No Termination Payment Clause Samples
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No Termination Payment. Employee shall not be entitled to the Termination Payment in the event that the Company terminates Employee’s employment in connection with the expiration of the then-current term of this Agreement pursuant to Section 2(B)(ii) above or for Cause pursuant to Section 2(B)(iii) above, or if the Employee terminates the employment pursuant to Section 2(C) above.
No Termination Payment. No Force Majeure termination payment shall be made between Parties; provided, however, that the obligation to pay any Unpaid Amounts shall survive the termination of the FM Affected Transaction.
No Termination Payment. Upon the termination of the Executive’s employment for Cause by the Company or by voluntary resignation without Good Reason by the Executive pursuant to Section 4.4, the Executive will not be entitled to any termination or severance payment or benefits, other than the compensation earned by the Executive for the period before the date of cessation of his employment calculated up to and including the date of cessation of his employment.
No Termination Payment. The parties acknowledge and agree that no payments of Basic Monthly Rent or any other monetary obligations on behalf of Tenant have accrued under the Lease. The Parties acknowledge and agree that there shall be no termination Payment due by either party related to this Agreement. In order to allow each of them certainty with respect to their future plans, the parties have determined that it is mutually beneficial to terminate the Lease.