Common use of Effect of Termination on Compensation Clause in Contracts

Effect of Termination on Compensation. In the event of the termination of this Agreement for other than cause prior to the completion of the Initial Consulting Period, Consultant shall be entitled to the compensation earned and to the rights under the option vesting prior to the date of termination as provided for in this Agreement, computed pro rata up to and including that date. Consultant shall be entitled to no further compensation after the date of termination.

Appears in 3 contracts

Samples: Consulting Agreement (Dac Technologies Group International Inc), Consulting Agreement (Imaging Diagnostic Systems Inc /Fl/), Consulting Agreement (Imaging Diagnostic Systems Inc /Fl/)

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Effect of Termination on Compensation. In the event of the termination of this Agreement Other Than for other than cause Cause prior to the completion expiration of the Initial Consulting Period, Consultant shall be entitled to the compensation earned earned, and to exercise by appropriate payment therefore the rights under the option vesting Option Shares exercisable prior to the date of termination as provided for in this Agreement, computed pro rata up to and including that date. Consultant shall be entitled to no further compensation after the date of termination.

Appears in 1 contract

Samples: Consulting Agreement (Hart Industries Inc)

Effect of Termination on Compensation. In the event of the termination of this Agreement Other Than for other than cause Cause prior to the completion expiration of the Initial Consulting Period, Consultant shall be entitled to the compensation earned earned, and to exercise by appropriate payment therefore the rights under the option vesting Option Shares exercisable prior to the date of termination as provided for in this Agreement, computed pro rata up to and including that date. Consultant shall be entitled to no further compensation after the date of termination.. [TOEN\AGR:DONGCON.AGR]

Appears in 1 contract

Samples: Consulting Agreement (Toen Group Inc)

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Effect of Termination on Compensation. In the event of the termination of this Agreement for other than cause prior to the completion of the Initial Consulting Period, Consultant shall be entitled to the compensation earned and to the rights under the option vesting prior to the date of termination as provided for in this Agreement, computed pro rata up to and including that date. Consultant shall be entitled to no further compensation after the date of termination.

Appears in 1 contract

Samples: Consulting Agreement (Imaging Diagnostic Systems Inc /Fl/)

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