Post Employment Services. It is contemplated that some of REFAC’s assets may be sold in exchange for contract rights that include periodic payments and that some of the royalty agreements might be collected until maturity rather than sold. In such event and with respect to such contracts, XXXXXXX agrees to be responsible for the contract administration, which shall include invoicing (where appropriate), collecting the periodic payments, monitoring performance, and record keeping. XXXXXXX shall be reimbursed for all of his out-of-pocket costs associated therewith and will perform these services on a part-time basis.
Post Employment Services. Notwithstanding anything contained in Section 3(a) and (b) above to the contrary, following the fifth anniversary of the Effective Date and for the remainder of the term of this Section 3, Irish may provide services to any business as an employee, consultant, independent contractor or otherwise, whether or not it competes with the Primary Business.
Post Employment Services. Notwithstanding anything contained in Section 3(a) and (b) above to the contrary, following the fifth anniversary of the Effective Date and for the remainder of the term of this Section 3, Xxxxxxx may provide consulting services to any business whether or not it competes with the Primary Business.
Post Employment Services. Employee agrees for a period of two (2) years following the date of this Agreement to assist Company in any and all reasonable ways, including, but not limited to: (a) immediately providing any passwords to Company’s Chief Executive Officer; (b) assisting Company with locating information and property about which Employee may have knowledge; (c) responding to questions relating to Company and Employee’s work as such questions arise; (d) cooperating with Company in the preparation or defense of any lawsuits or claims relating to work performed by Employee or with which Employee had knowledge, including but not limited to the Blackstone litigation; and (e) communicating about Company in a positive manner subject to Employee’s obligation to comply with the law and to cooperate with governmental authorities.
Post Employment Services. The second to last sentence of Paragraph 2 of the Letter Agreement shall be eliminated in its entirety and replaced with the following sentence: "The amount of the benefit described in Section 7(a)(1) of the Employment Agreement shall be treated for all purposes to be an amount equal to $300,000."
Post Employment Services. Immediately upon stepping down from your present position as Chief Executive Officer under Paragraph 1 above, you will commence 1 employment services pursuant to Section 6 of the Employment Agreement; provided however, that the services rendered by you pursuant to Section 6 of the Employment Agreement shall be services rendered as an employee of Advest rather than as an independent contractor. Until further written direction from Advest, your initial services shall include your continuing to act as Chairman and a Member of the Board of Directors of Advest and as a member of the boards of directors of such subsidiaries and affiliates of Advest as you presently occupy. Also, immediately upon stepping down from your present position as Chief Executive Officer under Paragraph 1 above, you shall become eligible to receive supplemental retirement benefits in accordance with Section 7 of the Employment Agreement. The amount of the benefit described in Section 7(a)(i) of the Employment Agreement shall be treated for all purposes to be an amount equal to $200,000. Pursuant to Section 9(a) of the Employment Agreement, you have elected not to take a J&S Annuity, but instead to receive the payments over a ten year period as provided pursuant to Sections 6, 7 and 8 of the Employment Agreement.
Post Employment Services. During the Post-Separation Transition Period, as consideration for the payments and benefits provided for pursuant to Section 4(b) above, Employee shall be available to provide such transitional services as are reasonably requested by the Company (the “Transition Services”). The scope of such services shall be at the reasonable discretion of the Company’s Chief Executive Officer, and are not expected to exceed ten (10) hours per month.
