Payments and Benefits Upon Termination of Employment. (a) If during the Transition Period the employment of Executive shall terminate, by reason of a Qualifying Termination, then the Company shall pay to Executive (or Executive's beneficiary or estate) within five (5) days following the Date of Termination (except as provided in Section 3(a)(1)(iii)), as compensation for services rendered to the Company:
Appears in 4 contracts
Samples: Management Retention Agreement (Caliber System Inc), Management Retention Agreement (Caliber System Inc), Management Retention Agreement (Caliber System Inc)
Payments and Benefits Upon Termination of Employment. (a) If during the Transition Period the employment of Executive shall terminate, by reason of a Qualifying Termination, then the Company shall pay to Executive (or Executive's beneficiary or estate) within five (5) days following the Date of Termination (except as provided in Section 3(a)(1)(iii))Termination, as compensation for services rendered to the Company:
Appears in 4 contracts
Samples: Management Retention Agreement (Caliber System Inc), Management Retention Agreement (Caliber System Inc), Management Retention Agreement (Caliber System Inc)
Payments and Benefits Upon Termination of Employment. (a) If during the Transition Period the employment of Executive shall terminate, by reason of a Qualifying Termination, then the Company shall pay to Executive (or Executive's beneficiary or estate) within five (5) days following the Date of Termination (except as provided in Section 3(a)(1)(iii))Termination, as compensation for services rendered to the Company, for severance and in consideration for Section 6 [50% of Section 3(a)(2) for the latter]:
Appears in 2 contracts
Samples: Employment Agreement (Caliber System Inc), Employment Agreement (Caliber System Inc)
