Common use of Compensation Upon Termination for Cause Clause in Contracts

Compensation Upon Termination for Cause. If the Employment Term shall be terminated “for cause,” as provided in Subsection (a) of Section 5 herein, the Company shall have no further liability under this Agreement except to pay Xx. Xxxxxx (i) the value of any accrued salary or other compensation due to Xx. Xxxxxx pursuant to Section 2 herein (including any earned and awarded but unpaid bonus payment, subject to set-off of amounts owed to the Company, but excluding any deferred bonus payments based upon quarterly Fiscal Year performance) upon the date of delivery of Notice of Termination to Xx. Xxxxxx, at the rate in effect at the time such Notice of Termination is delivered, and (ii) any benefits payable under all employee benefit plans, programs and arrangements of Sento in which Xx. Xxxxxx is a participant on the date of delivery of Notice of Termination.

Appears in 1 contract

Samples: Employment Agreement (Sento Corp)

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Compensation Upon Termination for Cause. If the Employment Term shall be terminated "for cause," as provided in Subsection (a) of Section 5 herein, the Company shall have no further liability under this Agreement except to pay Xx. Xxxxxx X'Xxxx (i) the value of any accrued salary or other compensation due to Xx. Xxxxxx X'Xxxx pursuant to Section 2 herein (including any earned and awarded but unpaid bonus payment, subject to set-off of amounts owed to the Company, but excluding any deferred bonus payments based upon quarterly Fiscal Year performance) upon the date of delivery of Notice of Termination to Xx. XxxxxxX'Xxxx, at the rate in effect at the time such Notice of Termination is delivered, and (ii) any benefits payable under all employee benefit plans, programs and arrangements of Sento in which Xx. Xxxxxx X'Xxxx is a participant on the date of delivery of Notice of Termination.

Appears in 1 contract

Samples: Sento Corporation Employment Agreement (Sento Corp)

Compensation Upon Termination for Cause. If the Employment Term shall be terminated "for cause," as provided in Subsection (a) of Section 5 herein, the Company shall have no further liability under this Agreement except to pay Xx. Xxxxxx Mr. Sansone (i) the value of any accrued salary xxxxxxx xxxary or other compensation due to Xx. Xxxxxx Mr. Sansone pursuant to Section 2 herein xxxxxx (including xxcluding any earned and awarded but unpaid bonus payment, subject to set-off of amounts owed to the Company, but excluding any deferred bonus payments based upon quarterly Fiscal Year performance) upon the date of delivery of Notice of Termination to Xx. XxxxxxMr. Sansone, at the rate in effect at the time effecx xx xxx xxme such Notice of Termination is delivered, and (ii) any benefits payable under all employee benefit plans, programs and arrangements of Sento in which Xx. Xxxxxx Mr. Sansone is a participant on the date of txx xxxx xx delivery of Notice of Termination.

Appears in 1 contract

Samples: Sento Corporation Employment Agreement (Sento Corp)

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Compensation Upon Termination for Cause. If the Employment Term shall be terminated "for cause," as provided in Subsection (a) of Section 5 herein, the Company shall have no further liability under this Agreement except to pay Xx. Xxxxxx Mr. Fulling (i) the value of any accrued salary xxxxxxx xxxary or other compensation due to Xx. Xxxxxx Mr. Fulling pursuant to Section 2 herein xxxxxx (including xxcluding any earned and awarded but unpaid bonus payment, subject to set-off of amounts owed to the Company, but excluding any deferred bonus payments based upon quarterly Fiscal Year performance) upon the date of delivery of Notice of Termination to Xx. XxxxxxMr. Fulling, at the rate in effect at the time effecx xx xxx xxme such Notice of Termination is delivered, and (ii) any benefits payable under all employee benefit plans, programs and arrangements of Sento in which Xx. Xxxxxx Mr. Fulling is a participant on the date of txx xxxx xx delivery of Notice of Termination.

Appears in 1 contract

Samples: Sento Corporation Employment Agreement (Sento Corp)

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