Common use of Minimum Payments Clause in Contracts

Minimum Payments. If the Employee's Termination Date occurs during the Agreement Period for any reason, then the Employee shall be entitled to the following payments, in addition to any payments or benefits to which the Employee may be entitled under the following provisions of this Paragraph 4 (other than this subparagraph (a)): (i) his earned but unpaid Salary for the period ending on his Termination Date; and (ii) his accrued but unpaid vacation pay for the period ending with his Termination Date, as determined in accordance with the Company's policy as in effect from time to time. Payments to be made to the Employee pursuant to this subparagraph 4(a) shall be made in a lump sum as soon as practicable after the Employee's Termination Date. Except as may be otherwise expressly provided to the contrary in this Agreement, nothing in this Agreement shall be construed as requiring the Employee to be treated as employed by the Company following his Termination Date for purposes of any employee benefit plan or arrangement in which he may participate at such time, except to the extent required by law.

Minimum Payments. If the Employee's Termination Date occurs during the Agreement Period for any reason, then the Employee shall be entitled to the following payments, in addition to any payments or benefits to which the Employee may be entitled under the following provisions of this Paragraph 4 (other than this subparagraph (a)): (i) his His/her earned but unpaid Salary for the period ending on his his/her Termination Date; and (ii) his His/her accrued but unpaid vacation pay for the period ending with his his/her Termination Date, as determined in accordance with the Company's policy as in effect from time to time. Payments to be made to the Employee pursuant to this subparagraph 4(a) shall be made in a lump sum as soon as practicable after the Employee's Termination Date. Except as may be otherwise expressly provided to the contrary in this Agreement, nothing in this Agreement shall be construed as requiring the Employee to be treated as employed by the Company following his his/her Termination Date for purposes of any employee benefit plan or arrangement in which s/he may participate at such time, except to the extent required by law.

Minimum Payments. If the EmployeeExecutive's Termination Date occurs during the Agreement Employment Period for any reason, then the Employee employee shall be entitled to the following payments, in addition to any payments or benefits to which the Employee Executive may be entitled under the following provisions of this Paragraph Section 4 (other than this subparagraph paragraph (a)):) and the express terms of any employee benefit plan or arrangement in which the Executive participates as of his Termination Date: (i) his earned but unpaid Salary for the period ending on his Termination Date; and (ii) his accrued but unpaid vacation pay for the period ending with his Termination Date, as determined in accordance with the Company's policy as in effect from time to time. Payments to be made to the Employee Executive pursuant to this subparagraph paragraph 4(a) shall be made in a lump sum as soon as practicable after the EmployeeExecutive's Termination Date. Except as may be otherwise expressly provided to the contrary in this Agreement, nothing in this Agreement shall be construed as requiring the Employee Executive to be treated as employed by the Company following his Termination Date for purposes of any employee benefit plan or arrangement in which he may participate at such time, except to the extent required by law.

Minimum Payments. If the EmployeeExecutive's Termination Date occurs during the Agreement Employment Period for any reason, then the Employee employee shall be entitled to the following payments, in addition to any payments or benefits to which the Employee Executive may be entitled under the following provisions of this Paragraph Section 4 (other than this subparagraph paragraph (a)):) and the express terms of any employee benefit plan or arrangement in which the Executive participates as of his Termination Date: (i) his earned but unpaid Salary for the period ending on his Termination Date; and and (ii) his accrued but unpaid vacation pay for the period ending with his Termination Date, as determined in accordance with the Company's policy as in effect from time to time. Payments to be made to the Employee Executive pursuant to this subparagraph paragraph 4(a) shall be made in a lump sum as soon as practicable after the EmployeeExecutive's Termination Date. Except as may be otherwise expressly provided to the contrary in this Agreement, nothing in this Agreement shall be construed as requiring the Employee Executive to be treated as employed by the Company following his Termination Date for purposes of any employee benefit plan or arrangement in which he may participate at such time, except to the extent required by law.