OBLIGATIONS FOR ALL OTHER TERMINATION REASONS Sample Clauses

OBLIGATIONS FOR ALL OTHER TERMINATION REASONS. For any other reason, upon the termination of this Agreement and Xxxxxx’x employment hereunder apart from a Change of Control, the Company shall pay to Xxxxxx, within ten (10) days following such termination of employment, an amount equal to the sum of (i) Xxxxxx’x annual base salary at the time Xxxxxx’x employment is terminated; plus (ii) Xxxxxx’x average annual bonus received over the eight (8) fiscal quarters of the Company immediately preceding Company’s fiscal quarter during which Xxxxxx’x employment is terminated, without exceeding Xxxxxx’x target bonus for Company’s fiscal year during which Xxxxxx’x employment is terminated, provided, however, that Xxxxxx shall receive his target bonus if he is terminated within his first eight (8) fiscal quarters with the Company; plus (iii) Xxxxxx’x auto allowance for the Company’s fiscal year during which Xxxxxx’x employment is terminated. In addition, the Company shall provide, at Company’s expense, continued coverage for Xxxxxx and his beneficiaries for a period extending through the earlier of the date Xxxxxx begins any subsequent full-time employment for pay and the date that is one (1) year after Xxxxxx’x termination of employment, under the Company’s health plan covering Xxxxxx and Xxxxxx’x beneficiaries, provided that Xxxxxx properly elects coverage pursuant to Title I, Part 6 of the Employee Retirement Income Security Act of 1974, as amended (“COBRA”).” 2. Effective as of October 1, 2008, Section 3.3(b) of the Agreement is replaced with the following:
Sample 1
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OBLIGATIONS FOR ALL OTHER TERMINATION REASONS. For any other reason, upon the termination of this Agreement and Montxxxxxx'x xxxloyment hereunder apart from a Change of Control, the Company shall pay to Montxxxxxx xx amount equal to the sum of (i) Montxxxxxx'x xxxual base salary at the time Montxxxxxx'x xxxloyment is terminated; plus (ii) Montxxxxxx'x xxxrage annual bonus received over the eight (8) fiscal quarters of the Company immediately preceding Company's fiscal quarter during which Montxxxxxx'x xxxloyment is terminated, without exceeding Montxxxxxx'x xxxget bonus for Company's fiscal year during which Montxxxxxx'x xxxloyment is terminated, provided, however, that Montxxxxxx xxxll receive his target bonus if he is terminated within his first eight (8) fiscal quarters with the Company; plus (iii) Montxxxxxx'x xxxo allowance for the Company's fiscal year during which Montxxxxxx'x xxxloyment is terminated. In addition, the Company shall provide, at Company's expense, continued coverage for Montxxxxxx xxx his beneficiaries for a period extending through the earlier of the date Montxxxxxx xxxins any subsequent full-time employment for pay and the date that is one (1) year after Montxxxxxx'x xxxmination of employment, under the Company's health plan covering Montxxxxxx xxx Montxxxxxx'x xxxeficiaries, provided that Montxxxxxx xxxperly elects coverage pursuant to Title I, Part 6 of the Employee Retirement Income Security Act of 1974, as amended ("COBRA").
Sample 1
OBLIGATIONS FOR ALL OTHER TERMINATION REASONS. For any other reason, upon the termination of this Agreement and O'Brien's employment hereunder apart from a Change of Control, the Company shall pay to O'Brien an amount equal to the sum of (i) O'Brien's annual base salary at the time O'Brien's employment is terminated; plus (ii) O'Brien's average annual bonus received over the eight (8) fiscal quarters of the Company immediately preceding Company's fiscal quarter during which O'Brien's employment is terminated, without exceeding O'Brien's target bonus for Company's fiscal year during which O'Brien's employment is terminated, provided, however, that O'Brien shall receive his target bonus if he is terminated within his first eight (8) fiscal quarters with the Company; plus (iii) O'Brien's auto allowance for the Company's fiscal year during which O'Brien's employment is terminated. In addition, the Company shall provide, at Company's expense, continued coverage for O'Brien and his beneficiaries for a period extending through the earlier of the date O'Brien begins any subsequent full-time employment for pay and the date that is one (1) year after O'Brien's termination of employment, under the Company's health plan covering O'Brien and O'Brien's beneficiaries, provided that O'Brien properly elects coverage pursuant to Title I, Part 6 of the Employee Retirement Income Security Act of 1974, as amended ("COBRA").
Sample 1
OBLIGATIONS FOR ALL OTHER TERMINATION REASONS. For any other reason, upon the termination of this Agreement and Fares' employment hereunder apart from a Change of Control, the Company shall pay to Fares an amount equal to the sum of (i) Fares' annual base salary at the
Sample 1
OBLIGATIONS FOR ALL OTHER TERMINATION REASONS. For any other reason, upon the termination of this Agreement and O’Brien’s employment hereunder apart from a Change of Control, the Company shall pay to O’Brien, within ten (10) days following such termination of employment, an amount equal to the sum of (i) O’Brien’s annual base salary at the time O’Brien’s employment is terminated; plus (ii) O’Brien’s average annual bonus received over the eight (8) fiscal quarters of the company immediately preceding Company’s fiscal quarter during which O’Brien’s employment is terminated, without exceeding O’Brien’s target bonus for Company’s fiscal year during which O’Brien’s employment is terminated, provided, however, that O’Brien shall receive his target bonus if he is terminated within his first eight (8) fiscal quarters with the Company; plus (iii) O’Brien’s auto allowance for the Company’s fiscal year during which O’Brien’s employment is terminated. In addition, the Company shall provide, at Company’s expense, continued coverage for O’Brien and his beneficiaries for a period extending through the earlier of the date O’Brien begins any subsequent full-time employment for pay and the date that is one (1) year after O’Brien’s termination of employment, under the Company’s health plan covering O’Brien and O’Brien’s beneficiaries, provided that O’Brien properly elects coverage pursuant to Title I, Part 6 of the Employee Retirement Income Security Act of 1974, as amended (“COBRA”).”
Sample 1
OBLIGATIONS FOR ALL OTHER TERMINATION REASONS. For any other reason, upon the termination of this Agreement and Loughmiller’s employment hereunder apart from a Change of Control, the Company shall pay to Lxxxxxxxxxx an amount equal to the sum of (i) Loughmiller’s annual base salary at the time Loughmiller’s employment is terminated; plus (ii) Loughmiller’s average annual bonus received over the eight (8) fiscal quarters of the Company immediately preceding Company’s fiscal quarter during which Loughmiller’s employment is terminated, without exceeding Loughmiller’s target bonus for Company’s fiscal year during which Loughmiller’s employment is terminated, provided, however, that Lxxxxxxxxxx shall receive his target bonus if he is terminated within his first eight (8) fiscal quarters with the Company; plus (iii) Loughmiller’s auto allowance for the Company’s fiscal year during which Loughmiller’s employment is terminated. In addition, the Company shall provide, at Company’s expense, continued coverage for Lxxxxxxxxxx and his beneficiaries for a period extending through the earlier of the date Lxxxxxxxxxx begins any subsequent full-time employment for pay and the date that is one (1) year after Loughmiller’s termination of employment, under the Company’s health plan covering Lxxxxxxxxxx and Loughmiller’s beneficiaries, provided that Lxxxxxxxxxx properly elects coverage pursuant to Title I, Part 6 of the Employee Retirement Income Security Act of 1974, as amended (“COBRA”).
Sample 1
OBLIGATIONS FOR ALL OTHER TERMINATION REASONS. For any other reason, upon the termination of this Agreement and Nordin's employment hereunder apart from a Change of Control, the Cxxxxxx xhall pay to Nordin an amount equal to the sum of (i) Nordin's annual base salarx xx xhe time Nordin's employment is termxxxxxx; plus (ii) Nordin's average annuax xxxxx received over the eight (8) fiscal quxxxxxx xf the Company immediately preceding Company's fiscal quarter during which Nordin's employment is terminated, without exceeding Nordin's targex xxxxx for Company's fiscal year during which Nordin'x xxxxxyment is terminated, provided, however, that Nordin sxxxx xxxeive his target bonus if he is terminated within hix xxxxt eight (8) fiscal quarters with the Company; plus (iii) Nordin's auto allowance for the Company's fiscal year during which Xxxxxx'x employment is terminated. In addition, the Company shall pxxxxxx, at Company's expense, continued coverage for Nordin and his beneficiaries for a period extending through the earxxxx xf the date Nordin begins any subsequent full-time employment for pay and the dxxx xxat is one (1) year after Nordin's termination of employment, under the Company's health plan xxxxxxxg Nordin and Nordin's beneficiaries, provided that Nordin properly elxxxx xoveraxx xxxxxant to Title I, Part 6 of the Xxxxxxee Retirement Income Security Act of 1974, as amended ("COBRA").
Sample 1
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Related to OBLIGATIONS FOR ALL OTHER TERMINATION REASONS

  • All Other Terminations In the event that Executive’s employment hereunder is terminated by the Company for Cause, by Executive without Just Cause, or due to Executive’s death or disability, Executive shall be entitled to receive the Accrued Benefits.

  • Obligations Upon Termination Upon termination of this Agreement, either party shall, at the request of the other party, return any document, material, database, equipment, or software containing the Confidential Information to the other party. If, for any reason, such document, material, database, equipment, or software cannot be returned, either party shall destroy all the Confidential Information belonging to the other party and delete such Confidential Information from any memory devices. No party shall be permitted to continue using the Confidential Information in any way after the termination of this Agreement.

  • Other Terminations If Executive’s service with the Company is terminated by the Company or by Executive for any or no reason other than as a Covered Termination, then Executive shall not be entitled to any benefits hereunder other than accrued but unpaid salary, bonus, vacation and expense reimbursement in accordance with applicable law and to elect any continued healthcare coverage as may be required under COBRA or similar state law.

  • Obligations of the Employer Upon Termination The following provisions describe the obligations of the Employer to the Executive under this Agreement upon termination of employment. However, except as explicitly provided in this Agreement, nothing in this Agreement shall limit or otherwise adversely affect any rights which the Executive may have under applicable law, under any other agreement with the Employer or any of its affiliates or subsidiaries, or under any compensation or benefit plan, program, policy or practice of the Employer or any of its affiliates or subsidiaries.

  • SEVERANCE COMPENSATION IN THE EVENT OF A TERMINATION OTHER THAN FOR CAUSE In the event of a Termination Other Than for Cause, the Employee shall be paid as severance compensation his Base Salary (at the rate payable at the time of such termination) for a period of twelve (12) months from the date of such termination, on the dates specified in Section 3.1, and Employee shall also be paid an amount equal to the average annual bonus earned by the Employee as an employee of Avocent Corporation and its affiliates and predecessors in the two (2) years immediately preceding the date of termination. Notwithstanding anything in this Section 4.2 to the contrary, the Employee may in the Employee’s sole discretion, by delivery of a notice to the Employer within thirty (30) days following a Termination Other Than for Cause, elect to receive from the Employer a lump sum severance payment by bank cashier’s check equal to the present value of the flow of cash payments that would otherwise be paid to the Employee pursuant to this Section 4.2. Such present value shall be determined as of the date of delivery of the notice of election by the Employee and shall be based on a discount rate equal to the interest rate on 90-day U.S. Treasury bills, as reported in The Wall Street Journal (or similar publication), on the date of delivery of the election notice. If the Employee elects to receive a lump sum severance payment, Avocent Corporation shall cause the Employer to make such payment to the Employee within ten (10) days following the date on which the Employee notifies the Employer of the Employee’s election. The Employee shall also be entitled to have the vesting of any awards granted to the Employee under any AHC or Avocent stock option plans fully accelerated. The Employee shall be provided with medical plan benefits under any health plans of Avocent or Employer in which the Employee is a participant to the full extent of the Employee’s rights under such plans for a period of twelve (12) months from the date of such Termination Other Than for Cause (even if Employee elects to receive a lump sum severance payment).

  • Other Termination Rights This Agreement may be terminated at any time prior to the Closing by the applicable party if and to the extent permitted in Part V of Appendix B.

  • Obligations of the Company Upon Termination (a) Termination by the Company for Cause or by the Executive other than for Good Reason. If, during the Employment Period, or any Additional Employment Period, the Executive’s employment with the Company is terminated by the Company for Cause or by the Executive other than for Good Reason (and not due to death or Disability), the Company shall have no further payment obligations to the Executive or his legal representatives under this Agreement, other than for:

  • Other Termination If the Optionee’s employment terminates for any reason other than the Optionee’s death, the Optionee’s disability or Cause, and unless otherwise determined by the Administrator, any portion of this Stock Option outstanding on such date may be exercised, to the extent exercisable on the date of termination, for a period of three months from the date of termination or until the Expiration Date, if earlier. Any portion of this Stock Option that is not exercisable on the date of termination shall terminate immediately and be of no further force or effect. The Administrator’s determination of the reason for termination of the Optionee’s employment shall be conclusive and binding on the Optionee and his or her representatives or legatees.

  • Obligations of the Company Upon Termination of Employment (a) Expiration of Term, By the Company for Cause or by Executive without Good Reason. If Executive's employment shall be terminated:

  • Termination Other Than a Qualifying Termination If the termination of the Executive’s employment with the Company Group is not a Qualifying Termination, then the Executive will not be entitled to receive severance or other benefits.

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