Common use of Payment upon Early Termination Clause in Contracts

Payment upon Early Termination. In the event of early termination of employment for any reason specified in Section 10 hereof, Employer shall no longer be obligated to make any payments of compensation to Employee or Employee's estate under this Agreement except as provided for herein. However, any salary or bonus earned and/or vested for prior periods, but not yet paid, shall be paid by Employer to Employee or Employee's estate.

Appears in 7 contracts

Samples: Employment Agreement (Media Sciences International Inc), Employment Agreement (Levin Michael William), Employment Agreement (Levin Michael William)

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Payment upon Early Termination. In the event of early termination of employment for any reason specified in Section 10 7 hereof, Employer shall no longer be obligated to make any payments of compensation to Employee or Employee's estate under this Agreement except as provided for hereinAgreement. However, any salary or bonus earned and/or vested for prior periods, but not yet paid, shall be paid by Employer to Employee or Employee's estate.

Appears in 4 contracts

Samples: Employment Agreement (Cadapult Graphic Systems Inc), Employment Agreement (Cadapult Graphic Systems Inc), Employment Agreement (Cadapult Graphic Systems Inc)

Payment upon Early Termination. In the event of early termination of employment for any reason specified in Section 10 8 hereof, Employer shall no longer be obligated to make any payments of compensation to Employee or Employee's estate under this Agreement except as provided for hereinAgreement. However, any salary or bonus earned and/or vested for prior periods, but not yet paid, shall be paid by Employer to Employee or Employee's estate.

Appears in 1 contract

Samples: Asset Purchase Agreement (Cadapult Graphic Systems Inc)

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Payment upon Early Termination. In the event of early ------------------------------ termination of employment for any reason specified in Section 10 7 hereof, Employer shall no longer be obligated to make any payments of compensation to Employee or Employee's estate under this Agreement except as provided for hereinAgreement. However, any salary or bonus earned and/or vested for prior periods, but not yet paid, shall be paid by Employer to Employee or Employee's estate.

Appears in 1 contract

Samples: Asset Purchase Agreement (Cadapult Graphic Systems Inc)

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