(c) The foregoing payments and benefits have been or will be provided to Employee regardless of whether Employee signs or revokes this Agreement.
3.離職福利.
(a) The Company will continue the payment of Employee’s regular base salary, less all required tax withholdings and other deductions, through the payroll period ending on August 15, 2025 (「Severance」). The Company will pay the Severance in equal installments commencing on the first regular payroll date after the date this Agreement becomes final, binding and irrevocable (as described below) (the 「Release Effective Date」), but in no event later than the sixtieth (60th) day following Employee’s Termination Date. The first Severance payment shall include payment of all amounts of such severance that otherwise would have been due prior to such date (without interest), applied as though such payments commenced on the next normal pay date immediately following Employee’s Termination Date.
(b) If Employee timely elects to continue Employee’s group health benefits under COBRA, the Company will pay 100% of Employee’s COBRA premiums for ten (10) months of coverage for Employee and Employee’s spouse ending on June 30, 2025 or when COBRA eligibility ceases. The
COBRA continuation period for group health insurance provided under this Section 3(b) shall be deemed to run concurrent with the continuation period federally mandated by COBRA, or any other legally mandated and applicable federal, state, or local coverage period.
(c) The Company will pay Employee in respect of the Employee’s award under the Company’s 2024 annual incentive plan (「AIP」) $169,600 in cash or immediately available funds, net of required withholdings, on January 15, 2025. The payment contemplated by this Section 3(c) shall constitute full satisfaction of Employee’s award under the 2024 AIP.
(d) Employee is a participant in the following long-term incentive compensation plans (collectively, the 「LTIPs」): (i) First Commonwealth Financial Corporation 2022-2024 Long-Term Incentive Plan; (ii) First Commonwealth Financial Corporation 2023-2025 Long-Term Incentive Plan; and (iii) First Commonwealth Financial Corporation 2024-2026 Long-Term Incentive Plan. The Company will pay Employee in respect of the Employee’s awards at target performance, pro-rated, based on the average ten (10) day share price (FCF), ending on August 14, 2024 in cash or immediately available funds, net of required withholdings, on the first regular payroll date after the Release Effective Date. The payment contemplated by this Section 3(d) shall constitute full satisfaction of Employee’s awards under the LTIPs.
(a) Except for the wages and benefits to be paid to Employee regardless of whether Employee signs this Agreement (as described in Section 2) and the Severance Benefits to be paid under this Agreement (as described in Section 3), the Company does not owe Employee any other wages, compensation, or benefits of any kind or nature;
(b) The Company has provided Employee with all leave to which Employee was entitled and, to the best of Employee’s knowledge, Employee is not suffering from any work-related injuries;
(c) Employee has notified the Company of any charge or complaint Employee filed with any agency or court that is still pending before such court or agency;
(d) The Severance Benefits described in Section 3 are things that Employee is not entitled to receive in the absence of this Agreement;
(e) Employee has returned to the Company all property and information that belongs to the Company, including, but not limited to the following (where applicable): computers (desktop and laptop); phone; tablet; iPad; devices (including usb, external hard drives, etc.); handheld devices; keys, access cards, passwords, and/or ID cards; all electronically stored and paper copies of all financial data, customer information, business plans and reports, and Company files; and all records, customer lists, written information, forms, plans, and other documents, including electronically stored information. Employee shall search Employee's electronic devices, device back-ups, residence, and automobile and agrees that by signing below, Employee has disclosed all Company property in Employee's possession or control and returned such property as directed by Company; and
(f) Employee remains bound by the restrictive covenants (which include, by way of illustration and not limitation, the obligation not to solicit prospective customers, customers and/or employees) for a period as defined and discussed more fully in the Employment Agreement and any other document containing restrictive covenants在不限制前述內容的情況下,員工將遵守《僱傭協議》第3.01條(保密協議),第3.02條(禁止挖角僱員)和第3.06條(競爭條款)下的義務。