Common use of Compensation in the Event of Termination Clause in Contracts

Compensation in the Event of Termination. (a) If the Agreement is terminated under Paragraph 11(a), Executive or his estate shall receive the compensation provided in Paragraph 7(a) prorated to the date of termination, and all amounts accrued under benefit plans in which Executive is a participant as of such termination date.

Appears in 3 contracts

Samples: Employment Agreement (Metro-Goldwyn-Mayer Inc), Employment Agreement (Metro-Goldwyn-Mayer Inc), Employment Agreement (Metro-Goldwyn-Mayer Inc)

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Compensation in the Event of Termination. (a) If the Agreement is terminated under Paragraph 11(a), Executive or his estate shall receive the compensation provided in Paragraph 7(aParagraphs 7(a)(i), 7(a)(ii) and 7(a)(iii), if any, prorated to the date of termination, and all amounts accrued under benefit plans in which Executive is a participant as of such termination date, including without limitation the benefits provided in Paragraph 7(a)(iv) in accordance with the provisions of the Plan.

Appears in 2 contracts

Samples: Employment Agreement (Metro-Goldwyn-Mayer Inc), Employment Agreement (Metro-Goldwyn-Mayer Inc)

Compensation in the Event of Termination. (a) If the Agreement is terminated under Paragraph 11(a), Executive or his estate shall receive the compensation provided in Paragraph 7(a7(a)(i) and 7(a)(ii), if any, prorated to the date of termination, and all amounts accrued under benefit plans in which Executive is a participant as of such termination date.

Appears in 2 contracts

Samples: Employment Agreement (Metro-Goldwyn-Mayer Inc), Employment Agreement (Metro-Goldwyn-Mayer Inc)

Compensation in the Event of Termination. (a) If the Agreement is terminated under Paragraph 11(a), Executive or his estate shall receive the compensation provided in Paragraph 7(aParagraphs 7(a)(i) and 7(a)(iii), if any, prorated to the date of termination, and all amounts accrued under benefit plans plan in which Executive is a participant as of such termination date, including without limitation the benefits provided in Paragraph 7(a)(iv) in accordance with the provisions of the Plan.

Appears in 1 contract

Samples: Employment Agreement (Metro-Goldwyn-Mayer Inc)

Compensation in the Event of Termination. (a) If the Agreement is terminated under Paragraph 11(a), Executive or his estate shall receive the compensation provided in Paragraph 7(a7(a)(i) and 7(a)(iii), if any, prorated to the date of termination, and all amounts accrued under benefit plans in which Executive is a participant as of such termination date, including without limitation the benefits provided in Paragraph 7(a)(iv) in accordance with the provisions of the Plan.

Appears in 1 contract

Samples: Employment Agreement (Metro-Goldwyn-Mayer Inc)

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Compensation in the Event of Termination. (a) If the Agreement is terminated under Paragraph 11(a) or 11(g), Executive or his estate shall receive the compensation provided in Paragraph 7(aParagraphs 7(a)(i), 7(a)(ii) and 7(a)(iii), if any, prorated to the date of termination, and all amounts accrued under benefit plans in which Executive is a participant as of such termination date, including without limitation the benefits provided in Paragraph 7(a)(iv) in accordance with the provisions of the Plan.

Appears in 1 contract

Samples: Employment Agreement (Metro-Goldwyn-Mayer Inc)

Compensation in the Event of Termination. (a) If the Agreement is terminated under Paragraph 11(a), Executive or his estate shall receive the compensation provided in Paragraph 7(a) prorated to the date of termination, and all amounts accrued under benefit plans in which Executive is a participant as of such termination date.

Appears in 1 contract

Samples: Employment Agreement (Metro-Goldwyn-Mayer Inc)

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