Separation Arrangements. (a) Executive shall be entitled to payment of his base salary through the Termination Date. Any accrued vacation amount shall also be paid on the Termination Date. Executive agrees to submit to the Company any and all expenses, which are business-related and reimbursable to Executive by the Company, on or before thirty (30) days after the Termination Date.
Separation Arrangements. Effective as of the Offer Acceptance Deadline, Onsite shall establish and adopt the Separation Plan, as set forth in Exhibit F attached hereto, for the benefit of all Continuing Employees. Onsite shall maintain the Separation Plan for a period of at least one year from the Closing Date. The costs incurred, directly or indirectly, under the Separation Plan in connection with the termination of any Continuing Employee after the Closing Date, shall be borne exclusively by Onsite. "Years of Service" for each Continuing Employee as such term is used in the Separation Plan is set forth in Schedule 8.1(a). If, at any time within 12 calendar months after the date of 1039(6).nks November 10, 1997 termination of employment of any Continuing Employee, Westar Energy hires such Continuing Employee, then Westar Energy shall promptly pay to Onsite an amount equal to the total amount paid by Onsite to such terminated Continuing Employee under the Separation Plan.
Separation Arrangements. If the employment of an employee covered by these Workplace Flexibility Arrangement ceases and they owe the Court time for hours paid but not worked then this will be deducted from entitlements due and/or become a debt to the State. Additionally any recreation leave accrued in lieu of public holidays will be calculated and paid on a pro-rata basis for that year.
Separation Arrangements. In consideration of the performance by Employee of his obligations pursuant to this Agreement, the Company agrees to pay to Employee $325,000, less applicable withholdings for federal, state and local taxes, which represents a special bonus and the value of all of Employee's accrued but unused vacation time. Such amount shall be paid by wire transfer of immediately available funds to an account designated in writing by Employee for such purpose on the Separation Date. From and after the Separation Date, Employee shall be entitled to receive his unused benefits as of the Separation Date under the 401(k) Plan of the Company and the Salaried Employees' Retirement Income Plan of the Company (collectively, the "Qualified Plans") in accordance with and subject to the terms and conditions of the Qualified Plans. The Company shall promptly process and pay all reasonable and customary business expenses incurred by Employee through the Separation Date and submitted by Employee to the Company for payment no later than fifteen (15) days after the Separation Date in accordance with the Company's ordinary expense payment procedures. Employee acknowledges and agrees that Employee is not entitled to and shall not be entitled to any compensation or benefit of any kind or description from the Company or as a result of his employment by the Company other than as set forth herein or as otherwise required by applicable law.
Separation Arrangements. A. In consideration of the performance by Employee of his obligations pursuant to this Agreement, the Company agrees, subject to this Agreement becoming effective pursuant to Section VI, to pay Employee a total of $600,000 to be paid on a monthly basis over eighteen (18) months, less all applicable withholdings, including federal, state and local taxes. Such amounts shall be paid by payroll check on the same schedule as wages would have been paid if Employee had remained employed with the Company, starting with the first regularly scheduled pay period after the Separation Date. In addition, all medical, dental and vision plan coverage will be continued through the Severance Period in accordance with the plans in effect during the Severance Period and the terms and conditions of this Agreement. Any unused vacation time will be paid as soon as practicable after the Separation Date. Coverage under COBRA will be available for eighteen (18) months following the Severance Period.
Separation Arrangements. The Company and Executive have agreed to the following.
Separation Arrangements. (a) In consideration of the performance by Employee of the obligations of Employee herein, the Company agrees to pay to Employee $729,020.80, less applicable withholdings for federal, state and local taxes. Such amount, which represents severance and the value of all of Employee’s accrued but unused vacation time (plus interest at the rate of 4.75% per annum on the portion to be paid on September 1, 2006), shall be paid by wire transfers to an account designated in writing by Employee for such purpose in periodic installments as follows: (i) on September 1, 2006 the Company will pay $262,354.13, less applicable withholdings for federal, state and local taxes, and (ii) on the first business day of each month thereafter through November 1, 2007 the Company will pay $33,333.33, less applicable withholdings for federal, state and local taxes. In January 2007 the Company will issue to Employee a form W-2 reflecting the payment of the amounts described in this Paragraph 3(a) in calendar year 2006 and in January 2008 the Company will issue to Employee a form W-2 reflecting the payment of the amounts described in this Paragraph 2(a) in calendar year 2007.
Separation Arrangements. In consideration of the obligations of the Executive herein, the Company agrees as follows:
Separation Arrangements. (a) To the extent it shall not have done so previously, upon the execution and delivery of this Agreement, the Company shall pay Kivinski any accrued and unpaid base salary, any and all accrued and unpaid vacation pay, any other paid time off as of the Separation Date.
Separation Arrangements. A. Employee agrees to continue working for the Company in a consulting capacity as reasonably requested and required by the Company throughout the Transition Period. Throughout the Transition Period, Employee shall remain Group Vice President and continue to receive his current salary, compensation and benefits, subject to Company policies, plans and programs.
