Cash Benefits. The Benefits described in the Member Handbook and Supplemental Benefits brochures, if applicable, are provided by Plan, subject to payment by the Member of the Cost Shares indicated. Additionally, except as specifically provided in Section 3.6 and Article XI hereof, neither Plan nor any Plan Provider will be obligated to provide a Member with cash in lieu of Benefits.
Cash Benefits. Effective as of the Distribution Date, SpinCo hereby agrees to cause the SpinCo Executive Deferred Compensation Program to assume responsibility for all liabilities and fully perform, pay and discharge all obligations, when such obligations become due, of the RemainCo Executive Deferred Compensation Program with respect to benefits accrued thereunder by SpinCo Participants immediately prior to the Distribution Date that are payable in cash. Effective as of the Distribution Date, RemainCo hereby agrees to cause the RemainCo Executive Deferred Compensation Program to retain responsibility for all liabilities and fully perform, pay and discharge all obligations, when such obligations become due, of the RemainCo Executive Deferred Compensation Program with respect to benefits accrued thereunder by RemainCo Participants immediately prior to the Distribution Date that are payable in cash.
Cash Benefits. (1) An insured person and members of their family residing or staying in the State which is not competent shall be entitled to cash benefits provided by the competent institution in accordance with the legislation it applies.
Cash Benefits. The Company or its Subsidiary shall pay the Employee as a severance payment an amount equal to:
Cash Benefits. The Company ---------------------------- ------ -------- shall pay Consultant an annual fee of $300,000 during the Consulting Period in equal semi-monthly installments on its normal payroll days. Consultant shall be entitled to health and dental insurance, disability insurance and similar benefits that are provided to executive officers of the Company, and shall have all other incidental perquisites available to Consultant in his previous capacity as President of the Company or made available to the top executives of the Company. The Company shall not, however, be required to adopt or to maintain in existence any benefit plan or modify the terms of eligibility under any plan to accommodate Consultant, but shall, if Consultant is ineligible under any such plan, provide comparable benefits purchased separately.
Cash Benefits. The Corporation, the Bank, and the Executive acknowledge and agree that the cash severance and other benefits payable to the Executive under the Severance Agreement and the SERP shall consist of cash in the amount of $547,741 payable under section 2(a)(1) of the Severance Agreement, cash in the amount of $11,520 payable under section 2(a)(2) of the Severance Agreement, cash in the amount of $652,190 payable under section 2.4 of the SERP, and cash in the amount of $638,254 payable as an excise tax gross-up payment under the Severance Agreement and the SERP. The aggregate amount of $1,849,705 shall be paid to the Executive on or before December 15, 2003 in a single lump sum, discharging in full the Corporation’s and the Bank’s obligations under the SERP and under sections 2(a)(1) and 2(a)(2) of the Severance Agreement. Upon payment to the Executive of cash in the aggregate amount of $1,849,705, the Executive agrees that the SERP shall be terminated and of no further force or effect, and the Executive hereby waives any other rights or benefits he may have had under the terms of the SERP.
Cash Benefits. (i) a cash severance Benefit equal to three times the aggregate of the Executive's Salary plus Bonus,
Cash Benefits. Upon the Executive’s termination of employment by the Company without Cause during the Protection Period and his satisfaction of the conditions specified in Section 5.03 of the Agreement, the Executive shall be entitled to a cash payment of $ .
Cash Benefits. The parties agree that Xxxxxx desires to retire from his employment with AFLAC, and his last day of active employment will be June 30, 2000. In consideration of the promises contained herein, and other good and valuable consideration, the sufficiency of which is hereby acknowledged, AFLAC agrees to pay Xxxxxx the following:
