Common use of Certain Other Terminations Clause in Contracts

Certain Other Terminations. If the Employment Period is terminated by Employer pursuant to the provisions of Sections 5.2 or 5.4, or by death, pursuant to the provisions of Section 5.5, Employer shall pay to Executive, within thirty (30) days of the date of termination, Executive's Base Salary through the date of termination. Provided the date of termination is after the end of a calendar year for which a Bonus is payable, but prior to the date of payment, Employer shall also pay to Executive, when due pursuant to provisions of Section 4.2 hereof, the Bonus for such Bonus Year. Employer shall have no obligation to continue any other benefits provided for in Section 4 past the date of termination.

Appears in 5 contracts

Samples: Employment Agreement (Consolidated Technology Group LTD), Employment Agreement (Consolidated Technology Group LTD), Employment Agreement (Technology Acquisitions LLC)

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Certain Other Terminations. If the Employment Period is terminated by Employer pursuant to the provisions of Sections 5.2 or 5.4Section 5.2, or by death, pursuant to the provisions of Section 5.5, Employer shall pay to Executive, within thirty (30) days of the date of termination, Executive's Base Salary through the date of termination. Provided the date of termination is after the end of a calendar year for which a Bonus is payable, but prior to the date of payment, Employer shall also pay to Executive, when due pursuant to provisions of Section 4.2 hereof, the Bonus for such the Bonus YearYear in which the date of termination occurred. Employer shall have no obligation to continue any other benefits provided for in Section 4 past the date of termination.

Appears in 3 contracts

Samples: Employment Agreement (Prime Hospitality Corp), Employment Agreement (Prime Hospitality Corp), Employment Agreement (Prime Hospitality Corp)

Certain Other Terminations. If the Employment Period is terminated by Employer pursuant to the provisions of Sections 5.2 or 5.4Section 5.2, or by death, pursuant to the provisions of Section 5.5, Employer shall pay to Executive, within thirty (30) days of the date of termination, Executive's Base Salary through the date of termination. Provided the date of termination is after the end of a calendar year for which a Bonus is payable, but prior to the date of payment, Employer shall also pay to Executive, when due pursuant to provisions of Section 4.2 hereof, the Bonus for such the Bonus YearYear in which the date of termination occurred. Employer shall have no obligation to continue any other benefits provided for in Section 4 past the date of termination.. 6.3

Appears in 1 contract

Samples: Employment Agreement (Prime Hospitality Corp)

Certain Other Terminations. If the Employment Period is terminated by Employer pursuant to the provisions of Sections 5.2 or 5.4Section 5.2, or by death, pursuant to the provisions of Section 5.5, Employer shall pay to Executive, within thirty (30) days of the date of termination, Executive's Base Salary through the date of termination. Provided the date of termination is after the end of a calendar year for which a Bonus is payable, but prior to the date of payment, Employer shall also pay to Executive, when due pursuant to provisions of Section 4.2 hereof, the unpaid Bonus for such Bonus Year. Employer shall have no obligation to continue any other benefits provided for in Section 4 past the date of termination.

Appears in 1 contract

Samples: Employment Agreement (Prime Hospitality Corp)

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Certain Other Terminations. If the Employment Period period is terminated by Employer on account of Executive’s Disability pursuant to the provisions of Sections 5.2 or Section 5.4, or by death, pursuant to the provisions of Section 5.5, Employer shall pay to Executive, within thirty (30) calendar days of the date of termination, Executive's ’s Base Salary through the date of termination. Provided In the date event that the Employment period is terminated by Employer on account of termination is after the end of a calendar year for which a Bonus is payable, but prior Disability pursuant to the date provisions of paymentSection 5.4 or on account of death pursuant to the provisions of Section 5.5 and provided Executive has been employed for at least six months during the Bonus Year of termination, Employer shall also pay to Executive, when due pursuant to provisions Executive a portion of Section 4.2 hereof, the bonus for the Bonus for such Bonus YearYear of termination prorated through the date of termination. Employer shall have no obligation to continue any other benefits provided for in Section 4 past the date of termination.

Appears in 1 contract

Samples: Employment Agreement (Ameritrans Capital Corp)

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