Termination by Employer With Cause. If the Period of Employment terminates pursuant to paragraph (b) of Section 2 as a result of a termination by Employer with Cause, Employee will be entitled to receive only: (i) the base salary otherwise payable under Section 5 through the day on which Employee's employment is terminated, together with salary, compensation or benefits which have been earned or become payable as of the date of termination but which have not yet been paid to Employee; and (ii) such other benefits, if any, as shall be determined to be applicable under the circumstances in accordance with Employer's plans and practices in effect on the date of termination.
Appears in 3 contracts
Samples: Employment Agreement (Fei Co), Employment Agreement (Fei Co), Combination Agreement (Fei Co)
Termination by Employer With Cause. If the Period of Employment terminates pursuant to paragraph (b) of Section 2 as a result of a voluntary termination by Employer with Cause, Employee will be entitled to receive only:
(i) the base salary otherwise payable under Section 5 through the day on which Employee's employment is terminated, together with salary, compensation or benefits which have been earned or become payable as of the date of termination but which have not yet been paid to Employee; and;
(ii) such other compensation and benefits, if any, as shall be determined to be applicable under the circumstances in accordance with Employer's plans and practices in effect on the date of termination.
Appears in 1 contract
Samples: Employment Agreement (Alumax Inc)
Termination by Employer With Cause. i) If the Period of Employment terminates pursuant to paragraph (b) of Section 2 as a result of a termination by Employer with Cause, Employee will be entitled to receive only:
(i) A. the base salary otherwise payable under Section 5 through the day on which Employee's employment is terminated, together with salary, compensation or benefits which have been earned or become payable as of the date of termination but which have not yet been paid to Employee; and
(ii) B. such other benefits, if any, as shall be determined to be applicable under the circumstances in accordance with Employer's plans and practices in effect on the date of termination.
Appears in 1 contract
Samples: Employment Agreement (Fei Co)
