Example ContractsClausesNo Additional Benefits
No Additional Benefits
No Additional Benefits contract clause examples

No Additional Benefits. Other than those payments and benefits described in this Agreement, Employee acknowledges and agrees that Employee is not entitled to any additional payments or benefits in connection with termination of Employee's employment with Employer, including without limitation, the accrual of any additional benefits.

No Additional Benefits. Other than those payments and benefits described in this Agreement and the Consulting Agreement attached as Exhibit B, which shall be paid subject to the terms and conditions of this Agreement, Employee acknowledges and agrees that Employee is not entitled to any additional payments or benefits in connection with termination of Employee’s employment with Employer, including without limitation, the accrual of any additional benefits.

No Additional Benefits. Other than those payments and benefits described in this Agreement and the Consulting Agreement attached as Exhibit B, which shall be paid subject to the terms and conditions of this Agreement, Employee acknowledges and agrees that Employee is not entitled to any additional payments or benefits in connection with termination of Employee’s employment with Employer, including without limitation, the accrual of any additional benefits.

No Additional Benefits. Other than those payments and benefits described in this Agreement, which shall be paid subject to the terms and conditions of this Agreement, and the additional obligations and agreements at Separation, provided that [Exhibits A], B and C are signed by Employee on or before January 22, 2024, Employee acknowledges and agrees that Employee is not entitled to any additional payments or benefits in connection with termination of Employee’s employment with Employer, including without limitation, the accrual of any additional benefits.

No Additional Consulting Benefits. Consultant agrees that he is not entitled to any benefits, coverages or privileges, including, without limitation, social security, unemployment, medical or pension payments, made available to employees of the Company or any other consideration or benefits from Trevi for the performance of the Services.

Additional Benefits. In addition to payment of the Accrued Amounts as set forth in Section 1 of this Agreement, in consideration for signing this Agreement and in exchange for the promises, covenants and waivers set forth herein, generally as if your employment had been terminated by the Company without Cause (as defined in the Employment Agreement), # the Company will pay you severance benefits equal to 12 months of your current base salary (i.e., $275,000), payable in a lump sum in accordance with the Company's regular payroll practices, # a pro rata target bonus for 2020 (i.e., $110,000) and awarded but unpaid performance bonus for the year ended December 31, 2019 (i.e., $50,000), # during the 12-month period commencing immediately after the Separation Date and subject to your timely and proper election of COBRA benefits, monthly reimbursement to you for the costs of maintaining coverage for health benefits at the current levels of benefits in effect for you immediately prior to the Separation Date (including family coverage, if such coverage was in effect immediately prior to the Separation Date), # any outstanding unvested time-based restricted stock units previously March 16, 2020 Page 2 – [[Person A:Person]]

Additional Benefits. In addition to the compensation provided for in Section 3 herein, Executive shall be entitled to the following:

Additional Benefits. Notwithstanding the foregoing, the Company may, in its sole discretion, provide benefits to employees or consultants who are not Eligible Employees (“Non-Eligible Employees”) chosen by the Plan Administrator, in its sole discretion, and the provision of any such benefits to a Non-Eligible Employee shall in no way obligate the Company to provide such benefits to any other Non- Eligible Employee, even if similarly situated. If benefits under the Plan are provided to a Non-Eligible Employee, references in the Plan to “Eligible Employee” or “Participant” (and similar references) shall be deemed to refer to such Non-Eligible Employee.

In addition to the benefits described above in this Section 5, during the Employment Term, the Company shall # pay for the premium payments incurred in providing the Employee with a term life insurance policy during the Employment Term in the amount of $1,000,000 and # pay or reimburse the Employee for actual, properly substantiated expenses incurred by the Employee in connection with an annual physical examination in an amount not to exceed $2,000 annually.

Parent’s compensation committee shall approve, effective on the Commencement Date, a grant of Restricted Stock Units (“RSU”) under an equity incentive plan of Parent with value equal to $1,200,000, with the exact number of RSUs to be equal to such value divided by the closing price of Parent’s common stock as quoted on Nasdaq on the close of trading on the Commencement Date. One-third of such RSUs will vest on each anniversary of the Commencement Date, subject to Employee’s continued service.

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