Common use of Other Payments Upon Termination Clause in Contracts

Other Payments Upon Termination. At termination as a Managerial Employee, Company shall offer the Executive an additional payment of at least one (1) month of the Executive’s Base Salary that is contingent on the Executive’s execution, without rescission, a general release in favor of Company in a form acceptable to Company within the time frames specified in the release.

Appears in 3 contracts

Samples: Executive Employment Agreement (Socket Mobile, Inc.), Executive Employment Agreement (Socket Mobile, Inc.), Employment Agreement (Socket Mobile, Inc.)

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Other Payments Upon Termination. At termination as a Managerial Employeetermination, Company shall will offer the Executive an additional payment of at least one (1) month of the Executive’s Base Salary that is contingent on the Executive’s execution, without rescission, a general release in favor of Company in a form acceptable to Company within the time frames specified in the release.

Appears in 2 contracts

Samples: Executive Employment Agreement (Socket Mobile, Inc.), Executive Employment Agreement (Socket Mobile, Inc.)

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