NO LEGAL ENTITLEMENT TO COMPENSATION AND BENEFITS Sample Clauses

NO LEGAL ENTITLEMENT TO COMPENSATION AND BENEFITS. Xxxxx agrees that Ancor has no legal obligation to provide him the compensation and benefits described in Paragraphs (1) - (5) above. Ancor has agreed to provide Xxxxx the compensation and benefits described in Paragraphs (1) - (5) above to reach an expeditious and amicable resolution regarding the terms and conditions of Xxxxx'x separation from employment, to minimize the attorneys' fees that otherwise would be incurred in the defense of any litigation instituted by Xxxxx, and to minimize the management time that otherwise would be expended in the defense of any litigation instituted by Xxxxx.
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NO LEGAL ENTITLEMENT TO COMPENSATION AND BENEFITS. Rush agrees and acknowledges that the Company has no legal obligation absent an agreement between the parties hereto to provide the compensation and benefits described in Paragraph 3 and that the Company has agreed to provide Rush such compensation and benefits to reach an expeditious and amicable resolution regarding the terms and conditions of Rush's resignation. Rush agrees that he was not entitled to any of the compensation and benefits specified in Paragraph 3 absent his execution of this Agreement.
NO LEGAL ENTITLEMENT TO COMPENSATION AND BENEFITS. Xxxxxxxxx agrees that MGI does not have any legal obligation to provide him the compensation described in Paragraph (1) above. MGI has agreed to provide Xxxxxxxxx the compensation described in Paragraph (1) above to reach an expeditious and amicable resolution of any potential employment-related disputes, to facilitate Shrotriya's transition to alternative employment, and to minimize the potential attorneys' fees and management time that would be expended in the event that any potential dispute between the parties was not resolved amicably.

Related to NO LEGAL ENTITLEMENT TO COMPENSATION AND BENEFITS

  • Other Compensation and Benefits Except as may be provided under this Agreement,

  • Severance Compensation and Benefits Not in Derogation of Other Benefits Anything to the contrary herein contained notwithstanding, the payment or obligation to pay any monies, or granting of any benefits, rights or privileges to Executive as provided in this Agreement shall not be in lieu or derogation of the rights and privileges that the Executive now has or will have under any plans or programs of or agreements with the Company, except that if the Executive received any payment hereunder, the Executive shall not be entitled to any payment under the Company’s severance policy for officers and directors.

  • ADDITIONAL COMPENSATION AND BENEFITS The Executive shall receive the following additional compensation and welfare and fringe benefits:

  • Compensation and Benefits As compensation for all services performed by the Executive under and during the term hereof and subject to performance of the Executive’s duties and of the obligations of the Executive to the Company and its Affiliates, pursuant to this Agreement or otherwise:

  • Accrued Compensation and Benefits Notwithstanding anything to the contrary in Section 2 and 3 above, in connection with any termination of employment upon or following a Change in Control (whether or not a Qualifying Termination or CIC Qualifying Termination), the Company or its subsidiary shall pay Executive’s earned but unpaid base salary and other vested but unpaid cash entitlements for the period through and including the termination of employment, including unused earned vacation pay and unreimbursed documented business expenses incurred by Executive prior to the date of termination (collectively “Accrued Compensation and Expenses”), as required by law and the applicable Company or its subsidiary, as applicable, plan or policy. In addition, Executive shall be entitled to any other vested benefits earned by Executive for the period through and including the termination date of Executive’s employment under any other employee benefit plans and arrangements maintained by the Company or its subsidiary, as applicable, in accordance with the terms of such plans and arrangements, except as modified herein (collectively “Accrued Benefits”). Any Accrued Compensation and Expenses to which the Executive is entitled shall be paid to the Executive in cash as soon as administratively practicable after the termination, and, in any event, no later than two and one-half (2-1/2) months after the end of the taxable year of the Executive in which the termination occurs or at such earlier time as may be required by applicable law or Section 10 below, and to such lesser extent as may be mandated by Section 9 below. Any Accrued Benefits to which the Executive is entitled shall be paid to the Executive as provided in the relevant plans and arrangements.

  • Other Compensation and Fringe Benefits In addition to any executive bonus, pension, deferred compensation and long-term incentive plans which Company or an affiliate of Company may from time to time make available to Employee, Employee shall be entitled to the following during the Employment Term:

  • Compensation Benefits In consideration of Executive's services hereunder, the Company shall provide Executive the following:

  • Compensation and General Benefits As compensation for his services under this Agreement, the Executive shall be compensated as follows:

  • Compensation and Benefits Upon Termination (a) If Executive’s employment is terminated by reason of death or Disability, the Company shall pay Executive’s Base Salary, at the rate then in effect, in accordance with the payroll policies of the Company, through the date of such termination (in the event of Executive’s death, the payments will be made to Executive’s beneficiaries or legal representatives) and Executive shall not be entitled to any further Base Salary or any applicable bonus, benefits or other compensation for that year or any future year, except as may be provided in Sections 5(d) or (e) below or an applicable benefit plan or program, or to any severance compensation of any kind, nature or amount.

  • Termination Benefits (a) If Executive’s employment is voluntarily (in accordance with Section 2(a) of this Agreement) or involuntarily terminated within two (2) years of a Change in Control, Executive shall receive:

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