Payments upon Separation Clause Samples

Payments upon Separation. ‌ 42.1 Any payments paid upon separation shall be in accordance with COUNTY ’s Employee Manual Section 4.060 (Exhibit B).

Payments upon Separation. When Executive’s employment with the Company ends, for any reason, the Company shall pay to Executive: (i) any earned but unpaid Base Salary through the Employee’s last day of employment with the Company (such date, the “Separation Date”); and (ii) any unreimbursed but validly reimbursable business expenses incurred by Executive on or before the Separation Date. Upon the termination of Executive’s employment for any reason, Executive shall be entitled to continue those benefits as may be required by state or federal law at Executive’s own cost and expense.

Payments upon Separation. Notwithstanding any contrary payment provisions of this Section 6, all payments in connection with a separation from service under this Agreement shall be made as of the latest of the following dates: (i) the sixtieth (60th) day following the termination of ▇▇. ▇▇▇▇▇▇▇▇▇’▇ employment and his delivery without revocation of the executed Separation Agreement; (ii) to the extent required under Section 11(b) below, the first business day that is six (6) months following ▇▇. ▇▇▇▇▇▇▇▇▇’▇ separation from service; or (iii) the payment date required under the terms of any deferred compensation plan subject to the requirements of Code Section 409A. Amounts otherwise payable prior to these dates shall be delayed pursuant to this provision. ▇▇. ▇▇▇▇▇▇▇▇▇ shall not retain the ability to elect the tax year of any payments under the Separation Agreement and to the extent any payment could be made in one (1) of two (2) tax years, such payment shall be made in the later tax year. All payments under this Agreement shall be subject to all applicable federal, state, and local tax withholding.

Payments upon Separation. Notwithstanding anything to the contrary in this Agreement, upon termination of Employee’s employment with the Company, Employee shall be entitled to receive from the Company only the compensation and benefits set forth in this Section 6.e, and Employee shall not be entitled to any further compensation or benefits from the Company (including its subsidiaries and affiliates). For the avoidance of any doubt, the payments identified in Sections 6.f.ii.-v. below (the “Severance Payments”) shall not become due and payable unless and until a severance agreement between the Company and Employee (or Employee’s estate or beneficiaries, as the case may be) containing a broad waiver and release favoring the Company (a “Severance Agreement”) has become effective, binding, and irrevocable on the parties thereto. Except with respect to Severance Payments, which shall be paid to Employee (or Employee’s estate or beneficiaries, as the case may be) pursuant to the applicable Severance Agreement, all amounts due under the following Section 6.f.i.-v. upon termination of Employee’s employment with the Company shall be paid to Employee (or Employee’s estate or beneficiaries, as the case may be) on the first regular payday following the Employee’s termination (or sooner if required by law). All amounts which may become payable to Employee under this Section 6.f., including any Severance Payments, shall be subject to all applicable regulatory, tax, and legal requirements described under Section 1.p. of this Agreement.

Payments upon Separation. Employee acknowledges that on the Separation Date, Employer has paid him in full pursuant to Section 6 of that certain Separation Agreement between Employer and Employee, dated April _____, 2011 (“Separation Agreement”).

Payments upon Separation. Notwithstanding any contrary payment provisions of this Section 6, payments in connection with a separation from service under this Agreement shall be made as of the latest of the following dates: (i) the sixtieth (60th) day following the termination of Executive’s employment and her delivery without revocation of the executed Separation Agreement; (ii) to the extent required under Section 11(b) below, the first business day that is six

Payments upon Separation. Notwithstanding anything to the contrary in this Agreement, upon termination of Employee’s employment with the Company, Employee shall be entitled to receive from the Company only the following compensation and benefits, and Employee shall not be entitled to any further compensation or benefits from the Company (including its subsidiaries and Affiliates): i. If the Company terminates Employee’s employment for Cause or Employee terminates his employment without Good Reason and fails to provide advance notice required by Section 6(d), then, within thirty (30) days of such termination, the Company shall provide to Employee: (1) all base salary through the date of termination; and (2) any outstanding expense reimbursement payments then due to Employee as of the date of termination. ii. If the Company terminates Employee’s employment hereunder without Cause, Employee terminates his employment hereunder for Good Reason (except for a Change of Control), Employee’s employment terminates by expiration because Employee and/or the Company elect not to execute a new employment agreement, Employee terminates his employment hereunder without Good Reason by providing advance notice required by Section 6(d), or Employee’s employment hereunder terminates due to Employee’s death or disability, then, within thirty (30) days of such termination or expiration, the Company shall provide to Employee: (1) all base salary through the date of termination or expiration; (2) any outstanding expense reimbursement payments then due to Employee as of the date of termination or expiration; and (3) in exchange for Employee (or his estate) executing (and not revoking) a waiver and release drafted by the Company’s counsel: (a) the pro-rata portion of any bonus to which Employee would have been entitled under Section 4(b) had he remained employed with the Company through December 31, 2020; (b) the equity compensation to which Employee would have been entitled under Section 4(c) had he remained employed with the Company through the entire Term (until February 7, 2021); and (c) six months of severance paid in accordance with the Company’s normal payroll practices, which includes being subject to appropriate deductions and withholdings as required or permitted by law. iii. If Employee terminates his employment under this Agreement for a Change of Control, then, within thirty (30) days of termination, the Company shall provide to Employee: (1) all base salary through the date of termination; (2)...

Payments upon Separation