Common use of Compensation Upon Termination for Cause Clause in Contracts

Compensation Upon Termination for Cause. If the Executive's employment is terminated by the Company for Cause, the Company shall pay the Executive his salary through the Date of Termination and the Company shall have no further obligations to the Executive under this Agreement.

Appears in 5 contracts

Samples: Executive Employment Agreement (Inhibitex Inc), Executive Employment Agreement (Inhibitex Inc), Executive Employment Agreement (Inhibitex Inc)

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Compensation Upon Termination for Cause. If Except as provided for in the last paragraph of Section 6(d) hereof, if the Executive's employment is shall be terminated by the Company for Cause, the Company shall pay the Executive his salary full salary, benefits and other compensation through the Date of Termination at the rate in effect at the time Notice of Termination is given and the Company shall have no further obligations to the Executive under this Agreement."

Appears in 4 contracts

Samples: Employment Agreement (Dixon Ticonderoga Co), Employment Agreement (Dixon Ticonderoga Co), Employment Agreement (Dixon Ticonderoga Co)

Compensation Upon Termination for Cause. If the Executive's ’s employment is terminated by the Company for Cause, the Company shall pay the Executive his salary through the Date of Termination as soon as practicable following termination of employment, but in no event more than two and one half months after the year in which his termination occurs, and the Company shall have no further obligations to the Executive under this Agreement.

Appears in 4 contracts

Samples: Executive Employment Agreement (Inhibitex, Inc.), Executive Employment Agreement (Inhibitex, Inc.), Executive Employment Agreement (Inhibitex, Inc.)

Compensation Upon Termination for Cause. If the Executive's ’s employment is terminated by the Company Corporation for Cause, the Company Corporation shall pay the Executive his salary Base Salary through the Date of Termination at the rate in effect at the time Notice of Termination is given and the Company Corporation shall have no further obligations to the Executive under this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Datascope Corp)

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Compensation Upon Termination for Cause. If the Executive's employment is terminated by the Company Corporation for Cause, the Company Corporation shall pay the Executive his salary Base Salary through the Date of Termination at the rate in effect at the time Notice of Termination is given and the Company Corporation shall have no further obligations to the Executive under this Agreement.. (b)

Appears in 1 contract

Samples: Employment Agreement Agreement (Datascope Corp)

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