Compensation Upon Termination of the Employment Period Sample Clauses

Compensation Upon Termination of the Employment Period. Upon termination of the Employment Period, the Company shall (i) pay as soon as practicable thereafter to the Executive, or if he is deceased, to the Kenneth & Kimberly Whipple Irrev Trust U/A/D 12/21/00, IAA DTD 3/7/2001, xxx xf pxxxxxx xx xxx xxust is not poxxxxxx xxx xxx xxxxon, then to the Executive's estate, a lump sum in cash equal to any Cash Base Salary under Section 5(a)(i) which has been earned but not yet paid, and reimbursement of any expenses incurred by the Executive in respect of periods through the date of termination, (ii) pay as soon as practicable thereafter to the Executive, or if he is deceased, to the aforementioned trust, and if payment to the trust is not possible for any reason, then to the Executive's estate, any incentive compensation under Section 5(b) that has yet to be converted to cash and paid to Executive, and any restricted phantom stock units under Section 5(c) that have yet to vest and been paid to Executive in cash and (iii) pay to the Executive, or if he is deceased to the aforementioned trust, and if payment to the trust is not possible for any reason, then to the Executive's estate, the cash payments specified in settlement of Stock Units at the times otherwise provided herein in Section 5(a)(ii)(6). No new grants pursuant to Section 5(a)(ii) of this Agreement shall be made to Executive following the termination of this Agreement pursuant to Section 6. When this section of the Agreement is invoked in order to convert Stock Units and restricted phantom stock units under Section 5(c) to cash, the conversion shall be based upon the closing price of a share of Common Stock on the last trading day of the month immediately preceding the month in which the conversion is taking place.
Sample 1
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Compensation Upon Termination of the Employment Period. The following applies in the event Employee’s employment is terminated for any reason while this Agreement is in effect.
Sample 1
Compensation Upon Termination of the Employment Period. Upon termination of the Employment Period, in addition to any amounts awarded to the Executive pursuant to Section 5(b) hereof, the Company shall pay to the Executive (or the Executive's legal representative or estate, as the case may be), as soon as practicable thereafter, a lump sum in cash equal to any Cash Base Salary under Section 5(a)(i) which has been earned but not yet paid, any accrued but unpaid incentive compensation and reimbursement of any expenses incurred by the Executive in respect of periods through the date of termination, and shall deliver the cash payments specified in settlement of Stock Units at the times otherwise provided herein in Section 5(a)(ii)(6).
Sample 1

Related to Compensation Upon Termination of the Employment Period

  • Compensation Upon Termination of Employment If the Executive’s employment hereunder is terminated, in accordance with the provisions of Article III hereof, and except for any other rights or benefits specifically provided for herein to be effective following the Executive’s period of employment, the Company will provide compensation and benefits to the Executive only as follows:

  • Early Termination of the Employment Period Notwithstanding Section 1(b) hereof, the Employment Period shall end upon the earliest to occur of (i) a Termination For Cause, (ii) a Termination Without Cause, (iii) a Voluntary Termination, (iv) a Termination Due to Retirement, (v) a Termination Due to Disability, or (vi) a Termination Due to Death.

  • Compensation Upon Termination Upon termination of Executive’s employment during the Employment Term, Executive shall be entitled to the following benefits:

  • Severance Compensation upon Termination of Employment If the Company shall terminate the Executive’s employment other than pursuant to Section 5(a), (b) or (c) or if the Executive shall terminate his employment for Good Reason, then the Company shall pay to the Executive as severance pay in a lump sum, in cash, on the fifth day following the Date of Termination, an amount equal to three (3) times the average of the aggregate annual compensation paid to the Executive during the three (3) fiscal years of the Company immediately preceding the Change of Control by the Company subject to United States income taxes (or, such fewer number of fiscal years if the Executive has not been employed by the Company during each of the preceding three (3) fiscal years).

  • Severance Compensation upon Termination Subject to the provisions of Section 10 hereof, in the event of the Employee’s Termination upon a Change of Control, the Company shall pay to the Employee, within fifteen (15) days after the Termination Date (or as soon as possible thereafter in the event that the procedures set forth in paragraph (b) of Section 11 hereof cannot be completed within fifteen (15) days) an amount in cash equal to three (3) times the sum of the Employee’s Base Salary in effect either immediately prior to the Separation from Service or immediately prior to the Change of Control, whichever is higher.

  • Expiration of the Employment Period If Executive’s employment terminates by reason of the expiration of the Employment Period pursuant to Section 1 as a result of the Company’s or Executive’s non-extension, then the Company will provide Executive with the Accrued Obligations. Thereafter, the Company Group shall have no further obligation to Executive or Executive’s legal representatives.

  • Compensation and Benefits Upon Termination of Employment (a) If the Company shall terminate the Executive's employment after a Change in Control other than pursuant to Section 3(b), 3(c) or 3(d) and Section 3(f), or if the Executive shall terminate his employment for Good Reason, then the Company shall pay to the Executive, as severance compensation and in consideration of the Executive's adherence to the terms of Section 5 hereof, the following:

  • Benefits Upon Termination of Employment If the Executive is entitled to benefits pursuant to this Section 2, the Company agrees to pay or provide to the Executive as severance payment, the following:

  • Payments Upon Termination of Employment (a) If Executive’s employment with the Company is terminated by reason of:

  • Compensation Upon Termination or During Disability In the event Executive is disabled or his employment terminates during the Employment Period, the Company shall provide Executive with the payments and benefits set forth below. Executive acknowledges and agrees that the payments set forth in this Section 8 constitute liquidated damages for termination of his employment during the Employment Period.

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