Common use of Occurrence of Triggering Event Clause in Contracts

Occurrence of Triggering Event. Upon the occurrence of a Triggering Event, Employee shall receive from Employer (i) a lump sum payment equal to one times his Base Salary and (ii) earned Bonuses, any vested stock options and any other sums due him.

Appears in 6 contracts

Samples: Employment Agreement (Raintree Resorts International Inc), Employment Agreement (Cr Resorts Capital S De R L De C V), Employment Agreement (Cr Resorts Capital S De R L De C V)

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Occurrence of Triggering Event. Upon the occurrence of a Triggering Event, Employee shall receive from Employer (i) a lump sum payment equal to one one-half times his Base Salary and (ii) earned Bonuses, any vested stock options and any other sums due him.

Appears in 1 contract

Samples: Employment Agreement (Raintree Resorts International Inc)

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