Common use of QUALIFYING TERMINATION PAYMENTS AND CONDITIONS Clause in Contracts

QUALIFYING TERMINATION PAYMENTS AND CONDITIONS. The Executive and the Company acknowledge and agree that the Date of Termination is _______________, 20__. Payment of the compensation and severance amounts contained in the Agreement is subject to Executive’s execution and non-revocation of the Termination Release and is due pursuant to the terms described in the Agreement. Consistent with the revocation period described below, no such payment will be due sooner than eight days following the date that Executive executes the Termination Release.

Appears in 12 contracts

Samples: Employment Agreement (Ashford Inc.), Employment Agreement (Ashford Inc.), Employment Agreement (Ashford Inc.)

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QUALIFYING TERMINATION PAYMENTS AND CONDITIONS. The Executive and the Company acknowledge and agree that the Date of Termination is _______________, 20__20 . Payment of the compensation and severance amounts contained in the Agreement is subject to Executive’s execution and non-revocation of the Termination Release and is due pursuant to the terms described in the Agreement. Consistent with the revocation period described below, no such payment will be due sooner than eight days following the date that Executive executes the Termination Release.

Appears in 8 contracts

Samples: Employment Agreement (Ashford Inc.), Employment Agreement (Ashford Inc.), Employment Agreement (Braemar Hotels & Resorts Inc.)

QUALIFYING TERMINATION PAYMENTS AND CONDITIONS. The Executive and the Company acknowledge and agree that the Date of Termination is _______________, 20__. Payment of the compensation and severance amounts contained in the Agreement is subject to Executive’s execution and non-revocation of the Termination Release and is due pursuant to the terms described in the Agreement. Consistent with the revocation period described below, no such payment will be due sooner than eight days following the date that Executive executes the Termination Release.

Appears in 1 contract

Samples: Employment Agreement (Ashford Hospitality Trust Inc)

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QUALIFYING TERMINATION PAYMENTS AND CONDITIONS. The Executive and the Company acknowledge and agree that the Date of Termination is _____________________, 20___. Payment of the compensation and severance amounts contained in the Agreement is subject to Executive’s execution and non-revocation of the Termination Release and is due pursuant to the terms described in the Agreement. Consistent with the revocation period described below, no such payment will be due sooner than eight days following the date that Executive executes the Termination Release.

Appears in 1 contract

Samples: Employment Agreement (Ashford Inc.)

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