Common use of Misconduct After Termination of Employment Clause in Contracts

Misconduct After Termination of Employment. Notwithstanding the foregoing or anything herein to the contrary, if the Employee after the termination of his or her employment violates or fails to materially comply with the Employee Obligations Agreement or the Transfer Agreement or, in the event that the Employee becomes a member of the board of directors or controlling shareholder of a PRC Entity and such entity breaches the Structure Contract, (a “Qualifying Structure Contract Breach”) thereafter (1) the Employee shall not be entitled to any payments from the Company, (2) any insurance or other benefits that have continued shall terminate immediately, (3) the Employee shall promptly reimburse to the Company all amounts that have been paid to the Employee pursuant to this Section 6; and (4) if the Employee would not, in the absence of such violation or failure to comply, have been entitled to severance payments from the Company equal to at least six (6) months’ base salary, pay to the Company an amount equal to the difference between six (6) months’ base salary and the amount of severance pay measured by base salary reimbursed to the Company by the Employee pursuant to clause 3 of this sentence.

Appears in 3 contracts

Samples: Employment Agreement (eLong, Inc.), Employment Agreement (eLong, Inc.), Employment Agreement (eLong, Inc.)

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Misconduct After Termination of Employment. Notwithstanding the foregoing or anything herein to the contrary, if the Employee after the termination of his or her employment violates or fails to materially comply with the Employee Obligations Agreement or the Transfer Agreement or, in or if a PRC Entity breaches the event that Structure Contract while the Employee becomes is a member of the board of directors or controlling shareholder of a that PRC Entity and such entity breaches the Structure Contract, (a “Qualifying Structure Contract Breach”) thereafter (1) the Employee shall not be entitled to any payments from the Company, (2) any insurance or other benefits that have continued shall terminate immediately, (3) the Employee shall promptly reimburse to the Company all amounts that have been paid to the Employee pursuant to this Section 6; and (4) if the Employee would not, in the absence of such violation or failure to comply, have been entitled to severance payments from the Company equal to at least six (6) months’ base salary, pay to the Company an amount equal to the difference between six (6) months’ base salary and the amount of severance pay measured by base salary reimbursed to the Company by the Employee pursuant to clause 3 of this sentence.

Appears in 1 contract

Samples: Employment Agreement (eLong, Inc.)

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Misconduct After Termination of Employment. Notwithstanding the foregoing or anything herein to the contrary, if the Employee after the termination of his or her employment violates or fails to materially comply with the Employee Obligations Agreement or the Transfer Agreement or, in (including a violation by Purple Mountain) or if a PRC Entity breaches the event that Structure Contract while the Employee becomes is a member of the board of directors or controlling shareholder of a that PRC Entity and such entity breaches the Structure Contract, (a “Qualifying Structure Contract Breach”) thereafter (1) the Employee shall not be entitled to any payments from the Company, (2) any insurance or other benefits that have continued shall terminate immediately, (3) the Employee shall promptly reimburse to the Company all amounts that have been paid to the Employee pursuant to this Section 6; and (4) if the Employee would not, in the absence of such violation or failure to comply, have been entitled to severance payments from the Company equal to at least six (6) months’ base salary, pay to the Company an amount equal to the difference between six (6) months’ base salary and the amount of severance pay measured by base salary reimbursed to the Company by the Employee pursuant to clause 3 of this sentence.

Appears in 1 contract

Samples: Employment Agreement (eLong, Inc.)

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