No Additional Benefits. The Executive acknowledges and agrees that, except as provided in this Section 2, the Executive's participation as an active employee under any benefit plan, program, policy or arrangement sponsored or maintained by the Company Group shall cease and be terminated as of the Termination Date. Without limiting the generality of the foregoing, the Executive's eligibility for and active participation in any of the tax-qualified plans maintained by the Company Group will end on the Termination Date and the Executive will earn no additional benefits under those plans after that date. The Executive shall be treated as a terminated employee for purposes of all such benefit plans and programs effective as of the Termination Date, and shall receive all payments and benefits due to him under such plans and programs in accordance with the terms and conditions thereof.
No Additional Benefits. Other than as set forth in this Separation Agreement, the Executive expressly acknowledges and agrees that he is not entitled to and will not receive any additional compensation, payments or benefits of any kind from the Company and the Releasees (as that phrase is defined in Section 7(b) below), including but not limited to any severance payment or bonus payment provided for in the Employment Agreement, and the Executive expressly acknowledges and agrees that no representations or promises to the contrary have been made to him.
No Additional Benefits. The Parties acknowledges and agrees that this Agreement resolves all outstanding issues arising from Executive’s employment and that Executive has received all compensation and benefits to which Executive would otherwise be entitled through the Separation Date, and the Executive as no further obligations to the Company. Employee shall receive no additional compensation or benefits from the Company in addition to those set forth in Paragraph 3 above.
No Additional Benefits. Nothing in this Agreement shall be construed to grant to the Sponsor any benefits, present or future, other than those set forth in Exhibit B for the sponsorship level selected with respect to meetings designated on the 2010 Meeting Calendar.
No Additional Benefits. Executive acknowledges and agrees that the individual shall receive no benefits additional to those set forth above. Executive acknowledges and agrees that the Company has paid the Executive all salary, wages, overtime, bonuses, commissions, and other compensation due to the Executive, if any, and has paid Executive for all accrued benefits (including but not limited to vacation and paid time off), if any, to which the Executive may be entitled. Once all of the payments referred to in Paragraph 2 have been made, Executive shall have been paid all compensation due and owing to the Executive under this Agreement, under any employment or other contract the Executive has or may have had with the Company, under any separation or severance policy, under any commission and/or sales plans, or from any other source of entitlement, including all salary, bonuses, commissions, vacation, paid leave, severance pay or other benefits. The Executive further acknowledges and agrees that the Separation Benefits are consideration for the Executive’s promises in this Agreement, and that such consideration is above and beyond any wages, salary, bonuses, commissions, severance, or other sums to which the Executive is entitled from the Company under the terms of employment or under any policy, contract, or law.
No Additional Benefits. Consultant shall receive no additional benefits hereunder, and Consultant acknowledges that the Company shall not be responsible for providing Consultant with health insurance, pension benefits or any other benefits.
No Additional Benefits. Executive acknowledges and agrees that the payments and other benefits provided for in this Agreement represent the only compensation and benefits to which Executive is entitled and, except for the fees for periods following the Termination Date payable under the Consulting Agreement identified in Section 7 below, Executive is not entitled to any other compensation, remuneration, benefits or entitlements, whether pursuant to the Separation Agreement, Restricted Stock Unit Agreement, Option Agreement or Performance Option Agreement or otherwise, excluding any accrued benefits the Executive may have under the Company’s 401(k) plan.
No Additional Benefits. Other than as set forth in this Agreement and Release, you expressly acknowledge and agree that you are not entitled to and will not receive any additional compensation, payments or benefits of any kind from the Company and the Releasees (as that term is defined in paragraph 5(b) below) and that no representations or promises to the contrary have been made to you.
No Additional Benefits. Unless otherwise specifically provided in this Agreement or contemplated by another agreement between the Executive and the Company, or as otherwise required by law, all compensation, equity plans, and benefits payable to the Executive under this Agreement, except indemnification pursuant to this Agreement, shall terminate on the date of termination of the Executive’s employment with the Company under the terms of this Agreement.
No Additional Benefits. If, in the absence of this Section 6, any one or more provisions of the Plan or this Agreement would cause this ISO to give Optionee any additional benefit (an "Additional Benefit") which Optionee did not have before the grant of this ISO and which would cause the substitution of this ISO to constitute a "modification" (within the meaning of Section 424(h)(3) of the United States of America Internal Revenue Code of 1986) of the option granted pursuant to the Prior Agreement, then, notwithstanding any other provision of the Plan or this Agreement, the Additional Benefit shall not apply to this ISO. In addition, if, in the absence of this Section 6, the inapplicability to the Plan or this Agreement of any one or more provisions of the Xyratex plc 2000 Stock Option Plan or the Prior Agreement would cause this ISO to give Optionee any Additional Benefit which Optionee did not have before the grant of this ISO and which would cause the substitution of this ISO to constitute a "modification" (within the meaning of Section 424(h)(3) of the United States of America Internal Revenue Code of 1986) of the option granted pursuant to the Prior Agreement, then, notwithstanding any other provision of the Plan or this Agreement, any and all such provisions of the Xyratex plc 2000 Stock Option Plan or the Prior Agreement are incorporated herein by this reference and shall apply to this ISO.
