Earned Benefits definition

Earned Benefits means any (A) bonus that is payable to Executive under the IC Plan with respect to the calendar year preceding the Termination Year but that has not been paid prior to the Termination Date, (B) vacation time that has accrued as of the Termination Date, and (C) other entitlements to cash payments that have accrued as of the Termination Date.

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Earned Benefits means, with respect to a Conversion or with respect to any termination during the Initial Employment Term, any (x) bonus that is payable to Executive under the IC Plan with respect to the calendar year preceding the year in which the Conversion Date or the Employment Termination Date occurs but that has not been paid prior to the Conversion Date or the Employment Termination Date, (y) vacation time that has accrued as of the Conversion Date or the Employment Termination Date, and (z) other entitlements to cash payments that have accrued as of the Conversion Date or the Employment Termination Date.

Earned Benefits means any (A) bonus that is payable to Executive pursuant to the terms of the 2008 Incentive Compensation Plan that has not been paid prior to the Termination Date, (B) vacation time that has accrued prior to 2009 and has not been used or paid as of the Termination Date, (C) other entitlements to cash payments that have accrued and not been paid as of the Termination Date, and (D) deferred compensation earned by Executive prior to termination. Notwithstanding other provisions of this Agreement regarding the timing of payment of Earned Benefits, (x) the 2008 Incentive Compensation Plan bonus will not be paid until the completion of the Company’s audited consolidated financial statements for 2008, and (y) deferred compensation will be paid as provided in the Company’s deferred compensation plan.

Examples of Earned Benefits in a sentence

Within ten days after the Termination Date, Executive shall receive payment for all accrued salary through the Termination Date and the Earned Benefits.
Within ten days after the Termination Date, Executive shall receive payment for all accrued salary through the Termination Date and the Earned Benefits, after which no further compensation of any kind or severance payment will be payable under this Agreement.
If Executive’s employment is terminated for Cause, Executive shall receive payment for all accrued salary through the Termination Date (which in this event shall be the date upon which notice of termination is given) and the Earned Benefits.
Within ten days after the Termination Date, which in this event shall be the date upon which notice of termination is given, Executive shall receive payment for all accrued salary through the Termination Date and the Earned Benefits, after which no further compensation will be payable under this Agreement.
Within ten business days after the Termination Date, Executive shall receive payment for all accrued salary through the Termination Date and the Earned Benefits.
As a condition to receiving the payments and benefits provided by this Section 5(d) (other than payment for all accrued salary through the Termination Date and the Earned Benefits, which shall be payable in any case), Executive shall execute and deliver to the Company, within 21 days after the Termination Date, a general release in the form attached hereto as Exhibit A.
Within ten business days after the Termination Date, Executive shall receive payment for all accrued salary through the Termination Date and the Earned Benefits, after which no further compensation of any kind or severance payment will be payable under this Agreement.
As a condition to receiving the payments and benefits provided by this Section 5(d) (other than payment for all accrued salary through the Termination Date and the Earned Benefits, which shall be payable in any case), Executive shall execute and deliver to the Company on the Termination Date a general release in the form attached hereto as Exhibit A.
If Executive's employment is terminated for Cause, Executive shall receive payment for all accrued salary through the Termination Date (which in this event shall be the date upon which notice of termination is given) and the Earned Benefits.
As a condition to receiving the payments and benefits provided by this Section 5(f) (other than payment for all accrued salary through the Termination Date and the Earned Benefits, which shall be payable in any case), Executive shall execute and deliver to the Company on the Termination Date a general release in the form attached hereto as Exhibit A.

More Definitions of Earned Benefits

Earned Benefits means any (A) bonus that is payable to Executive pursuant to the terms of (x) any annual Incentive Compensation Plan for a year ended prior to the Termination Date that has not been paid prior to the Termination Date and (y) the annual Incentive Compensation Plan for any subsequent years in the case of a termination pursuant to Section 5(a) if the Termination Date occurs on or before the last day of such annual Incentive Plan, (B) vacation time that has accrued and not been used as of the Termination Date, (C) other entitlements to cash payments that have accrued and not been paid as of the Termination Date, and (D) any deferred compensation earned by Executive prior to termination. Notwithstanding other provisions of this Agreement regarding the timing of payment of Earned Benefits, (x) any annual Incentive Compensation Plan bonus will not be paid until the completion of audited consolidated financial statements for the year to which such Incentive Compensation Plan relates, and (y) deferred compensation will be paid as provided in the Company’s deferred compensation plan.

Earned Benefits means any (A) bonus that is payable to Executive pursuant to the terms of (x) the 2006 annual Incentive Compensation Plan that has not been paid prior to the Termination Date and (y) the annual Incentive Compensation Plan for any subsequent year in the case of a termination pursuant to Section 5(a) if the Termination Date occurs on or before the last day of such annual Incentive Plan, (B) vacation time that has accrued and not been used as of the Termination Date, (C) other entitlements to cash payments that have accrued and not been paid as of the Termination Date, and (D) any deferred compensation earned by Executive prior to termination. Notwithstanding other provisions of this Agreement regarding the timing of payment of Earned Benefits, (x) the 2007 annual Incentive Compensation Plan bonus will not be paid until the completion of the Company’s 2007 audited consolidated financial statements, and (y) deferred compensation will be paid as provided in the Company’s deferred compensation plan.