Common use of Payments Following Termination Clause in Contracts

Payments Following Termination. Following termination of this Agreement, whether for any of the reasons specifically set forth above or for any other reason, the Company shall have no obligation to make payments to or bestow benefits upon Xxxxx after the date of termination except as may be required by law, as described in this subsection (b), and under the 2019 Plan (to the extent not otherwise provided for in this Agreement). References under this Agreement to Xxxxx’x termination of employment or the termination of this Agreement shall be deemed to refer to the date upon which Xxxxx has experienced a “separation from service” within the meaning of Code Section 409A, as defined below:

Appears in 1 contract

Samples: Employment Agreement (Cadiz Inc)

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Payments Following Termination. Following termination of this Agreement, whether for any of the reasons specifically set forth above or for any other reason, the Company shall have no obligation to make payments to or bestow benefits upon Xxxxx Xxxxxxx after the date of termination except as may be required by law, as described in this subsection (b), and under the 2019 Plan or any successor thereto (to the extent not otherwise provided for in this Agreement). References under this Agreement to Xxxxx’x Xxxxxxx’x termination of employment or the termination of this Agreement shall be deemed to refer to the date upon which Xxxxx Xxxxxxx has experienced a “separation from service” within the meaning of Code Section 409A, as defined below:

Appears in 1 contract

Samples: Employment Agreement (Cadiz Inc)

Payments Following Termination. Following termination of this Agreement, whether for any of the reasons specifically set forth above or for any other reason, the Company shall have no obligation to make payments to or bestow benefits upon Xxxxx Xxxxxx after the date of termination except as may be required by law, as described in this subsection (b), and under the 2019 Plan or any successor thereto (to the extent not otherwise provided for in this Agreement). References under this Agreement to Xxxxx’x Xxxxxx’x termination of employment or the termination of this Agreement shall be deemed to refer to the date upon which Xxxxx Xxxxxx has experienced a “separation from service” within the meaning of Code Section 409A, as defined below:

Appears in 1 contract

Samples: Employment Agreement (Cadiz Inc)

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Payments Following Termination. Following termination of this Agreement, whether for any of the reasons specifically set forth above or for any other reason, the Company shall have no obligation to make payments to or bestow benefits upon Xxxxx Kxxxxxx after the date of termination except as may be required by law, as described in this subsection (b), and under the 2019 Plan or any successor thereto (to the extent not otherwise provided for in this Agreement). References under this Agreement to Xxxxx’x Kxxxxxx’x termination of employment or the termination of this Agreement shall be deemed to refer to the date upon which Xxxxx Kxxxxxx has experienced a “separation from service” within the meaning of Code Section 409A, as defined below:

Appears in 1 contract

Samples: Employment Agreement (Cadiz Inc)

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