Salary and Benefits Upon Termination. In the event of termination of employment, Executive shall receive all regular Base Salary due up to the date of termination, and if it has not previously been paid to Executive, Executive shall be paid any Declared Bonus to which Executive had become entitled under the Bonus Plan prior to the effective date of such termination and the Company shall have no further obligation hereunder from and after the effective date of termination except as may be provided in the Separation and Severance Agreement and the Company shall have all other rights and remedies available under this Agreement or any other agreement and at law or in equity. Executive’s stock options with respect to the Company’s stock shall be subject to the terms of the Trimeris, Inc. Amended and Restated Stock Incentive Plan or any successor plan, which is a separate agreement, and this Agreement does not create any rights with respect to stock options. In the event of termination, Executive’s rights to benefits other than severance shall be governed by the terms of the Company’s retirement, insurance and other benefit plans and programs then in effect in accordance with the terms of such plans. Executive’s right to severance benefits, if any, shall be governed by the terms of the Separation and Severance Agreement attached hereto as Exhibit B (the “Severance Agreement”); provided, however, the Executive shall be entitled to de novo review of any material violation of the Severance Agreement, or denial of any claim, or eligibility for any claim thereunder exclusively as provided in the Resolution of Dispute provisions of Section 12 of this Agreement. The Severance Agreement is incorporated in this Agreement by reference and is hereby made a part of this Agreement as if fully set forth herein.
Salary and Benefits Upon Termination. Except as specifically provided herein, all salary and other benefits shall terminate as of the effective date of termination if Employee resigns. If involuntarily terminated (except following a Change in Control, as provided for below) and in consideration for the obligations of Employee pursuant to paragraphs 15 and 16 of the Employment Agreement, Employee shall be entitled to a termination or severance salary equal to five (5) years of the annual base salary earned by Employee immediately prior to termination. Employee shall have the option to accelerate payments of the severance salary and receive the full amount upon termination, in Employee's sole discretion. Unless precluded by law, any medical and dental insurance coverage and life insurance coverage and benefits shall continue for thirty (30) days after termination or until Employee is re-employed, whichever shall first occur.
Salary and Benefits Upon Termination. All salary and other benefits shall terminate as of the effective date of termination if Employee resigns. If involuntarily terminated for cause, the salary will continue for the initial five year term of this Agreement. Unless precluded by law, any medical and dental insurance coverage and life insurance coverage and benefits shall continue for thirty (30) days after termination or until Employee is reemployed, whichever shall first occur.
Salary and Benefits Upon Termination. All salary and other benefits shall terminate as of the effective date of termination if Employee resigns. If involuntarily terminated and in consideration for the obligations of Employee pursuant to paragraphs 8 and 9 of the Employment Agreement, Employee shall be entitled to a termination or severance salary equal to five (5) years of the annual base salary earned by Employee immediately prior to termination. Employee shall have the option to accelerate payments of the severance salary and receive the full amount upon termination, in Employee's sole discretion. Employer agrees that all unregistered stock received or to be received by the Employee under any stock option plan provided by Employer shall be registered as soon after the termination date as possible, and in no event later than six (6) months from the date of termination. Employee shall have the right to exercise any stock option within five (5) business days of the date of termination of Employee. Unless precluded by law, any medical and dental insurance coverage and life insurance coverage and benefits shall continue for thirty (30) days after termination or until Employee is shall first occur."
Salary and Benefits Upon Termination. All salary and other benefits shall terminate as of the effective date of termination if Employee resigns. If involuntarily terminated and in consideration for the obligations of Employee pursuant to paragraphs 8 and 9 of the Employment Agreement, Employee shall been titled to a termination or severance salary equal to five (5) years of the annual base salary earned by Employee immediately prior to termination. Employee shall have the option to accelerate payments of the severance salary and receive the full amount upon termination, in Employee's sole discretion. Employer agrees that all unregistered stock received or to be received by the Employee under any stock option plan provided by Employer shall be registered as soon after the termination date as possible, and in no event later than six (6) months from the date of termination. Employee shall have the right to exercise any stock option within five
Salary and Benefits Upon Termination. Upon any termination of the employment of Employee, the Employee shall be entitled only to the following salary and benefits:
Salary and Benefits Upon Termination. In the event of termination of appointment (as an officer or otherwise), Bonczek shall receive all regular Base Salary due up to the xxxx xf termination, and if it has not previously been paid to Bonczek, Bonczek shall be paid any Bonus to which Bonczek hxx xxxxme xxxxxxed under the Bonus Plan prior to txx xxxxctive date of such termination and the Company shall have no further obligation hereunder from and after the effective date of termination except as may be provided in the Severance Agreement and the Company shall have all other rights and remedies available under this Agreement or any other agreement and at law or in equity. Bonczek's stock options with respect to the Company's stock shall be subject to the terms of the Trimeris, Inc. Amended and Restated Stock Incentive Plan and applicable option agreements thereunder, or any successor plans and agreements, which are not part of this Agreement. Bonczek's right to severance benefits, if any, shall be governed by xxx terms of the Separation and Severance Agreement attached hereto as Exhibit B (the "Severance Agreement"); provided, however, Bonczek, shall be entitled to de novo review of any materiax xxxxxtion of the Severance Agreement, or denial of any claim, or eligibility for any claim thereunder exclusively as provided in the Resolution of Dispute provisions of Section 12 of this Agreement.
Salary and Benefits Upon Termination. In the event of termination of employment, Executive shall receive all regular Base Salary due up to the date of termination, any accrued but unused vacation (if and to the extent consistent with the Company’s policies), any incurred but unreimbursed business expenses, and if it has not previously been paid to Executive, Executive shall be paid any Bonus due to Executive for any fiscal year ending prior to the effective date of such termination, any rights under any benefit or equity plan, program or practice and his rights to indemnification and directors and officers liability insurance (the “Accrued Amounts and Rights”). In the event such termination is as a result of death, Disability, termination without Cause or termination for Good Reason, Executive shall be entitled to a pro rata Bonus for the year of termination based on actual results for the year with respect to the Company performance factors and on the contribution he made with respect to his individual performance factors during the portion of the year during which Executive was employed, payable when bonuses to other senior executives are paid. Executive’s right to severance benefits, if any, shall be governed by the terms of the Separation and Severance Agreement attached hereto as Exhibit C (the “Severance Agreement”); provided, however, the Resolution of Dispute provisions of Section 12 of this Agreement shall also apply to the Severance Agreement. The Severance Agreement is incorporated in this Agreement by reference and is hereby made a part of this Agreement as if fully set forth herein.
Salary and Benefits Upon Termination. Except as specifically provided herein, all salary and other benefits shall terminate as of the effective date of termination if Employee resigns. If involuntarily terminated (except following a Change in Control, as provided for below) and in consideration for the obligations of Employee pursuant to paragraphs 15 and 16 of the Employment Agreement, Employee shall be entitled to a termination or severance salary equal to the remainder of the contract at the time of termination. This salary will be paid one-half in cash and one-half in the form of restricted common stock at $1.00 per share. Employee shall have the option to accelerate payments of the severance salary and receive the full amount upon termination, in Employee's sole discretion. Unless precluded by law, any medical and dental insurance coverage and benefits shall continue for thirty (30) days after termination or until Employee is re-employed, whichever shall first occur.
Salary and Benefits Upon Termination. In the event of termination of employment, Executive shall receive all regular Base Salary due up to the date of termination, any accrued but unused vacation (if and to the extent consistent with the Company’s policies), any incurred but unreimbursed business expenses, and if it has not previously been paid to Executive, Executive shall be paid any Bonus due to Executive for any fiscal year ending prior to the effective date of such termination, any rights under any benefit or equity plan, program or practice and his rights to indemnification and directors and officers liability insurance (the “Accrued Amounts and Rights”). Executive’s right to severance benefits, if any, shall be governed by the terms of the Separation and Severance Agreement attached hereto as Exhibit B (the “Severance Agreement”); provided, however, the Resolution of Dispute provisions of Section 12 of this Agreement shall also apply to the Severance Agreement. The Severance Agreement is incorporated in this Agreement by reference and is hereby made a part of this Agreement as if fully set forth herein.
