Termination After Expiration Of Term Sample Clauses

Termination After Expiration Of Term. Should the Manager continue beyond the end of the Term as an at-will employee under Section 2(b) above, the Town may terminate the employment of the Manager at any time without cause by giving notice, to the Manager given at least 30 days before the termination date. If the Manager resigns during the at will period, the Manager shall likewise give the Town at least 30 days advance notice. Such notice shall specify the date of employment termination.

Termination After Expiration Of Term. In the event that, following the expiration of the Term, Employer terminates Employee without Cause, or Employee resigns his employment with Employer for any reason, in addition to his base salary through the date of termination and any other vested benefits and/or compensation to which Employee may be entitled under, and subject to the terms and conditions of employee benefit plans and programs maintained by Employer: (i) Employee shall be entitled to receive the amount (based on the attainment of the target performance for each such award), of any outstanding and unpaid long-term incentive compensation awards that Employer had previously made to Employee pursuant to paragraph 4(d) above, such amount being payable at the time(s) that such awards would have otherwise become payable had the termination not occurred or, at the discretion of Employer, in a lump sum payment following the termination or resignation; and (ii) if and to the extent that an award(s) previously made to Employee under the LTICP does not provide for the continuation of vesting and payment following such termination or resignation, Employee shall be entitled to receive an amount equal to the value (as of the date of termination) of any such unvested LTICP award (assuming performance criteria had been met to permit payment of 100% of the award), such amount being payable at the time(s) that such award(s) would have otherwise become payable under the LTICP had the termination not occurred or, at the discretion of Employer in a lump sum payment following the termination or resignation. In the event that, following the expiration of the Term, Employee is terminated for Cause, Employee shall be entitled to receive his base salary through the date of termination and any other vested benefits and/or compensation to which Employee is entitled under, and subject to the terms and conditions of, employee benefit plans and programs maintained by Employer.