Common use of Separation Pay and Benefits Clause in Contracts

Separation Pay and Benefits. In consideration of your execution of this Separation Agreement and your compliance with its terms and conditions, the Company agrees to pay or provide you (subject to the terms and conditions set forth in this Separation Agreement) with the benefits described in this paragraph 2 and to adhere to the nondisparagement restrictions set forth in paragraph 4b below, which exceed any payment and benefits to which you are otherwise entitled. The benefits below shall be in full satisfaction of its obligations under the terms of the Employment Agreement and all applicable cash or equity incentive compensation plans and agreements.

Appears in 1 contract

Samples: Separation Agreement and Release (Endo Pharmaceuticals Holdings Inc)

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Separation Pay and Benefits. In consideration of your execution of this Separation Agreement and your compliance with its terms and conditions, the Company agrees to pay or provide you (subject to the terms and conditions set forth in this Separation Agreement) with the benefits described in this paragraph 2 and to adhere to the nondisparagement restrictions set forth in paragraph 4b 4(b) below, which exceed any payment and benefits to which you are otherwise entitled. The benefits below shall be in full satisfaction of its the Company’s obligations under the terms of the Employment Agreement and all applicable cash or equity incentive compensation plans and agreementsagreements except as otherwise preserved by specific reference herein.

Appears in 1 contract

Samples: Separation Agreement and Release (Endo Pharmaceuticals Holdings Inc)

Separation Pay and Benefits. In consideration of your execution of this Separation Agreement and subject to your compliance with its terms your obligations hereunder, including without limitation your obligations under paragraphs 1, 5, 6 and conditions7, the Company agrees to pay or provide you (subject to the additional terms and conditions set forth in this Separation Agreement) with the benefits described in this paragraph 2 2.b. through 2.e. and to adhere to the nondisparagement non-disparagement restrictions set forth in paragraph 4b 5.b. below, which exceed any payment and benefits to which you are otherwise entitled. The benefits below shall be in full satisfaction of its obligations under the terms of the Employment Agreement and all applicable cash or equity incentive compensation plans and agreements.

Appears in 1 contract

Samples: Separation Agreement and Release (Armstrong World Industries Inc)

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Separation Pay and Benefits. In consideration of your execution of this Separation Agreement and your compliance with its terms and conditions, the Company agrees to pay or provide you (subject to the terms and conditions set forth in this Separation Agreement) with the benefits described in this paragraph 2 and to adhere to the nondisparagement restrictions set forth in paragraph 4b below2, which exceed any payment and benefits to which you are otherwise entitled. The benefits below shall be in full satisfaction of its obligations under the terms of the Employment Agreement and all applicable cash or equity incentive compensation plans and agreements.

Appears in 1 contract

Samples: Separation Agreement and Release (Hewlett Packard Co)

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