Release Effectiveness Date definition
Examples of Release Effectiveness Date in a sentence
Notwithstanding the foregoing, if the Release Effectiveness Date falls in the calendar year next succeeding the calendar year of the Termination Date, the lump sum payment will be made no earlier than the first business day of such next succeeding calendar year.
In addition, the Employer shall pay Executive the Gross-Up Amount with respect to any shares of restricted stock, OP Units or LTIP Units that vest on the Release Effectiveness Date.
In addition, the Employer shall pay Executive any tax gross-up payments owed pursuant to the terms of any such equity award with respect to any shares of restricted stock or restricted stock units that vest on the Release Effectiveness Date.
Such amount shall be paid in equal monthly installments during the one-year period following the Release Effectiveness Date, commencing on the first payroll date to occur after the sixtieth (60th) day following the date of termination.
Such amount shall be paid in equal monthly installments during the one-year period following the Release Effectiveness Date, commencing on the first payroll date to occur after the sixtieth (60th) day following the date of termination, provided that the first such payment shall consist of all amounts payable to the Executive pursuant to this Section 1(f) between the date of termination and the first payroll date to occur after the sixtieth (60th) day following the date of termination.
In addition, on the Release Effectiveness Date, subject in all respects to Section 9 hereof, the Company shall pay the Executive a bonus of $133,333 in respect of 2004.
In exchange for, and conditioned upon, Employee’s agreement to the general release and waiver of claims and covenant not to ▇▇▇ set forth in Sections 6 and 7 below and Employee’s other promises herein, upon the Second Release Effectiveness Date (as defined in Section 15 below), the Company has agreed to provide Employee with the separation benefits set forth in Section 4 of the Separation Agreement.
In addition, any unvested deferred compensation contribution made pursuant to Section 3(d) above shall become fully vested upon the Release Effectiveness Date.
In addition, any unvested deferred compensation contribution made pursuant to Section 3(f) above shall become fully vested upon the Release Effectiveness Date.
Except with respect to the obligations arising under or preserved in this Interim Employment Agreement, effective as of the Release Effectiveness Date, the Company, on behalf of itself and its successors and assigns hereby releases and discharges the Executive from any and all actions, causes of action, claims, demands, grievances, and complaints, known and unknown, which the Company ever had or may have at any time through the Release Effectiveness Date.