Common use of Continued Compensation Clause in Contracts

Continued Compensation. Should Executive's employment by Company be terminated without Cause, Executive shall receive as a lump sum immediately upon such termination of the total amount of his Base Salary for the remainder of the Initial Term or Renewal Terms, if later, less 90 days, determined as if the employment of the Executive had not been terminated prior to the end of such term and as if the Executive had continued to perform all of his obligations under this Agreement and as an employee and officer of the Company. Executive shall have no duty to mitigate damages in order to receive the compensation described by this Subsection and the compensation shall not be reduced or offset by other income, payments or profits received by Executive from any source.

Appears in 3 contracts

Samples: Employment Agreement (Insight Enterprises Inc), Employment Agreement (Insight Enterprises Inc), Employment Agreement (Insight Enterprises Inc)

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Continued Compensation. Should Executive's ’s employment by Company be terminated without Cause, Executive shall receive as a lump sum immediately upon such termination of the total amount of his Base Salary for the remainder of the Initial Term or Renewal Terms, if later, less 90 days, determined as if the employment of the Executive had not been terminated prior to the end of such term and as if the Executive had continued to perform all of his obligations under this Agreement and as an employee and officer of the Company. Executive shall have no duty to mitigate damages in order to receive the compensation described by this Subsection and the compensation shall not be reduced or offset by other income, payments or profits received by Executive from any source.

Appears in 3 contracts

Samples: Employment Agreement (Insight Enterprises Inc), Employment Agreement (Insight Enterprises Inc), Employment Agreement (Insight Enterprises Inc)

Continued Compensation. Should Executive's employment by Company be terminated without Cause, Executive shall receive as a lump sum immediately upon such termination of the total amount of his Base Salary for the remainder of the Initial Term or Renewal Terms, if later, less 90 days, determined as if the employment of the Executive had not been terminated prior to the end of such term and as if the Executive had continued to perform all of his obligations under this Agreement and as an employee employee, officer, and officer director of the Company. Executive shall have no duty to mitigate damages in order to receive the compensation Compensation described by this Subsection and the compensation Compensation shall not be reduced or offset by other income, payments or profits received by Executive from any source.

Appears in 2 contracts

Samples: Employment Agreement (Insight Enterprises Inc), Employment Agreement (Insight Enterprises Inc)

Continued Compensation. Should Executive's ’s employment by Company be terminated without CauseCause before Executive’s completion of the Initial Term, Executive shall receive as a lump sum immediately upon such termination of the total amount of two (2) times his Base Salary, less ninety (90) days. Should Executive’s employment by Company be terminated after completion of the Initial Term, Executive shall receive a lump sum immediately upon such termination of the total amount of his Base Salary for the remainder of the Initial Term or Renewal Terms, if laterTerm, less 90 days, determined as if the employment of the Executive had not been terminated prior to the end of such term and as if the Executive had continued to perform all of his obligations under this Agreement and as an employee and officer of the Company. Executive shall have no duty to mitigate damages in order to receive the compensation described by this Subsection and the compensation shall not be reduced or offset by other income, payments or profits received by Executive from any source.

Appears in 1 contract

Samples: Employment Agreement (Insight Enterprises Inc)

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Continued Compensation. Should Executive's employment by Company be terminated without Cause, Executive shall receive as a lump sum immediately upon such termination of the total amount of his Base Salary for the remainder of the Initial Term or Renewal Terms, if later, less 90 days, determined as if the employment of the Executive had not been terminated prior to the end of such term and as if the Executive had continued to perform all of his obligations under this Agreement and as an employee and officer of the Company. EXHIBIT 10.45 Executive shall have no duty to mitigate damages in order to receive the compensation described by this Subsection and the compensation shall not be reduced or offset by other income, payments or profits received by Executive from any source.

Appears in 1 contract

Samples: Employment Agreement (Insight Enterprises Inc)

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