Effect of Termination - Payments Sample Clauses

Effect of Termination - Payments. Upon termination of this Agreement, all accrued fees shall become immediately due and payable, and the obligation to make Minimum Revenue payments shall cease as of the effective date of termination. Payment by AXP of the Sixteen Quarterly Payments, as defined on Exhibit C, shall continue in accordance with the Schedule therefor set forth on Exhibit C.
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Effect of Termination - Payments. Employee agrees and acknowledges that upon Employee's termination of employment with the Company pursuant to Section 6 of this Agreement, Employee shall only be entitled to the severance payments and benefits (including stock option vesting), if any, specified in Section 6 or in the applicable stock option agreements and such severance payments and benefits shall be in lieu of all other severance payments and benefits which might otherwise be payable to Employee by the Company.
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Effect of Termination - Payments. The payments and benefits (if any) required to be provided to the Executive under this Section 10 shall be in complete satisfaction of any claims that the Executive may have as a result of termination of the Executive's employment; provided, however the termination of this Agreement pursuant to Section 8 shall not terminate or limit the right of the Executive (or his beneficiaries) to receive amounts of Base Salary, unreimbursed expenses, additional compensation or benefits, if any, accrued but unpaid or vested as of the Date of Termination, including the Retirement Payment.
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Effect of Termination - Payments. Upon termination, Axius shall pay contractor for all hours actually performed by Subvendor up to and including the date of termination for which the Client has signed a timecard and for which Subvendor has submitted an invoice and for which Client has paid Axius. Under no circumstances shall Axius be liable to the contractor for incidental, special, or consequential damages arising from the termination of this Agreement prior to the end of the Work Order. 4 Initial and Date __ v.2;10.10.2006
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Effect of Termination - Payments. (i) In the event that Executive's employment hereunder terminates for any reason, the Company shall pay to Executive (or to his beneficiary in the event of his death) all accrued but unpaid Salary, and all unreimbursed expenses, through the date of termination. (ii) In the event that the Company terminates Executive's employment hereunder without Cause pursuant to Section 6(c), or if the Executive resigns for Good Reason as provided by Section 6(c), in addition to the amounts set forth in Section 6 (d)(i), the Company shall continue to pay Executive, until the termination of the Restricted Period (as defined in Section 7 (a)), the Salary (less any applicable withholding or similar taxes) at the rate in effect hereunder on the date of such termination periodically, in accordance with the Company's prevailing payroll practices, together with the average amount of any Bonus the Executive has received, over the last two (2) years preceding the year of such termination (collectively the "Compensation"); provided, that in the event that the Company gives the Executive a written notice waiving and releasing its rights under Section 7(a) of this Agreement (the "Waiver Notice"), the Executive shall not be entitled to receive Compensation after such Waiver Notice. In the event that the Company terminates the Executive for Cause, and there is a final judicial determination that there was not Cause for such termination as defined above in Section 6(c), then the Executive shall be entitled to receive the Compensation for such periods of time within the Restricted Period that he is not engaging in competition prohibited by Section 7, unless or until the Company gives the Executive a Waiver Notice. (iii) In the event Executive accepts other employment or engages in his own business prior to the last date of the period referenced in Section 6 (d)(ii), Executive shall forthwith notify the Company, and the Company shall be entitled to set off from amounts due Executive under Section 6 (d)(ii), fifty percent (50%) of the amounts paid to Executive in respect of such other employment or business activity. (iv) In no event shall a liquidation, dissolution or winding up of the Company create an obligation on the part of the Company hereunder to pay to Executive any amount in addition to amounts set forth in Section 6 (d)(i). (v) Upon any termination of this Agreement, all of the rights, privileges and duties of Executive hereunder shall cease, except for his rights under this Se...
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Effect of Termination - Payments. Executive agrees and acknowledges that upon Executive’s termination of employment with the Company pursuant to Section 5 of this Agreement, Executive shall only be entitled to the severance payments and benefits, if any, specified in Section 5 and such severance payments and benefits shall be in lieu of all other severance payments and benefits which might otherwise be payable to Executive by the Company. Executive’s entitlement to the severance payments and benefits described in Section 5.1(a) or 5.1(c) shall be contingent on his execution of a separation agreement and release, substantially in material terms to that attached hereto as Exhibit B.
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Related to Effect of Termination - Payments

  • Termination Effect of Termination 41 Section 8.01. Termination............................................................. 41 Section 8.02. Effect of Termination................................................... 42

  • Effect of Termination Upon any expiration of the Term or termination of this Agreement, the obligations and rights of the parties hereto shall cease, provided that such expiration or termination of this Agreement shall not relieve the parties of any obligation or breach of this Agreement accruing prior to such expiration or termination, including, without limitation, all accrued payment obligations arising under Article 6. In addition, Article 5, Article 7, Section 2.12, Section 4.5, and this Section 4.6 shall survive the expiration or termination of this Agreement. For the avoidance of doubt, the rights of Registry Operator to operate the registry for the TLD shall immediately cease upon any expiration of the Term or termination of this Agreement.

  • Effect of Termination on Compensation In the event of the termination of this Agreement prior to the completion of the term of employment specified in Article 1, the Employee shall be entitled to the compensation earned by the Employee prior to the effective date of termination as provided for in this Agreement, computed pro rata up to and including that date. Except as otherwise provided in this Agreement, the Employee shall be entitled to no further compensation after the date of termination.

  • Notice of Termination; Effect of Termination Any termination of this Agreement under Section 7.1 above will be effective immediately upon the delivery of written notice of the terminating party to the other parties hereto. In the event of the termination of this Agreement as provided in Section 7.1, this Agreement shall be of no further force or effect, except (i) as set forth in this Section 7.2, Section 7.3 and Article 8 (miscellaneous), each of which shall survive the termination of this Agreement, and (ii) nothing herein shall relieve any party from liability for any willful breach of this Agreement. No termination of this Agreement shall affect the obligations of the parties contained in the Confidentiality Agreement, all of which obligations shall survive termination of this Agreement in accordance with their terms.

  • Effect of Termination of Agreement Upon the Termination Date or the Expiration Date, as applicable, any amounts then owing by a Party to the other Party shall become immediately due and payable and the then future obligations of Customer and Provider under this Agreement shall be terminated (other than the indemnity obligations set forth in Section 13). Such termination shall not relieve either Party from obligations accrued prior to the effective date of termination or expiration.

  • Effect of Termination Notice Where Network Rail or the Train Operator has served a Termination Notice on the other: (a) the service of the Termination Notice shall not affect the parties’ continuing obligations under this contract up to the date of termination, which date shall be determined in accordance with paragraph 3.4(c); (b) the party which has served the Termination Notice shall withdraw it by notice to the other party, upon being reasonably satisfied that the relevant Event of Default has been remedied; and (c) this contract shall terminate on the later of: (i) the date and time specified in the Termination Notice for the contract to terminate (or such later date and time as the party which served the Termination Notice notifies to the other before the date and time so specified); and (ii) the date on which a copy of the Termination Notice is given to XXX.

  • Termination and Effect of Termination This Agreement shall terminate upon the date on which no Holder holds any Registrable Securities, except for the provisions of Sections 3.9 and 3.10, which shall survive any such termination. No termination under this Agreement shall relieve any Person of liability for breach or Registration Expenses incurred prior to termination. In the event this Agreement is terminated, each Person entitled to indemnification rights pursuant to Section 3.9 hereof shall retain such indemnification rights with respect to any matter that (i) may be an indemnified liability thereunder and (ii) occurred prior to such termination.

  • Effects of Termination In the event of any termination of this Agreement as provided in Section 5.1, this Agreement (other than Section 3.2(b), this Section 5.2 and ARTICLE VI (other than Sections 6.1 and 6.2) and all applicable defined terms, which shall remain in full force and effect) shall forthwith become wholly void and of no further force and effect; provided that nothing herein shall relieve any party from liability for willful breach of this Agreement.

  • Termination and Termination Pay Subject to Section 12 of this Agreement, Executive’s employment under this Agreement may be terminated in the following circumstances:

  • Termination and Termination Benefits Notwithstanding the provisions of Section 3, the Executive's employment under this Agreement shall terminate under the following circumstances set forth in this Section 6.

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