4Duties Upon Termination Sample Clauses
The "Duties Upon Termination" clause outlines the specific responsibilities and actions that parties must undertake when their agreement comes to an end. Typically, this includes requirements such as returning confidential information, settling outstanding payments, or ceasing use of proprietary materials. By clearly defining these post-termination obligations, the clause helps ensure an orderly conclusion to the contractual relationship and minimizes the risk of disputes or lingering liabilities after termination.
4Duties Upon Termination. During the Severance Period, if there is a Severance Period applicable to Executive’s termination of employment from Employer, Executive shall fully cooperate with Employer in all matters relating to the winding up of Executive’s pending work including, but not limited to, any litigation in which Employer is involved, and the orderly transfer of any such pending work to such other employees as may be designated by Employer. Notwithstanding the foregoing, such cooperation requirement shall not unreasonably interfere with his then current employment or business activities. With Employer’s prior approval, Executive shall be reimbursed for all expenses reasonably incurred in connection with such cooperation. Following the end of the Severance Period, Executive will be released from any duties and obligations hereunder (except those duties and obligations set forth in Article 4 hereof). In the event of termination of Executive’s employment pursuant to Sections 3.1.1 through 3.1.7 hereof, the obligations of Employer to Executive will be as set forth in Section 3.2 hereof. Upon termination, Executive shall immediately resign from his position as CFO of Employer.