BENEFITS UPON EXPIRATION OF PERIOD OF EMPLOYMENT Sample Clauses

BENEFITS UPON EXPIRATION OF PERIOD OF EMPLOYMENT. If the Company elects not to extend the Period of Employment pursuant to Section 2, unless the Executive's employment is earlier terminated pursuant to Sections 6 or 7, termination of the Executive's employment hereunder shall be deemed to occur at the close of business on the day immediately preceding the next anniversary of the Effective Date which occurs at least six (6) months after delivery of the non-extension notice in accordance with Section 2. If the Company elects not to extend the Period of Employment, upon the Executive's termination in accordance with the preceding sentence he will be entitled to receive:
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BENEFITS UPON EXPIRATION OF PERIOD OF EMPLOYMENT. If either party elects not to extend the Period of Employment pursuant to Section 2, unless the Executive's employment is earlier terminated pursuant to Section 5, 6 or 7, termination of the Executive's employment hereunder shall be deemed to occur at the close of business on the day immediately preceding the next anniversary of the Effective Date which occurs at least four (4) months after delivery of the non-extension notice in accordance with Section 2. If the Company or the Executive elect not to extend the Period of Employment, upon the Executive's termination in accordance with the preceding sentence he will be entitled to only those benefits set forth in Section 8.2.1.
Sample 1
BENEFITS UPON EXPIRATION OF PERIOD OF EMPLOYMENT. If the Executive's employment is terminated effective upon or following the expiration of the Period of Employment (with or without extension in accordance with Section 2), unless the Executive's employment is earlier terminated pursuant to Section 5, 6 or 7, then the Executive shall be entitled to:
Sample 1

Related to BENEFITS UPON EXPIRATION OF PERIOD OF EMPLOYMENT

  • Benefits Upon Termination of Employment If the Executive is entitled to benefits pursuant to this Section 2, the Company agrees to pay or provide to the Executive as severance payment, the following:

  • Compensation Following Termination of Employment In the event that Executive's employment hereunder is terminated, Executive shall be entitled to the following compensation and benefits upon such termination:

  • Rights Upon Termination of Employment The terms which regulate the treatment of the International Participant's Restricted Stock Units upon termination of employment are set out in the Plan and in the Award Documents. In summary, upon the International Participant's termination of employment for any reason other than death, Disability or Retirement, any unvested Restricted Stock Units shall be forfeited and cancelled on the date of such termination of employment.

  • Payments Upon Termination of Employment (a) If Executive’s employment with the Company is terminated by reason of:

  • Compensation and Benefits Upon Termination of Employment (a) If the Company shall terminate the Executive's employment after a Change in Control other than pursuant to Section 3(b), 3(c) or 3(d) and Section 3(f), or if the Executive shall terminate his employment for Good Reason, then the Company shall pay to the Executive, as severance compensation and in consideration of the Executive's adherence to the terms of Section 5 hereof, the following:

  • Continued Employment Beyond the Expiration of the Employment Term Unless the parties otherwise agree in writing, continuation of Executive’s employment with the Company beyond the expiration of the Employment Term shall be deemed an employment at-will and shall not be deemed to extend any of the provisions of this Agreement and Executive’s employment may thereafter be terminated at will by either Executive or the Company; provided that the provisions of Sections 10, 11 and 12 of this Agreement shall survive any termination of this Agreement or Executive’s Termination of Employment hereunder.

  • Term; Termination of Employment The term of this Agreement (the “Term”) begins on the Effective Date and will end, along with Executive’s employment with the Company, on the earliest to occur of the following events.

  • Compensation Upon Termination of Employment If the Executive’s employment hereunder is terminated, in accordance with the provisions of Article III hereof, and except for any other rights or benefits specifically provided for herein to be effective following the Executive’s period of employment, the Company will provide compensation and benefits to the Executive only as follows:

  • Early Termination of the Employment Period Notwithstanding Section 1(b) hereof, the Employment Period shall end upon the earliest to occur of (i) a Termination For Cause, (ii) a Termination Without Cause, (iii) a Voluntary Termination, (iv) a Termination Due to Retirement, (v) a Termination Due to Disability, or (vi) a Termination Due to Death.

  • Severance Compensation upon Termination of Employment If the Company shall terminate the Executive’s employment other than pursuant to Section 5(a), (b) or (c) or if the Executive shall terminate his employment for Good Reason, then the Company shall pay to the Executive as severance pay in a lump sum, in cash, on the fifth day following the Date of Termination, an amount equal to three (3) times the average of the aggregate annual compensation paid to the Executive during the three (3) fiscal years of the Company immediately preceding the Change of Control by the Company subject to United States income taxes (or, such fewer number of fiscal years if the Executive has not been employed by the Company during each of the preceding three (3) fiscal years).

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