Common use of Payments Upon a Termination Event Clause in Contracts

Payments Upon a Termination Event. 4.2.1 Following any termination of the Executive’s employment, the Company shall pay or provide to the Executive, or the Executive’s estate or beneficiary, as the case may be: (i) Base Salary earned through the Termination Date; (ii) the balance of any awarded but as yet unpaid, annual cash bonus or other incentive awards for any fiscal year prior to the fiscal year during which the Executive’s Termination Date occurs; (iii) any vested, but not forfeited benefits on the Termination Date, under the Company’s employee benefit plans in accordance with the terms of such plans; and (iv) benefit continuation and conversion rights to which the Executive is entitled under the Company’s employee benefit plans.

Appears in 4 contracts

Samples: Employment Agreement (Quality Distribution Inc), Employment Agreement (Quality Distribution Inc), Employment Agreement (Quality Distribution Inc)

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Payments Upon a Termination Event. 4.2.1 Following any termination of the Executive’s employment, the Company shall pay or provide to the Executive, or the Executive’s estate or beneficiary, as the case may be: (i) Base Salary earned through the Termination Date; (ii) the balance of any awarded but as yet unpaid, annual cash bonus or other incentive awards for any fiscal year prior to the fiscal year during which the Executive’s Termination Date occurs; (iii) any vested, but not forfeited forfeited, benefits on the Termination Date, under the Company’s employee benefit plans in accordance with the terms of such plans; and (iv) benefit continuation and conversion rights to which the Executive is entitled under the Company’s employee benefit plans.

Appears in 1 contract

Samples: Employment Agreement (Quality Distribution Inc)

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Payments Upon a Termination Event. 4.2.1 Following any termination of the Executive’s 's employment, the Company shall pay or provide to the Executive, or the Executive’s 's estate or beneficiary, as the case may be: , (i) Base Salary earned through the Termination Date; (ii) the balance of any awarded earned but as yet unpaid, annual cash bonus incentive or other incentive awards for any fiscal year prior to the fiscal year during which the Executive’s Termination Date occursawards; (iii) a payment representing the Executive's accrued but unused vacation; (iv) any vested, but not forfeited benefits on the Termination Date, Date under the Company’s 's employee benefit plans in accordance with the terms of such plans; and (ivv) benefit continuation and conversion rights to which the Executive is entitled under the Company’s 's employee benefit plans.

Appears in 1 contract

Samples: Employment Agreement (Foster Wheeler LTD)

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