FINAL COMPENSATION PAYMENTS Sample Clauses

FINAL COMPENSATION PAYMENTS. DCOF's obligation to pay the Employee's compensation package pursuant to Section 3.1 above shall terminate as of the last day of the Initial Term, or as of the last day of any Renewal Term if this Agreement is extended or renewed by the mutual written agreement of the parties hereto, or on the day properly specified in any notice of termination issued pursuant to any of the preceding paragraphs of this Section 7.
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FINAL COMPENSATION PAYMENTS. PANORAMIC's obligation to pay Employee's base salary pursuant to Section 3(a) shall terminate as of the last day of the Initial Term, or as of the last day of any Renewal Term if this Agreement is properly specified in any notice of termination issued pursuant to any of the preceding subsections of this Section 8. Employee shall not be entitled to receive incentive compensation pursuant to Section 3(b) for fiscal year in which employment is terminated if employment is terminated for cause pursuant to subsection (a) of this Section 8.
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FINAL COMPENSATION PAYMENTS. First Scientific's obligation to pay the Employee's compensation package pursuant to Section 3.1 above shall terminate as of the last day of the Initial Term, or as of the last day of any Renewal Term if this Agreement is extended or renewed by the mutual written agreement of the parties hereto, or on the day properly specified in any notice of termination issued pursuant to any of the preceding paragraphs of this Section 7.
Sample 1
FINAL COMPENSATION PAYMENTS. The Company's obligation to pay the Employee's base salary pursuant to Section 3(a) above shall terminate as of the last day of the Initial Term (or as of the last day of any Renewal Term if this Agreement is extended or renewed as provided by Section 2(b) above) or on the day properly specified in any notice of termination issued pursuant to any of the preceding paragraphs of this Section 7 or pursuant to Section 8 below.
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FINAL COMPENSATION PAYMENTS. The Company’s obligation to pay the Employee’s base salary pursuant to Section 3 shall terminate upon the Employee’s termination for cause, the Employee’s retirement or the Employee’s voluntary termination of employment with the Company. Any accrued but unpaid salary and vacation pay due the Employee at the time of such termination of employment shall be paid at that time. To the extent the Employee is, at the time of such termination of employment, participating in one or more deferred compensation arrangements subject to Section 409A of the Code (including, without limitation, the Deferred Compensation Agreement), the payments and benefits provided under those arrangements shall continue to be governed by, and to become due and payable in accordance with, the specific terms and conditions of those arrangements, and nothing in this Employment Agreement shall be deemed to modify or alter those terms and conditions.
Sample 1
FINAL COMPENSATION PAYMENTS. The Company's obligation to pay the Employee's base salary pursuant to Section 3 shall terminate as of the last day of the Initial Term (May 31, 2000), or as of the last day of any Renewal Term if this Employment Agreement is continued by the mutual agreement of the parties, or on the day properly specified in any notice of termination issued pursuant to any of the preceding paragraphs of this Section. Employee shall not be entitled to receive any bonus pursuant to Section 3(b) for the year in which his employment is terminated if his employment is terminated for "cause" pursuant to Section 7(a). In all other cases in which Employee's employment is terminated by the Company pursuant to this Section, any non-discretionary bonus due to the Employee pursuant to the Company's Bonus Plan shall be prorated based on the number of months or fractions thereof worked by Employee prior to the termination. "Non-discretionary bonus" means a bonus that, under the Company's Bonus Plan, is not determined or awarded at the discretion of management or the board, but is granted pursuant to a structured schedule.
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Related to FINAL COMPENSATION PAYMENTS

  • Final Compensation In the event of termination of the Executive’s employment with the Company, howsoever occurring, the Company shall pay the Executive (i) the Base Salary for the final payroll period of his employment, through the date his employment terminates; (ii) compensation at the rate of the Base Salary for any vacation time earned but not used as of the date his employment terminates; and (iii) reimbursement, in accordance with Section 2(e) hereof, for business expenses incurred by the Executive but not yet paid to the Executive as of the date his employment terminates, provided that the Executive submits all expenses and supporting documentation required within sixty (60) days of the date his employment terminates, and provided further that such expenses are reimbursable under Company policies then in effect (all of the foregoing, “Final Compensation”). Except as otherwise provided in Section 5(a)(iii), Final Compensation will be paid to the Executive within thirty (30) days following the date of termination or such shorter period required by law.

  • Compensation Payable If the Servicer shall resign or be terminated, the Servicer shall continue to be entitled to all accrued and unpaid compensation payable to the Servicer through the date of such termination as specified in Section 4.09 of this Agreement.

  • Retention Payments (a) In the event that Executive is employed by the Company on January 1, 2002, Executive shall be entitled to a lump sum cash retention payment equal to 150% of the sum of (i) Executive's Base Salary and (ii) Executive's target annual bonus, each as in effect for the 2001 fiscal year (such sum, the "2002 Retention Bonus").

  • Termination Payments In the event of termination of the Executive’s employment during the Employment Period, all compensation and benefits set forth in this Agreement shall terminate except as specifically provided in this Section 8.

  • Separation Payments Following Executive’s separation from service with Company on or after his Vesting Date (as defined in Section 7), Company shall pay to Executive the sum of THIRTY-FOUR THOUSAND TWO HUNDRED SEVEN and 04/100 Dollars ($34,207.04) per month, beginning six months and one week after Executive’s date of separation for a period of ten (10) years, or until Executive’s death, whichever first occurs (the “Separation Payments”). Such payments shall be subject to any and all applicable withholding, Social Security, employment, income and other taxes or assessments, if any, under the applicable tax law. If Executive should die during the ten-year period during which payments are being made under this Paragraph 3, then those payments shall terminate and future payments, if any, shall be made to Executive’s designated beneficiary(ies) or Executive’s estate in accordance with the provisions of Paragraph 4 of this Agreement.

  • Incentive Payments (i) Amount in the Event of a Termination Pursuant to Sections 7(a) or 7(c). In the event of a termination pursuant to Sections 7(a) or 7(c) of this Agreement, Employee shall be offered the opportunity to receive Incentive Payments in a total amount equal to 0.500 times the sum of Employee’s most recent annual base salary and target bonus, payable in equal installments on the same pay schedule in effect at the time of termination over a period of twelve (12) months from the date of termination.

  • Separation Payment Except with respect to the Accrued Benefits as defined in the Employment Agreement, if you sign this Agreement, agreeing to be bound by the General Release in Paragraph 3 below and the other terms and conditions of this Agreement described below, and comply with the requirements of this Paragraph 2 (other than the Accrued Benefits), you will receive the compensation and benefits as contemplated by the Employment Agreement. You will not be eligible for the payment and benefits described in this Paragraph 2 unless: (i) you sign this Agreement no later than twenty-one (21) days after you receive it, promptly return the Agreement to the Company after you sign it, and do not timely revoke it; and (ii) you have returned all Company property and documents in accordance with Paragraph 15 below.

  • Retention Payment If Employee remains employed by Company or its subsidiaries on the first anniversary of the Closing Date, then Company shall pay to Employee in a lump sum within five (5) business days thereafter, an amount equal to $460,000 (the “Retention Payment”).

  • Cash Severance Payment Provided that Executive complies with Section 5 below, Executive shall receive a lump sum cash payment in an amount equal to fifteen (15) months of Executive’s the effective base salary (less applicable withholding), paid within ten (10) business days of the effective date of the Termination Upon a Change of Control.

  • Payment of Compensation Subject to the provisions of this paragraph, payment of the Subadviser's compensation for the preceding month shall be made within 15 days after the end of the preceding month.

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