Common use of Rights and Obligations of the Company and the Executive Upon Termination, or Removal Clause in Contracts

Rights and Obligations of the Company and the Executive Upon Termination, or Removal. Upon the termination of his employment for whatever reason, Executive shall be entitled to all salary and other benefits earned and accrued through his termination date, including any Preceding Bonus that is accrued but remains unpaid. In addition, and notwithstanding the other provisions of this Agreement, but subject to Section 8.9 and to the extent permissible by Section 409A, upon the occurrence of an event described in Section 4, the parties shall have the following rights and obligations:

Appears in 2 contracts

Samples: Employment Agreement (Iec Electronics Corp), Employment Agreement (Iec Electronics Corp)

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Rights and Obligations of the Company and the Executive Upon Termination, or Removal. Upon the termination of his employment for whatever reason, Executive shall be entitled to all salary and other benefits earned and accrued through his termination date, including any Preceding Bonus that is accrued but remains unpaid. In addition, and notwithstanding the other provisions of this Agreement, but subject to Section 8.9 9.9 and to the extent permissible by Section 409A, upon the occurrence of an event described in Section 4, the parties shall have the following rights and obligations:

Appears in 2 contracts

Samples: Employment Agreement (Iec Electronics Corp), Employment Agreement (Iec Electronics Corp)

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