Common use of Obligations of the Company Upon Termination of Employment Clause in Contracts

Obligations of the Company Upon Termination of Employment. (a) If during the Termination Period the employment of the Executive shall terminate, other than by reason of a Nonqualifying Termination, then the Company shall pay to the Executive (or the Executive’s beneficiary or estate) within thirty (30) days following the Date of Termination, as compensation for services to the Company;

Obligations of the Company Upon Termination of Employment. (a) If during the Termination Period the employment of the Executive shall terminate, other than by reason of a Nonqualifying Termination, then the Company shall pay to the Executive (or the Executive’s 's beneficiary or estate) within thirty (30) days following the Date of Termination, as compensation for services to the Company;