Result of Termination. Upon termination of Executive’s employment pursuant to this Section, Employer shall pay to Executive’s estate, on the Termination Date, a lump sum payment of an amount equal to (i) all accrued and unused vacation and sick pay payable to Executive by Employer with respect to serviced rendered by Executive to Employer through the Termination Date; and, (ii) if the Termination Date occurs during the Extended Term, an amount equal to twelve (12) months salary based upon the then existing salary of Executive, payable in the same manner as salary would have been paid to Executive had he continued to work for Employer hereunder. In addition to the foregoing, and notwithstanding the provisions of any other agreement to the contrary, Employer shall continue to provide for the benefit of Executive’s family the medical benefits for twelve (12) months following the Termination Date
Appears in 10 contracts
Samples: Employment Agreement (Nextphase Wireless, Inc.), Employment Agreement (Force Fuels Inc.), Employment Agreement (Nextphase Wireless, Inc.)
Result of Termination. Upon termination of Executive’s employment this Agreement pursuant to this SectionSection 6.6, Employer shall pay to Executive’s estate, on the Termination Date, a lump sum payment of an amount equal to (i) all accrued and unpaid salary and other compensation payable to Executive by Employer and all accrued and unused vacation and sick pay payable to Executive by Employer with respect to serviced services rendered by Executive to Employer through the Termination Date; and, (ii) if the Termination Date occurs during the Extended Term, an amount equal to twelve (12) months salary based upon the then existing salary of Executive, payable in the same manner as salary would have been paid to Executive had he continued to work for Employer hereunder. In addition to the foregoing, and notwithstanding the provisions of any other agreement to the contrary, Employer shall continue to provide to Executive all other benefits that would otherwise be payable to Executive pursuant to Section 5.1 hereof for the benefit of Executive’s family the medical benefits for twelve (12) months following the Termination Date.
Appears in 10 contracts
Samples: Executive Employment Agreement (Bioquest Corp), Executive Employment Agreement (Bioquest Corp), Executive Employment Agreement (Bioquest Corp)
Result of Termination. Upon termination of Executive’s employment pursuant to this Section, Section 6.3. Employer shall pay to Executive’s estate, on the Termination Datetermination date designated by Executive, a lump sum payment of an amount equal to (i) all accrued and unpaid salary and other compensation payable to Executive by Employer and all accrued and unused vacation and sick pay payable to Executive by Employer with respect to serviced services rendered by Executive to Employer through the Termination Date; and, (ii) if the Termination Date occurs during the Extended Term, an amount equal to twelve (12) months salary based upon the then existing salary of Executive, payable in the same manner as salary would have been paid to Executive had he continued to work for Employer hereunder. In addition to the foregoing, and notwithstanding the provisions of any other agreement to the contrary, Employer shall continue to provide to Executive all other benefits that would otherwise be payable to Executive pursuant to Section 5.1 hereof for the benefit of Executive’s family the medical benefits for twelve (12) months following the Termination Date.
Appears in 8 contracts
Samples: Executive Employment Agreement (Bioquest Corp), Executive Employment Agreement (Bioquest Corp), Executive Employment Agreement (Bioquest Corp)
Result of Termination. Upon termination of Executive’s employment pursuant to this SectionSection 6.1, Employer shall pay to Executive’s estate, on the Termination Date, a lump sum payment of an amount equal to (i) all accrued and unused vacation and sick pay payable to Executive by Employer with respect to serviced rendered by Executive to Employer through the Termination Date; and, (ii) if the Termination Date occurs during the Extended Term, an amount equal to twelve (12) months salary based upon the then existing salary of Executive, payable in the same manner as salary would have been paid to Executive had he continued to work for Employer hereunder. In addition to the foregoing, and notwithstanding the provisions of any other agreement to the contrary, Employer shall continue to provide for the benefit of Executive’s family the medical benefits referred to in Section 5.1 hereof for twelve (12) months following the Termination Date.
Appears in 3 contracts
Samples: Executive Employment Agreement (Bioquest Corp), Executive Employment Agreement (Oxford Media, Inc.), Executive Employment Agreement (Oxford Media, Inc.)
Result of Termination. Upon termination of Executive’s 's employment pursuant to this Section, Section 6.3. Employer shall pay to Executive’s estate, on the Termination Datetermination date designated by Executive, a lump sum payment of an amount equal to (i) all accrued and unpaid salary and other compensation payable to Executive by Employer and all accrued and unused vacation and sick pay payable to Executive by Employer with respect to serviced services rendered by Executive to Employer through the Termination Date; and, (ii) if the Termination Date occurs during the Extended Term, an amount equal to twelve (12) months salary based upon the then existing salary of Executive, payable in the same manner as salary would have been paid to Executive had he continued to work for Employer hereunder. In addition to the foregoing, and notwithstanding the provisions of any other agreement to the contrary, Employer shall continue to provide to Executive all other benefits that would otherwise be payable to Executive pursuant to Section 5.1 hereof for the benefit of Executive’s family the medical benefits for twelve (12) months following the Termination Date.
Appears in 2 contracts
Samples: Executive Employment Agreement (Oxford Media, Inc.), Executive Employment Agreement (Oxford Media, Inc.)
Result of Termination. Upon termination of Executive’s 's employment pursuant to this SectionSection 6.1, Employer shall pay to Executive’s 's estate, on the Termination Date, a lump sum payment of an amount equal to (i) all accrued and unused vacation and sick pay payable to Executive by Employer with respect to serviced rendered by Executive to Employer through the Termination Date; and, (ii) if the Termination Date occurs during the Extended Term, an amount equal to twelve (12) months salary based upon the then existing salary of Executive, payable in the same manner as salary would have been paid to Executive had he continued to work for Employer hereunder. In addition to the foregoing, and notwithstanding the provisions of any other agreement to the contrary, Employer shall continue to provide for the benefit of Executive’s 's family the medical benefits referred to in Section 5.1 hereof for twelve (12) months following the Termination Date.
Appears in 2 contracts
Samples: Executive Employment Agreement (Oxford Media, Inc.), Executive Employment Agreement (Oxford Media, Inc.)
Result of Termination. Upon termination of Executive’s employment pursuant to this Section, Employer shall pay to Executive’s estate, on the Termination Date, a lump sum payment of an amount equal to (i) all accrued and unused vacation and sick pay payable to Executive by Employer with respect to serviced rendered by Executive to Employer through the Termination Date; and, (ii) if the Termination Date occurs during the Extended Term, an amount equal to twelve (12) months salary based upon the then existing salary of Executive, payable in the same manner as salary would have been paid to Executive had he continued to work for Employer hereunder. In addition to the foregoing, and notwithstanding the provisions of any other agreement to the contrary, Employer shall continue to provide for the benefit of Executive’s family the medical benefits for twelve (12) months following the Termination Date.
Appears in 1 contract