Common use of Claims After Termination of Employment Clause in Contracts

Claims After Termination of Employment. If CEO is no longer employed by USPB and existing or new claims are made against USPB Entities or the CEO, the CEO shall be paid (at a daily rate equal to CEO’s Base Salary at the time of termination divided by 260) for all time spent as a witness, for depositions, and similar pre-approved claim-related expenses to defend against an indemnified claim. The USPB Entities shall promptly make information of USPB Entities available to CEO to defend the claims which may impose liability on CEO.

Appears in 4 contracts

Samples: Employment Agreement (U. S. Premium Beef, LLC), Employment Agreement (U. S. Premium Beef, LLC), Non Competition Agreement (U. S. Premium Beef, LLC)

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Claims After Termination of Employment. If CEO is no longer employed by USPB and existing or new claims are made against USPB Entities or the CEO, the CEO shall be paid (at a daily rate equal to CEO’s 's Base Salary at the time of termination termination, including expiration of employment, divided by 260) for all time spent as a witness, for depositions, and similar pre-approved claim-related expenses to defend against an indemnified claim. The USPB Entities shall promptly make information of USPB Entities available to CEO to defend the claims which may impose liability on CEO.. USPB/XXXXXXX X. XXXXXXXX CEO EMPLOYMENT AGREEMENT 2016-2021

Appears in 1 contract

Samples: Employment Agreement (U. S. Premium Beef, LLC)

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Claims After Termination of Employment. If CEO is no longer employed by USPB and existing or new claims are made against USPB Entities or the CEO, the CEO shall be paid (at a daily rate equal to CEO’s 's Base Salary at the time of termination termination, including expiration of employment, divided by 260) for all time spent as a witness, for depositions, and similar pre-approved claim-related expenses to defend against an indemnified claim. The USPB Entities shall promptly make information of USPB Entities available to CEO to defend the claims which may impose liability on CEO.

Appears in 1 contract

Samples: Employment Agreement (U. S. Premium Beef, LLC)

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