Upon Employee s death during the Employment Period, Employer shall pay to the person or entity designated by Employee in a notice filed with Employer or, if no person is designated, to Employee's estate any unpaid amounts of Base Salary to the date of Employee's death, plus any amounts as may be due under Sections 5.9 and 5.10 below. Any payments Employee's spouse, beneficiaries or estate may be entitled to receive pursuant to any pension plan, employee welfare benefit plan, life insurance policy, or similar plan or policy then maintained by Employer shall be determined and paid in accordance with the written instruments governing the respective plans and policies. In the event of Employee's death during the Employment Period, Employer shall notify Employee's designee or estate of the stock awards held by Employee and the procedures pursuant to which all vested stock options may be exercised and other stock awards may be realized under the terms applicable to such awards.
Upon Employee s retirement from the Company on or after the fourth anniversary of the Consummation Date, for purposes of calculation of the "target benefit" under the Plan, Employee shall be credited with his actual years of service with the Company, plus seven (7) additional years of service under the Plan if Employee retires on or after the fourth anniversary of the Consummation Date. If the Employee's employment with the Company terminates pursuant to Section 6(a)(vi) or Section 6(a)(vii)(x) of this Agreement prior to the fourth anniversary of the Consummation Date, for purposes of calculation of the "target benefit" under the Plan, Employee shall be credited with a number of years of service equal to the sum of (a) the actual number of years of employment of the Employee with the Company and (b) seven (7) years of service. If the Employee terminates his employment with the Company other than for Good Reason under this Agreement prior to the fourth anniversary of the Consummation Date, for purposes of the "target benefit" under the Plan, Employee shall be credited with a number of years of service equal to the actual years of employment of the Employee with the Company.
Upon Employee s death at any time while this Agreement is in effect (including without limitation during the period after Employee's retirement or other termination of employment) Employee's Beneficiary will be entitled to a Death Benefit consisting of the greater of the Death Benefit provided in Section 6.2, or $500,000. Employee's Beneficiary will not be entitled to any installments of Retirement Benefits.
Examples of Upon Employee in a sentence
Subparts B–C [Reserved]Subpart D—Regulatory Limitations Upon Employee Conduct§ 0.735–10 Administrative extension of statutory limitations.The provisions of the statutes identi- fied in this part which relate to the ethical and other conduct of Federal employees are adopted and will be en- forced as administrative regulations, violations of which may in appropriate cases be the basis for disciplinary ac- tion, including removal.
Subparts B–C [Reserved]Subpart D—Regulatory Limitations Upon Employee Conduct0.735–10 Administrative extension of statu- tory limitations.0.735–10a—0.735–15 [Reserved]0.735–16 Indebtedness.0.735–17 Gambling, betting, and lotteries.
We will ensure that agencies are aware of their powers, and will promote successful prosecutions to build public confidence in reporting.
Misuse, whether intentional or unintentional, or failure to comply with the Rules of Behavior for Users may result in disciplinary or adverse actions, in accordance with ADS 485, Disciplinary Action - Foreign Service and ADS 487, Disciplinary and Adverse Actions Based Upon Employee Misconduct - Civil Service.
Notifies law enforcement, fire, and ambulance personnel of requests for service and follows through on all responses.
More Definitions of Upon Employee
Upon Employee s retirement from the Company at age 62 or later, for purposes of calculation of the "target benefit" under the Plan, Employee shall be credited with eleven (11) years of service under the Plan if Employee retires at the age of 62 and shall also be credited with one additional year of service for each additional year during which Employee is employed with the Company after Employee reaches the age of 62. If the Employee's employment with the Company terminates pursuant to Section 6(a)(vi) or Section 6(a)(vii)(x) prior to the date on which the Employee has reached the age of 62, for purposes of calculation of the "target benefit" under the Plan, Employee shall be credited with a number of years of service equal to the sum of (a) the actual number of years of employment of the Employee with the Company and (b) seven years of service. If the Employee terminates his employment with the Company other than for Good Reason prior to the date on which the Employee has reached the age of 62, for purposes of calculation of the "target benefit" under the Plan, Employee shall be credited with a number of years of service equal to the actual number of years of employment of the Employee with the Company.
Upon Employee s death or total incapacity, Employer shall be obligated to pay the base salary only to Employee or his estate, as applicable, for the balance of the initial term of this Agreement.
Upon Employee s retirement from Savannah, Savannah agrees to pay to Employee an amount equal to the difference between his retirement Allowance payable in accordance with the terms and provisions of the Employees' Retirement Plan of Savannah Electric and Power Company as applicable to Employee on his date of hire and as may be amended from time to time (hereinafter referred to as the "Pension Plan"), and the amount of retirement Allowance Employee would have been entitled to receive under the Pension Plan as applicable to him on his date of hire if he had first been employed by Savannah on January 1, 1980. Said amount shall be recalculated from time to time to reflect future increases, if any, in the retirement Allowance of retirees following Employee's retirement. In no event shall the amount provided in the preceding two sentences be less than the amount Employee would have received if he had continued to participate in The Southern Company Pension Plan until retirement.
Upon Employee s presentment to Employer of expense reports acceptable to Employer and which are in sufficiently detailed form to comply with standards for deduction of business expenses established from time to time by the Internal Revenue Service, Employer will reimburse Employee for such expenses approved by the Employer and incurred by Employee in connection with performance of his duties hereunder.
Upon Employee s termination of employment with the Company for any reason other than death at any time, Employee shall be entitled to monthly payments of deferred compensation for the remainder of his life equal to the sum of (a) the excess of (ii) 57% of Employee's monthly salary as in effect on the date of his termination of employment, over (ii) the total amount of monthly amounts payable to Employee during each applicable month from the Retirement Plan, the U.S. Social Security Act, the Company's Short-Term Disability Plan, the Company's Long-Term Disability Plan, the Company's Supplemental Disability Plan, as defined benefits under the Excess Benefit Agreement between the Company and Employee, and from any retirement plan with a former employer (whether or not received in the form of monthly payments) and (b) $9,666.67."
Upon Employee s resignation as set forth in paragraph 1 hereof, the Change in Control Severance Agreement between the Company and Employee shall terminate in its entirety.
Upon Employee s recommendation. As such, Employee shall act in conformity with the management policies, guidelines and directions issued by the Board, and shall have general charge and supervision of those functions and such other responsibilities as the Board shall, from time to time, determine and assign as are typically performed by and the responsibility of a chief executive officer of a Publicly-Held Corporation. Employee shall report and be responsible to the Board.