PAYMENT OF COMPENSATION UPON TERMINATION. Upon termination of Employee’s employment with the Company, Employee shall be entitled to be paid his base salary through the effective date of such termination, as full compensation for any and all claims of Employee under this Agreement or otherwise, except as set forth in Section 6.2.
PAYMENT OF COMPENSATION UPON TERMINATION. Upon the termination of employment of Employee hereunder, the Company shall be obligated to pay to Employee the Base Compensation for the remaining term of this Agreement, plus any earned but unpaid Annual Bonus to the date of termination.
PAYMENT OF COMPENSATION UPON TERMINATION. In addition to any deferred compensation to which Employee might be entitled pursuant to Section 12 hereof following Employee's termination of employment, Employee shall receive the following compensation upon the termination of Employee's employment under the Employment Agreement:
(a) In the event Employee's employment hereunder is terminated for cause or if Employee voluntarily resigns, Employee shall be entitled to receive Employee's Base Salary prorated through the date of termination, payable within sixty (60) days after termination and Employee shall not be entitled to receive any Bonus (as defined in the Compensation Agreement), or any other amount in respect of the Term Year in which termination occurs or in respect of any subsequent years.
(b) In the event Employee's employment hereunder is terminated by the Company without cause, Employee shall be entitled to receive Base Salary and Bonus for the Term Year in which such termination occurs prorated through the date of such termination, plus a severance payment equal to six (6) months of Base Salary at the rate then in effect and shall not be entitled to receive any other amount in respect of the Term Year in which termination occurs or in respect of any subsequent years. The prorated Base Salary shall be payable in a lump sum within sixty (60) days after termination, the prorated Bonus shall be payable in a lump sum within ninety (90) days after the end of the Term Year to which it relates, and the severance payment shall be payable in six (6) equal monthly installments commencing on the last day of the first month following termination. If the Company gives Employee notice of non-renewal pursuant to Section 2 of this Agreement, it shall be deemed to be a termination of Employee's employment without cause and Employee shall be entitled to compensation pursuant to this Section 11(b).
(c) In the event Employee's employment hereunder is terminated by Employee's death, Employee's legal representative shall be entitled to receive Base Salary and Bonus for the Term Year in which such termination occurs prorated through the date of such termination and any other payments specifically provided for herein in respect of death and shall not be entitled to receive any other amount in respect of the Term Year in which termination occurs or in respect of any subsequent years. The prorated Base Salary shall be payable in a lump sum within sixty (60) days after termination and the prorated Bonus shall be payable ...
PAYMENT OF COMPENSATION UPON TERMINATION. Except as provided in Section 4.3(c), upon termination, COIN shall be entitled to the compensation set forth as "base salary" herein, prorated to the effective date of such termination, plus any unused vacation accrued prior to the date of termination.
PAYMENT OF COMPENSATION UPON TERMINATION. In the event of the termination, other than for one or more of the five conditions specified below, of Mr Mxxx Xxxxxxxxx's mandate by ALMA, xxe parties agree that a special compensation will be paid to Mr Mxxx Xxxxxxxxx. This compensation payment upon termination is granted in recognition of the following: - Mr Mxxx Xxxxxxxxx's ratifying the non-competition clause; - services rendered in the interest of ALMA xx Mr Mxxx Xxxxxxxxx; - the moral damage resulting from his termination. It is expressly agreed between the parties that this compensation is unseverable and that each of the above conditions is sufficient in and of itself to justify payment of the termination compensation. In the event that this compensation is demanded pursuant to the provisions of this agreement, it shall be considered by the parties to be an irrevocable and uncontestable, except as expressly provided for herein. This sum of this termination compensation is set at the equivalent amount in French Francs of USD 1,000,000 (one million US dollars). However, this termination compensation will not be due should the termination result from one or any of the conditions set forth below:
1. Grave or gross misconduct (faute grave or faute lourde) in accordance with the definition of these terms under French jurisprudence by Mr Mxxx Xxxxxxxxx.
2. In the event Mr Mxxx Xxxxxxxxx xxxlates the terms of the non-competition clause set forth in article 8 below, or the restrictions set forth in clause 10 of the Sales Agreement of this date.
3. In the event that ALMA xxxls to meet its threshold levels of performance set out in article 10, for a period of two consecutive term years it being understood that the decision to terminate Mr Mxxx Xxxxxxxxx's mandate will have to be made within the period of three months from the date where the General Assembly recorded the failure to meet ALMA's threshold performance level.
4. In the event of Mr Mxxx Xxxxxxxxx's resignation, the death of Mr Mxxx Xxxxxxxxx xx of his Total Disability, as defined below. In the event Mr Mxxx Xxxxxxxxx xx unable due to illness, accident or any other physical or mental incapacity to perform the services required of him hereunder for NINETY (90) days within any ONE HUNDRED EIGHTY (180) day period, or such earlier date as the law permits, the Chairman of the Supervisory Board may appoint another person (the "INTERIM PRESIDENT") to serve in Mr Mxxx Xxxxxxxxx's place and stead as a member and President of the Directorate. The appointment...
PAYMENT OF COMPENSATION UPON TERMINATION. Upon termination for cause or if Agent terminates but has breached any provision of this agreement, Agent waives and forfeits all rights to any compensation under this Agreement. Upon termination without cause or if Agent terminates and has not breached any provision of the Agreement, Agent shall be entitled to payment of commissions in accordance with the commission payment provisions above. Company reserves the right to hold back final payments for up to 6 months against future debit memos and/or charge backs as well as failure to not pay Agents’ monthly fee.
PAYMENT OF COMPENSATION UPON TERMINATION. The obligations of the Principal to pay unpaid compensation (such as under Section 9.b) to the Consultant, as the case may be, shall survive any termination for cause attributable to Principal or upon expiration of this Agreement. Principal shall have no obligation to pay any unpaid compensation following termination by Principal as a result of an uncured breach by Consultant.
PAYMENT OF COMPENSATION UPON TERMINATION. Upon termination of Employment, Employee will not be entitled to continue to receive salary, wages, or payment for future services after the Termination Date, but shall be entitled to all compensation earned prior to termination. Any compensation owed to Employee as of the Termination Date shall be paid on the next scheduled pay date.
PAYMENT OF COMPENSATION UPON TERMINATION. Upon termination, Smolak shall be entitled to the compensation set forth as "base salary" herein, prorated to the effective date of such termination, plus any unused vacation accrued prior to the date of termination. Furthermore, and provided termination is pursuant to Section 4.1, and that Smolak was employed by the Company for a minimum of 180 days in the fiscal year during which his employment is so terminated, then and in that event, Smolak shall be entitled to receive Bonus Compensation as provided for in Section 3.6 above, prorated for the time Smolak was employed by the Company during such fiscal year.
PAYMENT OF COMPENSATION UPON TERMINATION. Employee shall receive the following compensation upon the termination of Employee's employment hereunder: (
a) In the event Employee's employment hereunder is terminated for cause or if Employee voluntarily resigns, Employee shall be entitled to receive Employee's Base Salary prorated through the date of termination, payable within sixty (60) days after termination and Employee shall not be entitled to receive any Bonus or any other amount in respect of the Term Year in which termination occurs or in respect of any subsequent years, provided, however, that if Employee voluntarily resigns (including giving notice of non-renewal to the Company pursuant to Section 2 hereof at anytime after (i) John X. Xxxx ("Xook") xeases to serve as President and the chief executive officer of the Company, or (ii) Cook (xxther directly or together with his spouse and children) no longer owns a majority of all of the issued and outstanding shares of stock in PRGX, in addition to Employee's prorated Base Salary, Employee shall be entitled to receive a Bonus for the Term Year in which such termination occurs prorated through the effective date of such termination. The prorated Base Salary shall be payable in a lump sum within 60 days after termination and the prorated Bonus shall be payable in a lump sum within 90 days after the end of the Term Year to which it relates.
