Post-Termination Compensation and Benefits Sample Clauses

Post-Termination Compensation and Benefits. If the Executive’s employment shall be terminated for any reason following a Change in Control and during the Term, the Company shall pay to the Executive the Executive’s normal post-termination compensation and benefits as such payments become due. Such post-termination compensation and benefits shall be determined under, and paid in accordance with, the Company’s retirement, insurance and other compensation or benefit plans, programs and arrangements as in effect immediately prior to the Date of Termination or, if more favorable to the Executive, as in effect immediately prior to the occurrence of the first event or circumstance constituting Good Reason.
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Post-Termination Compensation and Benefits. If the Executive's employment shall be terminated for any reason following a Change in Control and during the Term, the Company shall pay to the Executive the normal post-termination compensation and benefits as such payments become due. Such post-termination compensation and benefits shall be determined under, and paid in accordance with, the Company's applicable retirement, insurance and other compensation or benefit plans, programs and arrangements.
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Post-Termination Compensation and Benefits. (a) The Company agrees that Employee’s termination of employment is a “retirement” for purposes of any plan or award agreement of the Company to which Employee is a party or in which Employee participates which includes the concept of retirement and, in accordance with the terms of such plans and award agreements, Employee will be entitled to receive the payments and benefits set forth in Exhibit A.
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Post-Termination Compensation and Benefits. In consideration of this Termination Agreement, the Company shall pay to Xxxxxx the balance of his annual salary under paragraph 2.1 (a) of the Employment Agreement in periodic payments on regularly scheduled payroll dates consistent with past practices with the last payment to be made on July 31, 2005. The Company shall also pay (1) all bonuses, including without limitation, bonuses based on the Company’s quarterly performance that would have been paid had Xxxxxx performed services through December 31, 2005, and (2) car allowances of $650 per month until July 31, 2005. Xxxxxx will also be reimbursed for all Company-related expenses incurred prior to July 31, 2005. The Company shall continue to provide health insurance and benefits on terms substantially identical to that now provided to Xxxxxx under the Employment Agreement (the “Extended Benefits”) under either the Consolidated Omnibus Budget Reconciliation Act (“COBRA”) or the Company’s current benefit plans. The costs of all such Extended Benefits will be borne solely by the Company. The Extended Benefits shall be furnished to Xxxxxx through and including the expiration of his Consulting Agreement. To the extent that Extended Benefits are treated as taxable income to Xxxxxx, the Company shall “gross-up” payments to Xxxxxx for such cost. The “gross-up” amounts and payments shall be mutually agreeable to the Company, Xxxxxx and Glaser’s tax advisors.
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Post-Termination Compensation and Benefits. (A) In the event that this Agreement is terminated pursuant to Section 8(A) (by reason of Employee’s death or disability), Employee shall be entitled to receive and the Bank shall cause to be paid to Employee any earned but unpaid Base Compensation through the effective date of termination. Such payment(s) shall be in addition to any benefits that Employee (or in the case of Employee’s death, Employee’s beneficiaries) shall be entitled to under any policy of life or disability insurance, if any, then maintained by the Bank for Employee’s benefit under Section 6(A).
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Post-Termination Compensation and Benefits. If the Executive’s employment shall be terminated for any reason following a Change in Control and during the Term, the Subsidiary shall pay to the Executive the Executive’s normal post-termination compensation and benefits (including any payments made in connection with either enforcing or waiving the post-contractual non-compete or non-solicitation covenant under the Managing Director Agreement (the “Non-Compete Covenant”) pursuant to Section 13 thereof), the compensation agreed in § 13 thereof), as such payments become due. Such post-termination compensation and benefits shall be determined under, and paid in accordance with, the Managing Director Agreement as in effect immediately prior to the Date of Termination or, if more favorable to the Executive, as in effect immediately prior to the occurrence of the first event or circumstance constituting Good Reason. The severance payments described in Section 6.1, if any, shall be reduced by any compensation paid to the Executive in connection with the Subsidiary’s enforcement or waiver of the Non-Compete Covenant.
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Post-Termination Compensation and Benefits. As a general matter, Binch and the Company agree that, in order to determine the rights and obligations of Binch vis a vis the Company and the Company vis a vis Binch, Binch’s retirement shall be treated as if his employment with the Company was terminated by the Company without cause pursuant to Section 9(e) of the Employment Agreement subject, however, to the following provisions of this Section 3:
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Post-Termination Compensation and Benefits 
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Related to Post-Termination Compensation and 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.

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

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

  • 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.

  • Vacation and Benefits The Executive is entitled to four (4) weeks of vacation, which will accrue on a pro-rata basis during the employment year, in addition to all public holidays when the office is closed. Executive will be eligible to participate in all employee benefit plans established by the Company for its employees from time to time, subject to general eligibility and participation provisions set forth in such plans. In accordance with Company policies from time to time and subject to proper documentation, the Company will reimburse you for all reasonable and proper travel and business expenses incurred by you in the performance of your duties.

  • Termination Compensation Termination Compensation equal to two (2) times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash on the thirtieth (30th) business day after the later of (a) the Control Change Date and (b) the date of the Executive's employment termination; provided that if at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's employment termination.

  • Severance Pay and Benefits Upon Termination by the Company without Cause or by the Executive for

  • Severance Payments and Benefits For purposes of this Agreement, the term "Severance Payments and Benefits" shall mean:

  • Severance Compensation upon Termination of Employment If the Company shall terminate the Executive’s employment other than pursuant to Section 5(a), (b) or (c) or if the Executive shall terminate his employment for Good Reason, then the Company shall pay to the Executive as severance pay in a lump sum, in cash, on the fifth day following the Date of Termination, an amount equal to three (3) times the average of the aggregate annual compensation paid to the Executive during the three (3) fiscal years of the Company immediately preceding the Change of Control by the Company subject to United States income taxes (or, such fewer number of fiscal years if the Executive has not been employed by the Company during each of the preceding three (3) fiscal years).

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