Common use of All Terminations Clause in Contracts

All Terminations. Upon the termination of Executive’s employment with the Company for any reason, Executive shall be entitled to receive (i) his base salary through the Date of Termination, (ii) the balance of any earned but unpaid bonus, (iii) up to a maximum of 60 days of accrued but unused paid time off, (iv) all vested benefits under the Company’s benefit plans payable in accordance with the terms of such plans and (v) all benefit continuation and conversion rights as provided under the Company’s benefit plans. The foregoing are referred to collectively as the “Base Termination Benefit.”

Appears in 3 contracts

Samples: Employment Agreement (Northfield Laboratories Inc /De/), Employment Agreement (Northfield Laboratories Inc /De/), Employment Agreement (Northfield Laboratories Inc /De/)

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All Terminations. Upon the termination of Executive’s 's employment with the Company for any reason, Executive shall be entitled to receive (i) his base salary through the Date of Termination, (ii) the balance of any earned but unpaid bonus, (iii) up to a maximum of 60 days of accrued but unused paid time off, (iv) all vested benefits under the Company’s 's benefit plans payable in accordance with the terms of such plans and (v) all benefit continuation and conversion rights as provided under the Company’s 's benefit plans. The foregoing are referred to collectively as the "Base Termination Benefit."

Appears in 2 contracts

Samples: Employment Agreement (Northfield Laboratories Inc /De/), Employment Agreement (Northfield Laboratories Inc /De/)

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