Common use of Payments Following Termination Clause in Contracts

Payments Following Termination. (a) If the Employment is terminated for any reason, either by the Company or by the Executive’s resignation, then the Company shall pay the Executive the following amounts as part of the Company’s next regular payroll cycle but in no event later than thirty (30) days after the Termination Date, to the extent that the same have not already been paid: (i) any and all salary and vacation pay earned through the Termination Date; and (ii) any reimbursable expenses properly reported by the Executive. (b) Unless the Executive resigns without Good Reason or the Employment is terminated for Cause, then the Company shall pay any applicable prorated Bonus Potential Earned for the bonus period in which such termination occurs at the same time that payments are made to other participants in the Company Bonus Plan.

Appears in 4 contracts

Samples: Employment Agreement (Comsys It Partners Inc), Employment Agreement (Comsys It Partners Inc), Employment Agreement (Comsys It Partners Inc)

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Payments Following Termination. (a) If the Employment is terminated for any reason, either by the Company or by the Executive’s resignation, then the Company shall pay the Executive the following amounts as part of the Company’s next regular payroll cycle but in no event later than thirty (30) days after the Termination Date, to the extent that the same have not already been paid: (i) any and all salary and vacation pay earned through the Termination Date; and (ii) any reimbursable expenses properly reported by the Executive. (b) Unless the Executive resigns without Good Reason or the Employment is terminated for Cause, then the Company shall also pay any applicable prorated Bonus Potential Earned for the bonus period in which such termination occurs at the same time that payments are made to other participants specified in the Company Bonus Plan.Exhibit B.

Appears in 2 contracts

Samples: Employment Agreement (Comsys It Partners Inc), Employment Agreement (Comsys It Partners Inc)

Payments Following Termination. (a) If the Employment is terminated for any reason, either by the Company or by the Executive’s resignation, then the Company shall pay the Executive the following amounts as part of the Company’s next regular payroll cycle but in no event later than thirty (30) days after the Termination Date, to the extent that the same have not already been paid: (i) any and all salary and vacation pay earned through the Termination Date; and (ii) any reimbursable expenses properly reported by the Executive. (b) Unless the Executive resigns without Good Reason or the Employment is terminated for Cause, then the Company shall pay any applicable prorated Bonus Potential Earned for the bonus period in which such termination occurs at the same time that payments are made to other participants specified in the Company Bonus Plan.Exhibit B.

Appears in 2 contracts

Samples: Employment Agreement (Comsys It Partners Inc), Employment Agreement (Comsys It Partners Inc)

Payments Following Termination. (a) If the Employment is terminated for any reason, either by the Company or by the Executive’s resignation, then the Company shall pay the Executive the following amounts as part of the Company’s next regular payroll cycle but in no event later than thirty (30) days after the Termination Date, to the extent that the same have not already been paid: (i) any and all salary and vacation pay earned through the Termination Date; and (ii) any reimbursable expenses properly reported by the Executive. (b) Unless the Executive resigns without Good Reason or the Employment is terminated for Cause, then the Company shall also pay any applicable prorated Bonus Potential Earned for the bonus period in which such termination occurs at the same time that payments are made to other participants in the Company Bonus Plan.

Appears in 2 contracts

Samples: Employment Agreement (Comsys It Partners Inc), Employment Agreement (Comsys It Partners Inc)

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Payments Following Termination. (a) If the Employment is terminated for any reason, either by the Company or by the Executive’s resignation, then the Company shall pay the Executive the following amounts as part of the Company’s next regular payroll cycle but in no event later than thirty (30) days after the Termination Date, to the extent that the same have not already been paid:; (i) any and all salary and vacation pay earned through the Termination Date; and (ii) any reimbursable expenses properly reported by the Executive. (b) Unless the Executive resigns without Good Reason or the Employment is terminated for Cause, then the Company shall pay any applicable prorated Bonus Potential Earned for the bonus period in which such termination occurs at the same time that payments are made to other participants specified in the Company Bonus Plan.Exhibit B.

Appears in 1 contract

Samples: Employment Agreement (Comsys It Partners Inc)

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