Common use of Payments to Executive Upon Termination of This Agreement Clause in Contracts

Payments to Executive Upon Termination of This Agreement. (i) In the event this Agreement is terminated prior to the expiration of the Term by the Company without Cause, the Company shall pay to Executive the amounts set forth in this Section 5(B)(i) within thirty (30) days of the effective date of termination: (a) an amount equal to Executive's accrued but unpaid Base Salary; (b) reimbursement for any reimbursable business expenses incurred in accordance with this Agreement prior to the Termination Date; (c) Executive's Base Salary for the remainder of the Term, payable as and when such Base Salary otherwise would have been payable in accordance with the Company's payroll practices; (d) an amount equal to any earned but unpaid Bonus prior to the Termination Date and (e) any other amounts or benefits due under this Agreement and any benefit plan, or program through the remainder of the original employment term in accordance with the terms of said plan or program, but without duplication.

Appears in 1 contract

Samples: Employment Agreement (National Investment Managers Inc.)

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Payments to Executive Upon Termination of This Agreement. (i) In the event this Agreement is terminated prior to the expiration of the Term by the Company without Cause, the Company shall pay to Executive the amounts set forth in this Section 5(B)(i) within thirty (30) days of the effective date of termination: (a) an amount equal to Executive's accrued but unpaid Base SalarySalary and earned but unpaid Bonus prior to the Termination Date; (b) reimbursement for any reimbursable business expenses incurred in accordance with this Agreement prior to the Termination DateDate including Covered Fringe Benefit payments; (c) Executive's Base Salary for the remainder of the TermTerm (determined without regard to the termination provisions of this Section 5), payable as and when such Base Salary otherwise would have been payable in accordance with the Company's payroll practices; and (d) an amount equal to any earned but unpaid Bonus prior to the Termination Date and (e) any other amounts or benefits due under this Agreement and any benefit plan, or program through the remainder of the original employment term Term in accordance with the terms of said plan or program, but without duplication.

Appears in 1 contract

Samples: Employment Agreement (National Investment Managers Inc.)

Payments to Executive Upon Termination of This Agreement. (i) In the event this Agreement is terminated prior to the expiration of the Term by the Company without Cause, the Company shall pay to Executive the amounts set forth in this Section 5(B)(i) within thirty (30) days of the effective date of termination: (a) an amount equal to Executive's accrued but unpaid Base SalarySalary and earned but unpaid Bonus prior to the Termination Date; (b) reimbursement for any reimbursable business expenses incurred in accordance with this Agreement prior to the Termination Date; (c) Executive's Base Salary for the remainder of the TermTerm (determined without regard to the termination provisions of this Section 5), payable as and when such Base Salary otherwise would have been payable in accordance with the Company's payroll practices; and (d) an amount equal to any earned but unpaid Bonus prior to the Termination Date and (e) any other amounts or benefits due under this Agreement and any benefit plan, or program through the remainder of the original employment term Term in accordance with the terms of said plan or program, but without duplication.

Appears in 1 contract

Samples: Employment Agreement (National Investment Managers Inc.)

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Payments to Executive Upon Termination of This Agreement. (i) In the event this Agreement is terminated prior to the expiration of the Term by the Company without Cause, the Company shall pay to Executive the amounts set forth in this Section 5(B)(i) within thirty (30) days of the effective date of termination: (a) an amount equal to Executive's accrued but unpaid Base SalarySalary and earned but unpaid bonus prior to the date of termination; (b) reimbursement for any reimbursable business expenses incurred in accordance with this Agreement prior to the Termination Date; (c) Executive's Base Salary for the remainder of the Term, payable as and when such Base Salary otherwise would have been payable in accordance with the Company's payroll practices; and (d) an amount equal to any earned but unpaid Bonus prior to the Termination Date and (e) any other amounts or benefits due under this Agreement and any benefit plan, or program through the remainder of the original employment term in accordance with the terms of said plan or program, but without duplication.

Appears in 1 contract

Samples: Employment Agreement (National Investment Managers Inc.)

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