Companys Obligations Upon Termination. The sole obligations of the Company upon the termination of your employment prior to the failure of either you or the Company to extend the Term in accordance with Section 1.1 of this Agreement are as set forth in this Section 6. Any and all amounts to be paid to you in connection with your termination shall be paid in a lump sum promptly after the Termination Date, but not more than 30 days thereafter.
Companys Obligations Upon Termination. Following the termination of Employee's employment under the circumstances described below, the Company shall pay to Employee the following compensation and provide the following benefits in full satisfaction and final settlement of any and all claims and demands that Employee now has or hereafter may have under this Agreement:
Companys Obligations Upon Termination. The sole obligations of the Company upon the termination of Executive's employment are as set forth in this Section 7. Any and all amounts to be paid to Executive in connection with Executive's termination shall be paid, at Executive's election, either: (a) in a lump sum promptly after the Termination Date, and not more than 30 days thereafter, or (b) as salary continuation for a period identified by the number of years' salary to be paid as severance.
Companys Obligations Upon Termination. Following the termination of Employee's employment under the circumstances described below, the Company shall pay to Employee (or in the event of Employee's death, as directed by the executor of Employee's estate the following compensation and provide the following benefits, and in the case of Section 4.2(a) in full satisfaction and final settlement of any and all claims and demands that Employee now has or hereafter may have against the Company (other than any claims and demands pursuant to the provisions of the Option Agreement or any other Incentive Stock Option Agreement or Nonqualified Stock Option Agreement to be entered into between the Company and Employee or the Nonqualified Stock Option Agreement and Stock Purchase Warrant issued by the Company to Employee in connection with the acquisition by the Company of Digital Interiors (the "Digital Interiors Agreements"), the full satisfaction and final settlement of which claims and demands shall be controlled by the Option Agreement or such other Incentive Stock Option Agreement or Nonqualified Stock Option Agreement):
(a) Termination Without Cause By the Company or with Good Reason by Employee. In the event that Employee's employment shall be terminated by the Company pursuant to Section 4.1(c) hereof:, or by Employee pursuant to Section 4.1(f) hereof, the Company shall pay Employee (a) all Base Salary earned but unpaid through the date of termination, in accordance with the Company's then existing payroll practices. Base Salary shall be paid with the payroll immediately after the termination of Employee's employment and (b) any Bonus earned on or prior to i (late of termination, but not yet paid, which such Bonus shall be paid with the payroll immediately alter the termination of Employee's employment and (c) Base Salary and existing benefits for t period covering the remaining term of the Agreement, or for one year, whichever is greater, from the date of termination. n addition, (i) the Company shall reimburse Employee for any expense incurred through the date of such termination in accordance with Section 3.2 hereof, (ii) the Company shall provide Employee with executive outplacement services reasonably acceptable to Employee, au (iii) with respect to a termination by the Company without Cause pursuant to Section (c) or a termination by Employee pursuant to Section 4.1(f) hereof; all stock options of the Company then issued to Employee (the "Options") shall become fully vested and exercisable as of ...
Companys Obligations Upon Termination. If Employee's employment is terminated pursuant to this Section 7, Employee shall be entitled to, and the Company's obligation hereunder shall be limited to: (i) the payment of any unpaid compensation accrued under Section 5(a) above through the effective date of such termination; (ii) any unreimbursed expenses incurred, and other accrued employee benefits (as described above) accrued, through the date of termination; and (iii) the additional compensation provided in Section 7(f) below, if any.
Companys Obligations Upon Termination. If Employee's employment is terminated pursuant to this Section 7, Employee shall be entitled to, and the Company's obligation hereunder shall be limited to: (i) the payment of any unpaid compensation accrued under Section 5(a) above through the effective date of such termination; (ii) any unreimbursed expenses incurred, and other accrued employee benefits (as described above) accrued, through the date of termination; (iii) retain any stock options that are vested pursuant to and in accordance with the terms of any stock option plan or agreement under which such stock options were granted by the Company to Employee; and (iv) the additional compensation provided in Section 7(f) below, if any.
Companys Obligations Upon Termination. Upon the termination of the Executive’s employment with the Company, whether with or without cause or notice and whether initiated by the Executive or the Company, the Executive shall, in full discharge of all of the Company’s obligations to the Executive, be entitled to receive, and the Company’s sole obligation under this Agreement or otherwise shall be to pay or provide to the Executive, the following (collectively, the “Accrued Obligations”):
(a) the Executive’s earned, but unpaid, Base Salary through the final date of the Executive’s employment by the Company (the “Termination Date”), payable in accordance with the Company’s standard payroll practices;
(b) the Executive’s accrued, but unused, vacation (in accordance with the Company’s policies);
(c) expenses reimbursable under Section 3.2 above incurred on or prior to the Termination Date, but not yet reimbursed; and
(d) any amounts or benefits that are vested amounts or vested benefits or that the Executive is otherwise entitled to receive under any plan, program, policy or practice (with the exception of those, if any, relating to severance) on the Termination Date, in accordance with such plan, program, policy, or practice.
Companys Obligations Upon Termination. The sole obligations of the Company upon the termination of your employment are as set forth in this Section 7. Any and all amounts to be paid to you in connection with your termination shall be paid, at the Company's election, either: (a) in a lump sum promptly after the Termination Date, and not more than 30 days thereafter, or (b) as salary continuation for a period identified by the number of years' salary to be paid as severance.
Companys Obligations Upon Termination. Following the termination of your employment under the circumstances described below, the Company shall pay to you the following compensation and provide the following benefits in full satisfaction and final settlement of any and all claims and demands that you now have or hereafter may have against the Company in connection herewith:
(a) Termination Without Cause by the Company or with Good Reason by You or Failure by the Company to Extend your Term. In the event that your employment is terminated by the Company prior to the expiration of the initial term the company will pay you your base salary and health benefits for a minimum of eighteen months (18) of salary and health benefits. Lastly, if you are terminated due to the expiration of the Initial Term or any renewal term you will be entitled to the payment of your annual base salary and health benefits for a period of eighteen (18) months from the date of expiration, All compensation and benefits received are subject to an obligation on your part to obtain gainful or other employment during the severance period and provided that payments made during this period shall be reduced, on a dollar-for-dollar basis by the amount of any income generated by you in any capacity or in any position including, but not limited to, any income you earn as a employee, consultant, agent, representative, principal, officer, or director with any person or entity during such period. In addition, the Company shall reimburse you for any expenses incurred through the date of such termination in accordance with Section 3.6 hereof and (ii) you are entitled to retain all equity granted to you including vested as well as unvested shares in accordance with Section 3.3 hereof. You will have ten (10) years to exercise all options and ownership.
Companys Obligations Upon Termination. 5.1 Following the termination of the Agreement under the circumstances described below, the Company shall pay to the Contractor the following compensation and provide the following benefits in full satisfaction and final settlement of any and all claims and demands that you now have or hereafter may have against the Company in connection herewith:
(a) Termination Without Cause by the Company or with Good Reason by You or Failure by the Company to Extend your Term.
