Payments in the Event of Termination. Upon the termination of the Employment Period for death, disability, by the Executive without Good Reason, or by the Employer for Cause, the Employer shall pay to the Executive, or his estate, as the case may be, the Base Salary and Performance Bonus earned to the date of death or termination for disability or Cause, as the case may be. In addition, all vested and unexercised Options shall remain exercisable by the Executive for a period of 365 days. Upon the termination of the Employment Period by the Employer without Cause or by the Executive for Good Reason, the Employer shall pay to the Executive (A) the Base Salary and Performance Bonus earned to the date of such termination, and (B) an additional amount in a lump sum in cash equal to the Base Salary at the time of termination for a period beginning on the date of such termination, and ending on the date that the Employment Period would have ended pursuant to this Agreement had there been no termination of Executive's employment, provided that in no event shall such period be less than twelve months. In addition, all vested and unexercised Options shall become and remain exercisable by the Executive until the expiration date of the Options pursuant to the Option Agreement.
Payments in the Event of Termination. Upon the termination of the Employment Period by reason of death or disability, by the Employee without Good Reason, or by the Employer for Cause, the Employer shall pay to the Employee, or his estate, as the case may be, the Base Salary and Performance Bonus earned to the date of death or termination for disability or Cause, or date of termination by the Employee, as the case may be. In addition, all vested and unexercised Options shall remain exercisable by the Employee for a period of 365 days. Upon the termination of the Employment Period by the Employer without Cause or by the Employee for Good Reason, the Employer shall pay to the Employee (A) the Base Salary and Performance Bonus earned to the date of such termination, and (B) an additional amount in a lump sum in cash equal to the lesser of (x) the Base Salary at the time of termination for a period of six months; or (y) the Base Salary at the time of termination for a period beginning on the date of such termination and ending on the date that the Employment Period would have ended pursuant to this Agreement had there been no termination of Employee's employment. In addition, all vested and unexercised Options shall become and remain exercisable by the Employee until the expiration date of the Options pursuant to the Option Agreement.
Payments in the Event of Termination. (a) If the Employment ------------------------------------ Period is terminated or expires pursuant to Section 1, Section 6.1 or Section 6.2, the Company shall pay the Employee any Salary earned to the date of such termination or expiration, as the case may be.
(b) If the Employment Period is terminated by the Company (other than pursuant to Section 1, 6.1 or 6.2), the Company shall pay Employee an amount equal to the sum of (A) any Salary earned to the date of termination plus (B) an amount equal to his Salary (as in effect on the date of termination) for the then-remaining term of the Employment Period (assuming no extension thereof).
(c) If the Employment Period is terminated pursuant to Section 6.3, the Company shall pay Employee an amount equal to the sum of (A) any Salary earned to the date of the termination plus (B) an amount equal to his Salary (as in effect on the date of termination) for the then-remaining term of the Employment Period (assuming no extension thereof).
Payments in the Event of Termination. (a) If the Employment Period is terminated by the Employee for reasons other than constructive dismissal (as that term is understood in the law of wrongful dismissal), the Employer will pay the Employee his Base Salary and the Benefits (or their cash equivalent if not available due to the termination of employment) through the first to occur of the date of termination or six months after the Employee gives notice of his election to terminate in accordance with subsection 4.3 hereof.
(b) If the Employment Period is terminated by the Employer with cause, the Employer will pay the Employee his Base Salary earned to the date of termination in accordance with subsection 3.1 hereof.
(c) If the Employment Period is terminated by the Employer without cause (other than pursuant to subsection 4.3 hereof) or by the Employee on the grounds of constructive dismissal, the Employer will pay the Employee his Base Salary through to the second anniversary of the date of termination. The Employer, at its sole option and discretion, may fulfil its obligations to pay amounts due under this subsection 4.4(c) by payment of a lump sum or by continuation of the regularly scheduled Base Salary payments.
Payments in the Event of Termination. (a) If the Employment ------------------------------------ Period is terminated or expires pursuant to Section 1 or Section 6, the Company shall pay the Employee any Salary, Bonus, accrued vacation and any other remuneration earned to the date of such termination or expiration, as the case may be.
(b) Notwithstanding anything to the contrary set forth in Section 6.3(a), if the Employment Period is terminated pursuant to Section 6.1 prior to the first anniversary of the Commencement Date, the Company shall pay the Employee or his estate, as the case may be, an amount equal to the sum of any unpaid Salary, Bonus, and any other remuneration to which Employee would otherwise have been entitled during the first year of the Employment Period had the Employment Period not been so terminated. At the Company's option and in lieu of its obligations pursuant to the immediately preceding sentence, the Company may purchase insurance on Employee's life with a death benefit at least equal to the Company's obligations pursuant to the immediately preceding sentence. Employee or his estate shall be the beneficiary of any such life insurance.
(c) If the Employment Period is terminated by the Company (other than pursuant to Section 6.1 or 6.2), the Company shall continue to (i) pay Employee his Salary and Bonus through the remainder of the Employment Period (assuming no early termination or expiration) and (ii) provide Employee with the employee benefits that Employee would otherwise have been entitled pursuant to Section 4 of this Agreement.
Payments in the Event of Termination. If the Contract has been terminated in accordance with Section 41, CONTRACTOR shall be entitled to a Termination Payment for Services performed prior to the effective date of termination, less any amounts provided for in Section 41. Such Termination Payment shall be calculated as set forth below: If termination is a Termination for Cause by CUSTOMER as provided in Section 41.2 of this Contract, then for the purpose of calculating the value of the Termination Payment to be made to CONTRACTOR, then the Termination Payment shall be the value of the Services performed by CONTRACTOR prior to the termination date, less the offsets provided for in Section 41.2. For purposes of this paragraph, the value of the Services performed by CONTRACTOR prior to the termination date shall be determined by review of the latest periodic estimate required under Section 12.5 (and any agreed upon adjustments thereto). If the termination is a Termination for Convenience by CUSTOMER as provided in Section 41.3, then for the purpose of calculating the value of the Termination Payment to be made to CONTRACTOR, the Termination Payment shall be the value of the Services performed by CONTRACTOR prior to the termination date, less the offsets provided for in Section 41.3. For purposes of this paragraph, the value of the Services performed by CONTRACTOR prior to the termination date shall be determined by review of the latest periodic estimate required under Section 12.5 (and any agreed upon adjustments thereto).
Payments in the Event of Termination. If the Employment Period ------------------------------------ is terminated or expires pursuant to Section 1 or Section 6, the Company shall pay the Employee any Salary earned to the date of such termination or expiration, as the case may be.
Payments in the Event of Termination. 5.3.1 Notwithstanding the foregoing, should BAXTER terminate this Agreement in accordance with the provisions of Article 12.3 ("TERMINATION FOR DEFAULT"), or should COMPANY terminate this Agreement in accordance with Article 12.2 ("TERMINATION FOR CONVENIENCE"), and XXXXXX'x financial records show that the total cost of the work performed by BAXTER, including all internal and external costs and expenses incurred by BAXTER and any non-cancelable expenses reasonably incurred by BAXTER prior to termination, exceeds the amount paid by the COMPANY up to such termination, COMPANY will pay BAXTER, within thirty (30) days of receiving an invoice therefore, an amount equal to such uncompensated costs and expenses incurred or committed but no more than the total amount set forth in Article 5.1, as amended pursuant to 5.2.
5.3.2 Should COMPANY terminate the Agreement in accordance with Article 12.3 ("TERMINATION FOR DEFAULT"), and the amount paid by COMPANY up to such termination exceeds the total cost of the work performed by BAXTER, including all internal and external costs and expenses incurred by BAXTER and any non-cancelable expenses reasonably incurred by BAXTER prior to termination then BAXTER shall return any such excess remaining funds to COMPANY within thirty (30) days of receiving an invoice therefore.
Payments in the Event of Termination. (a) In this Agreement, the expression "Termination Date" means (i) in the case of termination by the Company pursuant to Section 7(a)(i) or 7(c) hereof, the date of termination of the Employee's employment set forth in the written notice of termination given by the Company pursuant to either of such sections (as the case may be); and (ii) in the case of termination by the Employee pursuant to Section 6(a)(ii) hereof, the date which is thirty (30) days following the date upon which the Employee has given notice of termination or, if the Company has required a shorter notice period, the last day of such shorter period.
Payments in the Event of Termination of the [*] Agreement. In consideration of the direct license granted by [*] to Salix under Section 13.23(b), in the event of a Salix Non-Defaulting Termination of the [*] Agreement, Salix shall thereafter pay to [*] [*] (had the [*] Agreement remained in effect) in connection with the license granted by Progenics to Salix under this Agreement, any such payments to be made [*].
