Common use of By Expiration Clause in Contracts

By Expiration. If Executive's employment hereunder shall terminate upon expiration of the term provided in paragraph 2.1 hereof because Executive has provided the notice contemplated in such paragraph to Company, then all compensation and all benefits to Executive hereunder shall continue to be provided until the expiration of such term and such compensation and benefits shall terminate contemporaneously with termination of his employment. If Executive's employment hereunder shall terminate upon expiration of the term provided in paragraph 2.1 hereof because Company has provided the notice contemplated in such paragraph to Executive, then (i) all compensation and all benefits to Executive hereunder shall continue to be provided until the expiration of such term, (ii) such compensation and benefits shall terminate contemporaneously with termination of his employment, and (iii) Company shall provide Executive with the Termination Benefits. Any lump sum cash payment due to Executive pursuant to clause (iii) of the preceding sentence shall be paid to Executive within five business days of the date of Executive's termination of employment with Company.

Appears in 6 contracts

Samples: Employment Agreement (W-H Energy Services Inc), Employment Agreement (W-H Energy Services Inc), Employment Agreement (W-H Energy Services Inc)

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By Expiration. If Executive's ’s employment hereunder shall terminate upon expiration of the term provided in paragraph 2.1 hereof because Executive has provided the notice contemplated in such paragraph to Company, then all compensation and all benefits to Executive hereunder shall continue to be provided until the expiration of such term and such compensation and benefits shall terminate contemporaneously with termination of his employment. If Executive's ’s employment hereunder shall terminate upon expiration of the term provided in paragraph 2.1 hereof because Company has provided the notice contemplated in such paragraph to Executive, then (i) all compensation and all benefits to Executive hereunder shall continue to be provided until the expiration of such term, (ii) such compensation and benefits shall terminate contemporaneously with termination of his employment, and (iii) Company shall provide Executive with the Termination Benefits. Any lump sum cash payment due to Executive pursuant to clause (iii) of the preceding sentence shall be paid to Executive within five business days of the date of Executive's ’s termination of employment with Company.

Appears in 5 contracts

Samples: Employment Agreement (W-H Energy Services Inc), Employment Agreement (W-H Energy Services Inc), Employment Agreement (W-H Energy Services Inc)

By Expiration. If Executive's ’s employment hereunder shall terminate upon expiration of the term provided in paragraph Section 2.1 hereof because Executive has provided the notice contemplated in such paragraph Section to Company, then (i) all compensation and all benefits to Executive hereunder shall continue to be provided until the expiration of such term and (ii) such compensation and benefits shall terminate contemporaneously with termination of his employment. If Executive's ’s employment hereunder shall terminate upon expiration of the term provided in paragraph Section 2.1 hereof because Company has provided the notice contemplated in such paragraph Section to Executive, then (i) all compensation and all benefits to Executive hereunder shall continue to be provided until the expiration of such term, (ii) such compensation and benefits shall terminate contemporaneously with termination of his employment, employment and (iii) Company shall provide Executive with the Termination Benefits. Any Except as otherwise provided in Section 7.16, any lump sum cash payment due to Executive pursuant to clause (iii) of the preceding sentence shall be paid to Executive within five business days of the date of Executive's ’s termination of employment with Company.

Appears in 3 contracts

Samples: Employment Agreement (Taylor & Martin Group Inc), Employment Agreement (Taylor & Martin Group Inc), Employment Agreement (Taylor & Martin Group Inc)

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By Expiration. If Executive's ’s employment hereunder shall terminate upon expiration of the term provided in paragraph Section 2.1 hereof because Executive has provided the notice contemplated in such paragraph Section to CompanyTMG, then (i) all compensation and all benefits to Executive hereunder shall continue to be provided until the expiration of such term and (ii) such compensation and benefits shall terminate contemporaneously with termination of his employment. If Executive's ’s employment hereunder shall terminate upon expiration of the term provided in paragraph Section 2.1 hereof because Company TMG has provided the notice contemplated in such paragraph Section to Executive, then (i) all compensation and all benefits to Executive hereunder shall continue to be provided until the expiration of such term, (ii) such compensation and benefits shall terminate contemporaneously with termination of his employment, employment and (iii) Company TMG shall provide Executive with the Termination Benefits. Any Except as otherwise provided in Section 7.16, any lump sum cash payment due to Executive pursuant to clause (iii) of the preceding sentence shall be paid to Executive within five business days of the date of Executive's ’s termination of employment with CompanyTMG.

Appears in 2 contracts

Samples: Employment Agreement (Taylor & Martin Group Inc), Employment Agreement (Taylor & Martin Group Inc)

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