Common use of Effect on Compensation Clause in Contracts

Effect on Compensation. Section 8.05. In the event that this agreement is terminated prior to the completion of the term of employment specified herein, Employee shall be entitled to the compensation earned by and vested in him prior to the date of termination as provided for in this agreement, computed pro rata up to and including that date. Employee shall be entitled to no further compensation as of the date of termination.

Appears in 3 contracts

Samples: Employment Contract (Bikers Dream Inc), Employment Contract (Discovery Investments Inc), Employment Contract (World Wide Magic Net Inc)

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Effect on Compensation. Section 8.05. In the event that this agreement is terminated prior to the completion of the term of employment specified herein, Employee shall be entitled to the compensation earned by and vested in him prior to the date of termination as provided for in this agreement, computed pro pro-rata up to and including that date. Employee shall be entitled to no further compensation or benefits as of the date of termination, except as hereinabove set forth.

Appears in 1 contract

Samples: Employment Agreement (Westmark Group Holdings Inc)

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