Common use of Obligations of Company Upon Termination Clause in Contracts

Obligations of Company Upon Termination. 4.1 By the Company for Cause or by Employee other than in connection ------------------------------------------------------------------- with a Change in Control. If this Agreement shall be terminated either by the ------------------------ Company for Cause or by the Employee for any reason other than pursuant to Section 3.5(b) hereof, the Company shall pay to the Employee, in a lump sum in cash within 30 days after the Date of Termination, the aggregate of the Employee's Base Salary (as in effect on the Date of Termination) through the Date of Termination, if not theretofore paid, and, in the case of compensation previously deferred by the Employee, all amounts of such compensation previously deferred and not yet paid by the Company.

Appears in 3 contracts

Samples: Employment Agreement (Envirosource Inc), Employment Agreement (Envirosource Inc), Employment Agreement (Envirosource Inc)

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Obligations of Company Upon Termination. 4.1 By the Company for Cause or by Employee other than in connection ------------------------------------------------------------------- ----------------------------------------------------------------------- with a Change in Control. If this Agreement shall be terminated either by the ------------------------ Company for Cause or by the Employee for any reason other than pursuant to Section 3.5(b) 3.5 hereof, the Company shall pay to the Employee, in a lump sum in cash within 30 days after the Date of Termination, the aggregate of the Employee's Base Salary (as in effect on the Date of Termination) through the Date of Termination, if not theretofore paid, and, in the case of compensation previously deferred by the Employee, all amounts of such compensation previously deferred and not yet paid by the Company.

Appears in 1 contract

Samples: Employment Agreement (Envirosource Inc)

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