NORMAL PRE-TERMINATION COMPENSATION Clause Samples
The "Normal Pre-Termination Compensation" clause defines the compensation that a party is entitled to receive for services rendered or obligations fulfilled prior to the early termination of an agreement. Typically, this clause outlines how payments are calculated for work completed up to the termination date, such as prorating fees or reimbursing expenses incurred. Its core function is to ensure that parties are fairly compensated for their efforts before the contract ends prematurely, thereby reducing disputes and providing financial clarity in the event of early termination.
NORMAL PRE-TERMINATION COMPENSATION. If the Employee's employment shall be terminated for any reason during the Term (or, if later, prior to the end of the Change-in-Control Protective Period), the Employer shall pay the Employee's Base Salary to the Employee through the Date of Termination at the rate in effect at the time the Notice of Termination is given (subject to Section 7.2 hereof), together with all compensation and benefits payable to the Employee through the Date of Termination under the terms of any compensation or benefit plan, program or arrangement maintained by the Employer during such period. Subject to Sections 8, 9, 10 and 11 hereof, after completing the expense reimbursements required by Section 6 hereof and making the payments and providing the benefits required by this Section 7, the Employer shall have no further obligations to the Employee under this Agreement.
NORMAL PRE-TERMINATION COMPENSATION. If the Employee’s employment shall be terminated for any reason during the Term (or, if later, prior to the end of the Change-in-Control Protective Period), the Employer shall pay the Employee’s Base Salary to the Employee through the Date of Termination at the rate in effect at the time the Notice of Termination is given (subject to Section 7.2 hereof) within thirty (30) days following the Date of Termination, together with all compensation and benefits payable to the Employee through the Date of Termination under the terms of any compensation or benefit plan, program or Exhibit 10.3 arrangement maintained by the Employer during such period. Subject to Sections 8, 9, 10 and 11 hereof, after completing the expense reimbursements required by Section 6 hereof and making the payments and providing the benefits required by this Section 7, the Employer shall have no further obligations to the Employee under this Agreement.
NORMAL PRE-TERMINATION COMPENSATION. If the Employee's employment shall be terminated for any reason during the Term (or, if later, prior to the end of the Change-in-Control Protective Period), the Employer shall pay the Employee's Base Salary to the Employee through the Date of Termination at the rate in effect at the time the Notice of Termination is given (subject to Section 7.2 hereof) within thirty (30) days following the Date of Termination, together with all compensation and benefits payable to the Employee through the Date of Termination under the terms of any compensation or benefit plan, program or arrangement maintained by the Employer during such period. Subject to Sections 8, 9, 10 and 11 hereof, after completing the expense reimbursements required by Section 6 hereof, making the payments and providing the benefits required by this Section 7, and providing the cooperation in Employee’s repatriation required by Section 8.4, the Employer shall have no further obligations to the Employee under this Agreement.