Payments upon Termination by Parent's Notice Sample Clauses

Payments upon Termination by Parent's Notice of Nonrenewal, by Executive for Good Reason or by Parent other than for Cause, Death or Disability. Upon the termination of this Agreement and Executive's employment by Parent's Notice of Nonrenewal pursuant to Paragraph 2, by Executive for Good Reason pursuant to Paragraph 5(d) or by Parent other than for Cause, Death or Disability pursuant to Paragraph 5(e), Executive shall be entitled to receive the following as severance (the "Severance"): (i) Parent will pay to Executive his then-current Base Salary for a period that is the greater of: (A) six (6) months or (B) through the expiration of the then current Term (whether the Initial Term or a Renewal Term) (the "Severance Period"); and (ii) Parent will provide Executive and his spouse and covered dependants with paid benefits at the same level and upon the same terms and conditions as provided immediately prior to Executive's termination for the duration of the Severance Period or until Executive (including his spouse and any covered dependants) is covered by benefits plans that are at least as favorable in cost and coverage as the plans under which he (including his spouse and any covered dependants) was covered prior to his termination. In addition, upon the termination of this Agreement by Parent's Notice of Nonrenewal pursuant to Paragraph 2 or by Parent other than for Cause, Death or Disability pursuant to Paragraph 5(e), Parent will pay to Executive his Incentive Compensation at the level provided for meeting 50% of his then-established goals through the entire Severance Period. Parent may condition Executive's receipt of the Severance hereunder upon Executive's written release of any claims against Parent based upon the termination of his employment.
Sample 1
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Related to Payments upon Termination by Parent's Notice

  • 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.

  • 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:

  • Rights Upon Termination Except as expressly provided in Section 6, upon the termination of the Executive’s Employment pursuant to this Section 5, the Executive shall only be entitled to the compensation, benefits and reimbursements described in Sections 2, 3 and 4 for the period preceding the effective date of the termination. The payments under this Agreement shall fully discharge all responsibilities of the Company to the Executive.

  • 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:

  • 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.

  • Actions Upon Termination Upon the termination of this Agreement, Issuer shall remove all references to any ODB Name, Branding and Content from the Issuer Site or Issuer Content and terminate all links on the Issuer Site to any ODB Site. ODB shall remove all references to Issuer Name, Branding and Content and terminate all links on the ODB Site to any Issuer Site. Each Party shall promptly return all Confidential Information, documents, manuals and other materials stored in any form or media (including but not limited to electronic copies) belonging to the other Party, except as may be otherwise provided in this Agreement or required by Law.

  • 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:

  • 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.

  • 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.

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