PAYMENT AND OTHER BENEFITS Sample Clauses

PAYMENT AND OTHER BENEFITS. In lieu of any payments that Executive would be entitled pursuant to subsections 4(c)(i) and (ii) of the Employment Contract and in lieu of the insurance benefits to which Executive would be entitled pursuant to subsection 4(c)(iii) of the Employment Contract, the Executive will receive $1,138,811 (less any required withholding) payable by the Bank on July 21, 2005, or promptly thereafter. Promptly upon payment of said amount, Executive will purchase for its then current book value the vehicle that is currently being provided for Executive's use. The restrictions on the Executive's outstanding incentive awards shall lapse and shall become vested and exercisable during the full term of such award, and his benefits under deferred compensation arrangements shall become 100% vested as provided in Subsection 4(c)(iv) of the Employment Contract including the stock in his ESOP account, as reflected in the agreements attached hereto as Exhibit C. The payments and benefits for which provision is made in subparagraphs (a) and (b) above are absolute, subject to no contingencies and will survive the Executive's death, disability or termination.
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PAYMENT AND OTHER BENEFITS. (a) In lieu of any payments that Executive would be entitled pursuant to subsections 4(c)(i) and (ii) of the Employment Contract and in lieu of the insurance benefits to which Executive would be entitled pursuant to subsection 4(c)(iii) of the Employment Contract, the Executive will receive $1,253,532 (less any required withholding) payable by the Bank on July 21, 2005, or promptly thereafter. Promptly upon payment of said amount, Executive will purchase for its then current book value the vehicle that is currently being provided for Executive's use.
Sample 1
PAYMENT AND OTHER BENEFITS. (a) In lieu of any payments that Executive would be entitled pursuant to Subsections 4(e)(i) and (ii) of the Contract, the Executive will receive the following amounts on the following dates: $3,940,154.90 on January 24, 2005; $3,152,123.92 on January 24, 2006; and $788,030.98 on January 24, 2007 (in each case less any required withholding).
Sample 1
PAYMENT AND OTHER BENEFITS. (a) In lieu of any payments that Executive would be entitled pursuant to Subsection 4(c)(i) of the Contract, the Executive will receive $1,382,872.17 (less any required withholding).
Sample 1
PAYMENT AND OTHER BENEFITS. Under the terms of Employee’s Employment Agreement with the Company, including section 6, Employee is entitled to receive a severance payment in the event her employment is involuntarily terminated. In the absence of this Agreement, the provisions of Employee’s Employment Agreement would need to be amended by December 31, 2008 to either comply with Section 409A of the Internal Revenue Code (the “Code”) or qualify for an exception to the requirements of Section 409A. Effective immediately, Section 6(c) and Section 6(d) of the Employment Agreement are amended, restated and replaced by the provisions of this Section 3. The provisions of this Section 3, like the provisions of Section 6(c) and Section 6(d) of the Employment Agreement, are intended to fit within the short-term deferral exception to Section 409A as described in Treas. Reg. § 1.409A-1(b)(4).
Sample 1

Related to PAYMENT AND OTHER BENEFITS

  • Vacation and Other Benefits Each Contract Year, Executive shall be entitled to four (4) weeks of paid vacation in accordance with Employer’s applicable policies and procedures for executive-level employees. Executive shall also be eligible to participate in and receive the fringe benefits generally made available to other executive-level employees of Employer in accordance with and to the extent that Executive is eligible under the general provisions of Employer’s fringe benefit plans or programs; provided, however, that Executive understands that these benefits may be increased, changed, eliminated or added from time to time during the Term as determined in Employer’s sole and absolute discretion.

  • Compensation and Other Benefits Subject to the provisions of this Agreement, the Company shall pay and provide the following compensation and other benefits to the Executive during the Term as compensation for services rendered hereunder:

  • Expense Reimbursement and Other Benefits (a) During the term of Executive’s employment hereunder, pursuant to Applica’s Travel and Expense Policy and upon the submission of proper substantiation by the Executive, including copies of all relevant invoices, receipts or other evidence reasonably requested by Applica, Applica shall reimburse the Executive for all reasonable expenses actually paid or incurred by the Executive in the course of and pursuant to the business of Applica or any Affiliates.

  • Insurance and Other Benefits During the Employment Period, the Executive and the Executive’s dependents shall be entitled to participate in the Company’s insurance programs and any ERISA benefit plans, as the same may be adopted and/or amended from time to time (the “Benefits”). The Executive shall be entitled to paid personal days on a basis consistent with the Company’s other senior executives, as determined by the Board. The Executive shall be bound by all of the policies and procedures established by the Company from time to time. However, in case any of those policies conflict with the terms of this Agreement, the terms of this Agreement shall control.

  • Rent and Other Payments This paragraph contains detailed commercial terms. ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .

  • COMPENSATION AND OTHER FEES As compensation for the services provided by Xxxxxx xxxxxxxxx, the Company agrees to pay to Xxxxxx:

  • Administrative and Other Fees The Borrower agrees to pay the administrative and other fees of the Administrative Agent as provided in the Fee Letter and as may be otherwise agreed to in writing from time to time by the Borrower and the Administrative Agent.

  • Improper and Other Payments (a) Neither the Company, any director, officer, employee thereof, nor any agent or representative of the Company nor any person acting on behalf of any of them, has made, paid or received any unlawful bribes, kickbacks or other similar payments to or from any person or authority, (b) no contributions have been made, directly or indirectly, by the Company to a domestic or foreign political party or candidate; and (c) the internal accounting controls of the Company are believed by the Company’s management to be adequate to detect any of the foregoing under current circumstances.

  • Fees, Expenses and Other Payments (a) Except as otherwise provided in this Section 7.3, whether or not the Merger is consummated, all costs and expenses incurred in connection with this Agreement and the transactions contemplated hereby (including, without limitation, fees and disbursements of counsel, financial advisors and accountants) shall be borne solely and entirely by the party which has incurred such costs and expenses (with respect to such party, its "Expenses").

  • Servicing and Other Compensation The Servicer, as compensation for its activities hereunder, shall be entitled to receive, on or prior to each Distribution Date, the amounts provided for as the Servicing Fee and as reimbursement for Nonrecoverable Advances, Servicing Advances and reimbursement for Advances, all as specified by Section 5.09. The amount of compensation or reimbursement provided for shall be accounted for on a Mortgage Loan-by-Mortgage Loan basis. Additional servicing compensation in the form of assumption fees, prepayment fees and late payment charges shall be retained by the Servicer, to the extent permitted by applicable law. The Servicer shall be required to pay all expenses incurred by it in connection with its servicing activities hereunder (including the fees and expenses of the Trustee and any Sub-Servicer) and shall not be entitled to reimbursement therefor except as specifically provided in Sections 5.09 and 5.21.

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