Standard Entitlements definition

Standard Entitlements means the Executive’s (i) accrued and unpaid (as of the termination date) Base Salary, (ii) accrued and unpaid (as of the termination date) Bonus for the calendar year prior to the calendar year in which the termination date occurs, (iii) accrued but unused (as of the termination date) vacation pay and (iv) approved and unreimbursed (as of the termination date) business expenses. Notwithstanding any provision of this Agreement to the contrary, Standard Entitlements shall include employee benefits that by their terms continue after the termination of employment; provided, however, that, employee benefits, if any, provided after the termination date shall be so provided in accordance with the schedule applicable thereto. For purposes of this Agreement, the schedules described in this Section 7(a) shall be referred to as the “Standard Entitlements Payment Schedule.” Once the Standard Entitlements have been paid to the Executive, the Company shall have no further obligation to Executive.
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Standard Entitlements has the meaning specified in Section 5.1(a)(iii).
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Standard Entitlements means accrued but unpaid (as of the termination date) Base Salary, accrued but unused (as of the termination date) vacation pay, approved but unreimbursed (as of the termination date) expenses, employee benefits that by their terms continue after the termination of employment, payable in accordance with the Company’s normal payroll practices, but in no event later than required under applicable law (the “Standard Entitlements Payment Schedule”); provided, however, that, employee benefits, if any, provided after the termination date shall be so provided only in accordance with the terms thereof, which shall for all purposes hereunder be deemed to be part of the Standard Entitlements Payment Schedule. The exercisability of any Bonus Stock Option shall be governed by the terms of Section 3(c) hereof and the applicable grant agreement. Upon receipt by Executive of such sums payable by the Company as provided in this Section 6(a), Executive (or his estate, as the case may be) will provide the Company with a confirmation of receipt of payment and, with respect to payments other than the Standard Entitlements, a general mutual release of claims, provided, however, that if the release of claims by the Company would diminish its rights under any insurance policy covering any related loss by the Company, then the Company may elect to waive the requirement that the parties deliver such releases.
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Examples of Standard Entitlements in a sentence

  • The Company shall pay the Standard Entitlements as follows: (i) earned but unpaid base salary, and accrued but unpaid annual bonus, paid time off, and automobile allowance, in a single lump sum in cash no later than the earlier of: (A) the date required under applicable law; or (B) sixty (60) days following the Termination Date, with the exact date of payment to be determined by Company in its sole and absolute discretion; and (ii) reimbursements for expenses shall be paid in accordance with Section 7.

  • In the event of such termination, the Executive shall be entitled to receive the Standard Entitlements, and a severance package as described in subsection 8.2.1 below, provided the Executive complies with the conditions described in subsection 8.2.2 or 8.3.2 below, as applicable.

  • In the event that Executive's resignation is without Good Reason, Executive will be entitled to receive the Standard Entitlements, but Executive shall not be entitled to receive (i) the Severance Payment, or any part thereof, or (ii) any further vesting of stock options; and all other obligations of Employer to Executive pursuant to this Agreement shall automatically terminate and be completely extinguished.

  • In the event the Executive resigns for Good Reason, the Executive shall be entitled to receive the Standard Entitlements, and the severance package described in subsection 8.2.1 above, provided, the Executive complies with the conditions described in subsection 8.2.2 above.

  • If Employer terminates Executive's employment without Cause, Executive shall be entitled to receive the Standard Entitlements.

  • The Standard Entitlements shall be paid to such Executive within 30 days following termination or earlier if required by law.

  • If Company terminates Executive’s employment as a result of Executive’s Disability (as defined below), or if Executive’s employment is terminated due to the death of Executive, then Executive shall become entitled to the Standard Entitlements.

  • In the event that Executive's employment is terminated for Cause in accordance with paragraph 5.1, Executive shall be entitled to receive: (a) the Base Salary then in effect, prorated to the date of termination; (b) any performance bonuses earned prior to the date of termination; and (c) any expense reimbursements to which Executive is entitled by virtue of his prior employment with Employer (collectively, (a), (b) and (c) above are referred to herein as the "Standard Entitlements").

  • In accordance with the Company's current payroll practices, Executive shall receive his regular salary through the Separation Date, at which time Executive shall be removed from the Company's payroll system and subsequent payments shall be made only as set forth below in 2(B).

  • In the event of such termination and provided that section 8.5 does not apply, Executive will receive the Standard Entitlements and will be eligible to receive a "Severance Package" as described in subsection (a) below, provided Executive complies with all the conditions set forth in subsection (b) below.


More Definitions of Standard Entitlements

Standard Entitlements means, as applicable, as of the date of Termination of Employment, accrued but unpaid Base Salary, accrued but unpaid Annual Bonus and Long Term Bonus that has been that has been earned under the applicable plan or arrangement for a completed Fiscal Year or Performance Period, as applicable, Unused Vacation, and accrued but unpaid benefits to which the Executive is entitled under Sections 3(b), (c), (d), and (f) hereof in accordance with the terms and conditions of the applicable plan or policy. Notwithstanding anything contained herein to the contrary, and subject to Section 16 and the execution of the Release pursuant to this Section 4(f), the payments under this Agreement that are not Standard Entitlements shall be payable as described in Sections 1 and 4, as applicable; provided, that, the first payment under Section 1(b)(vi), 4(b)(v) or 4(d)(vi), as applicable, shall be made on the sixtieth (60th) day following the date of the Executive’s Termination of Employment and any other such payment that is so delayed until the sixtieth day shall include payment of any amounts that would otherwise have become due during such sixty-day period. Further, notwithstanding anything contained herein to the contrary, the Executive shall not be required to waive any rights that he has hereunder as a stockholder of the Company, Signet or any of their subsidiaries.
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Related to Standard Entitlements

  • Entitlements shall have the meaning set forth in Section 5(a)(i).

  • Entitlement means the entitlement specified as such in the definition of the relevant Series, subject to any adjustment in accordance with Product Condition 4;

  • Security Entitlements means the rights and property interests of an Entitlement Holder with respect to a Financial Asset.

  • Full Entitlement ADR(s) “Full Entitlement ADS(s)” and “Full Entitlement Share(s)” shall have the respective meanings set forth in Section 2.12.

  • Security Entitlement The meaning specified in Section 8-102(a)(17) of the UCC.

  • Securities Entitlement means the rights and property interests of an Entitlement Holder with respect to a Financial Asset as set forth in Part 5 of Article 8 of the Uniform Commercial Code of the State of New York, as the same may be amended from time to time.

  • Entitlement Order shall have the meaning specified in Section 8-102 of the UCC.

  • Partial Entitlement ADR(s) “Partial Entitlement ADS(s)” and “Partial Entitlement Share(s)” shall have the respective meanings set forth in Section 2.12.

  • Special Assessments means any of the following, except as otherwise provided in subsection (6):

  • Partial Entitlement Share(s) shall have the respective meanings set forth in Section 2.12.

  • Cash Management Systems has the meaning ascribed to it in Section 1.8.

  • Cash Management Accounts means the bank accounts of each Loan Party maintained at one or more Cash Management Banks listed on Schedule 8.01.

  • financial assets means (i) cash, (ii) securities, or (iii) a contract of insurance, a deposit or an evidence of a deposit that is not a security for the purposes of securities legislation;

  • Deposit Accounts means any “deposit accounts,” as such term is defined in the UCC, and includes any checking account, savings account, or certificate of deposit.

  • Securities Accounts (i) shall mean all “securities accounts” as defined in Article 8 of the UCC and (ii) shall include, without limitation, all of the accounts listed on Schedule 4.4(A) under the heading “Securities Accounts” (as such schedule may be amended or supplemented from time to time).

  • Escrow Accounts means a SEK bank account and/or EUR bank account and/or a NOK bank account opened by the Arranger with a reputable bank on which the proceeds from the Bond Issue will be held until the Conditions Precedent for Disbursement have been fulfilled.

  • Management Accounts means unaudited accounts which shall incorporate a profit and loss statement, cash flow statement and balance sheet.

  • Cash Management Account has the meaning set forth in Section 2.7(a).

  • Insurance Policies has the meaning set forth in Section 3.16.

  • Reinsurance intermediary means a reinsurance intermediary-broker or a reinsurance intermediary-manager.

  • Tax and Insurance Escrow Fund shall have the meaning set forth in Section 7.2 hereof.

  • Indirect Participants Has the meaning specified in Section 4.01(b) of this Trust Supplement.

  • Entitlement Holder means the person named on the records of a Securities Intermediary as the person having a Securities Entitlement against the Securities Intermediary.

  • Direct Participants means each person shown in the records of the Clearing Systems as a holder of the Securities;