Termination of Employment Severance Benefits. Notwithstanding the provisions of Section 2, the Executive’s employment hereunder shall terminate under the following circumstances:
Termination of Employment Severance Benefits. Employee’s last day of employment with the Company (including his position as Senior Vice President, Finance and Treasurer and his position as a director and officer of certain of the Company’s subsidiaries and affiliates) was December 14, 2012. Separate and apart from any consideration received under this Agreement, Employee will be paid all wages earned through his termination date, including nine (9) days accrued and unused vacation time ($18,487.83), less any outstanding advances or monies owed to the Company. Pursuant to the terms of the Severance Plan and provided Employee has executed and delivered this Agreement to the Company, and the Revocation Period has expired without Employee’s revocation of this Agreement in whole or in part, Employee will be entitled to receive the following benefits:
Termination of Employment Severance Benefits. (a) The ---------------------------------------------- Employee's employment may be terminated at any time by the Company for any reason, with or without Cause (as defined below). The Company shall continue to pay the Employee's base salary and all health and welfare benefits for nine (9) months to the Employee as severance pay upon any termination by Company without Cause. Pension benefits will continue to accrue during the severance period if and to the extent permitted by the applicable plan or plans and the law. No severance pay will be due and payable if Employee is terminated for Cause or resigns from employment. For purposes of this Agreement, "Cause" shall mean any of the following that is demonstrably and materially injurious to the interest, property, operations, business or reputation of the Company or any of its affiliates: (i) the Employee's breach of (A) the Guidelines for Ethical Conduct of DQE and its Family of Companies; or (B) the Rules of Conduct set forth in Section Six of the DQE Policy Manual, each as in effect from time to time; (ii) the Employee's theft or embezzlement, or attempted theft or embezzlement, of money or property of the Company or its affiliates; the Employee's perpetration or attempted perpetration of fraud, or the Employee's participation in fraud or attempted fraud, on the Company or its affiliates; or the Employee's unauthorized appropriation of, or intentional attempt to misappropriate, any tangible or intangible assets or property of the Company or its affiliates; or (iii) any act or acts of disloyalty, misconduct, or moral turpitude by the Employee or the Employee's conviction of a crime.
Termination of Employment Severance Benefits. Employee's employment shall terminate effective September 15, 1999. Employee agrees to resign from all current positions, including those of employee, officer and director, of LandAmerica Financial Group, Inc., Commonwealth Land Title Insurance Company, Lawyers Title Insurance Corporation, Transnation Title Insurance Company and any other entities affiliated with the Company. In consideration of Employee's resignation and acceptance and execution of this Agreement, the Company will pay Employee the payments and benefits set forth herein. The Company shall make to Employee within thirty (30) days of the termination of his employment a lump sum payment of One Hundred Fifty Thousand and No/100 Dollars ($150,000.00). The Company shall make to Employee a lump sum payment of Seventy-Five Thousand and No/100 Dollars ($75,000.00) on February 29, 2000 provided that he has not breached any of the terms of this Agreement. Employee understands that prior to the payment of any taxable payments and benefits provided herein, the Company will deduct from these sums and benefits all federal withholding taxes and other payroll deductions the Company is required by law to make from such payments to employees. Employee further understands and acknowledges that these payments and benefits, along with the payments set forth in the Release Agreement, are all the payments Employee is entitled to receive from the Company, except for any outstanding payments for any accrued vacation and vested savings, pension or other benefits to which Employee may be entitled under the Company's standard retirement or other welfare benefit programs. The Employee's participation in and terminating distributions and vested rights under any such retirement plans of the Company and any of its affiliates shall be governed by the terms of those respective plans and shall not be affected by this Agreement.
Termination of Employment Severance Benefits. . . 3 Section 5.a. Involuntary Termination . . . . . . . . . . . . . . . . . . . 3
Termination of Employment Severance Benefits. (a) Xx. Xxxxxxxx shall be entitled to the severance benefits described herein in the event that his employment with the Company or the Bank terminates during the Employment Period under any of the following circumstances:
Termination of Employment Severance Benefits. A. Employees employment shall terminate effective as of January 13, 2006 (the “Effective Date”), upon Parties execution and delivery of this Release. Notwithstanding anything to the contrary stated in this Release, Employee shall immediately receive severance compensation (referred to herein as “Severance Benefits”) of a lump sum payment of three months base salary in the amount of Ninety Thousand Dollars ($90,000.00), less required withholdings, and accrued vacation and sick pay benefits in the amount of Four Thousand Six Hundred Fifty-one Dollars ($4,651.00), less required withholding. Further, Employee shall receive Severance Benefits in the amount of Four Hundred Fifty Thousand Dollars ($450,000.00) paid over fifteen months, less required withholdings, according to and beginning with Employer’s next regular scheduled payroll cycle.
Termination of Employment Severance Benefits. (a) The ---------------------------------------------- Employee's employment may be terminated at any time by the Company for any reason, with or without Cause (as defined below). The Company shall continue to pay the Employee's base salary and all health and welfare benefits for 52 weeks to the Employee as severance pay upon any termination by Company without Cause (78 weeks if such termination without Cause occurs during the period from March 1, 2002 through and including September 30, 2002). Pension benefits will continue to accrue during the severance period if and to the extent permitted by the applicable plan or plans and the law. No severance pay will be due and payable if Employee is terminated for Cause or resigns from employment. For purposes of this Agreement, "Cause" shall mean any of the following that is demonstrably and materially injurious to the interest, property, operations, business or reputation of the Company or any of its affiliates: (i) the Employee's breach of (A) the Guidelines for Ethical Conduct of DQE and its Family of Companies; or (B) the Rules of Conduct set forth in Section Six of the DQE Policy Manual, each as in effect from time to time; (ii) the Employee's theft or embezzlement, or attempted theft or embezzlement, of money or property of the Company or its affiliates; the Employee's perpetration or attempted perpetration of fraud, or the Employee's participation in fraud or attempted fraud, on the Company or its affiliates; or the Employee's unauthorized appropriation of, or intentional attempt to misappropriate, any tangible or intangible assets or property of the Company or its affiliates; or (iii) any act or acts of disloyalty, misconduct, or moral turpitude by the Employee or the Employee's conviction of a crime.
Termination of Employment Severance Benefits. Employee's employment shall terminate on December 31, 1998. In consideration of Employee's acceptance of this Agreement, the Company will pay Employee the following benefits: The Company agrees to pay Employee a gross sum equivalent to twelve (12) months' salary continuation at Employee's last regular rate of pay. This sum shall be paid to Employee in regular installments on a monthly basis, each coinciding with the Company's regularly scheduled pay days and commencing with the first pay day following the Effective Date of this Agreement. The Company will also reimburse Employee for any group health insurance premiums paid by Employee pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1986 ("COBRA") for coverage through the twelve (12) months following the termination of Employee's employment. Employee understands that prior to payment of salary continuation, the Company will deduct from these gross sums all federal withholding taxes and other payroll deductions the Company is required by law to make from wage payments to employees. Employee further understands that these amounts are all the Employee is entitled to receive from the Company except for payments for any accrued but unused vacation days and pension or other retirement benefits, if any, to which Employee may be entitled under the Company's standard retirement program.
Termination of Employment Severance Benefits
