Common use of Result of Termination Clause in Contracts

Result of Termination. Upon termination of this Agreement pursuant to this Section 6.4, Employer shall pay to Executive, on the Termination Date, a lump sum payment of an amount equal to 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 services rendered by Executive to Employer through the Termination Date.

Appears in 11 contracts

Samples: Executive Employment Agreement (Bioquest Corp), Executive Employment Agreement (Bioquest Corp), Executive Employment Agreement (Bioquest Corp)

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Result of Termination. Upon termination of this Agreement pursuant to this Section 6.46.5, Employer shall pay to Executive, on the Termination Date, a lump sum payment of an amount equal to 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 services rendered by Executive to Employer through the Termination Date.

Appears in 11 contracts

Samples: Executive Employment Agreement (Bioquest Corp), Executive Employment Agreement (Bioquest Corp), Executive Employment Agreement (Bioquest Corp)

Result of Termination. Upon termination of this Agreement Executive's employment pursuant to this Section 6.46.5, Employer shall pay to Executive, on the Termination Date, a lump sum payment of an amount equal to 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 services rendered by Executive to Employer through the Termination Date.

Appears in 1 contract

Samples: Executive Employment Agreement (Biodiesel Industries Inc)

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Result of Termination. Upon termination of this Agreement Executive's employment pursuant to this Section 6.4, Employer shall pay to Executive, on the Termination Date, a lump sum payment of an amount equal to 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 services rendered by Executive to Employer through the Termination Date.

Appears in 1 contract

Samples: Executive Employment Agreement (Biodiesel Industries Inc)

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