Common use of Payments on Termination of Employment Clause in Contracts

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.

Appears in 4 contracts

Samples: Employment Agreement (Smurfit Stone Container Corp), Employment Agreement (Smurfit Stone Container Corp), Employment Agreement (Smurfit Stone Container Corp)

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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.

Appears in 2 contracts

Samples: Employment Agreement (Smurfit Stone Container Corp), Employment Agreement (Smurfit Stone Container Corp)

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Payments on Termination of Employment. (a) Termination of Employment for any Reason. The following payments ---------------------------------------- will be made upon the termination of 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 Subject to the conditions and limitations imposed by Section 4(d) hereof, unreimbursed business expenses reasonably incurred by the Executive in connection with his duties on behalf of the Company's behalf.

Appears in 1 contract

Samples: Employment Agreement (Ubid Inc)

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