Minimum Benefits definition
Examples of Minimum Benefits in a sentence
Notwithstanding any provision of this Agreement to the contrary, no benefits owed to Employee under Section 4 (other than the Minimum Benefits) or Section 7(c)(vi)(if applicable) shall be provided to Employee unless Employee executes (without subsequent revocation) and delivers to the Company a Release within 45 days (or such shorter period as may be provided for in the Release) following the Termination Date.
If the Termination Date occurs during the Employment Period for any reason, Employee shall be entitled to the Minimum Benefits, in addition to any other benefits to which Employee may be entitled under the following provisions of this Section 4 or the express terms of any employee benefit plan or as required by law.
If the Termination Date occurs during the Employment Period and is a result of a Termination for Cause, Employee’s death or Disability, or a termination by Employee other than for Good Reason, then, other than the Minimum Benefits, Employee shall have no right to benefits under this Agreement (and the Company and its Affiliates shall have no obligation to provide any such benefits) for periods after the Termination Date or the date of this Agreement’s expiration, as applicable.