Accrued Compensation and Benefits shall consist of: (w) reimbursement of any unpaid business expenses to which your are entitled to reimbursement pursuant to Paragraph 6 that were incurred prior to the effective date of your termination (the “Termination Date”); (x) your Base Salary through the Termination Date (as such date is determined in accordance with Paragraph 10(a) or 10(b), as applicable); (y) any Bonus with respect to any completed calendar year that is determined by the Compensation Committee for you for each calendar year in which you were employed but has not yet been paid; and (z) all other vested compensation and benefits to which you are entitled as of the Termination Date under the terms and conditions applicable to such compensation and benefits, including vested stock options, restricted shares, restricted stock units, the Deferred Salary and Deferred Compensation.
Accrued Compensation and Benefits shall consist of: (w) reimbursement of any unpaid business expenses to which your are entitled to reimbursement pursuant to paragraph 7 that were incurred prior to the effective date of your termination or resignation (the “Termination Date”); (x) your Salary through the Termination Date determined in accordance with paragraph 10(a) or 10(b), as applicable; (y) any earned but unpaid Bonus with respect to any completed year; and (z) all other vested compensation benefits to which you are entitled as of the Termination Date under the terms and conditions applicable to such compensation and benefits which, for purposes of clarity and without limitation, shall include the benefits listed in paragraph 6(c) if your employment is terminated for any reason other than pursuant to paragraph 10(a).
Accrued Compensation and Benefits means (a) payroll and bonuses (other than bonuses under the Marconi AIP) earned but not yet paid (it being understood that payroll and bonuses will be deemed “earned” in accordance with the applicable plan or policy), (b) vacation pay earned but not yet paid and (c) the Included AIP Amount; provided, however, that Accrued Compensation and Benefits shall not include any amounts specified in paragraphs (a), (b) or (c) for which a Purchaser is not assuming liability under this Agreement.
Examples of Accrued Compensation and Benefits in a sentence
The limitations of this paragraph shall not apply to the Accrued Compensation and Benefits.
Thereafter, your designated beneficiary (or, if there is no such beneficiary, your estate) shall receive (i) any Accrued Compensation and Benefits as of the date of your death and (ii) for the year in which death occurs, any Bonus or Pro-Rated Bonus, as applicable, which you would have been eligible to receive, calculated in accordance with paragraph 19(e)(iii).
In the event of such termination of this Agreement, you shall receive (i) any Accrued Compensation and Benefits and (ii) for the year in which such termination occurs, any Bonus or Pro-Rated Bonus, as applicable, which you would have been entitled to receive, calculated in accordance with paragraph 19(e)(iii).
The Executive’s failure or refusal to sign the release (or the Executive’s revocation of such release in accordance with applicable laws) shall result in the forfeiture of the payments and benefits under Sections 4(c) and 4(d) (excluding any payments or benefits consisting of Other Accrued Compensation and Benefits).
After such resignation, without limitation of other rights or remedies available to the Company, the Company shall have no further obligations to you under this Agreement or otherwise, except for any Accrued Compensation and Benefits.
More Definitions of Accrued Compensation and Benefits
Accrued Compensation and Benefits means (i) payroll and bonuses earned (it being understood that payroll and bonuses will be deemed "earned" in accordance with the applicable plan or policy), (ii) vacation pay accrued and (iii) the Included AIP Amount, in each case with respect to the Transferred Employees.
Accrued Compensation and Benefits shall consist of: (w) reimbursement of any unpaid business expenses to which your are entitled to reimbursement pursuant to paragraph 7 that were incurred prior to the effective date of your termination or resignation (the "Termination Date"); (x) your Salary through the Termination Date determined in accordance with paragraph 10(a) or 10(b), as applicable; (y) any earned but unpaid Bonus with respect to any completed calendar year; and (z) all other vested compensation benefits to which you are entitled as of the Termination Date under the terms and conditions applicable to such compensation and benefits.
Accrued Compensation and Benefits. (iv) any payments which Executive’s spouse, beneficiaries or estate may be entitled to receive pursuant to any insurance or executive benefit plan or other arrangement or life insurance policy maintained by the Company or Parent as a death benefit for Executive’s behalf; and (v) a death benefit equal to Executive’s Base Salary for a period of one hundred eighty (180) days.
Accrued Compensation and Benefits. All amounts due and payable, or that have accrued with respect to the period, prior to the Closing Date, to Seller’s employees under all incentive, bonus, commission or other compensation arrangements or any Employee Benefit Plan applicable to such employees, plus amounts that would have been payable by Seller for taxes and other similar payments related thereto.
Accrued Compensation and Benefits means (i) any accrued but unpaid base salary as of the date of the Executive’s termination of employment; (ii) any accrued but unused vacation time as of the date of the Executive’s termination of employment; (iii) any earned but unpaid annual bonus with respect to any completed calendar year immediately preceding the date of the Executive’s termination of employment; (iv) reimbursement for any unreimbursed business expenses properly incurred by the Executive, which shall be subject to and paid in accordance with the Company’s expense reimbursement policy in effect from time to time; and (v) such employee benefits, if any, to which the Executive may be entitled under the Company’s employee benefit plans as of the date of the Executive’s termination of employment; provided that, in no event shall the Executive be entitled to any payments in the nature of severance or termination payments except as specifically provided herein.
Accrued Compensation and Benefits means, as of a specified date, the aggregate PTO for the Transferred Employees (a schedule by employee will be provided), but shall specifically exclude (to the extent otherwise included therein) any obligation for severance to any Employee, including but not limited to any Assumed Severance.
Accrued Compensation and Benefits. The Executive will not be eligible to receive an Annual Bonus for the calendar year during which such termination of employment occurred and the Equity Awards will be governed by the terms of the applicable equity plan and award agreement.