Payments on Termination of Employment. (a) If the Executive’s employment is terminated as a result of Termination Without Cause, the Corporation shall (subject to the Executive’s obligations contained herein):
(i) for a period of 12 months from the effective date of Termination Without Cause make the following payments (collectively referred to herein as the “Severance Amount”) to the Executive. In addition, the period of termination payments and benefits shall be extended by one month for each additional year of employment completed by the Executive commencing January 1, 2004:
(I) payments to the Executive in the same amount and on the same basis as the Basic Salary being paid to the Executive immediately prior to the effective date of termination; and
(II) continue to provide the Executive with Benefits, in accordance with, and to the extent permitted by and subject to the terms and conditions of the applicable fund, plan or arrangement relating thereto;
(III) payment to the Executive up to a maximum of $10,000.00 to cover all costs associated with career relocation and outplacement services obtained by the Executive, upon presentation of receipts.
(ii) all payments made to the Executive shall be subject to applicable deductions and withholdings and shall be in full satisfaction of any and all entitlement that the Executive may have to notice of termination or payment in lieu thereof, severance pay and any other payments to which the Executive may otherwise be entitled to pursuant to ESA and any other applicable law. The Corporation shall cooperate with the Executive with respect to the payment of all payments due on termination such that the Executive shall be entitled to obtain the benefit of any tax shelters or strategies that may be available or may become available;
(iii) notwithstanding any other provisions in this Agreement, the exercise of the Executive’s options will be in accordance with the terms of the Viventia Biotech Inc. Share Option Plan;
(iv) if, following Termination Without Cause, the Executive breaches any of the provisions of the Confidential Information, Intellectual Property, Non-Competition and Non-Solicitation Agreement (attached as Appendix A), the Executive shall not be eligible, as of the date of such breaches for any Severance Amount and all obligations of the Corporation to pay the Executive the Severance Amount shall (subject to applicable minimum amounts payable pursuant to the ESA) cease.
Payments on Termination of Employment. (a) Termination of Employment for any Reason. The following payments ---------------------------------------- will be made upon the Executive's termination of employment for any reason:
(i) Earned but unpaid Base Salary through the date of termination;
(ii) Any annual incentive plan bonus, or other form of incentive compensation, for which the performance measurement period has ended, but which is unpaid at the time of termination;
(iii) Any accrued but unpaid vacation;
(iv) Any amounts payable under any of the Company's executive benefit plans in accordance with the terms of those plans, except as may be required under Code Section 401(a)(13); and
(v) Unreimbursed business expenses incurred by the Executive on the Company's behalf.
Payments on Termination of Employment. (a) Termination by Company for Cause or Executive'
Payments on Termination of Employment.
32.1 Where an employee is terminated or has terminated under notice from CSIRO, the employee will be paid the following payments on termination of their employment as appropriate: • payment of outstanding wages for hours worked including penalty rates and allowances up to the time of termination; • unused accrued annual leave entitlements and annual leave loading; and • unused accrued Long Service Leave in accordance with clause 53.
32.2 Shift workers paid under an annualised penalty arrangement will not be paid annual leave loading as it has been included in the annualised rate of salary.
32.3 Shift workers who have changed to day workers and who are subsequently terminated, will be paid annual leave loading on leave which has accrued since the date of commencement in the day work position.
32.4 Accrued RDO credits will be paid out on termination of employment, but it is expected that employees will, subject to operational reasons, use their accrued RDO’s prior to their last day of employment at CDSCC. Section Managers will support employees in taking their RDO’s prior to termination.
32.5 Accrued personal leave is not payable on termination of employment.
32.6 Any termination payment will be reduced by any amount owed to CSIRO by the employee.
Payments on Termination of Employment
