Common use of Payment Upon Termination By The Company Clause in Contracts

Payment Upon Termination By The Company. If the Company terminates the Executive’s employment for any reason other than Good Cause, the Executive shall be entitled to receive from the Company and the Company shall pay to the Executive in one lump sum, within fifteen (15) days following the Executive’s termination of employment, all of the salary and Target Bonus payments provided for in Sections 4 and 5 of this Agreement for the period beginning on the date of the Executive’s termination of employment and ending on June 30, 2007.”

Appears in 1 contract

Samples: Employment Agreement (Micros Systems Inc)

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Payment Upon Termination By The Company. If the Company terminates the Executive’s employment for any reason other than Good Cause, the Executive shall be entitled to receive from the Company and the Company shall pay to the Executive in one lump sum, within fifteen (15) days following the Executive’s termination of employment, all of the salary and Target Bonus payments provided for in Sections 4 and 5 of this Agreement for the period beginning on the date of the Executive’s termination of employment and ending on June 30, 20072011.”

Appears in 1 contract

Samples: Employment Agreement (Micros Systems Inc)

Payment Upon Termination By The Company. If the Company terminates the Executive’s 's employment for any reason other than Good Cause, the Executive shall be entitled to receive from the Company and the Company shall pay to the Executive in one lump sum, within fifteen (15) days following the Executive’s 's termination of employment, all of the salary and Target Bonus payments provided for in Sections 4 and 5 of this Agreement for the period beginning on the date of the Executive’s 's termination of employment and ending on June 30, 20072014.”

Appears in 1 contract

Samples: Employment Agreement (Micros Systems Inc)

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Payment Upon Termination By The Company. If the Company terminates the Executive’s 's employment for any reason other than Good Cause, the Executive shall be entitled to receive from the Company and the Company shall pay to the Executive in one lump sum, within fifteen (15) days following the Executive’s 's termination of employment, all of the salary and Target Bonus payments provided for in Sections 4 and 5 of this Agreement for the period beginning on the date of the Executive’s 's termination of employment and ending on June 30, 20072005."

Appears in 1 contract

Samples: Employment Agreement (Micros Systems Inc)

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