Obligations of Company Upon Termination. (a) In the event of the termination of Executive's employment pursuant to Section 7 (a), (b), (c) or (e), Executive will be entitled only to the compensation earned by her hereunder as of the date of such termination. (b) In the event of the termination of Executive’s employment pursuant to Section 7 (d) or (f), Executive will be entitled to receive in one lump sum payment the full remaining amount under the Term of this Agreement to which she would have been entitled had this Agreement not been terminated.
Appears in 2 contracts
Samples: Employment Agreement (One World Holdings, Inc.), Employment Agreement (One World Holdings, Inc.)
Obligations of Company Upon Termination. (a) In the event of the termination of Executive's employment pursuant to Section 7 (a), (b), (c) 8.a. or (e)b., Executive will be entitled only to the compensation earned by her him hereunder as of the date of such termination.
termination (b) plus any life insurance benefits). In the event of the termination of Executive’s 's employment pursuant to for any reason other than Section 7 (d) 8.a. or (f)b. as described immediately above, Executive will be entitled to receive all compensation of every nature described in one lump sum payment the full remaining amount under the Term of this Agreement shall immediately vest and become due and owing to which she would have been entitled had this Agreement not been terminatedExecutive.
Appears in 2 contracts
Samples: Employment Agreement (Sperco Stephen J), Employment Agreement (Bluegate Corp)
Obligations of Company Upon Termination. (a) In the event of the termination of Executive's employment pursuant to Section 7 11 (a), (b), (c) or (ec), Executive will be entitled only to the compensation earned by her him hereunder as of the date of such terminationtermination (plus life insurance or disability benefits).
(b) In the event of the termination of Executive’s 's employment pursuant to Section 7 11 (d) or (f), Executive will be entitled to receive in one lump sum payment as severance pay, any amount earned by Executive through the full remaining amount under the Term date of this Agreement to which she would have been entitled had this Agreement not been terminatedtermination.
Appears in 1 contract
Samples: Executive Employment Agreement (Data Call Technologies)
Obligations of Company Upon Termination. (a) In the event of the termination of Executive's employment pursuant to Section 7 8 (a), (b), (c) or (ec), Executive will be entitled only to the compensation earned by her him hereunder as of the date of such terminationtermination (plus any life insurance benefits).
(b) In the event of the termination of Executive’s employment pursuant to Section 7 (d) or (f), Executive will be entitled to receive in one lump sum payment the full remaining amount under the Term of this Agreement to which she would have been entitled had this Agreement not been terminated.
Appears in 1 contract
Samples: Employment Agreement (Bluegate Corp)
Obligations of Company Upon Termination. (a) In the event of the termination of the Executive's employment pursuant to Section 7 8 (a), (b), or (c) or (e), Executive will be entitled only to the compensation earned by her his hereunder as of the date of such termination.
(b) In the event of the termination of Executive’s Executives employment pursuant to Section 7 8 (d) or (fe), Executive will be entitled to receive all unpaid payments of earned based compensation, immediate vesting of all stock options, incentive compensation, bonuses under this agreement, in one lump sum payment the full remaining amount under the Term of this Agreement to which she would have been entitled had this Agreement not been terminatedno event later than ten (10) days following such Termination.
Appears in 1 contract
Samples: Executive Officer Employment Agreement (Medical Care Technologies Inc.)
Obligations of Company Upon Termination. (a) In the event of the termination of the Executive's ’s employment pursuant to Section 7 8 (a), (b), or (c) or (e), Executive will be entitled only to the compensation earned by her his hereunder as of the date of such termination.
(b) In the event of the termination of Executive’s Executives employment pursuant to Section 7 8 (d) or (fe), Executive will be entitled to receive all unpaid payments of earned based compensation, immediate vesting of all stock options, incentive compensation, bonuses under this agreement, in one lump sum payment the full remaining amount under the Term of this Agreement to which she would have been entitled had this Agreement not been terminatedno event later than ten (10) days following such Termination.
Appears in 1 contract
Samples: Executive Officer Employment Agreement (Medical Care Technologies Inc.)