Common use of Compensation Upon Termination or Change of Control Clause in Contracts

Compensation Upon Termination or Change of Control. In all events, the Company will pay to the Executive all Base Salary and benefits accrued to the Executive through and including the Termination Date.

Appears in 7 contracts

Samples: Employment Agreement (Sunset Financial Resources Inc), Employment Agreement (Sunset Financial Resources Inc), Employment Agreement (Sunset Financial Resources Inc)

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Compensation Upon Termination or Change of Control. In all events, the Company will pay to the Executive all Base Salary and benefits accrued to the Executive through and including the Termination Date.. Additionally, the Executive shall be entitled to receive the “threshold” bonus (as set forth in the most recent compensation study obtained by the Board of Trust Managers of the Company or the compensation committee thereof) for the contract year during which the termination occurs, prorated through and including the date of termination. (a)

Appears in 2 contracts

Samples: Employment Agreement (Camden Property Trust), Employment Agreement (Camden Property Trust)

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