Payments to Employee Upon Termination of Employment Sample Clauses

Payments to Employee Upon Termination of Employment. The Boards of --------------------------------------------------- Directors of Employers may terminate Employee's employment under this Agreement at any time; but any termination other than Termination for Cause shall not prejudice Employee's right to compensation or other benefits under this Agreement. Employee may voluntarily terminate his employment under this Agreement. The rights and obligations of Employers and Employee in the event of such termination are set forth in this paragraph 7 as follows:
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Payments to Employee Upon Termination of Employment. A. Subject to the provisions of Sections 8(B) and 8(C) below, in the event Employee's employment with the Company shall terminate during the Term for any of the reasons set forth in Section 7, or thereafter pursuant to Section 2: [i] Employee's Salary shall be prorated and paid through the date of termination; and [ii] all unvested options to purchase common stock of the Company shall cease and terminate as of the date of termination.
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Payments to Employee Upon Termination of Employment a. Upon the termination of Employee’s employment with the Company pursuant to Section 7(a) or 7(f), Employee shall be entitled only to:
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Payments to Employee Upon Termination of Employment. Upon the termination of the Employee’s employment if such termination is without Cause pursuant to 11(D), the Employer shall pay to the Employee an amount equal to the monthly portion of Employee’s base salary on the date of termination multiplied by the lesser of twelve (12) months or the number of months remaining in the Term (the “Severance Period”) Any amounts due hereunder shall be paid at such times and in such manner as the Employee had been previously paid his base salary. If, during the Severance Period, Employee obtains a new position but Employee’s annual compensation shall be less that the base salary provided herein, then Employer shall pay to Employee the difference for the balance of the Severance Period, “Difference” shall be defined as the difference between Employee’s base salary for any year or lesser period in which this Agreement would have been in effect and the annualized compensation payable to Employee in his new position during such period, Such Difference shall be paid to Employee in the same manner as base salary had been paid prior to such termination over the period of such reemployment over such period. If the Employee’s reemployment in a new position shall terminate, then for the purposes of this paragraph, Employee shall be entitled to continuation of his base salary until he shall again be reemployed, in which case only the Difference shall be payable as aforesaid. Employee shall at all times use his best efforts to become reemployed as soon as possible in a position consistent with Employee’s experience and stature. The payments provided herein are in lieu of any other payments due the Employee including, but not limited to, any claim for breach of contract.
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Payments to Employee Upon Termination of Employment. Upon termination of Employee’s employment during the term of this Agreement, Employee (or in the event of his death, his beneficiary, beneficiaries or legal representatives) shall be entitled to no further compensation hereunder other than (i) Employee’s Base Salary through the date of termination, (ii) any benefits accrued and vested under the terms of the Company’s employee benefit plans and programs and (iii) any other payments or benefits specifically provided by this Agreement.
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Payments to Employee Upon Termination of Employment. The Boards of --------------------------------------------------- Directors of Employer and the Company may terminate Employee's employment under this Agreement at any time upon sixty (60) days prior written notice; but any -- termination other than Termination for Cause shall not prejudice Employee's right to compensation or other benefits under this Agreement. Employee may voluntarily terminate his employment under this Agreement upon sixty (60) days -- prior written notice. The rights and obligations of Employer and/or the Company and Employee in the event of such termination are set forth in this paragraph 6 as follows:
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Payments to Employee Upon Termination of Employment 
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Related to Payments to Employee Upon Termination of Employment

  • Payments Upon Termination of Employment (a) If Executive’s employment with the Company is terminated by reason of:

  • Compensation Upon Termination of Employment If the Executive’s employment hereunder is terminated, in accordance with the provisions of Article III hereof, and except for any other rights or benefits specifically provided for herein to be effective following the Executive’s period of employment, the Company will provide compensation and benefits to the Executive only as follows:

  • Benefits Upon Termination of Employment If the Executive is entitled to benefits pursuant to this Section 2, the Company agrees to pay or provide to the Executive as severance payment, the following:

  • Severance Compensation upon Termination of Employment If the Company shall terminate the Executive’s employment other than pursuant to Section 5(a), (b) or (c) or if the Executive shall terminate his employment for Good Reason, then the Company shall pay to the Executive as severance pay in a lump sum, in cash, on the fifth day following the Date of Termination, an amount equal to three (3) times the average of the aggregate annual compensation paid to the Executive during the three (3) fiscal years of the Company immediately preceding the Change of Control by the Company subject to United States income taxes (or, such fewer number of fiscal years if the Executive has not been employed by the Company during each of the preceding three (3) fiscal years).

  • Compensation and Benefits Upon Termination of Employment (a) If the Company shall terminate the Executive's employment after a Change in Control other than pursuant to Section 3(b), 3(c) or 3(d) and Section 3(f), or if the Executive shall terminate his employment for Good Reason, then the Company shall pay to the Executive, as severance compensation and in consideration of the Executive's adherence to the terms of Section 5 hereof, the following:

  • Rights Upon Termination of Employment The terms which regulate the treatment of the International Participant's Restricted Stock Units upon termination of employment are set out in the Plan and in the Award Documents. In summary, upon the International Participant's termination of employment for any reason other than death, Disability or Retirement, any unvested Restricted Stock Units shall be forfeited and cancelled on the date of such termination of employment.

  • Compensation Following Termination of Employment In the event that Executive's employment hereunder is terminated, Executive shall be entitled to the following compensation and benefits upon such termination:

  • Term; Termination of Employment The term of this Agreement (the “Term”) begins on the Effective Date and will end, along with Executive’s employment with the Company, on the earliest to occur of the following events.

  • Other Termination of Employment In the event of your voluntary termination (other than a Retirement subject to Section 2(c) or a Qualifying Termination subject to Section 2(f)), or termination by the Company or a subsidiary of the Company for misconduct or other conduct deemed by the Company to be detrimental to the interests of the Company or a subsidiary of the Company, you shall forfeit all unvested RSUs on the date of termination.

  • Qualifying Termination of Employment A “Qualifying Termination of Employment” shall mean a termination of Executive’s employment during the Protected Period either (a) by the Company other than for Cause or (b) by Executive for a Good Reason. A termination of employment due to the Executive’s death or Disability during the Protected Period shall not constitute a Qualifying Termination of Employment.

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