Common use of Disqualifying Termination Clause in Contracts

Disqualifying Termination. In the event of a Disqualifying Termination, the Executive shall not be entitled to any payments or benefits after the date of such termination, except for (i) payments or extensions of benefits required under applicable laws and (ii) payments of compensation and reimbursement of expenses (in accordance with the terms hereof and the Company’s customary and reasonable practices) properly accrued as of such date.

Appears in 3 contracts

Samples: Executive Employment Agreement (Independence Holding Co), Executive Employment Agreement (Independence Holding Co), Executive Employment Agreement (Independence Holding Co)

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Disqualifying Termination. In the event of a Disqualifying Termination, the Executive shall not be entitled to any payments or benefits after the date of such termination, except for (i) payments or extensions of benefits required under applicable laws and (ii) payments of compensation and reimbursement of expenses (in accordance with the terms hereof and the Company’s customary and reasonable practices) properly accrued as of such date.

Appears in 1 contract

Samples: Executive Employment Agreement (Independence Holding Co)

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