Common use of During Transition Period Clause in Contracts

During Transition Period. The “Transition Period” shall be the period beginning on the Closing Date and ending on December 31, 2005. Medex shall pay in full the Compete Payment and the Bonus Payment, plus interest thereon at the prime rate as published in the Eastern edition of the Wall Street Journal from January 1, 2005 to the date of payment, on the earlier of (i) the date Medex terminates your employment, (ii) the termination of your employment for Good Reason or on account of your death or disability or (iii) so long as you remain employed with Medex during the entire Transition Period, December 31, 2005.

Appears in 4 contracts

Samples: Employment Agreement (Medvest Holdings Corp), Employment Agreement (Medvest Holdings Corp), Employment Agreement (Medvest Holdings Corp)

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