Common use of General Terms of Termination Clause in Contracts

General Terms of Termination. Executive's employment relationship with Company will terminate on [ ] (the "Separation Date"). Executive understands and acknowledges that through and including the Separation Date, that all of Company's human resources policies and practices remain in effect, and that Executive will continue to receive current base salary and will be entitled to participate in the same employee benefit and incentive compensation plans/programs as other similarly situated employees, subject to any restriction, limitation and discretionary authority specified in such plans and programs.

Appears in 4 contracts

Samples: Separation and General Release Agreement (Evans & Sutherland Computer Corp), Separation and General Release Agreement (Evans & Sutherland Computer Corp), Separation and General Release Agreement (Evans & Sutherland Computer Corp)

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General Terms of Termination. Executive's ’s employment relationship with Company will terminate on [ ] (the "Separation Date")”) in accordance with Section 6(b) of the Employment Agreement. Executive understands and acknowledges that through and including the Separation Date, that all of Company's ’s human resources policies and practices remain in effect, and that Executive will continue to receive current base salary and will be entitled to participate in the same employee benefit and incentive compensation plans/programs as other similarly situated employees, subject to any restriction, limitation and discretionary authority specified in such plans and programs.

Appears in 3 contracts

Samples: Employment Agreement (Evans & Sutherland Computer Corp), Employment Agreement (Evans & Sutherland Computer Corp), Employment Agreement (Evans & Sutherland Computer Corp)

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