Payments and Other Benefits. Provided that Colleague has: (i) complied in all respects with the requirements of this Agreement, specifically including Section 2, above, (ii) executed and not revoked this Agreement; and (iii) executed and not revoked, within the timeframe specified therein following the Retirement Date, the Agreement Affirmation attached to this Agreement (“Appendix A”), Energizer will provide Colleague with the payments and benefits described below, in consideration and in exchange for Colleague’s promises and obligations herein. Colleague acknowledges that the payments and other benefits set forth below are more than he would otherwise be eligible to receive.
Payments and Other Benefits. Provided that Colleague has: (i) complied in all respects with the requirements of this Agreement, specifically including Section 2, above, (ii) executed and not revoked this Agreement; and (iii) executed and not revoked, within the timeframe specified therein following the Separation Date, an additional General Release containing terms and conditions substantially identical to this Agreement (“Appendix A”), Energizer will provide Colleague with the payments and benefits described below, in consideration and in exchange for Colleague’s promises and obligations herein. Colleague acknowledges that the payments and other benefits set forth below are more than he would otherwise be eligible to receive.
Payments and Other Benefits. (a) The Company shall pay to Employee by wire transfer on the Effective Date, subject in each case to any required tax and similar withholdings, (i) a termination fee of $22,452,640 and (ii) $7,030,778 (in full and complete settlement for all unpaid salary, bonuses and unused vacation days due under the Current Employment Agreement or otherwise).
Payments and Other Benefits. (a) In exchange for and in consideration of all of the promises and covenants contained in this Agreement (including, without limitation and contingent upon Xxxxxxx’x execution and delivery on the Separation Date of the Release as more specifically described and defined in Section 4 of this Agreement, and further provided that Xxxxxxx not revoke such Release), the Company agrees to provide Xxxxxxx with the following (less state and federal taxes and other required withholding):
Payments and Other Benefits. In further consideration for Executive’s compliance with the obligations identified in this Agreement, Edgewell agrees to the following:
Payments and Other Benefits. (a) Employee acknowledges that he has received all wages, benefits and all other payments to which he was entitled by virtue of his employment with Employer through the Termination Date.
Payments and Other Benefits. 2.1 Provided Xxxxx has not voluntarily terminated employment with the Company prior to the beginning of the Assignment Period, then during the term of this Agreement, Xxxxx will maintain his current base salary as of January 1, 2013 of $413,751, and he will maintain his current benefits as detailed in the terms and conditions of the plan documents. Upon the termination of Xxxxx’x employment, Xxxxx shall execute and deliver to Company the Additional Release substantially in the form attached hereto as Exhibit A by no later than 21 days after Xxxxx’x termination of employment. Consulting assignments and board of directors appointments must be approved by the Company through Xxxxxx Xxxxx, SVP-Human Resources. If Xxxxx obtains other employment, is terminated by the Company without cause or submits his resignation after the commencement of the Assignment Period, then his employment will terminate, and he will receive all salary that would have been earned through the end of the Assignment Period in a lump-sum within 30 days of his termination date. In addition, if Xxxxx remains as CFO until the beginning of the Assignment Period, the 2011 CGP Grant and 2011 PRSU grant will become 100% vested on August 9, 2013 and be paid after the performance period in accordance with plan provisions at the achievement level deemed by the Compensation Committee and an additional 25% of the 2010, 2011, and 2012 Stock Option Grants will vest on August 9, 2013. In addition, during the Assignment Period, Xxxxx will not be subject to trading window restrictions but will be required to notify the Company’s General Counsel within 1 business day of his trading of ITW stock or exercising ITW options for any transaction subject to §16(b) reporting. The Company will continue to file the appropriate Form 4’s with the SEC on Xxxxx’x behalf during the Assignment Period, provided that Xxxxx complies with such notification requirements and timely provides the information needed for such filings. Xxxxx will maintain his eligibility for the 0000 X&X Bonus, payable in March 2014, paid in accordance with the bonus plan’s regular terms and process; provided, however, that the “P” will be calculated based upon Company performance and the “O” portions of the award will be paid at 80% completion rate.
Payments and Other Benefits. (a) From the date hereof until March 31, 2003, the Executive shall continue as an employee of the Company at the annual salary payable to the Executive as of the date hereof. The Executive shall continue to be treated as an employee of the company until the close of business on March 31, 2003 for purposes of determining amounts and benefits under all the Company's benefit plans, including, without limitation, pension (for purposes of both age and service), retiree medical, defined contribution plans, stock options and other retiree or active benefits. The Executive shall retire as an employee of the Company at the close of business on March 31,2003.
Payments and Other Benefits. (a) (i) In lieu of any and all benefits Employee would otherwise be entitled to under the Employment Agreement, Employee will receive supplemental retirement payments based on Employee’s base annual salary of $524,400 for a period of eighteen months (the “Payout Period”), commencing six months after the Retirement Date; and (ii) As a special inducement to enter into this Agreement, a lump sum payment of $524,400 payable on his Retirement Date.
Payments and Other Benefits a. In consideration of the execution and performance of this Agreement by the Executive, and subject to Sections 2(d), 2(e) and 2(f) and the remaining provisions of this Section 4, the Executive will receive from the Company the following severance payments and benefits, which include sums of money and benefits to which the Executive would not otherwise be entitled if the Company and the Executive did not mutually agree to the termination of his Employment Agreement and Payment Designation Agreement:
