Payments Upon Section 6 Termination Sample Clauses

Payments Upon Section 6 Termination. Within forty-five (45) days of a termination by reason of death or Disability pursuant to Section 6.1 or Section 6.2 hereof, respectively, the Legal Representative or Employee (or Employee's Guardian), as the case may be, shall be entitled to receive and be paid Employee's Base Salary as in effect on the date of termination, payable at the Company's regular and customary intervals for the payment of salaries as then in effect, for the lesser of three (3) months or the remaining term of this Agreement (the "Payment Period"), and, except as otherwise provided below, no other or further amounts or payments (other than any previously due and unpaid amounts to which Employee is entitled through the date of death or Disability, as the case may be). In addition, in the event of a Disability termination pursuant to Section 6.2 hereof, during such Payment Period the Company shall continue to provide to Employee, at the Company's expense, the health and medical insurance benefits described in Section 5.1(c) hereof as in effect at the date of termination (and solely in accordance with the terms and provisions of such benefits and related plans). Employee shall also be entitled to receive in one lump sum, payable within 30 days of the date of termination, any benefits or entitlements, including, without limitation, any portion of Bonus that was deferred under the Pollo Tropical Executive Bonus Plan and any vesting of Stock Options, in the case of such Stock Options, solely as such are specifically provided for, in the event of death or Disability, as the case may be, under the terms, provisions and conditions of the Option Agreement. Employee shall accept payment pursuant to this Section 6 in full discharge and release of the Company of and from any further obligation or liability under this Agreement.
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Related to Payments Upon Section 6 Termination

  • Payments Upon Termination (a) In the event the Employee’s employment is terminated pursuant to Section 4.1, Section 4.2, Section 4.4 or Section 4.6, the Company shall pay to the Employee the compensation and benefits otherwise payable to him or her under Sections 3.1 and 3.4 through the last day of his or her actual employment by the Company.

  • Payment Upon Termination Termination of this Agreement shall not affect the right of the Adviser to receive payment on any unpaid balance of the compensation described in Section 2 earned prior to such termination.

  • PAYMENTS UPON A CHANGE IN CONTROL (a) The term “

  • Rights and Payments Upon Termination The Executive’s right to compensation and benefits for periods after the date on which his employment with the Company terminates for whatever reason (the “Termination Date”), shall be determined in accordance with this Section 6 as follows:

  • Payments Upon Death In the event payments are due and owing under this Agreement at the death of the Executive, payment shall be made to such beneficiary as the Executive may designate in writing, or failing such designation, to the executor of his estate, in full settlement and satisfaction of all claims and demands on behalf of the Executive.

  • Certain Benefits Upon Termination Executive’s employment shall be terminated upon the earlier of (i) the voluntary resignation of Executive with or without Good Reason; (ii) Executive’s death or permanent disability; or (iii) upon the termination of Executive’s employment by LTC for any reason at any time. In the event of such termination, the below provisions of this Section 6 shall apply, and in the event of a Change in Control, whether or not Executive’s employment is terminated thereby, Section 6(b) shall apply.

  • Events Upon Termination Upon the expiration or termination of this Agreement for any reason, both parties shall immediately remove all links to the other party's Content and website(s) and cease all use of the other party's Marks and any and all use of any kind whatsoever of the other party's Content.

  • Benefits Upon Termination If the Executive’s employment by the Company is terminated during the Period of Employment for any reason by the Company or by the Executive, or upon or following the expiration of the Period of Employment (in any case, the date that the Executive’s employment by the Company terminates is referred to as the “Severance Date”), the Company shall have no further obligation to make or provide to the Executive, and the Executive shall have no further right to receive or obtain from the Company, any payments or benefits except as follows:

  • Deliveries Upon Termination Upon termination of this Agreement, ALPS agrees to cooperate in the orderly transfer of distribution duties and shall deliver to the Fund or as otherwise directed by the Fund (at the expense of the Fund) all records and other documents made or accumulated in the performance of its duties for the Fund hereunder. In the event ALPS gives notice of termination under this Agreement, it will continue to provide the services contemplated hereunder after such termination at the contractual rate for up to 120 days, provided that the Fund uses all reasonable commercial efforts to appoint such replacement on a timely basis.

  • PAYMENTS AND BENEFITS UPON TERMINATION (a) If within eighteen (18) months after a Change in Control, the Company terminates Employee's employment other than by reason of Employee's death, Disability, Retirement or for Cause, or if Employee terminates Employee's employment for Good Reason, then the Employee shall be entitled to the following payments and benefits:

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