Payments in Event of Termination. In the event this Agreement and XXXXX’ employment is terminated as the result of her death, voluntarily by her resignation or retirement, or involuntarily by the BOARD for Cause as defined herein at Sec. 10(a.), WCSD shall pay XXXXX (or her estate in the event of her death) only for her earned salary through the last day of her employment, for any accrued but unused paid time off, and for any as-of-then unreimbursed appropriate expenses; and WCSD shall not be required to pay XXXXX any other or additional sum. In the event this Agreement and XXXXX’ employment is involuntarily terminated without Cause (Sec. 10(b)), WCSD shall pay her earned salary through the last day of her employment, for any accrued but unused paid time off, for her appropriate and as-of-then unreimbursed expenses, and WCSD shall also pay her incrementally at its regular payroll intervals, an additional gross amount equal to one year of her Base Salary in effect as of such date. Finally in the event of XXXXX’ involuntary termination by the BOARD without Cause, WCSD shall also, immediately prior to the actual effectiveness of her termination, make a lump-sum cash contribution to PERS on her behalf of an amount that would normally be paid to PERS as if she had continued to be employed as Superintendent for one more year, computed by using her Base Salary in effect at the time of termination. No additional or other payments shall be due or paid to her by WCSD in the event of her termination without Cause. If XXXXX’ employment is terminated as a result of her disability under the foregoing subsection (c.) regarding disability, she shall receive only those payments and benefits as described therein.
Payments in Event of Termination. In the event of the termination of this Agreement and the Executive’s employment hereunder, pursuant to Section 5, the Executive shall be entitled to the following payments and benefits:
Payments in Event of Termination. (a) If this Agreement is terminated for any reason pursuant to Section 7.1(b), then the Company shall (i) pay the Purchaser an amount equal to two times the amount of cash paid by the Purchaser for the Company Shares theretofore purchased by the Purchaser (including any payments made by the Purchaser to the Company prior to the execution of this Agreement, as set forth on Annex A) and (ii) transfer back to the Purchaser all KeyClub Shares which have theretofore been transferred from the Purchaser to the Company.
