Benefits Following Termination of Employment. If the Executive incurs a Termination of Employment during the Term of this Agreement, the Company shall provide the Executive the benefits described below.
Benefits Following Termination of Employment. Executive shall be -------------------------------------------- entitled to the following benefits upon a Qualified Termination:
Benefits Following Termination of Employment. (a) Upon the termination of Employee's employment by the Company, whether due to death, Disability, resignation, whether or not for Good Reason, or discharge, whether or not for Just Cause, the Company shall, commencing on the first day of the month following the date of the termination of Employee's employment, pay, or cause to be paid, to Employee in equal monthly installments the sum of $750,000 per year (the "Annual Amount"), for a period equal to the greater of (x) 15 years, (y) the life of Employee, or (z) the life of Rolaxxx X. Xxxxxxxx so long as she is married to Employee at the date of Employee's death ("Employee's Spouse"); provided, however, that in the event of the termination of Employee's employment due to death or Disability prior to March 31, 2001, the Annual Amount described above shall equal $950,000 until March 31, 2001, after which time the Annual Amount shall equal $750,000; and provided further that Employee shall not be entitled to any amounts under this Section 4.4 if Employee's employment is terminated prior to a Change in Control for Just Cause or without Good Reason. In addition, until January 1, 2001, the Annual Amount shall be adjusted annually to reflect increases in the cost of living after the date hereof, as measured by the Consumer Price Index ("CPI") for all urban consumers calculated by the Bureau of Labor Statistics (or any successor or replacement index), after which time the Annual Amount shall be increased at a rate of five percent (5%) per annum.
Benefits Following Termination of Employment. The benefits described below shall be payable to the Executive upon the occurrence of a Vesting Date during the Term of this Agreement (which benefits shall be paid in accordance with the provisions of Section 5).
Benefits Following Termination of Employment. (a) Upon the termination of the Executive's employment by the Company without Cause or by the Executive for Good Reason, during any Standstill Period following a Change of Control (a "Qualified Termination"), the Company shall, within thirty (30) days following the Date of Qualified Termination, pay to the Executive in a lump sum an amount equal to (x) two (2) times the Executive's Base Salary in effect immediately prior to the Date of Termination plus (y) two (2) times the average amount of the Bonus payable to the Executive for the two (2) fiscal years ending on or immediately prior to the Date of Termination.
Benefits Following Termination of Employment. (a) In the event the termination of the Executive's employment by the Company without Cause (except a termination (i) pursuant to a mandatory retirement policy applied by the Company to all its senior executives, or (ii) due to the death or disability of the Executive), or by the Executive for Good Reason, during any Standstill Period following the Change of Control (a "Qualified Termination"), the Company shall continue to pay Executive his Base Salary in accordance with the normal and customary payroll practices of the Company for the period from the Date of Qualified Termination through the end of the Severance Period, and in addition, if the Qualified Termination occurs in the fourth fiscal quarter of the Company's fiscal year and the Executive is then a participant in any bonus or performance based incentive plan for such fiscal year, the Executive shall remain entitled to, and the Company shall pay, the Executive his pro-rata share of the bonus or incentive compensation due for such fiscal year, prorated based on the number of days the Executive was employed by the Company during such fiscal year, (i.e. from the beginning of such year to the date of the Qualified Termination).
Benefits Following Termination of Employment. If a Qualified -------------------------------------------- Termination occurs, the Company shall pay or make available to the Executive any rights, compensation, and benefits which are vested in the Executive or which the Executive has or is otherwise entitled to receive under any plan or program of the Company as such rights, compensation, or benefits become due. In addition, if a Qualified Termination occurs the Company shall, at its cost, during the six (6) months commencing on the Date of Termination, continue to provide the Executive with medical insurance benefits substantially equivalent to those in place on the Date of Termination. Such rights, compensation, and benefits shall be determined under, and paid or made available in accordance with, the Company's applicable insurance and other compensation or benefit plans, programs, and arrangements.
Benefits Following Termination of Employment. (a) Upon the termination of the Executive's employment by the Company without Cause or by the Executive for Good Reason, during any Standstill Period following a Change of Control (a "Qualified Termination"), the Company shall, within thirty (30) days following the Date of Qualified Termination, pay to the Executive in a lump sum an amount equal to (x) three (3) times the Executive's Base Salary in effect immediately prior
Benefits Following Termination of Employment. If the Executive's -------------------------------------------- employment by the Company shall terminate or be terminated, whether by the Company or by the Executive, for any reason whatsoever, during the twelve (12)- month period following a Change of Control (a "Qualified Termination"), the Company shall pay or make available to the Executive any rights, compensation, and benefits which are vested in the Executive or which the Executive has or is otherwise entitled to receive under any plan or program of the Company as such rights, compensation, or benefits become due. In addition, following a Qualified Termination, the Company shall, at its cost, during the twelve (12) months commencing on the Date of Termination, continue to provide the Executive with medical, dental, life and disability insurance benefits substantially equivalent to those in place, if any, on the Date of Termination. Such rights, compensation, and benefits shall be determined under, and paid or made available in accordance with, the Company's applicable insurance and other compensation or benefit plans, programs, and arrangements. Further, in the event of a Qualified Termination, the Company shall, at its cost, continue to provide to the Executive the use of the leased automobile now used by the Executive until the expiration of the current lease term.
Benefits Following Termination of Employment. If your employment terminates for any reason, you will not be entitled to receive payment of any severance benefits. You (or, in the event of your death, your estate) will receive payment(s) for all salary and unpaid vacation accrued as of the date of your termination of employment. In addition, your benefits will be continued under the Company’s then existing benefit plans and policies to the extent, if any, provided for under such plans and policies in effect on the date of termination and in accordance with applicable law.
