Common use of Payments to Employee Upon Termination of Employment Clause in Contracts

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.

Appears in 5 contracts

Samples: Employment and Non Competition Agreement (Primis Inc), Employment and Non Competition Agreement (Primis Inc), Employment and Non Competition Agreement (Primis Inc)

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Payments to Employee Upon Termination of Employment. A. Subject to the provisions of Sections 8(B7(B) and 8(C7(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 76, 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.

Appears in 2 contracts

Samples: Employment and Non Competition Agreement (Primis Inc), Employment and Non Competition Agreement (Primis Inc)

Payments to Employee Upon Termination of Employment. A. Subject to the provisions of Sections 8(B7(B) and 8(C7(C) below, in the event Employee's employment with the Company shall terminate during the Term for any of the reasons set forth reason including termination as provided in Section 76, 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.

Appears in 1 contract

Samples: Employment and Non Competition Agreement (Primis Inc)

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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 Common Stock of the Company shall cease and terminate as of the date of termination.

Appears in 1 contract

Samples: Employment and Non Competition Agreement (Primis Inc)

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