No Release of Vested Benefits or Health and Welfare Benefits. Except as to claims based grants or failure to grant equity in 2016, by signing this Release, the Executive does not release or discharge any right to any vested, deferred benefit in any qualified employee benefit plan which provides for retirement, pension, savings, thrift and/or employee stock ownership or any benefit due the Executive as a participant in any employee health and welfare plan, as such terms are used under ERISA, which is maintained by any of the Released Parties that employed the Executive.
No Release of Vested Benefits or Health and Welfare Benefits. Executive does not, by signing this Agreement, release or discharge any right to any vested, deferred benefit in any qualified employee benefit or incentive plan which provides for retirement, pension, savings, thrift and/or employee stock ownership or any benefit due Executive as a participant in any employee health and welfare plan, as such terms are used under ERISA, maintained by any of the Released Parties which employed Executive. Executive’s rights under any such employee benefit or incentive compensation plan shall be governed by the terms of such plan. Furthermore, following the eighth (8th) day after the Separation Date, and in accordance with Company’s normal pay cycle, Executive will receive payment for the balance of any accrued and unused Paid Time Off (PTO) for the calendar year 2008. Executive understands and acknowledges that, pursuant to the Company’s PTO Policy, Executive will not accrue any additional PTO while performing services as a consultant under the Consulting Agreement.
No Release of Vested Benefits or Health and Welfare Benefits. By signing this Agreement, Executive does not release or discharge any right to any vested, deferred benefit in any qualified employee benefit plan which provides for retirement, pension, savings, thrift and/or employee stock ownership or any benefit due Executive as a participant in any employee health and welfare plan, as such terms are used under ERISA, which is maintained by any of the Released Parties that employed Executive. Furthermore, Executive will receive payment for the balance of any unused Paid Time Off (PTO) as of the effective date of Executive’s termination, pursuant to the Company’s PTO Policy and in accordance with the Company’s normal pay cycle.
No Release of Vested Benefits or Health and Welfare Benefits. Consultant does not, by signing this Agreement, release or discharge any right to any vested, deferred benefit in any qualified employee benefit or incentive plan which provides for retirement, pension, savings, thrift and/or employee stock ownership or any benefit due Consultant as a participant in any employee health and welfare plan, as such terms are used under ERISA, maintained by any of the Released Parties which employed Consultant. Consultant’s rights under any such employee benefit or incentive compensation plan shall be governed by the terms of such plan. Consultant understands and acknowledges, however, that pursuant to the Company’s PTO Policy, Consultant will not accrue any additional PTO while performing services as a consultant under this Agreement.
No Release of Vested Benefits or Health and Welfare Benefits. Employee does not, by this Agreement, release or discharge any right to any vested, accrued benefit in any qualified employee benefit plan that provides for retirement, pension, savings, thrift, and/or employee stock ownership. Executive shall also retain any vested interest or vested right that Executive may have under The Xxxxxxxx Companies Amended and Restated Retirement Restoration Plan and any vested, accrued right or interest under all equity grant agreements for time-based Restricted Stock Units, performance-based Restricted Stock Units, and Stock Option awards granted under The Xxxxxxxx Companies, Inc. 2007 Incentive Plan as amended. Except with respect to any plan, program, agreement or arrangement providing severance benefits, Employee shall also retain any vested interest or vested rights that Employee may otherwise have under any employee welfare plan, as such terms are used under the Employee Retirement Income Security Act of 1974, as amended, maintained by any of the Released Parties which employed Employee, including any required COBRA continuation coverage under Section 4980B of the Internal Revenue Code of 1986, as amended. Furthermore, following the Separation Date, and in accordance with the Company’s normal pay cycle, Employee will receive payment for the balance of any vested, accrued, and unused Paid Time Off for the calendar year 2017.
