Common use of Involuntary Terminations Clause in Contracts

Involuntary Terminations. Except in the case of a discharge for ------------------------ cause, in the event that Xxxx Atlantic discharges the Key Executive, or the Key Executive is "constructively discharged" (as hereinafter defined), prior to the end of the Term of Employment, then the Key Executive shall be entitled to receive, as liquidated damages, subject to signing and delivering the Release (attached as Exhibit A), the following payments, credits and benefits in lieu of any payment, credit, or benefit otherwise provided in Sections 2, 5 and 6 of this Agreement, provided that each payment, credit and benefit shall be contingent upon the absence, at the time such payment, credit or benefit is due, of any act that would constitute a material breach of this Agreement:

Appears in 2 contracts

Samples: Employment Agreement (Bell Atlantic Corp), Employment Agreement (Bell Atlantic Corp)

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Involuntary Terminations. Except in the case of a discharge for ------------------------ cause, in the event that Xxxx Atlantic discharges the Key Executive, or the Key Executive is "constructively discharged" (as hereinafter defined), prior to the end of the Term of Employment, then the Key Executive shall be entitled to receive, as liquidated damages, subject to signing and delivering the Release (attached as Exhibit A), the following payments, credits and benefits in lieu of any payment, credit, or benefit otherwise provided in Sections 2, 5 2 and 6 of this Agreement, provided that each payment, credit and benefit shall be contingent upon the absence, at the time such payment, credit or benefit is due, of any act that would constitute a material breach of this Agreement:

Appears in 1 contract

Samples: Employment Agreement (Bell Atlantic Corp)

Involuntary Terminations. Except in the case of a ------------------------ discharge for ------------------------ cause, in the event that Xxxx Atlantic discharges the Key Executive, or the Key Executive is "constructively discharged" (as hereinafter defined), prior to the end of the Term of Employment, then the Key Executive shall be entitled to receive, as liquidated damages, subject to signing and delivering the Release (attached as Exhibit A), the following payments, credits and benefits in lieu of any payment, credit, or benefit otherwise provided in Sections 2, 4 and 5 and 6 of this Agreement, provided that each payment, credit and benefit shall be contingent upon the absence, at the time such payment, credit or benefit is due, of any act that would constitute a material breach of this Agreement:

Appears in 1 contract

Samples: Employment Agreement (Bell Atlantic Corp)

Involuntary Terminations. Except in the case of a ------------------------ discharge for ------------------------ causeCause, in the event that Xxxx Atlantic discharges the Key Executive, or the Key Executive is "constructively discharged" (as hereinafter defined)", prior to the end of the Term of Employment, then the Key Executive shall be entitled to receive, as liquidated damages, subject to signing and delivering the Release (attached as Exhibit A), the following payments, credits and benefits in lieu of any payment, credit, credit or benefit otherwise provided in Sections 2, 5 6 and 6 7 of this Agreement, provided that each payment, credit and benefit shall be contingent upon the absence, at the time such payment, credit or benefit is due, of any act that would constitute a material breach of this Agreement:

Appears in 1 contract

Samples: Employment Agreement (Bell Atlantic Corp)

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Involuntary Terminations. Except in the case of a discharge for ------------------------ cause, in the event that Xxxx Atlantic discharges the Key Executive, or the Key Executive is "constructively discharged" (as hereinafter defined), prior to the end of the Term of Employment, then the Key Executive shall be entitled to receive, as liquidated damages, subject to signing and delivering the Release (attached as Exhibit A), the following payments, credits and benefits in lieu of any payment, credit, or benefit otherwise provided in Sections 2, 2 and 5 and 6 of this Agreement, provided that each payment, credit and benefit shall be contingent upon the absence, at the time such payment, credit or benefit is due, of any act that would constitute a material breach of this Agreement:

Appears in 1 contract

Samples: Employment Agreement (Bell Atlantic Corp)

Involuntary Terminations. Except in the case of a discharge for ------------------------ cause, in the event that Xxxx Atlantic discharges the Key Executive, or the Key Executive is "constructively discharged" (as hereinafter defined), prior to the end of the Term of Employment, then the Key Executive shall be entitled to receive, as liquidated damages, subject to signing and delivering the Release (attached as Exhibit A), the following payments, credits and benefits in lieu of any payment, credit, credit or benefit otherwise provided in Sections 2, 5 and 6 Section 2 of this Agreement, provided that each payment, credit and benefit shall be contingent upon the absence, at the time such payment, credit or benefit is due, of any act that would constitute a material breach of this Agreement:

Appears in 1 contract

Samples: Employment Agreement (Bell Atlantic Corp)

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