Continuation of Salary and Benefits. In the event that the Employee's employment is terminated by the Employee for Good Reason prior to the end of the initial term, the Company shall, subject to the terms of Sections 6.2 and 6.3 below, and only if and as long as Employee is not in breach of his obligations under this Agreement, pay compensation to Employee in the manner set forth below. If the Employee's employment is terminated by the Employee for Good Reason during the term of this Agreement, then the Company shall continue to pay to Employee his current base salary provided for under this Agreement in periodic payments in accordance with its customary payroll practices for a period of until the second (2nd) anniversary date of this Agreement (the "Severance Payment Period"). If the Employee's employment is terminated by the Employee for Good Reason, the Company shall also continue to provide benefits in the kind and amounts provided to its employees generally throughout the Severance Payment Period, including continuation of any Company-paid benefits provided pursuant hereto, for the Employee and, if applicable, the Employee's spouse and minor children, provided such benefits will be subject to immediate termination to the extent Employee receives benefits under another similar benefit plan. Employee agrees that the above payments shall be a full settlement of the Company's obligations to Employee hereunder in the event of a termination for Good Reason.
Continuation of Salary and Benefits. In the event the Executive's ----------------------------------- employment terminates during the Employment Period as of result of his death as set forth in paragraph 7(a), or as a result of the Executive's Disability as set forth in paragraph 7(b), the Company shall pay to the Executive or his estate, as the case may be, his Base Salary and any employee benefits, including group medical benefits, to which he would otherwise be entitled under this Agreement, for 12 months from the date of termination of employment.
Continuation of Salary and Benefits. While any Employment Matter is pending, MF Global will continue to provide compensation and benefits in accordance with this Agreement as if your employment had continued unaffected. MF Global may, however, elect to treat you as if you had been placed on paid leave for all or part of the time an Employment Matter is pending. You will not need to reimburse MF Global even if it is determined pursuant to Section 12(c) that you are not entitled to receive the salary or benefits.
Continuation of Salary and Benefits. Notwithstanding the fact that Executive’s date of termination of employment with the Company is on the Termination Date, the Company acknowledges and agrees that, through and including December 31, 2019, the Company shall continue to pay or provide to Executive (i) the Annual Base Salary, paid in accordance with the Company’s normal payroll practices, and (ii) continued participation in the Company’s health, medical, and dental insurance plans that Executive was participating in immediately prior to the Termination Date in accordance with their terms; provided, however, that if such continuation of coverage is not allowed under the terms of the applicable plan or by the applicable plan provider, or to the extent necessary to comply with the nondiscrimination requirements of the Patient Protection and Affordable Care Act of 2010, as amended, and/or the Health Care and Education Reconciliation Act of 2010, as amended, the Company may instead provide Executive with a lump sum payment (no later than March 15, 2020) equal to the aggregate COBRA premiums that Executive pays to continue his participation in such plans through December 31, 2019.
Continuation of Salary and Benefits. Notwithstanding the fact that Executive’s date of termination of employment with the Company is on the Termination Date, the Company acknowledges and agrees that, through and including May 30, 2023, the Company shall continue to pay or provide to Executive (i) the Annual Base Salary, paid in accordance with the Company’s normal payroll practices, and (ii) continued participation in the Company’s paid time off and other fringe benefit plans that Executive was participating in immediately prior to the Termination Date in accordance with their respective terms, including all health, medical, and dental insurance plans that Executive was participating in immediately prior to the Termination Date: provided, however, that if the continuation of such insurance coverage is not allowed under the terms of the applicable plan or by the applicable plan provider, or to the extent necessary to comply with the nondiscrimination requirements of the Patient Protection and Affordable Care Act of 2010, as amended, and/or the Health Care and Education Reconciliation Act of 2010, as amended, the Company may instead provide Executive with a lump sum payment (no later than May 30, 2023) equal to the aggregate COBRA premiums that Executive pays to continue his participation for himself and his dependents in such plans through May 30, 2023. In addition, any and all unreimbursed business expenses will be paid or reimbursed to you in accordance with Section 2(d) of your Employment Agreement. Moreover, regardless of whether or not the Executive signs this Agreement, pursuant to the applicable policy, the Executive will be paid all 315 hours of his accrued, unused Paid Time Off (“PTO”), which amounts to $87,457.92. Finally, the Company will also promptly inform the Newport Group of Executive’s Termination Date and will promptly inform Executive of the date he can expect to receive distribution of the proceeds in his account from the Newport Group.
Continuation of Salary and Benefits. The payment described in Section 3 is in addition to, not in lieu of, continued normal and regular payment of Executive’s salary, leadership bonus and benefits (which shall be paid to Executive on the same basis as other executive management) during his employment by the Company.
Continuation of Salary and Benefits. The Executive shall continue to receive:
Continuation of Salary and Benefits. In the event that the Employee’s employment is terminated by the Company without Cause or by the Employee for Good Reason prior to the end of the initial term, the Company shall, subject to the terms of Sections 6.2 and 6.3 below, and only if and as long as Employee is not in breach of his obligations under this Agreement, pay compensation to Employee in the manner set forth below. If the Employee’s employment is terminated by the Company without Cause or by the Employee for Good Reason during the term of this Agreement, then the Company shall continue to pay to Employee his current base salary provided for under this Agreement in periodic payments in accordance with its customary payroll practices for a period of twelve (12) months or until the third (3rd) anniversary date of this Agreement whichever occurs first (the “Severance Payment Period”). If the Employee’s employment is terminated by the Company without Cause or by the Employee for Good Reason, the Company shall also continue to provide benefits in the kind and amounts provided to its employees generally throughout the Severance Payment Period, including continuation of any Company-paid benefits provided pursuant hereto, for the Employee and, if applicable, the Employee’s spouse and minor children, provided such benefits will be subject to immediate termination to the extent Employee receives benefits under another similar benefit plan. Employee agrees that the above payments shall be a full settlement of the Company’s obligations to Employee hereunder in the event of a termination without Cause or with Good Reason.
Continuation of Salary and Benefits. For a period of one year ----------------------------------- following the Closing (or until such earlier date in the event of the termination of employment of a Transferred Employee), each chello Transferred Employee shall be paid a monthly salary at least equal to the monthly salary paid to such employee immediately prior to the Closing, and Transferred Employees shall be offered the opportunity to participate in employee benefit (but not compensation) plans upon terms and conditions that are no less favorable in the aggregate than those benefits provided to the Transferred Employees immediately prior to the Transition Date, subject to the terms hereof. Transferred Employees shall receive credit for service with At Home and its affiliates (including any predecessors) prior to the Transition Date for all purposes under any benefit plans established or maintained for their benefit after the Transition Date, to the extent that they received credit for such purposes under the applicable employee benefit plans of At Home. The Parties expressly agree to cooperate fully with respect to the actions necessary to effect the transactions contemplated in this Section 6.10, including, without limitation, the provision of records and information as each may reasonably request from the other.
Continuation of Salary and Benefits. For a period of one year ----------------------------------- following the Closing (or until such earlier date in the event of the termination of employment of a chello Transferred Employee), each Transferred Employee shall be paid a monthly salary at least equal to the monthly salary paid to such employee immediately prior to the Closing, and chello Transferred Employees shall be offered the opportunity to participate in employee benefit (but not compensation) plans upon terms and conditions that are no less favourable in the aggregate than those benefits provided to the chello Transferred Employees immediately prior to the chello Transition Date, subject to the terms hereof. chello Transferred Employees shall receive credit for service with chello and its affiliates (including any predecessors) prior to the chello Transition Date for all purposes under any benefit plans established or maintained for their benefit after the chello Transition Date, to the extent that they received credit for such purposes under the applicable employee benefit plans of chello. The Parties expressly agree to cooperate fully with respect to the actions necessary to effect the transactions contemplated in this Section 6.11, including, without limitation, the provision of records and information as each may reasonably request from the other.
