{"component": "definition", "props": {"groups": [{"snippet": "is the fair market value (determined on the basis of the mid-point of the highest and lowest reported sales price for a share of stock of the same class during the 30-day period ending on the day of the Executive\u2019s termination of employment (the \u201cFair Market Value of a Share\u201d)) of the employer securities actually allocated to the Executive\u2019s accounts under the ESOP Plans in respect of employer contributions and dividends applied to loan amortization payments for the last plan year to end before his termination of employment; and \u201cPROP\u201d is the fair market value (determined as of the day before the Executive\u2019s termination of employment using the same valuation methodology used to value the assets of the ESOP Plans) of the property other than employer securities actually allocated to the Executive\u2019s accounts under the ESOP Plans in respect of employer contributions and dividends applied to loan amortization payments for the last plan year to end before his termination of employment; and", "size": 18, "samples": [{"hash": "igs7pf3YLXq", "uri": "/contracts/igs7pf3YLXq#stk", "label": "Employment Agreement (Westfield Financial Inc)", "score": 21.0, "published": true}, {"hash": "etFEA0PFo4a", "uri": "/contracts/etFEA0PFo4a#stk", "label": "Employment Agreement (Westfield Financial Inc)", "score": 21.0, "published": true}, {"hash": "68Z7PsrrUgZ", "uri": "/contracts/68Z7PsrrUgZ#stk", "label": "Employment Agreement (Westfield Financial Inc)", "score": 21.0, "published": true}], "snippet_links": [{"key": "the-fair-market-value", "type": "clause", "offset": [3, 24]}, {"key": "basis-of", "type": "clause", "offset": [44, 52]}, {"key": "sales-price", "type": "definition", "offset": [102, 113]}, {"key": "period-ending", "type": "definition", "offset": [171, 184]}, {"key": "of-the-executive", "type": "clause", "offset": [196, 212]}, {"key": "termination-of-employment", "type": "definition", "offset": [215, 240]}, {"key": "fair-market-value-of-a-share", "type": "definition", "offset": [247, 275]}, {"key": "employer-securities", "type": "clause", "offset": [286, 305]}, {"key": "to-the-executive", "type": "clause", "offset": [325, 341]}, {"key": "esop-plans", "type": "definition", "offset": [363, 373]}, {"key": "in-respect-of", "type": "clause", "offset": [374, 387]}, {"key": "contributions-and-dividends", "type": "clause", "offset": [397, 424]}, {"key": "payments-for", "type": "clause", "offset": [454, 466]}, {"key": "plan-year", "type": "definition", "offset": [476, 485]}, {"key": "valuation-methodology", "type": "clause", "offset": [657, 678]}, {"key": "to-value", "type": "definition", "offset": [684, 692]}, {"key": "the-assets", "type": "clause", "offset": [693, 703]}, {"key": "the-property", "type": "clause", "offset": [726, 738]}], "hash": "cd35b6c1863fd793f449807d031f0b61", "id": 1}, {"snippet": "is the fair market value (determined on the basis of the mid-point of the highest and lowest reported sales price for a share of stock of the same class during the thirty (30)-day period ending on the day of the Executive's termination of employment (the \"Fair Market Value of a Share\")) of the employer securities actually allocated to the Executive's accounts under the ESOP Plans in respect of employer contributions and dividends applied to loan amortization payments for the last plan year to end before his termination of employment; and \"PROP\" is the fair market value (determined as of the day before the Executive's termination of employment using the same valuation methodology used to value the assets of the ESOP Plans) of the property other than employer securities actually allocated to the Executive's accounts under the ESOP Plans in respect of employer contributions and dividends applied to loan amortization payments for the last plan year to end before his termination of employment. The Defined Contribution Severance Payment shall be made within five (5) business days after the Executive's termination of employment and shall be in lieu of any claim to any actual increase in his accrued benefit in the Non-ESOP DC Plans or the ESOP DC Plans in respect of the Remaining Unexpired Employment; provided, however, that if the Defined Contribution Severance Payment represents the benefits under a non-tax-qualified defined contribution plan, the payment shall be paid in the same time and form as provided under the related non-tax-qualified defined contribution plan;", "size": 17, "samples": [{"hash": "jB2vNKkoXjX", "uri": "/contracts/jB2vNKkoXjX#stk", "label": "Employment Agreement (Westfield Financial Inc)", "score": 21.0, "published": true}, {"hash": "iZeCWqUH1wW", "uri": "/contracts/iZeCWqUH1wW#stk", "label": "Employment Agreement (Westfield Financial Inc)", "score": 21.0, "published": true}, {"hash": "75CrDWjyeTg", "uri": "/contracts/75CrDWjyeTg#stk", "label": "Employment Agreement (Westfield Financial Inc)", "score": 21.0, "published": true}], "snippet_links": [{"key": "the-fair-market-value", "type": "clause", "offset": [3, 24]}, {"key": "basis-of", "type": "clause", "offset": [44, 52]}, {"key": "sales-price", "type": "definition", "offset": [102, 113]}, {"key": "period-ending", "type": "definition", "offset": [180, 193]}, {"key": "of-the-executive", "type": "clause", "offset": [205, 221]}, {"key": "termination-of-employment", "type": "definition", "offset": [224, 249]}, {"key": "fair-market-value-of-a-share", "type": "definition", "offset": [256, 284]}, {"key": "employer-securities", "type": "clause", "offset": [295, 314]}, {"key": "to-the-executive", "type": "clause", "offset": [334, 350]}, {"key": "esop-plans", "type": "definition", "offset": [372, 382]}, {"key": "in-respect-of", "type": "clause", "offset": [383, 396]}, {"key": "contributions-and-dividends", "type": "clause", "offset": [406, 433]}, {"key": "payments-for", "type": "clause", "offset": [463, 475]}, {"key": "plan-year", "type": "definition", "offset": [485, 494]}, {"key": "valuation-methodology", "type": "clause", "offset": [666, 687]}, {"key": "to-value", "type": "definition", "offset": [693, 701]}, {"key": "the-assets", "type": "clause", "offset": [702, 712]}, {"key": "the-property", "type": "clause", "offset": [735, 747]}, {"key": "the-defined", "type": "clause", "offset": [1004, 1015]}, {"key": "severance-payment", "type": "clause", "offset": [1029, 1046]}, {"key": "days-after", "type": "definition", "offset": [1086, 1096]}, {"key": "in-lieu-of", "type": "clause", "offset": [1152, 1162]}, {"key": "accrued-benefit", "type": "definition", "offset": [1203, 1218]}, {"key": "the-non", "type": "clause", "offset": [1222, 1229]}, {"key": "dc-plans", "type": "clause", "offset": [1235, 1243]}, {"key": "the-benefits", "type": "clause", "offset": [1396, 1408]}, {"key": "a-non", "type": "clause", "offset": [1415, 1420]}, {"key": "qualified-defined-contribution-plan", "type": "definition", "offset": [1425, 1460]}, {"key": "the-payment", "type": "clause", "offset": [1462, 1473]}], "hash": "dd6f1760636fea2e76b1f0eb95ca44f7", "id": 2}, {"snippet": "is the fair market value (determined by the final reported sales price for stock of the same class on the last trading day before the Executive's termination of employment) of the employer securities actually allocated to the Executive's accounts under the ESOP Plans in respect of employer contributions and dividends applied to loan amortization payments for the last plan year to end before his termination of employment; and \"PROP\" is the fair market value (determined as of the day before the Executive's termination of employment using the same valuation methodology used to value the assets of the ESOP Plans) of the property other than employer securities actually allocated to the Executive's accounts under the ESOP Plans in respect of employer contributions and dividends applied to loan amortization payments for the last plan year to end before his termination of employment.", "size": 9, "samples": [{"hash": "j3LnJ6zN8Qt", "uri": "/contracts/j3LnJ6zN8Qt#stk", "label": "Employment Agreement (Hudson City Bancorp Inc)", "score": 18.0, "published": true}, {"hash": "gjavSAzhgcy", "uri": "/contracts/gjavSAzhgcy#stk", "label": "Employment Agreement (Hudson City Bancorp Inc)", "score": 18.0, "published": true}, {"hash": "aROgQqoaX65", "uri": "/contracts/aROgQqoaX65#stk", "label": "Employment Agreement (Hudson City Bancorp Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "the-fair-market-value", "type": "clause", "offset": [3, 24]}, {"key": "the-final", "type": "clause", "offset": [40, 49]}, {"key": "sales-price", "type": "definition", "offset": [59, 70]}, {"key": "last-trading-day", "type": "definition", "offset": [106, 122]}, {"key": "termination-of-employment", "type": "definition", "offset": [146, 171]}, {"key": "employer-securities", "type": "clause", "offset": [180, 199]}, {"key": "to-the-executive", "type": "clause", "offset": [219, 235]}, {"key": "esop-plans", "type": "definition", "offset": [257, 267]}, {"key": "in-respect-of", "type": "clause", "offset": [268, 281]}, {"key": "contributions-and-dividends", "type": "clause", "offset": [291, 318]}, {"key": "payments-for", "type": "clause", "offset": [348, 360]}, {"key": "plan-year", "type": "definition", "offset": [370, 379]}, {"key": "the-day", "type": "definition", "offset": [479, 486]}, {"key": "valuation-methodology", "type": "clause", "offset": [551, 572]}, {"key": "to-value", "type": "definition", "offset": [578, 586]}, {"key": "the-assets", "type": "clause", "offset": [587, 597]}, {"key": "the-property", "type": "clause", "offset": [620, 632]}], "hash": "a52e87bb733807303113e62094bca013", "id": 3}, {"snippet": "is the fair market value (determined on the basis of the midpoint of the highest and lowest reported sales price for a share of stock of the same class during the thirty (30)-day period ending on the day of the Executive\u2019s termination of employment (the \u201cFair Market Value of a Share\u201d)) of the employer securities actually allocated to the Executive\u2019s accounts under the ESOP Plans in respect of employer contributions and dividends applied to loan amortization payments for the last plan year to end before his termination of employment; and \u201cPROP\u201d is the fair market value (determined as of the day before the Executive\u2019s termination of employment using the same valuation methodology used to value the assets of the ESOP Plans) of the property other than employer securities actually allocated to the Executive\u2019s accounts under the ESOP Plans in respect of employer contributions and dividends applied to loan amortization payments for the last plan year to end before his termination of employment. The Defined Contribution Severance Payment shall be in lieu of any claim to any actual increase in his accrued benefit in the Non-ESOP DC Plans or the ESOP DC Plans in respect of the Remaining Unexpired Employment; provided, however, that if the Defined Contribution Severance Payment represents the benefits under a non-tax-qualified defined contribution plan, the payment shall be paid in the same time and form as provided under the related non-tax-qualified defined contribution plan. The Bank and the Executive hereby stipulate that the damages which may be incurred by the Executive following any such termination of employment are not capable of accurate measurement as of the date first above written and that the payments and benefits contemplated by this section 9(b) constitute reasonable damages under the circumstances and shall be payable without any requirement of proof of actual damage and without regard to the Executive\u2019s efforts, if any, to mitigate damages. The Bank and the Executive further agree that the Bank may condition the payments and benefits (if any) due under sections 9(b)(iii), (iv), (v), (vi), (vii) and (viii) on the receipt of the Executive\u2019s resignation from any and all positions which he holds as an officer, director or committee member with respect to the Company, the Bank or any subsidiary or affiliate of either of them; provided that such resignation is requested in writing not later than five (5) business days after termination of employment. The Executive agrees that the payments and benefits (if any) due under sections 9(b)(iii), (iv), (v), (vi), (vii) and (viii) shall be paid to Executive upon the sixtieth (60th) day following the Executive\u2019s termination of employment, subject to the Executive\u2019s execution, delivery, and non-revocation of a written release in substantially the form attached hereto as Appendix A (\u201cRelease of Claims\u201d), within fifty-two (52) days of the Executive\u2019s termination of employment and that no payment shall be made prior to the expiration of the revocation period.", "size": 9, "samples": [{"hash": "bRKCAf8VTrU", "uri": "/contracts/bRKCAf8VTrU#stk", "label": "Employment Agreement (Westfield Financial Inc)", "score": 27.4777549624, "published": true}, {"hash": "8MBKyIx83xz", "uri": "/contracts/8MBKyIx83xz#stk", "label": "Merger Agreement (Westfield Financial Inc)", "score": 27.264202601, "published": true}], "snippet_links": [{"key": "the-fair-market-value", "type": "clause", 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{"key": "the-assets", "type": "clause", "offset": [701, 711]}, {"key": "the-property", "type": "clause", "offset": [734, 746]}, {"key": "the-defined", "type": "clause", "offset": [1003, 1014]}, {"key": "severance-payment", "type": "clause", "offset": [1028, 1045]}, {"key": "in-lieu-of", "type": "clause", "offset": [1055, 1065]}, {"key": "accrued-benefit", "type": "definition", "offset": [1106, 1121]}, {"key": "the-non", "type": "clause", "offset": [1125, 1132]}, {"key": "dc-plans", "type": "clause", "offset": [1138, 1146]}, {"key": "the-benefits", "type": "clause", "offset": [1299, 1311]}, {"key": "a-non", "type": "clause", "offset": [1318, 1323]}, {"key": "qualified-defined-contribution-plan", "type": "definition", "offset": [1328, 1363]}, {"key": "the-payment", "type": "clause", "offset": [1365, 1376]}, {"key": "by-the-executive", "type": "clause", "offset": [1575, 1591]}, {"key": "capable-of", "type": "definition", "offset": [1645, 1655]}, {"key": "payments-and-benefits", "type": "clause", "offset": [1725, 1746]}, {"key": "proof-of", "type": "clause", "offset": [1883, 1891]}, {"key": "actual-damage", "type": "definition", "offset": [1892, 1905]}, {"key": "to-mitigate", "type": "definition", "offset": [1961, 1972]}, {"key": "executive-further", "type": "definition", "offset": [1999, 2016]}, {"key": "the-bank-may", "type": "clause", "offset": [2028, 2040]}, {"key": "receipt-of", "type": "clause", "offset": [2157, 2167]}, {"key": "an-officer", "type": "clause", "offset": [2241, 2251]}, {"key": "committee-member", "type": "definition", "offset": [2265, 2281]}, {"key": "with-respect-to-the-company", "type": "clause", "offset": [2282, 2309]}, {"key": "affiliate-of", "type": "definition", "offset": [2341, 2353]}, {"key": "provided-that", "type": "clause", "offset": [2370, 2383]}, {"key": "in-writing", "type": "definition", "offset": [2414, 2424]}, {"key": "after-termination-of-employment", "type": "clause", "offset": [2463, 2494]}, {"key": "to-executive", "type": "clause", "offset": [2635, 2647]}, {"key": "following-the", "type": "definition", "offset": [2677, 2690]}, {"key": "subject-to-the", "type": "definition", "offset": [2730, 2744]}, {"key": "written-release", "type": "definition", "offset": [2802, 2817]}, {"key": "appendix-a", "type": "definition", "offset": [2863, 2873]}, {"key": "release-of-claims", "type": "definition", "offset": [2876, 2893]}, {"key": "no-payment", "type": "clause", "offset": [2978, 2988]}, {"key": "prior-to-the", "type": "clause", "offset": [3003, 3015]}, {"key": "expiration-of-the", "type": "clause", "offset": [3016, 3033]}, {"key": "revocation-period", "type": "clause", "offset": [3034, 3051]}], "hash": "ad6ebdd6cbeff3b2d37f274d13da42f9", "id": 4}, {"snippet": "is the fair market value (determined by the final reported sales price for stock of the same class on the last trading day before the Executive\u2019s termination of employment) of the employer securities actually allocated to the Executive\u2019s accounts under the ESOP Plans in respect of employer contributions and dividends applied to loan amortization payments for the last plan year to end before his termination of employment; and \u201cPROP\u201d is the fair market value (determined as of the day before the Executive\u2019s termination of employment using the same valuation methodology used to value the assets of the ESOP Plans) of the property other than employer securities actually allocated to the Executive\u2019s accounts under the ESOP Plans in respect of employer contributions and dividends applied to loan amortization payments for the last plan year to end before his termination of employment. The Defined Contribution Severance Payment shall be made within five (5) business days after the Executive\u2019s termination of employment and shall be in lieu of any claim to any actual increase in his accounts under the Non-ESOP DC Plans and the ESOP Plans in respect of the Remaining Unexpired Employment Period.", "size": 6, "samples": [{"hash": "lyIM0G4ew73", "uri": "/contracts/lyIM0G4ew73#stk", "label": "Employment Agreement (Hudson City Bancorp Inc)", "score": 21.0, "published": true}, {"hash": "lFTNWJnkvpT", "uri": "/contracts/lFTNWJnkvpT#stk", "label": "Employment Agreement (Hudson City Bancorp Inc)", "score": 21.0, "published": true}, {"hash": "7CCmQWSB4vO", "uri": "/contracts/7CCmQWSB4vO#stk", "label": "Employment Agreement (Hudson City Bancorp Inc)", "score": 21.0, "published": true}], "snippet_links": [{"key": "the-fair-market-value", "type": "clause", "offset": [3, 24]}, {"key": "the-final", "type": "clause", "offset": [40, 49]}, {"key": "sales-price", "type": "definition", "offset": [59, 70]}, {"key": "last-trading-day", "type": "definition", "offset": [106, 122]}, {"key": "termination-of-employment", "type": "definition", "offset": [146, 171]}, {"key": "employer-securities", "type": "clause", "offset": [180, 199]}, {"key": "to-the-executive", "type": "clause", "offset": [219, 235]}, {"key": "esop-plans", "type": "definition", "offset": [257, 267]}, {"key": "in-respect-of", "type": "clause", "offset": [268, 281]}, {"key": "contributions-and-dividends", "type": "clause", "offset": [291, 318]}, {"key": "payments-for", "type": "clause", "offset": [348, 360]}, {"key": "plan-year", "type": "definition", "offset": [370, 379]}, {"key": "the-day", "type": "definition", "offset": [479, 486]}, {"key": "valuation-methodology", "type": "clause", "offset": [551, 572]}, {"key": "to-value", "type": "definition", "offset": [578, 586]}, {"key": "the-assets", "type": "clause", "offset": [587, 597]}, {"key": "the-property", "type": "clause", "offset": [620, 632]}, {"key": "defined-contribution", "type": "clause", "offset": [893, 913]}, {"key": "severance-payment", "type": "clause", "offset": [914, 931]}, {"key": "days-after", "type": "definition", "offset": [971, 981]}, {"key": "in-lieu-of", "type": "clause", "offset": [1037, 1047]}, {"key": "the-non", "type": "clause", "offset": [1103, 1110]}, {"key": "plans-and", "type": "clause", "offset": [1119, 1128]}, {"key": "remaining-unexpired-employment-period", "type": "definition", "offset": [1162, 1199]}], "hash": "bfce475e8f8fb640f128af4b148592b0", "id": 5}, {"snippet": "as used in this agreement shall mean Self Tagging Kiosk.", "size": 6, "samples": [{"hash": "b7qOLsxR7bD", "uri": "/contracts/b7qOLsxR7bD#stk", "label": "Collective Bargaining Agreement", "score": 36.3364307536, "published": true}, {"hash": "cXMG1MwwM5e", "uri": "/contracts/cXMG1MwwM5e#stk", "label": "Collective Bargaining Agreement", "score": 34.1815880139, "published": true}, {"hash": "cL0IT1uDSQ", "uri": "/contracts/cL0IT1uDSQ#stk", "label": "Collective Bargaining Agreement", "score": 34.0666084299, "published": true}], "snippet_links": [{"key": "used-in-this-agreement", "type": "clause", "offset": [3, 25]}], "hash": "a77aee3767e6107f87e67425adf51c6e", "id": 6}, {"snippet": "is the fair market value (determined by the final reported sales price for stock of the same class on the last trading day before the Executive\u2019s termination of employment) of the employer securities actually allocated to the Executive\u2019s accounts under the ESOP Plans in respect of employer contributions and dividends applied to loan amortization payments for the last plan year to end before his termination of employment; and \u201cPROP\u201d is the fair market value (determined as of the day before the Executive\u2019s termination of employment using the same valuation methodology used to value the assets of the ESOP Plans) of the property other than employer securities actually allocated to the Executive\u2019s accounts under the ESOP Plans in respect of employer contributions and dividends applied to loan amortization payments for the last plan year to end before his termination of employment. The Defined Contribution Severance Payment shall be converted into the same form, and paid at the same time, and in the same manner, as benefits under the corresponding non-qualified plan, or, if no such non-qualified plan exists, shall be paid in a lump sum on the fifth (5th) business day after the Executive\u2019s termination of employment and shall be in lieu of any claim to any actual increase in his accounts under the Non-ESOP DC Plans and the ESOP Plans in respect of the Remaining Unexpired Employment Period.", "size": 6, "samples": [{"hash": "huvqssfT5u8", "uri": "/contracts/huvqssfT5u8#stk", "label": "Employment Agreement (Hudson City Bancorp Inc)", "score": 21.0, "published": true}, {"hash": "hseR2VuIy2r", "uri": "/contracts/hseR2VuIy2r#stk", "label": "Employment Agreement (Hudson City Bancorp Inc)", "score": 21.0, "published": true}, {"hash": "gfSJWJdU4Xb", "uri": "/contracts/gfSJWJdU4Xb#stk", "label": "Employment Agreement (Hudson City Bancorp Inc)", "score": 21.0, "published": true}], "snippet_links": [{"key": "the-fair-market-value", "type": "clause", "offset": [3, 24]}, {"key": "the-final", "type": "clause", "offset": [40, 49]}, {"key": "sales-price", "type": "definition", "offset": [59, 70]}, {"key": "last-trading-day", "type": "definition", "offset": [106, 122]}, {"key": "termination-of-employment", "type": "definition", "offset": [146, 171]}, {"key": "employer-securities", "type": "clause", "offset": [180, 199]}, {"key": "to-the-executive", "type": "clause", "offset": [219, 235]}, {"key": "esop-plans", "type": "definition", "offset": [257, 267]}, {"key": "in-respect-of", "type": "clause", "offset": [268, 281]}, {"key": "contributions-and-dividends", "type": "clause", "offset": [291, 318]}, {"key": "payments-for", "type": "clause", "offset": [348, 360]}, {"key": "plan-year", "type": "definition", "offset": [370, 379]}, {"key": "the-day", "type": "definition", "offset": [479, 486]}, {"key": "valuation-methodology", "type": "clause", "offset": [551, 572]}, {"key": "to-value", "type": "definition", "offset": [578, 586]}, {"key": "the-assets", "type": "clause", "offset": [587, 597]}, {"key": "the-property", "type": "clause", "offset": [620, 632]}, {"key": "defined-contribution", "type": "clause", "offset": [893, 913]}, {"key": "severance-payment", "type": "clause", "offset": [914, 931]}, {"key": "in-the-same-manner", "type": "definition", "offset": [1002, 1020]}, {"key": "qualified-plan", "type": "clause", "offset": [1062, 1076]}, {"key": "lump-sum", "type": "definition", "offset": [1139, 1147]}, {"key": "business-day", "type": "definition", "offset": [1167, 1179]}, {"key": "in-lieu-of", "type": "clause", "offset": [1241, 1251]}, {"key": "the-non", "type": "clause", "offset": [1307, 1314]}, {"key": "plans-and", "type": "clause", "offset": [1323, 1332]}, {"key": "remaining-unexpired-employment-period", "type": "definition", "offset": [1366, 1403]}], "hash": "b0b836a880dff3cfcc2edf64ff3fa563", "id": 7}, {"snippet": "is the fair market value (determined on the basis of the mid-point of the highest and lowest reported sales price for a share of stock of the same class during the thirty (30)-day period ending on the day of the Executive's termination of employment (the \"Fair Market Value of a Share\")) of the employer securities actually allocated to the Executive's accounts under the ESOP Plans in respect of employer contributions and dividends applied to loan amortization payments for the last plan year to end before his termination of employment; 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