Examples of Laureate in a sentence
Laureate will pay the Outplacement Services provider directly and Executive will not be entitled to receive payment of the cost of the Outplacement Services should Executive choose not to participate in such Outplacement Services.
Subject to the terms of this Agreement, solely to the extent Executive’s employment terminates on the End Date or in accordance with Section 1(a)(ii), Laureate will provide severance payments to Executive in the gross amount of Eight Hundred Ninety Thousand Dollars ($890,000.00) (the “Severance Pay”), less all lawful deductions, which is an amount equal to Executive’s current base salary and target annual bonus.
Outplacement and executive preparation services will be rendered through one or more providers chosen by Laureate and Executive shall be entitled to receive such services until Executive obtains alternative employment (the “Outplacement Services”), subject to the terms of the agreement between Laureate and the provider.
Executive further agrees that, during the Severance Period, Executive will make himself reasonably available to respond to and cooperate with requests for information from Laureate.
Laureate agrees to directly pay for all expenses associated with its request(s) for Executive’s compliance with this Section 11.
Any payment or benefit due to Executive per this Agreement shall not be subject to reduction for any compensation received from other employment, except that if Executive should be rehired or engaged in any capacity by Laureate or any of its affiliates during the Severance Period, no further severance payments or benefits hereunder will be owed or paid as of the date of rehire.
Unreasonable refusal on the part of Executive to cooperate with Laureate’s requests will constitute grounds for Laureate to terminate any Severance Benefit arrangement, subject to written notice and ten days to remediate and cure, if curable, and Laureate will owe no further payments or benefits of any kind to Executive.
Other than the amounts set forth herein, Laureate shall not pay, or cause to be paid, any other money to or for the benefit of Executive.
Executive agrees and acknowledges that he has been fully compensated by Laureate for all wages, expenses, vacation, benefits, and/or other compensation that he believes he is owed as a result of his employment with the Company.
During the period in which Executive is receiving any payments or benefits hereunder (the “Severance Period”), Executive agrees to fully cooperate with Laureate on all matters relating to Executive’s employment and the conduct of Laureate’s business, including any litigation, claim or suit in which Laureate deems that Executive’s cooperation is needed.