Definition of Compensation. For purposes of termination, compensation at the time of termination shall be deemed to include accrued sick and vacation and salary through the effective date of termination, plus any and all benefits normally granted by Employer to Employees upon termination.
Appears in 7 contracts
Samples: Employment Agreement (Trak Auto Corp), Employment Agreement (Crown Books Corp), Employment Agreement (Dart Group Corp)
Definition of Compensation. For purposes of termination, compensation at the time of termination shall be deemed to be base compensation, exclusive of any bonuses or stock options available to employee. As used in this Section 7, the term compensation shall also include accrued sick and vacation and salary through the effective date of termination, plus any and all benefits normally granted by Employer to Employees upon termination.
Appears in 3 contracts
Samples: Employment Agreement (Crown Books Corp), Employment Agreement (Crown Books Corp), Employment Agreement (Crown Books Corp)
Definition of Compensation. For purposes of termination, compensation at the time of termination shall be deemed to be base compensation, and any bonuses or stock options available to employee. If Employee is being terminated as described in Section 7(d), the compensation shall be deemed to be base compensation exclusive of any bonuses and stock options. As used in this Section 7, the term compensation shall also include accrued sick and vacation and salary through the effective date of termination, plus any and all benefits normally granted by Employer to Employees upon termination.
Appears in 1 contract
