RIGHTS OF EMPLOYEE UPON TERMINATION Sample Clauses

RIGHTS OF EMPLOYEE UPON TERMINATION. In the event that Employee is terminated, Employee shall only be entitled to receive the unpaid salary accrued to the date of termination. The amounts paid to Employee by Employer shall be as full settlement of its obligations to Employee hereunder.
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RIGHTS OF EMPLOYEE UPON TERMINATION. (A) HPI may terminate Employee "Without Cause" at any time upon giving written notice to Employee. HPI shall then pay Employee "Severance Pay" equal to Employee's Base Salary and benefits in accordance with the paragraphs of Article 4 above for the remaining term of this Agreement until the Termination Date or for one year whichever period is longer. "
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RIGHTS OF EMPLOYEE UPON TERMINATION. Upon termination of the Executive's employment pursuant to Section 2.1(a) or 2.1(b), the Company shall have no further obligation to the Executive under this Agreement except to distribute to the Executive or the Executive's estate or designated beneficiary (i) the Executive's compensation due pursuant to Section 1.3(a)(i) hereof up to the date of the next payment period subsequent to such termination, and (ii) any bonus owing under Section 1.3(a)(ii) hereof in accordance with the bonus plan then in effect. Upon termination by the Company of the Executive's employment for any reason other than cause as defined in Section 2.1(b), the Executive shall be entitled to a severance payment in an amount equal to six (6) months of the then current Base Salary. This severance payment shall be a total payment which Executive will receive upon such termination and is not in addition to any other severance or bonus entitlement.
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RIGHTS OF EMPLOYEE UPON TERMINATION. Upon any termination of this Agreement, Employee shall be entitled exclusively to the benefits, if any, and subject to the limitations contained in this Agreement and the Stock Option Agreement. Except as expressly provided in those two Agreements, Employee shall not be entitled to any other monetary benefits or compensation provided to any other employees of the Employer including but not limited to, any severance benefits, incentive compensation, or any additional compensation for termination of employment with Employer. In no event shall this provision abrogate any obligations the Employer has to Employee under state and federal law.
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RIGHTS OF EMPLOYEE UPON TERMINATION. (A) HPA may terminate Employee "Without Cause" at any time upon giving written notice to Employee. HPA shall then pay Employee "Severance Pay" equal to Employee's Base Salary and benefits in accordance with the paragraphs of Article 4 above for the remaining term of this Agreement until the Termination Date or for one year whichever period is shorter. "Severance Pay" shall also include a calendar based pro-rata bonus for the year of termination. Severance pay shall be paid in equal installments on HPA's normal payment schedule or in lump sum(s) at Employer's option, however in no event shall any lump sum payments be paid in a manner slower than Employee's normal payment schedule. Additionally, the Employee shall receive "Severance Pay" as described above if at any time the Employee's duties or terms of employment materially change and Employee elects to leave the employ of HPA as a result of such change. If Employee is terminated Without Cause, he shall also be paid on the date of termination: any earned base salary, any earned but unpaid bonuses from a prior year, any accrued vacation time, and any unreimbursed business expenses submitted in accordance with the provisions of paragraph 4.10. (B) HPA may terminate Employee for "Cause" at any time, with or without advance notice upon giving written notice to Employee, if Employee has: (i) committed material fraud, material misappropriation or material theft; ( ii) engaged in gross misconduct in the performance of his duties; (iii) engaged in unlawful conduct which has a material adverse effect on HPA; or (iv) been convicted of a felony. If Employee is terminated for "Cause" he shall also be paid on the date of termination: any earned base salary, any earned but unpaid bonuses from a prior year, any accrued vacation time, and any unreimbursed business expenses submitted in accordance with the provisions of paragraph 4.10. Employee shall have no other rights whatsoever pursuant to this Agreement except as may be provided for in the Company's Incentive Stock Option Plan(s). This Employment Agreement shall terminate immediately upon such written notice to Employee.
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RIGHTS OF EMPLOYEE UPON TERMINATION. (a) Upon the death of Employee, the Company and its subsidiaries shall have no further obligation to Employee under this Agreement except to reimburse Employee's estate for expenses incurred by Employee prior to his death and to distribute to Employee's estate or designated beneficiary Employee's Base Salary due pursuant to Section 1.3 (a) hereof up to the date of the next payment period subsequent to his death and the pro rata portion of the Annual Bonus that would have been paid to Employee with respect to such year in accordance with Section 1.3 (c). (b) Upon the termination of Employee's employment pursuant to Sections 2.1 (b), 2.1 (c) or 2.1 (f), the Company and its subsidiaries shall have no further obligation to Employee under this Agreement except to reimburse him for expenses incurred prior to the date of termination and distribute to Employee Employee's Base Salary due pursuant to Section 1.3 (a) hereof up to the date of termination and, in the case of termination pursuant to Section 2.1 (b), the pro rata portion of the Annual Bonus payable with respect to such year in accordance with Section 1.3 (c). (c) Upon the termination of Employee's employment pursuant to Section 2.1 (d) or (e) hereof, the Company shall be obligated to reimburse Employee for expenses incurred prior to the date of termination and to distribute to Employee Employee's Base Salary due pursuant to Section 1.3 (a) hereof up to June 1, 1998 and the pro rata portion of the Annual Bonus payable with respect to the year in which termination of Employee's employment occurred in accordance with Section 1.3 (c). (d) Nothing in this Agreement shall limit the right of Employee and his family to continue to receive Additional Benefits for which he or his family are eligible at the time of his death or other termination of employment under the terms of the then existing plans, policies, programs or arrangements. For purposes of eligibility for retiree benefits pursuant to such plans, policies, programs, and arrangements, Employee shall be considered to have remained employed until June 1, 1998 and to have retired on that day unless termination of Employee's employment is pursuant to Sections 2.1 (c) or 2.1 (f) hereof, in which case the actual date of termination of employment shall govern. Amounts which are vested benefits or which Employee is otherwise entitled to receive under any plan, policy, program or arrangement at or subsequent to the date of termination of employment shall be paya...
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RIGHTS OF EMPLOYEE UPON TERMINATION. (A) HPA may terminate Employee "Without Cause" at any time upon giving written notice to Employee. HPA shall then pay Employee "Severance Pay" equal to Employee's Base Salary and benefits in accordance with the paragraphs of Article 4 above for the remaining term of this Agreement until the Termination Date or for three years whichever period is shorter. "
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Related to RIGHTS OF EMPLOYEE UPON TERMINATION

  • Rights Upon Termination of Employment The terms which regulate the treatment of the International Participant's Restricted Stock Units upon termination of employment are set out in the Plan and in the Award Documents. In summary, upon the International Participant's termination of employment for any reason other than death, Disability or Retirement, any unvested Restricted Stock Units shall be forfeited and cancelled on the date of such termination of employment.

  • Benefits Upon Termination of Employment If the Executive is entitled to benefits pursuant to this Section 2, the Company agrees to pay or provide to the Executive as severance payment, the following:

  • Payments Upon Termination of Employment (a) If Executive's employment with the Company is terminated by reason of:

  • Benefits Upon Termination If the Executive’s employment by the Company is terminated during the Period of Employment for any reason by the Company or by the Executive, or upon or following the expiration of the Period of Employment (in any case, the date that the Executive’s employment by the Company terminates is referred to as the “Severance Date”), the Company shall have no further obligation to make or provide to the Executive, and the Executive shall have no further right to receive or obtain from the Company, any payments or benefits except as follows:

  • Company Obligations Upon Termination of Employment During the Term of this Agreement, the Company shall have the following obligations upon the termination of the Executive’s employment with the Company as described in this Section 5:

  • Rights Upon Termination Except as expressly provided in Section 6, upon the termination of the Executive’s Employment pursuant to this Section 5, the Executive shall only be entitled to the compensation, benefits and reimbursements described in Sections 2, 3 and 4 for the period preceding the effective date of the termination. The payments under this Agreement shall fully discharge all responsibilities of the Company to the Executive.

  • Compensation Upon Termination of Employment If the Executive’s employment hereunder is terminated, in accordance with the provisions of Article III hereof, and except for any other rights or benefits specifically provided for herein to be effective following the Executive’s period of employment, the Company will provide compensation and benefits to the Executive only as follows:

  • Actions Upon Termination In the event of termination not the fault of the Contractor, the Contractor shall be paid for the services properly performed prior to termination, together with any reimbursable expenses then due, but in no event shall such compensation exceed the maximum compensation to be paid under the Contract. The Contractor agrees that this payment shall fully and adequately compensate the Contractor and all subcontractors for all profits, costs, expenses, losses, liabilities, damages, taxes, and charges of any kind whatsoever (whether foreseen or unforeseen) attributable to the termination of this Contract. Upon termination for any reason, the Contractor shall provide Seattle with the most current design documents, contract documents, writings and other product it has completed to the date of termination, along with copies of all project-related correspondence and similar items. Seattle shall have the same rights to use these materials as if termination had not occurred.

  • Compensation and Benefits Upon Termination of Employment (a) If the Company shall terminate the Executive's employment after a Change in Control other than pursuant to Section 3(b), 3(c) or 3(d) and Section 3(f), or if the Executive shall terminate his employment for Good Reason, then the Company shall pay to the Executive, as severance compensation and in consideration of the Executive's adherence to the terms of Section 5 hereof, the following:

  • Certain Benefits Upon Termination Executive’s employment shall be terminated upon the earlier of (i) the voluntary resignation of Executive with or without Good Reason; (ii) Executive’s death or permanent disability; or (iii) upon the termination of Executive’s employment by LTC for any reason at any time. In the event of such termination, the below provisions of this Section 6 shall apply, and in the event of a Change in Control, whether or not Executive’s employment is terminated thereby, Section 6(b) shall apply.

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