Cessation of Compensation. In lieu of any severance under any severance plan that the Company may then have in effect, and subject to: (i) the receipt of a full and unconditional release from Employee; and (ii) any amounts owed by the Employee to the Company under any contract, agreement or loan document entered into after the date hereof (including, but not limited to, loans made by the Company to the Employee), the Company shall pay to the Employee, and the Employee shall be entitled to receive, the following amounts within thirty (30) days of the date of termination of his employment in full satisfaction of any obligation to Employee for termination of this Agreement:
Cessation of Compensation. In lieu of any severance under any severance plan that the Company may then have in effect, and subject to: (i) the receipt of a full and unconditional release from Employee in form and substance acceptable to the Company within sixty (60) days following the date of termination of employment of the Employee and the expiration of any revocation period applicable thereto; and (ii) any amounts owed by the Employee to the Company under any contract, agreement or loan document entered into after the date hereof (including, but not limited to, loans made by the Company to the Employee), the Company shall pay and provide to the Employee, and the Employee shall be entitled to receive, the following:
Cessation of Compensation. In lieu of any severance under any severance plan that LORECOM may then have in effect, and subject to any amounts owed by the Executive to LORECOM under any contract or agreement entered into after the date hereof, LORECOM shall pay to the Executive, and the Executive shall be entitled to receive, the following amounts within thirty (30) days of the date of a termination of his employment:
1. Upon the termination of the Executive's employment under the provisions of Sections II.B.4, II.B.5 and II.B.6, the Executive shall be entitled to receive his base salary for the remaining term of this Agreement under Section II.A or two (2) years, whichever period shall be greater (the "Continued Compensation Period") plus, for each year in the Continued Compensation Period, a bonus equal to the highest annual bonus paid to the Executive for any preceding calendar year, prorated for any partial years, plus prorated vacation pay for the Continued Compensation Period and expense reimbursement through the Termination Date. In addition, if permitted under LORECOM's group health, life and disability insurance coverage, Executive shall be entitled to continuation of Executive's coverage thereunder (subject to such changes in coverage as shall apply to LORECOM's employees generally) for the one (1) year period after the Termination Date at the cost of LORECOM or if not so permitted, payment by LORECOM of the premiums for group health insurance coverage otherwise payable by Executive under the Consolidated Omnibus Budget Reconciliation Act of 1985 ("COBRA"). It shall be a condition to Executive's right to receive the payments described above that Executive shall be in compliance with all of Executive's obligations which survive termination hereof, including without limitation those arising under Article IV hereof, and Executive is not otherwise receiving health insurance from another employer. In addition, upon the Executive's termination, LORECOM shall assign to the Executive the life insurance policy described in Section III.F, except that, in the event that the life insurance policy is part of a group-term life insurance plan, LORECOM shall convert the Executive's coverage thereunder into an individual life insurance policy. The Executive agrees that following the assignment of a life insurance policy under this Section, the premiums under any such insurance policy shall be paid by the Executive. Thereafter, LORECOM and its Affiliates shall have no further obligations to ...
Cessation of Compensation. Except as provided by Sections 2.3(b), 2.4(b) and 2.4(c) of this Agreement, all compensation and benefits provided Employee under this Agreement will stop on the date of the cessation of the Employee’s employment hereunder, except where Employee is eligible for continuation of such benefits as specified by federal laws or laws of the Commonwealth of Virginia, including continuation of group health insurance benefits pursuant to the terms of the Consolidated Omnibus Budget Reconciliation Act of 1986 (“COBRA”).
Cessation of Compensation. In lieu of any severance under any severance plan that the Company may then have in effect, the Company shall pay to the Employee, and the Employee shall be entitled to receive, the following amounts in full satisfaction of any obligation to Employee for termination of this Agreement:
Cessation of Compensation. In lieu of any severance under any severance plan that the Company may then have in effect, and subject to: (i) the receipt of a full and unconditional release from Executive; and (ii) any amounts owed by the Executive to the Company under any contract, agreement or loan document entered into after the date hereof (including, but not limited to, loans made by the Company to the Executive), the Company shall pay to the Executive, and the Executive shall be entitled to receive, the following amounts within thirty (30) days of the date of termination of his employment in full satisfaction of any obligation to Executive for termination of this Agreement:
Cessation of Compensation. Upon any termination of the Employment Term, Executive shall be entitled to receive the compensation set forth above in SECTION 2.2 and expense reimbursement through the date of termination; PROVIDED, HOWEVER, that any compensation or expense reimbursement payable to Executive shall be subject to any set-offs to which the Company may be entitled. Unless specifically required to be paid by law, other compensation and benefits, including accrued vacation time, will not be paid or provided after termination for any reason.
Cessation of Compensation. Upon termination of the County Superintendent’s employment, her compensation will cease as of the last day employed, and no additional compensation will be payable to her except as provided in 5 (c) above or otherwise due to her pursuant to the provisions of Education Code, policy or regulation.
Cessation of Compensation. Upon the termination of Employee's employment hereunder pursuant to SECTION 2.2, in lieu of any severance under any severance plan that the Company may then have in effect, and subject to the receipt by the Company of (i) a full and unconditional release from Employee of any claim or liability owed to him arising from Employee's employment by the Company, and (ii) any amounts owed by the Employee to the Company under any contract, agreement or loan document entered into after the date hereof which relates solely to his employment with the Company (including, but not limited to, loans made by the Company to the Employee), the Company shall pay to the Employee, and the Employee shall be entitled to receive, the following amounts:
Cessation of Compensation. Upon termination or expiration of the Term of this Agreement, the Consultant shall be entitled to no further compensation or severance, except: (i) to the extent that the Consultant has not been paid the Retainer through the date of termination or expiration, the Consultant shall be entitled to the Retainer for Services that have been provided through the date of termination or expiration; and (ii) the Consultant shall be entitled to reimbursement for business expenses incurred in connection with providing Services prior to termination or expiration of the Term of this Agreement.
