Involuntary Termination; Termination For Good Cause. If the --------------------------------------------------- Executive's employment is terminated under the provisions of Sections 1.9(A) or 1.10(B), the Executive shall receive in a lump sum payment an amount equal to the sum of clauses (i) through (iii) in Section 1.11(A), and, in addition, twelve (12) months of salary under Section 1.7(A) computed with reference to the annual salary in effect immediately preceding the date of termination. All other employee benefits and compensation, including any incentive benefits for the year in which the Term of Employment ends, shall cease on the last day on which the Executive performs services as an employee of the Company except to the extent that continued coverage is required by law.
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Samples: Employment Agreement (Vallicorp Holdings Inc), Employment Agreement (Vallicorp Holdings Inc), Employment Agreement (Vallicorp Holdings Inc)
Involuntary Termination; Termination For Good Cause. If the --------------------------------------------------- Executive's employment is terminated under the provisions of Sections 1.9(A) or 1.10(B), the Executive shall receive in a lump sum payment an amount equal to the sum of clauses (i) through (iii) in Section 1.11(A), and, in addition, twelve eighteen (1218) months of salary under Section 1.7(A) computed with reference to the annual salary in effect immediately preceding the date of termination. All other employee benefits and compensation, including any incentive benefits for the year in which the Term of Employment ends, shall cease on the last day on which the Executive performs services as an employee of the Company except to the extent that continued coverage is required by law.
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Involuntary Termination; Termination For Good Cause. If the --------------------------------------------------- Executive's employment is terminated under the provisions of Sections 1.9(A) or 1.10(B), the Executive shall receive in a lump sum payment an amount equal to the sum of clauses (i) through (iii) in Section 1.11(A), and, in addition, twelve thirty-six (1236) months of salary under Section 1.7(A) computed with reference to the annual salary in effect immediately preceding the date of termination. All other employee benefits and compensation, including any incentive benefits for the year in which the Term of Employment ends, shall cease on the last day on which the Executive performs services as an employee of the Company except to the extent that continued coverage is required by law.
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Involuntary Termination; Termination For Good Cause. If the --------------------------------------------------- Executive's employment is terminated under the provisions of Sections 1.9(A) or 1.10(B), the Executive shall receive in a lump sum payment an amount equal to the sum of clauses (i) through (iii) in Section 1.11(A), and, in addition, ,twelve (12) months of salary under Section 1.7(A) computed with reference to the annual salary in effect immediately preceding the date of termination. All other employee benefits and compensation, including any incentive benefits for the year in which the Term of Employment ends, shall cease on the last day on which the Executive performs services as an employee of the Company except to the extent that continued coverage is required by law.
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