Payments Due Upon Termination. In the event Executive’s employment is terminated pursuant to Section 5(d) or (e) above, then any unvested Options held by Executive shall immediately vest and the Company shall continue pay to Executive his base salary as in effect on the date of termination for a period of twelve (12) months and reimburse Executive for the costs of obtaining comparable medical benefits for twelve (12) months, unless the Executive obtains other employment which provides for comparable medical benefits as Executive received while employed by the Company. In the event Executive’s employment is terminated for any other reason, then Executive shall be entitled to receive his base salary though the effective date of termination and the Company shall reimburse Executive for any reasonable expenses previously incurred for which Executive had not been reimbursed prior to the termination of employment. Executive acknowledges and agrees that prior to receiving any payments under this Section, and as a material condition thereof, Executive shall, if requested by the Company, sign and agree to be bound by a general release of claims against the Company related to Executive’s employment (and termination of employment) with the Company in such form as the Company may deem appropriate. Upon Executive’s termination of employment for any reason, upon the request of the Board, he shall resign any memberships or positions that he then holds with the Company.
Payments Due Upon Termination. In the event Executive’s employment is terminated pursuant to Section 6(d) or (e) above, then (i) any unvested Options held by Executive shall immediately vest, (ii) GEEKS ON CALL shall continue pay to Executive his base salary as in effect on the date of termination for a period of twelve (12) months and (iii) GEEKS ON CALL shall reimburse Executive for the costs of obtaining comparable medical benefits for twelve (12) months, unless Executive obtains other employment which provides for comparable medical benefits as Executive received while employed by GEEKS ON CALL. In the event Executive’s employment is terminated for any other reason, then Executive shall be entitled to receive his base salary though the effective date of termination and GEEKS ON CALL shall reimburse Executive for any reasonable expenses previously incurred for which Executive had not been reimbursed prior to the termination of employment. Executive acknowledges and agrees that prior to receiving any payments under this Section, and as a material condition thereof, Executive shall, if requested by GEEKS ON CALL, sign and agree to be bound by a general release of claims against GEEKS ON CALL related to Executive’s employment (and termination of employment) with GEEKS ON CALL in such form as GEEKS ON CALL may deem appropriate. Upon Executive’s termination of employment for any reason, upon the request of the Board, he shall resign any memberships or positions that he then holds with GEEKS ON CALL.
Payments Due Upon Termination. Upon termination of Executive’s employment for any reason, the Company shall pay to Executive on such date required by applicable law, a lump sum amount in cash equal to Executive’s Base Salary and other payments due through the date of termination to the extent not theretofore paid (“Accrued Amounts”).
Payments Due Upon Termination. In the event Employee’s employment is terminated pursuant to Section 4(c) or (d) above, then (i) any unvested Options held by Employee shall immediately vest, (ii) the Company shall continue to pay to Employee his base salary as in effect on the date of termination for a period of eighteen (18) months and (iii) the Company shall reimburse Employee for the costs of obtaining comparable medical benefits for eighteen (18) months, unless Employee obtains other employment which provides for comparable medical benefits as Employee received while employed by the Company. In the event Employee’s employment is terminated for any other reason (other than death or disability as set forth in Section 4(a) above), then Employee shall be entitled to receive his base salary though the effective date of termination and the Company shall reimburse Employee for any reasonable expenses previously incurred for which Employee had not been reimbursed prior to the termination of employment. Employee acknowledges and agrees that prior to receiving any payments under this Section, and as a material condition thereof, Employee shall, if requested by the Company, sign and agree to be bound by a general release of claims against the Company related to Employee’s employment (and termination of employment) with the Company in such form as the Company may deem appropriate. Upon Employee’s termination of employment for any reason, upon the request of the Board, he shall resign any memberships or positions that he then holds with the Company or any affiliate or subsidiary.
Payments Due Upon Termination. In addition to the terms as set out in Sections C, D.3 and D.4 , upon termination by either party, should there be outstanding payments due to the State as allowed under this Contract, the Contractor shall satisfy any and all payments within 30 (thirty) days after the date of the termination of the Contract. If the State is not satisfied that the Contractor has fulfilled its obligations under this Contract, the State shall follow any and all recourse available to it under state or federal law for actual monetary damages or liquidated damages.
Payments Due Upon Termination. At the time of termination, Employee shall be paid all wages earned through the Date of Termination plus all accrued but unused vacation and expenses incurred but not yet paid. If Employee resigns without Good Reason or is terminated by the Company for Misconduct, Employee is not entitled to any additional payments other than wages earned, accrued but unused vacation and expenses incurred but not yet paid. If Employee’s employment terminates due to Death 7(iv), Employee’s surviving dependents shall receive a payment equal to the amount it would cost them to obtain, for an 18-month period, health, dental and vision insurance benefits substantially similar to those the covered dependants were receiving immediately prior to Employee’s death. If Employee’s employment is terminated for reasons other than Death, resignation without Good Reason, or termination for Misconduct, Employee shall be entitled to additional severance payments as set forth herein but only if Employee executes a Severance Agreement and Release (“Release”) in which Employee waives the right to xxx the Company for claims relating to his or her employment in exchange for the payments and benefits listed below. If Employee executes the Release, Employee will be entitled to severance payments based upon the reason for termination (and payable not later than 15 days after the Effective Date of the Release) as follows:
(i) If Employee resigns due to Corporate Change (7(a)(i)) or for Good Reason (7(a)(ii)), or if Employee is terminated for other than Good Reason (7(a)(vii)), employee will be entitled to the following: (A) a payment equal to two times Employee’s Base Compensation if Date of Termination occurs during the Initial Term, OR three times Employee’s Part-Time Employment Salary if the Date of Termination is during the Part-Time Employment Period; (B) an amount equal to Employee’s highest annual bonus actually paid by the Company during the two year period immediately preceding the Date of Termination; (C) a payment equal to the amount it would cost Employee to obtain, for an 18-month period health, dental and vision insurance benefits substantially similar to those the Employee held with the Company; and (D) immediate and total vesting in all Long Term Incentives granted to Employee prior to the Date of Termination.
(ii) If Employee is terminated due to Disability, Employee shall receive salary continuation for twelve months in the amount of the difference between Employee’s Base Compensat...
Payments Due Upon Termination. Upon termination of Employee’s employment, the Company shall pay to Employee on such date required by applicable law, a lump sum amount in cash equal to Employee’s Base Salary and other payments due through the date of termination to the extent not theretofore paid.
Payments Due Upon Termination. 8.4.1 Upon the termination of this Agreement and/or any PSO (excluding CE3’s termination for convenience), and in accordance with the applicable Phase-Down Plan, Sponsor will pay CE3 for all reimbursables expenses incurred (which may include non-cancelable obligations committed before receipt of notice of termination) and Services provided through the date of notice of termination (as well as Services completed as part of the Phase Down Plan) based upon the progress of the work performed and to the extent that such expenses and Services are authorized pursuant to the PSO(s) that is(are) subject to the termination hereunder.
8.4.2 If, upon termination of this Agreement and/or any PSO, Sponsor has made prior payments to CE3 that exceed the amount owing to CE3 pursuant to any PSO that is subject to such termination, CE3 will refund the difference to Sponsor.
8.4.3 Any payment or refund hereunder will be made within sixty (60) days after the date of termination unless otherwise agreed upon by the parties in the applicable Phase-Down Plan or other writing. CE3-SBT.MSA.Final.200121 Page 5 of 13 CE3, Inc. Silverback Therapeutics
Payments Due Upon Termination. This Agreement is not cancellable by Merchant. Notwithstanding the foregoing, if Merchant terminates this Agreement prior to the thirty-six (36) month term, Linga POS ® is authorized to debit via one or more ACH transmittals from the bank account identified in this Agreement, or directly from Hybrid Payments or from another bank account owned by Merchant, the entire cost of the package plus the monthly minimum listed on the merchant processing application for each month remaining in the contract term.
Payments Due Upon Termination. Upon termination of Employee’s employment, the Company shall pay to Employee on such date required by applicable law, a lump sum amount in cash equal to Employee’s Base Salary and other payments due through the Date of Termination to the extent not theretofore paid. In addition, in the event that the Employee is terminated without Cause during the Term, then the Company shall pay to Employee a severance payment equal to three (3) months of Employee’s Base Salary then in effect, provided that Employee execute a general release of all claims requested by the Company.
