which proof of delivery can be obtained; via next day business delivery, delivery charges prepaid; or by registered or certified mail, return-receipt requested. Notices shall be deemed received (a) if personally delivered or via overnight courier, upon derecho exclusivo u obligación en ninguna de las partes para comprar o vender productos o servicios bajo estos términos. 21. FUERZA MAYOR Ninguna de las partes será responsable por la otra por ningún retraso o incapacidad para cumplir sus obligaciones bajo estos términos o, por otra parte, si dicho retraso o incapacidad surge por actos de Dios, fuego, desastre natural, actos del gobierno, o cualquier otra causa más allá del control razonable que dicha parte que no pudo xxxxx sido evitado mediante el ejercicio del debido cuidado. 22. NOTIFICACIONES Cuando deba realizarse una notificación de una de las partes a la otra parte bajo estos términos, dicha notificación xxxxxx ser realizada por alguno de los siguientes métodos; personalmente; por mensajería rápida mediante la cual se pueda obtener pruebas de la entrega; por envío el siguiente día hábil, pre- pagando los gastos de envío; o por correo registrado o certificado, solicitando el acuso de recibo. Las notificaciones se entenderán recibidas (a) si enviadas personalmente o vía mensajería rápida, al día de envío a la dirección de la persona que debe recibir dicha notificación si la misma es entregada antes de las 5:00 p.m., de lo contrario durante el siguiente día hábil luego del envío a la parte a quien se dirige la notificación; (b) si enviado por correo, dos (2) xxxx hábiles luego de depositadas en el correo regular. Cualquier parte puede cambiar su dirección y otra información de notificación avisando a la otra parte por escrito de dicho cambio conforme a lo dispuesto en esta sección. Mientras tanto, todas las notificaciones serán enviadas a las direcciones definidas en la OC. 23. INSPECCIONES Alorica tendrá derecho en cualquier momento, y por el periodo de un (1) año luego de la terminación, a inspeccionar y obtener, bajo su propia cuenta, copias de todas las licencias escritas, permisos, aprobaciones o cualquier otro documento emitido por cualquier entidad gubernamental o agencia al Proveedor o sus

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