Common use of Rights and Remedies on Termination Clause in Contracts

Rights and Remedies on Termination. (i) If the Employee's employment hereunder is terminated pursuant to ss.6(a) or by the Employer pursuant to ss.6(c), then the Employee (or his estate, as applicable) shall be entitled to receive payment, in accordance with the Employer's then current payroll practices, of the Employee's Base Salary in effect at the time of such termination for one year following such termination; provided, however, that in the case of a termination by the Employer pursuant to ss.6(c), the Employee shall be required to mitigate his damages by accepting other suitable employment during such period and the Employer shall be entitled to reduce the amount payable by the Employer under this ss.6(d)(i) by an amount equal to the income received by the Employee pursuant to such new employment. (ii) Except as otherwise set forth in this ss.6(d), the Employee shall not be entitled to any severance or other compensation after termination other than payment of any portion of his Base Salary through the date of his termination and any expense reimbursements under ss.5 hereof for expenses incurred in the performance of his duties prior to termination.

Rights and Remedies on Termination. (i) If the Employee's employment hereunder is terminated pursuant to ss.6(aSection 6(a) or by the Employer pursuant to ss.6(cSection 6(c), then the Employee (or his estate, as applicable) shall be entitled to receive payment, in accordance with the Employer's then current payroll practices, of the Employee's Base Salary in effect at the time of such termination for one year following such termination; providedPROVIDED, howeverHOWEVER, that in the case of a termination by the Employer pursuant to ss.6(cSection 6(c), the Employee shall be required to mitigate his damages by accepting other suitable employment during such period and the Employer shall be entitled to reduce the amount payable by the Employer under this ss.6(d)(iSection 6(d)(i) by an amount equal to the income received by the Employee pursuant to such new employment. (ii) Except as otherwise set forth in this ss.6(dSection 6(d), the Employee shall not be entitled to any severance or other compensation after termination other than payment of any portion of his Base Salary through the date of his termination and any expense reimbursements under ss.5 Section 5 hereof for expenses incurred in the performance of his duties prior to termination.