Maximum Cash Settlement. If this Employment Contract is terminated prior to the expiration of its term, and the parties agree upon a cash settlement as a result of such termination, the cash settlement, including all of its component parts, may not exceed the amount of the monthly salary referenced in Item 4 multiplied by the number of months left on the unexpired term of the Employment Contract, not to exceed eighteen (18) months. Any such settlement may not provide for other non-cash items, except that the settlement may provide for health benefits to be continued until Administrator finds other employment or the number of months left on the unexpired term of the Employment Contract, not to exceed eighteen (18) months, whichever occurs first.
Appears in 21 contracts
Samples: Classified Administrator Employment Contract, General Counsel, Employment Contract
