Amounts Due Upon Termination. In the event Employee's employment terminates during the Term, the Company shall provide Employee with the payments set forth below. Employee acknowledges and agrees that the payments set forth in this Section 8 constitute liquidated damages for termination of employment during the Term.
(a) If Employee is terminated following expiration of the Term under Section 6(a), or pursuant to Sections 6(b), 6(c), 6(d), or 6(f), the Company shall pay Employee all accrued but unpaid Base Salary through the Date of Termination at the rate in effect at the time Notice of Termination is given and reimburse Employee for incurred expenses pursuant to Section 5(d), and the Company shall have no further obligations to Employee under this Agreement; provided, that, Employee shall be entitled to any other benefit or payment provided pursuant to any plan or policy of the Company in accordance with such plan's or policy's terms.
(b) If Employee's employment is terminated pursuant to Sections 6(e) or 6(g), the Company shall pay to Employee (A) Base Salary accrued through the Date of Termination and (B) a payment equal to the Base Salary payable for the greater of (i) the remainder of the Term, or (ii) twelve (12) months, and (C) a payment equal to the sum, pro-rated through the Date of Termination, of (i) the Target Bonus for the calendar year in which the termination occurs, and (ii) the Guaranteed Payment under the LTIP. All such payments shall be made no later than 30 days following such termination. Employee shall also be entitled to reimbursement for incurred expenses pursuant to Section 5(d) and to any other benefits or payments provided pursuant to any plan or policy of the Company in accordance with such plan's or policy's terms, subject to Section 5(b).
Amounts Due Upon Termination. In the event the Executive's employment is terminated by Philips during the Retention Period other than for Cause, Philips shall pay Executive a cash lump sum within 60 days of termination equal to the base salary for the remaining portion of the Retention Period, but not less than twelve months of Executive's base salary in effect on the date of Executive's termination. In addition, for the year in which Executive's termination for a reason other than Cause occurs, Executive shall be paid a pro rata portion of the Executive's annual bonus. The Executive shall not be entitled to receive severance pursuant to any other severance plan maintained by Philips if the Executive receives the payments above. The payments described in this paragraph shall not be made in the event the Executive voluntarily terminates his or her employment with Philips.
Amounts Due Upon Termination. Upon termination of this Agreement, all amounts payable by Zale to Bank or by Bank to Zale shall be automatically due and payable in full in accordance with this Agreement without demand or notice of any kind.
Amounts Due Upon Termination. In the event that the Executive’s employment is terminated by the Company during the Term or any Renewal Term (other than for Cause or due to the death of Executive) and if the Executive executes an irrevocable general release of claims against the Company within 30 days after such termination of employment, then the Company shall continue to pay the Executive’s Base Salary as in effect on the date of Executive’s termination for a period of twelve (12) months from notice of termination hereunder payable in installments consistent with the Company’s normal payroll schedule, subject to applicable withholding and other taxes. The Executive shall not be entitled to receive severance payments under any other severance plan maintained by the Company if the Executive receives the payment described above. The payments described in this Section shall not be made in the event that the Executive voluntarily terminates employment with the Company. Upon the termination of Executive’s employment with the Company for Cause or due to the death of Executive, the Company will pay Executive all accrued but unpaid Base Salary through the date of termination.
Amounts Due Upon Termination. If this Agreement is terminated prior to the expiration of the Term, the Monthly Fee for the then current month at the termination date shall be prorated based on the actual number of days elapsed in the month. The provisions of this Section 17.4 are in addition to and not in lieu of other remedies available under the terms of this Agreement.
Amounts Due Upon Termination. In the event that this Agreement and the ---------------------------- Executive's employment by the Company hereunder is terminated for any reason prior to the expiration of the Employment Period, the Executive shall retain all benefits to which he is entitled under any severance policies of the Company then in effect. In addition:
(a) Upon termination of this Agreement under Paragraphs 3(b), 3(d) or 3(e), the Executive shall be entitled to any unpaid base salary accrued through the date of termination, but shall be entitled to no bonus or other payments or benefits as described above.
(b) Upon termination pursuant to Paragraphs 3(a) or 3(c), the Executive shall be entitled to (i) continued payments of base salary for six (6) months or until the Executive's death, whichever occurs first (less any disability payments received by the Executive, from plans sponsored by the Company, in case of termination for disability).
(c) The Executive hereby agrees that his sole remedy for any breach by the Company of this Agreement shall be to terminate this Agreement under Section 3(e) hereof and receive payment of amounts then due under Section 6 hereof.
Amounts Due Upon Termination. Notwithstanding any expiration or termination of this Lease (except in the case of cancellation by mutual agreement) Tenant's obligation to pay minimum Rent, Tenant's Proportionate Share of all common area costs and expenses, insurance costs and utility charges under this Lease shall continue and shall cover all periods up to the Lease Expiration Date. Tenant's obligation to pay any and all such amounts under this Lease and Landlord's and Tenant's obligations to make the adjustments referred to above shall survive any expiration or termination of this Lease.
Amounts Due Upon Termination. In the event that the Executive’s employment is terminated by the Company during the Term other than for Cause or is terminated by the Executive for Good Reason, the Company shall continue to pay to the Executive the following amounts: (i) the portion of the Executive’s Base Salary accrued but unpaid through the date of such termination; (ii) any other amounts to which the Executive is entitled by law or pursuant to the terms of any compensation or benefit plan or arrangement in which he participated prior to the date of termination; and (iii) the Executive’s Base Salary as in effect on the date of Executive’s termination for a period of twelve (12) months from notice of termination hereunder payable in installments consistent with the Company’s normal payroll schedule, subject to applicable withholding and other taxes. The Executive shall not be entitled to receive severance payments under any other severance plan maintained by the Company if the Executive receives the payment described above. The payments described in this Section shall not be made in the event that the Executive voluntarily terminates employment with the Company.
Amounts Due Upon Termination. Upon termination of this Agreement, ---------------------------- Trintech shall pay RSA and SDTI all amounts due to such parties hereunder.
Amounts Due Upon Termination. (a) In the event the Executive's employment is terminated by the Company or Philips during the Retention Period other than for Cause (as defined below) or by the Executive due to Relocation (as defined below), the Executive shall be paid a cash lump sum within 60 days of termination equal to (a) the base salary for the remaining portion of the Retention Period, but not less than twelve months of Executive's base salary in effect on the date of the Executive's termination (b) the Retention Bonus, to the extent not theretofore paid. In addition, for the year in which such termination occurs, Executive shall be paid a pro rata portion of the Executive's annual bonus. The Executive shall not be entitled to receive severance pursuant to any other severance plan maintained by the Company or Philips if the Executive receives the payments above.
(b) In the event of the Executive's death or disability (as defined in Section 8(c) above), the Executive shall be paid in a cash lump sum within 60 days the Retention Bonus, to the extent not theretofore paid.
