Payment in Event of Termination. If this Agreement is terminated before performance is completed, the Subrecipient shall be paid for the work or services satisfactorily performed. In the event the Agreement is terminated for cause, any funds owed to the County due to any overages paid to, or breach of contract by, the Subrecipient shall be deducted from the amount due the Subrecipient. No other damages, fees, or costs may be assessed against the County for its termination of the Agreement.
Payment in Event of Termination. In the event of the termination of Executive's employment hereunder pursuant to Section 8(d), the Company shall continue to make payments to Executive as defined in Section 2(a) at the rate then being paid to Executive and shall provide Executive, his/her spouse and covered dependents with medical and dental insurance benefits for three hundred sixty-five (365) days from the date of such termination. In order to trigger the Company's obligation to provide health care continuation benefits, Executive must elect continuation coverage required pursuant to the Consolidation Omnibus Budget Reconciliation Act of 1985, as amended ("COBRA") upon such eligibility so that the Company's obligation shall be satisfied solely through the payment of Executive's COBRA premiums. Executive shall not be required or obligated to obtain other employment to mitigate the payments due hereunder; however, the Company's obligation to purchase medical and dental insurance benefits shall expire once Executive has obtained new coverage for himself/herself, Executive's spouse, and Executive's covered dependents without material conditions or limitations (such as an applicable pre-existing condition exclusion). Executive may, at Executive's sole option, terminate this Agreement and receive the payments provided for in this Section 3 following the occurrence of any of the following events (a "Company Breach"): (a) Executive`s authority to function as a Senior Vice President (or such higher position to which Executive may have been promoted during his/her term of this Agreement) shall be removed or limited in any material respect, unless such removal or limitation was a result of one or more events that would permit the termination of Executive's employment For Cause (as defined in Section 8(c)), or (b) a relocation of Executive or the Company's offices to a location more than twenty five (25) miles from the location at which Executive previously performed his or her duties, or (c) the Company shall have breached in any material respect any of its covenants and agreements in this Agreement. Notwithstanding the foregoing, Executive shall not be entitled to terminate this Agreement unless Executive provides written notice to the Company specifying in reasonable detail the nature of the Company Breach, and the Company shall have failed to cure such Company Breach within 45 days thereafter.
Payment in Event of Termination. In the event of the termination of Executive's employment hereunder pursuant to Section 8(d), the Company shall continue to make the payments provided for in Section 2(a) at the rate then being paid to Executive and shall provide Executive with COBRA medical and dental insurance benefits for three hundred sixty-five (365) days from the date of such termination. Executive shall not be required or obligated to obtain other employment to mitigate the payments due hereunder. Executive may, at his sole option, terminate this Agreement and receive the payments provided for in this Section 3 following the occurrence of either of the following events (a "Company Breach"): (a) Executive's authority to function as a Senior Vice President shall be removed or limited in any material respect, unless such removal or limitation was a result of one or more events that would permit the termination of Executive's employment For Cause (as defined in Section 8(c)), or (b) the Company shall have breached in any material respect any of its covenants and agreements in this Agreement. Notwithstanding the foregoing, Executive shall not be entitled to terminate this Agreement unless Executive provides written notice to the Company specifying in reasonable detail the nature of the Company Breach, and the Company shall have failed to cure such Company Breach within 45 days thereafter.
Payment in Event of Termination. In the event of termination pursuant to Paragraph 10 or 11 above, the parties agree that the compensation due AN pursuant to Paragraph 6 shall be paid to the date of termination only, except as provided in Paragraph 3 hereof.
Payment in Event of Termination. If this Contract is terminated before performance is completed, the CONSULTANT’s sole and exclusive remedy is payment for SERVICES performed, and CONSULTANT shall be only paid for the SERVICES satisfactorily performed. Payment is to be on the basis of substantiated costs, not to exceed an amount that is the same percentage of the Contract price as the amount of SERVICES satisfactorily completed is a percentage of the total SERVICES called for by the Purchase Orders and this Contract. Any additional costs incurred by the LIBRARY as a result of such termination shall be deducted from the amount due the CONSULTANT, in the event the Contract termination is for cause as described herein.
Payment in Event of Termination. If this Contract is terminated for any reason before performance is completed, the XXXX’x sole and exclusive remedy is payment for Services performed, and XXXX shall be only paid for the Services satisfactorily performed. Payment is to be on the basis of substantiated costs, not to exceed an amount that is the same percentage of the Contract price as the amount of Services satisfactorily completed is a percentage of the total Services called for in this Contract. Any additional costs incurred by the Library as a result of such termination shall be deducted from the amount due the XXXX, in the event the Contract termination is for cause as described herein.
Payment in Event of Termination. If this Agreement is terminated before performance is completed, the Agency shall only retain Grant Funds for the work or Services performed as of the date of termination. In the event the Agreement is terminated for cause, any Grant Funds owed to the County due to any overages paid to, or breach of contract by, the Agency shall be returned to the County by the Agency. No other damages, fees, or costs may be assessed against the County for County’s termination of the Agreement.
Payment in Event of Termination. If this Agreement is terminated bef ore perf ormance is completed, the Subrecipient shall be paid for the work or services satisf actorily perf ormed. In the event the Agreement is terminated for cause, any f unds owed to the County due to any overages paid to, or breach of contract by, the Subrecipient shall be deducted f rom the amount due the Subrecipient. No other damages, fees, or costs may be assessed against the County for its termination of the Agreement.
Payment in Event of Termination. Upon termination in accordance with Sections 7(a)-(b) or 8(a)-(c) above, Xx. Xxxxxx shall be entitled to no further compensation hereunder other than the pro-rata amounts accrued, pursuant to Section 4 above, through the effective date of termination.
Payment in Event of Termination. In the event of the termination of Executive's employment hereunder pursuant to Section 8(d), the Company shall continue to make the payments provided for in Section 2(a) at the rate then being paid to Executive and shall continue to provide Executive with the medical, disability and life insurance benefits provided in Section 5(a) hereof for thirty-four (34) months and twenty four (24) days from the date of such termination. Executive shall not be required or obligated to obtain other employment to mitigate the payments due hereunder. Executive may, at his sole option, terminate this Agreement and receive the payments provided for in this Section 3 following the occurrence of either of the following events (a "Company Breach"): (a) Executive's authority to function as President and Chief Executive Officer shall be removed or limited in any material respect, unless such removal or limitation was a result of one or more events that would permit the Board to terminate Executive's employment For Cause (as defined in Section 8(c)), or (b) the Company shall have breached in any material respect any of its covenants and agreements in this Agreement. Notwithstanding the foregoing, Executive shall not be entitled to terminate this Agreement
