Common use of Compensation Upon Termination for Any Reason Clause in Contracts

Compensation Upon Termination for Any Reason. Upon the Executive’s termination, the Company shall pay the Executive’s base salary and any accrued and unused vacation benefits earned through the effective date of termination at the rate in effect at the time of termination, less standard deductions and withholdings, and the Company shall thereafter have no further obligations to the Executive under this Agreement other than with respect to a termination covered by Section 4(c) and/or Section 4(d) hereof.

Appears in 7 contracts

Samples: Change in Control Severance Agreement (SGX Pharmaceuticals, Inc.), Change in Control Severance Agreement (SGX Pharmaceuticals, Inc.), Change in Control Severance Agreement (SGX Pharmaceuticals, Inc.)

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