Common use of Cessation of Compensation Clause in Contracts

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:

Appears in 16 contracts

Samples: Employment Agreement, Employment Non Competition and Proprietary Rights Agreement, Employment Agreement (Emergent Health Corp.)

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Cessation of Compensation. In lieu of any severance under any severance plan that the Company may then have in effect, and subject to: to (i) the receipt of a full and unconditional release from Employee; 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 which relates solely to his or her 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 within thirty (30) days of the date of a termination of his employment in full satisfaction of any obligation to Employee for termination of this Agreementor her employment:

Appears in 12 contracts

Samples: Employment Agreement (Capital Growth Systems Inc /Fl/), Employment Agreement (Capital Growth Systems Inc /Fl/), Employment Agreement (Capital Growth Systems Inc /Fl/)

Cessation of Compensation. In lieu of any severance under any severance plan that the Company may then have in effect, and subject to: to (i) the receipt of a full and unconditional release from Employee; 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 a termination of his employment in full satisfaction of any obligation to Employee for termination of this Agreementemployment:

Appears in 2 contracts

Samples: Employment Agreement (Capital Growth Systems Inc /Fl/), Employment Agreement (Capital Growth Systems Inc /Fl/)

Cessation of Compensation. In lieu of any severance under any severance plan that the Company may then have in effect, and subject to: to (i) the receipt of a full and unconditional release from Employee; 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 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 within thirty (30) days of the date of a termination of his employment in full satisfaction of any obligation to Employee for termination of this Agreementemployment:

Appears in 1 contract

Samples: Employment Non Competition and Proprietary Rights Agreement (Universal Access Inc)

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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 her employment in full satisfaction of any obligation to Employee for termination of this Agreement:

Appears in 1 contract

Samples: Employment Agreement (Vitacost.com, Inc.)

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