Common use of After the Term Date Clause in Contracts

After the Term Date. If at the Term Date, the term of employment shall not have been previously terminated pursuant to the provisions of this Agreement, no Disability Period is then in effect and the parties shall not have agreed to an extension or renewal of this Agreement or on the terms of a new employment agreement, then the term of employment shall continue on a month-to-month basis and you shall continue to be employed by the Company pursuant to the terms of this Agreement, subject to termination by either party hereto on 30 days written notice delivered to the other party (which notice may be delivered by either party at any time on or after the date which is 30 days prior to the Term Date). If the Company shall terminate the term of employment on or after the Term Date for any reason (other than for cause as defined in Section 4.1, in which case Section 4.1 shall apply), then you shall receive any unpaid award under Section 3.4 which has been determined but not yet paid, Base Salary through the effective date of termination, and a severance payment in the amount of 12 months salary from the effective date of termination "Severance Term Date". At the end of the 30-day notice period provided for in the first sentence of this Section 4.3, the term of employment shall end and you shall cease to be an employee of the Company and you shall have no further obligations or liabilities to the Company whatsoever, except that Sections 8.1, 8.2, 9, 11, and Annex A, shall survive such termination and the Company shall be bound to pay any compensation agreed to and owed under the terms of this Agreement.

Appears in 4 contracts

Samples: Senior Executive Employment Agreement (Piper Acquisition II, Inc.), Senior Executive Employment Agreement (Piper Acquisition II, Inc.), Senior Executive Employment Agreement (Piper Acquisition II, Inc.)

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After the Term Date. At least 120 days prior to the Term Date, the Company and the Executive shall commence discussions regarding a renewed or extension of this Agreement on terms and conditions mutually agreeable to the parties. If at the Term Date, the term of employment shall not have been previously terminated pursuant to the provisions of this Agreement, no Disability Period is then in effect and the parties shall not have agreed to an extension or renewal of this Agreement or on the terms of a new employment agreement, then the term of employment shall continue on a month-to-month basis and you the Executive shall continue to be employed by the Company pursuant to the terms of this Agreement, subject to termination by either party hereto on 30 60 days written notice delivered to the other party (which notice may be delivered by either party at any time on or after the date which is 30 60 days prior to the Term Date). If the Executive shall cause his employment with the Company to terminate on or after the Term Date, then the Executive shall receive Base Salary and deferred compensation through the effective date of termination and a pro rata bonus for the year in which such termination occurs calculated as provided in Section 4.2.1; provided, however, that if the Company has changed the terms or conditions of the Executive's employment from those provided for in this Agreement such that the Executive would have been able to terminate the term of employment pursuant to Section 4.2 if such Section 4.2 had been applicable at the time (without giving effect to any cure right of the Company), then the Executive shall be entitled to the additional benefits described in the next sentence. If the Company shall terminate the term of employment on or after the Term Date for any reason (other than for cause as defined in Section 4.1, in which case Section 4.1 shall apply, and other than for death or disability, in which case Section 5 or 6 shall apply), then you in lieu of the provisions of Section 4.2, the Executive shall be entitled to receive any unpaid award under Section 3.4 which has been determined but not yet paid, Base Salary and deferred compensation through the effective date of termination, such termination and a severance payment pro rata bonus for the year in which such termination occurs calculated as provided in Section 4.2.1 and shall be entitled to elect by delivery of written notice to the amount of 12 months salary from the effective date Company, within 30 days after such notice of termination "Severance Term Date". At the end of the 30-day notice period provided for in the first sentence of this Section 4.3is given, the term of employment shall end and you shall either (A) to cease to be being an employee of the Company and you shall have no further obligations receive a lump sum payment (and credits) as provided in Section 4.3.2 or liabilities (B) remain an employee of the Company for a period of twelve months pursuant to Section 4.3.3 and receive the payments (and credits) provided in Section 4.3.3. The payments described in this Section 4.3 are in addition to any annual bonus otherwise payable pursuant to Section 3.2 hereof with respect to the Company whatsoeverlast calendar year of the term of employment, except that Sections 8.1, 8.2, 9, 11, and Annex A, shall survive such termination and the Company which bonus shall be bound paid in accordance with the Company's then current practices and policies with respect to pay any compensation agreed to and owed under other senior executives. After the terms of this Agreement.Executive makes such election, the following provisions shall apply:

Appears in 2 contracts

Samples: Employment Agreement (Time Warner Inc/), Employment Agreement (Time Warner Inc/)

After the Term Date. If at the Term Date, the term of employment shall not have been previously terminated pursuant to the provisions of this Agreement, no Disability Period is then in effect and the parties shall not have agreed in writing to an extension or renewal of this Agreement or on the terms of a new written employment agreement, then the term of employment shall continue on a month-to-month basis and you the Executive shall continue to be employed by the Company pursuant to the terms of this Agreement, subject to termination by either party hereto on 30 90 days written notice delivered to the other party (which party. Such 90-day notice may be delivered given by either party at any time on or after the date which is 30 days prior to the Term Date). If the Company shall terminate October 1, 2004 so that the term of employment may end on the Term Date or any date thereafter. If this Agreement shall be terminated on or after the Term Date for any reason (other than by the Company for cause as defined in Section 4.1, in which case Section 4.1 shall apply), then you the Executive shall receive any unpaid award under Section 3.4 which has been determined but not yet paidBase Salary, Base Salary deferred compensation and a pro rata annual bonus through the effective date of termination, and a severance payment in termination with the pro rata annual bonus being equal to the portion of the average of the regular annual bonus amounts (excluding the amount of 12 any special or spot bonuses) in respect of the two calendar years immediately preceding the calendar year in which such termination occurs based on the number of whole or partial months salary from in such year prior to the effective date of termination "Severance Term Date"termination. At the end of the 3090-day notice period provided for in the first sentence of this Section 4.34.4, the term of employment shall end and you the Executive shall cease to be an employee of the Company and you the Executive shall have no further obligations or liabilities to the Company whatsoever, except that Sections 8.13.8, 8.2, 9, 11, 4.6 and 4.8 and Sections 6 through 12 and Annex A, A shall survive such termination and the Company shall be bound to pay any compensation agreed to and owed under the terms of this Agreementtermination.

Appears in 2 contracts

Samples: Employment Agreement (Time Warner Inc/), Employment Agreement (Aol Time Warner Inc)

After the Term Date. If at the Term Date, the term of employment shall not have been previously terminated pursuant to the provisions of this Agreement, no Disability Period is then in effect and the parties shall not have agreed to an extension or renewal of this Agreement or on the terms of a new employment agreement, then the term of employment shall continue on a month-to-month basis and you shall continue to be employed by the Company pursuant to the terms of this Agreement, subject to termination by either party hereto on 30 90 days written notice delivered to the other party (which notice may be delivered by either party at any time on or after the date which is 30 90 days prior to the Term Date). If the Company shall terminate the term of employment on or after the Term Date for any reason (other than for cause as defined in Section 4.1, in which case Section 4.1 shall apply), then you shall receive any unpaid Annual Bonus or award under Section 3.4 with respect to a year prior to the year of termination which has been determined but not yet paid, Base Salary and a pro rata portion of your Average Annual Bonus through the effective date of termination, and a severance payment in the amount of 12 months salary from the effective date of termination "Severance Term Date". At the end of the 3090-day notice period provided for in the first sentence of this Section 4.3, the term of employment shall end and you shall cease to be an employee of the Company and you shall have no further obligations or liabilities to the Company whatsoever, except that Sections 8.13.6, 8.27, 99.1, 119.2, 10, 11 and 13, and Annex A, shall survive such termination and the Company shall be bound to pay any compensation agreed to and owed under the terms of this Agreementtermination.

Appears in 1 contract

Samples: Amended and Restated Employment Agreement (Time Warner Inc.)

After the Term Date. If at the Term Date, the term of employment shall not have been previously terminated pursuant to the provisions of this Agreement, no Disability Period is then in effect and the parties shall not have agreed to an extension or renewal of this Agreement or on the terms of a new employment agreement, then the term of employment shall continue on a month-to-month basis and you shall continue to be employed by the Company pursuant to the terms of this Agreement, subject to termination by either party hereto on 30 90 days written notice delivered to the other party (which notice may be delivered by either party at any time on or after the date which is 30 90 days prior to the Term Date). If the Company shall terminate the term of employment on or after the Term Date for any reason (other than for cause as defined in Section 4.1, in which case Section 4.1 shall apply), then you shall receive any unpaid Annual Bonus or award under Section 3.4 with respect to a year prior to the year of termination which has been determined but not yet paid, Base Salary and a pro rata portion of your Average Annual Bonus through the effective date of termination, and a severance payment in the amount of 12 months salary from the effective date of termination "Severance Term Date". At the end of the 3090-day notice period provided for in the first sentence of this Section 4.3, the term of employment shall end and you shall cease to be an employee of the Company and you shall have no further obligations or liabilities to the Company whatsoever, except that Sections 8.13.6, 8.23.7, 94.5, 114.6 and 4.8, the Confidentiality Agreement and Annex A, A shall survive such termination and the Company shall be bound to pay any compensation agreed to and owed under the terms of this Agreementtermination.

Appears in 1 contract

Samples: Employment Agreement (Time Warner Inc)

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After the Term Date. If If, at the Term Date, the term of employment shall not have been previously terminated pursuant to the provisions of this Agreement, no Disability Period is then in effect and the parties shall not have agreed to an extension or renewal of this Agreement or on the terms of a new employment agreement, then the term of employment shall continue on a month-to-month basis and you shall continue to be employed by the Company pursuant to the terms of this Agreement, subject to termination by either party hereto on 30 ninety (90) days written notice delivered to the other party (which notice may be delivered by either party at any time on or after the date which is 30 ninety (90) days prior to the Term Date). If the Company shall terminate the term of employment on or after the Term Date for any reason (other than for cause as defined in Section 4.1, in which case Section 4.1 shall apply), then you (i) your Make Whole Stock Options shall receive any unpaid award under Section 3.4 which has been determined remain exercisable for one (1) year following the Effective Termination Date (but not yet paid, Base Salary through the effective date of termination, and a severance payment in the amount of 12 months salary from the effective date of termination "Severance Term Date". At beyond the end of their original term), and (ii) the 30-day notice period provided for in Company shall pay you any Accrued Obligations and a pro rata portion of your Average Annual Bonus through the first Effective Termination Date. The compensation payable pursuant to clause (ii) of the preceding sentence of this Section 4.3, the term of employment shall end and you shall cease to be an employee of the Company and you shall have no further obligations or liabilities to the Company whatsoever, except that Sections 8.1, 8.2, 9, 11, and Annex A, shall survive such termination and the Company 4.3 shall be bound paid to pay any compensation agreed to and owed under you at the terms of this Agreementtimes set forth in Section 4.6.

Appears in 1 contract

Samples: Employment Agreement (Time Inc.)

After the Term Date. If If, at the Term Date, the term of employment shall not have been previously terminated pursuant to the provisions of this Agreement, no Disability Period is then in effect and the parties shall not have agreed to an extension or renewal of this Agreement or on the terms of a new employment agreement, then the term of employment shall continue on a month-to-month basis and you shall continue to be employed by the Company pursuant to the terms of this Agreement, subject to termination by either party hereto on 30 90 days written notice delivered to the other party (which notice may be delivered by either party at any time on or after the date which is 30 90 days prior to the Term Date). If the Company shall terminate the term of employment on or after the Term Date for any reason (other than for cause as defined in Section 4.1, in which case Section 4.1 shall apply), then the Company shall pay you shall receive any unpaid award under Section 3.4 which has been determined but not yet paidAccrued Obligations, Base Salary a pro rata portion of your Average Annual Bonus through the effective date Effective Termination Date and your Life Insurance Premium for the year in which the Effective Terminate Date occurs (and any prior years) to the extent unpaid as of termination, and a severance payment the Effective Termination Date. The compensation payable pursuant to the preceding sentence of this Section 4.3 shall be paid to you at the times set forth in the amount of 12 months salary from the effective date of termination "Severance Term Date"Section 4.8. At the end of the 3090-day notice period provided for in the first sentence of this Section 4.3, the term of employment shall end and you shall cease to be an employee of the Company and you shall have no further obligations or liabilities to the Company whatsoever, except that Sections 8.13.6, 8.24.9, 97, 119.1, 9.3, 10, 12 and 13, and Annex A, shall survive such termination and the Company shall be bound to pay any compensation agreed to and owed under the terms of this Agreementtermination.

Appears in 1 contract

Samples: Employment Agreement (Time Warner Inc.)

After the Term Date. If If, at the Term Date, the term of employment shall not have been previously terminated pursuant to the provisions of this Agreement, no Disability Period is then in effect and the parties shall not have agreed to an extension or renewal of this Agreement or on the terms of a new employment agreement, then the term of employment shall continue on a month-to-month basis and you shall continue to be employed by the Company pursuant to the terms of this Agreement, subject to termination by either party hereto on 30 90 days written notice delivered to the other party (which notice may be delivered by either party at any time on or after the date which is 30 90 days prior to the Term Date). If the Company shall terminate the term of employment on or after the Term Date for any reason (other than for cause as defined in Section 4.1, in which case Section 4.1 shall apply), then the Company shall pay you shall receive any unpaid award under Section 3.4 which has been determined but not yet paid, Base Salary Accrued Obligations and a pro rata portion of your Average Annual Bonus through the effective date Effective Termination Date. The compensation payable pursuant to the preceding sentence of termination, and a severance payment this Section 4.3 shall be paid to you at the times set forth in the amount of 12 months salary from the effective date of termination "Severance Term Date"Section 4.8. At the end of the 3090-day notice period provided for in the first sentence of this Section 4.3, the term of employment shall end and you shall cease to be an employee of the Company and you shall have no further obligations or liabilities to the Company whatsoever, except that Sections 8.13.6, 8.24.9, 97, 119.1, 9.3, 10, 12 and 13, and Annex A, shall survive such termination and the Company shall be bound to pay any compensation agreed to and owed under the terms of this Agreementtermination.

Appears in 1 contract

Samples: Employment Agreement (Time Warner Inc.)

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