Common use of Consequences of Certain Involuntary Terminations Clause in Contracts

Consequences of Certain Involuntary Terminations. Except in the case ------------------------------------------------ of a discharge for cause, in the event that Xxxx Atlantic involuntarily discharges the Executive, or the Executive is "constructively discharged" (as hereinafter defined), prior to the end of the Committed Employment Period, then the Executive shall be entitled to receive, as liquidated damages, subject to signing and delivering the Release, an amount of cash equal to the compensation and benefits which he would have been entitled to receive had Xxxx Atlantic fulfilled its obligation to employ the Executive in accordance with the provisions of Section 3 of this Agreement, calculated and paid in accordance with paragraph (b) of this Section. In such a case, in addition to the liquidated damages described in the previous sentence, subject to signing and delivering the Release, the Executive shall be entitled to receive the benefits set forth in Sections 6 and 7 of this Agreement, but calculated as though the Executive had actually remained in active service with Xxxx Atlantic, earning the compensation described in Section 3 of this Agreement, until the end of the Committed Employment Period, with the payment of the cash separation benefit under Section 7 to be made within 30 days after the termination of employment date. Under the circumstances described in this paragraph, the Executive shall be subject to the non-compete covenants of this Agreement through the period ending on the second anniversary of the date of termination of the Executive's employment.

Consequences of Certain Involuntary Terminations. Except in the ------------------------------------------------ case ------------------------------------------------ of a discharge for cause, in the event that Xxxx Atlantic involuntarily discharges the ExecutiveKey Employee, or the Executive Key Employee is "constructively discharged" (as hereinafter defined), prior to the end of the Committed Employment Transition Period, then the Executive Key Employee shall be entitled to receive, as liquidated damages, subject to signing and delivering the Release, an amount of cash equal to the compensation and benefits which he would have been entitled to receive had Xxxx Atlantic fulfilled its obligation to employ and compensate the Executive Key Employee in accordance with the provisions of Section 3 Sections 2, 6, 7 and 8 of this Agreement, calculated and paid in accordance with paragraph (bd) of this Section. In such a case, in addition to the liquidated damages described in the previous sentence, subject to signing and delivering the ReleaseRelease described in Section 12(d), the Executive Key Employee shall be entitled to receive the benefits set forth in Sections 5, 6 and 7 of this Agreement, but calculated as though the Executive Key Employee had actually remained in active service with Xxxx Atlantic, earning the compensation described in Section 3 2 of this Agreement, until the end of the Committed Employment Transition Period, with the payment of the cash separation benefit under Section 7 to be made within 30 days after the termination of employment date. Under the circumstances described in this paragraph, the Executive Key Employee shall be subject to the non-compete covenants of this Agreement through the period ending on the second anniversary of the date of termination of the ExecutiveKey Employee's employment.

Consequences of Certain Involuntary Terminations. Except in ------------------------------------------------- the case ------------------------------------------------ of a discharge for cause, in the event that Xxxx Atlantic involuntarily discharges the ExecutiveKey Employee, or the Executive Key Employee is "constructively discharged" (as hereinafter defined), prior to the end of the Committed Employment Transition Period, then the Executive Key Employee shall be entitled to receive, as liquidated damages, subject to signing and delivering the Release, an amount of cash equal to the compensation and benefits which he would have been entitled to receive had Xxxx Atlantic fulfilled its obligation to employ and compensate the Executive Key Employee in accordance with the provisions of Section 3 Sections 2, 6, 7 and 8 of this Agreement, calculated and paid in accordance with paragraph (bd) of this Section. In such a case, in addition to the liquidated damages described in the previous sentence, subject to signing and delivering the ReleaseRelease described in Section 12(d), the Executive Key Employee shall be entitled to receive the benefits set forth in Sections 5, 6 and 7 of this Agreement, but calculated as though the Executive Key Employee had actually remained in active service with Xxxx Atlantic, earning the compensation described in Section 3 2 of this Agreement, until the end of the Committed Employment Transition Period, with the payment of the cash separation benefit under Section 7 to be made within 30 days after the termination of employment date. Under the circumstances described in this paragraph, the Executive Key Employee shall be subject to the non-non- compete covenants of this Agreement through the period ending on the second anniversary of the date of termination of the ExecutiveKey Employee's employment.