Common use of Termination of Compensation Clause in Contracts

Termination of Compensation. Except as otherwise expressly provided herein or under any specific written policy or benefit plan of IH or as expressly required under applicable law (such as COBRA), upon termination or expiration of the Period of Employment (i) all of Executive’s rights to salary, bonuses, employee and other benefits and other compensation hereunder which would have accrued or become payable shall cease and (ii) no other severance compensation or retirement benefits shall be payable by IH to Executive.

Appears in 4 contracts

Samples: Employment Agreement (Interactive Health, Inc.), Employment Agreement (Interactive Health, Inc.), Employment Agreement (Interactive Health, Inc.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!