Termination Payments, Benefits and Obligations Sample Clauses

Termination Payments, Benefits and Obligations. Section 13.01. Voluntary Termination by Executive without Good Reason, Termination By Company For Cause, Termination Upon Disability or Death. (a) Upon any termination of Executive’s employment either (i) voluntarily by Executive without Good Reason as provided in Section 12.06 or otherwise, (ii) by the Company for Cause as provided in Section 12.03, (iii) due to the Disability of Executive as provided in Section 12.02, or (iv) as a result of Executive’s death pursuant to Section 12.01, all payments, salary and other benefits hereunder shall cease at the effective date of such termination. (b) Notwithstanding the foregoing, Executive shall be entitled to receive from the Company (i) all salary earned or accrued and unpaid through the date Executive’s employment is terminated, (ii) all Annual Bonuses earned for calendar years completed prior to the effective date of Executive’s termination to the extent unpaid, (iii) so long as Executive’s employment hereunder has not been terminated by the Company for Cause and has not been terminated by the Executive without Good Reason, a pro-rata portion of the Annual Bonus for the portion of the year completed up to the Termination Date, which prorated portion will be based on actual performance through the entire year (calculated as if Executive had remained employed) and will be paid at the same time it would have been paid had Executive remained employed, (iv) in accordance with Section 11.04 hereof, reimbursement for any and all monies advanced in connection with Executive’s employment for reasonable and necessary expenses incurred by Executive, through the date Executive’s employment is terminated and (v) all other accrued payments and benefits to which Executive may be entitled under the terms of any applicable compensation arrangement or benefit plan or program of the Company, including, but not limited to, any earned and accrued, but unused vacation pay (the foregoing subsections (i)-(v) collectively, “Accrued Benefits”), except that Accrued Benefits shall not include any entitlement to severance under any Company severance plan or policy or acceleration of vesting of any equity-based awards. (c) Notwithstanding the foregoing, in the event of either (i) termination due to the Disability of Executive as provided in Section 12.02, or (ii) as a result of Executive’s death pursuant to Section 12.01, then all of Executive’s outstanding equity-based awards that are unvested as of the effective date of such terminatio...
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Termination Payments, Benefits and Obligations. If the Executive's employment is terminated by the Company for Cause (as defined below), or by the Executive during the term of this Agreement for any reason other than those specified in subsections (i) or (ii) of Section 8(a), death or Disability, Executive shall repay to the Company the following portions of the Hiring Bonus no later than ten (10 ) days following the effective date of such termination: (i) if such termination occurs on or before January 12, 1999, the entire Hiring Bonus, (ii) if such termination occurs on or before January 12, 2000, $400,000 of the Hiring Bonus, or (iii) if such termination occurs on or before January 12, 2001, $200,000 of the Hiring Bonus. After January 12, 2001 Executive shall be under no obligation to repay to the Company any portion of the Hiring Bonus. If the Executive's employment hereunder is terminated by the Company for any reason other than for Cause (as defined herein) during the term of this Agreement, the Company shall be obligated to pay to the Executive the following termination payments and make available the following benefits during the Payment Period (as hereinafter defined):
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Termination Payments, Benefits and Obligations 
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Related to Termination Payments, Benefits and Obligations

  • Termination Payments and Benefits Regardless of the circumstances of the Executive’s termination, Executive shall be entitled to payment when due of any earned and unpaid base salary, expense reimbursements and vacation days accrued prior to the termination of Executive’s employment, and other unpaid vested amounts or benefits under Company retirement and health benefit plans, and, as applicable, under Equity Agreements in accordance with their terms, and to no other compensation or benefits.

  • Termination Payments In the event of termination of the Executive’s employment during the Employment Period, all compensation and benefits set forth in this Agreement shall terminate except as specifically provided in this Section 8.

  • Accrued Rights and Obligations Termination of this Agreement for any reason shall not release either Party hereto from any liability which, at the time of such termination, has already accrued to the other Party or which is attributable to a period prior to such termination nor preclude either Party from pursuing any rights and remedies it may have hereunder or at law or in equity with respect to any breach of this Agreement.

  • Termination Benefits (a) If Executive’s employment is voluntarily (in accordance with Section 2(a) of this Agreement) or involuntarily terminated within two (2) years of a Change in Control, Executive shall receive:

  • Separation Payments and Benefits Without admission of any liability, fact or claim, the Company hereby agrees, subject to Executive’s timely execution and non-revocation hereof and Executive’s compliance with Executive’s obligations pursuant to this Agreement and the Surviving Provisions, to provide Executive the severance payments and benefits set forth below:

  • Termination Payment The final payment delivered to the Certificateholders on the Termination Date pursuant to the procedures set forth in Section 9.01(b).

  • Other Termination Benefits In addition to any amounts or benefits payable upon a Termination of Employment hereunder, Executive shall, except as otherwise specifically provided herein, be entitled to any payments or benefits provided under the terms of any plan, policy or program of the Company in which Executive participates or as otherwise required by applicable law.

  • Separation Payments Following Executive’s separation from service with Company on or after his Vesting Date (as defined in Section 7), Company shall pay to Executive the sum of THIRTY-FOUR THOUSAND TWO HUNDRED SEVEN and 04/100 Dollars ($34,207.04) per month, beginning six months and one week after Executive’s date of separation for a period of ten (10) years, or until Executive’s death, whichever first occurs (the “Separation Payments”). Such payments shall be subject to any and all applicable withholding, Social Security, employment, income and other taxes or assessments, if any, under the applicable tax law. If Executive should die during the ten-year period during which payments are being made under this Paragraph 3, then those payments shall terminate and future payments, if any, shall be made to Executive’s designated beneficiary(ies) or Executive’s estate in accordance with the provisions of Paragraph 4 of this Agreement.

  • Retention Payments (a) In the event that Executive is employed by the Company on January 1, 2002, Executive shall be entitled to a lump sum cash retention payment equal to 150% of the sum of (i) Executive's Base Salary and (ii) Executive's target annual bonus, each as in effect for the 2001 fiscal year (such sum, the "2002 Retention Bonus").

  • Withholding Tax Payments and Obligations If withholding taxes are paid or required to be paid in respect of payments made to or by the Company, such payments or obligations shall be treated as follows:

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