Common use of Termination Pay Clause in Contracts

Termination Pay. Effective upon the expiration or termination of this Agreement, the Company will be obligated to pay the Employee (or, in the event of his death, his designated beneficiary as defined below) only such compensation as is provided in this Section 6.5. For purposes of this Section 6.5 the Employee's designated beneficiary will be such individual beneficiary or trust, located at such address, as the Employee may designate by notice to the Company from time to time or, if the Employee fails to give notice to the Company of such a beneficiary, the Employee's estate. Notwithstanding the preceding sentence, the Company will have no duty, in any circumstances, to attempt to open an estate on behalf of the Employee, to determine whether any beneficiary designated by the Employee is alive or to ascertain the address of any such beneficiary, to determine the existence of any trust, to determine whether any Person purporting to act as the Employee's personal representative (or the trustee of a trust established by the Employee) is duly authorized to act in that capacity, or to locate or attempt to locate any beneficiary, personal representative, or trustee.

Termination Pay. Effective upon the expiration or termination of this AgreementAgreement for any of the reasons set forth in section10(a), the Company will shall be obligated to pay the Employee Executive (or, or in the event of his death, his designated beneficiary as defined below) only such the compensation as is provided in this section 10(e), as well as all business expenses recoverable under Section 6.57. For purposes of this Section 6.5 section 10(e), the EmployeeExecutive's designated beneficiary will be such individual beneficiary or trust, located at such address, as the Employee Executive may designate by notice to the Company from time to time or, or if the Employee Executive fails to give notice to the Company of such a beneficiary, the EmployeeExecutive's estate. Notwithstanding the preceding sentence, sentence the Company will have no duty, in any circumstances, to attempt to open an estate on behalf of the EmployeeExecutive, to determine whether any beneficiary designated by the Employee Executive is alive or to ascertain the address of any such beneficiary, to determine the existence of any trust, to determine whether any Person person or entity purporting to act as the EmployeeExecutive's personal representative (or the trustee of a trust established by the EmployeeExecutive) is duly authorized to act in that capacity, capacity or to locate or attempt to locate any beneficiary, personal representative, or trustee.

Termination Pay. Effective upon the expiration or termination of this Agreement, the Company Employer will be obligated to pay the Employee Executive (or, in the event of his death, his designated beneficiary as defined below) only such compensation as is provided in this Section 6.5, and in lieu of all other amounts. For purposes of this Section 6.5 6.5, the EmployeeExecutive's designated beneficiary will be such individual beneficiary or trust, located at such address, as the Employee Executive may designate by notice to the Company Employer from time to time or, if the Employee Executive fails to give notice to the Company Employer of such a beneficiary, the EmployeeExecutive's estate. Notwithstanding the preceding sentence, the Company will Employer shall have no duty, in any circumstances, to attempt to open an estate on behalf of the EmployeeExecutive, to determine whether any beneficiary designated by the Employee Executive is alive or to ascertain the address of any such beneficiary, to determine the existence of any trust, to determine whether any Person person or entity purporting to act as the EmployeeExecutive's personal representative (or the trustee of a trust established by the EmployeeExecutive) is duly authorized to act in that capacity, or to locate or attempt to locate any beneficiary, personal representative, or trustee.

Termination Pay. Effective upon the expiration or termination of this AgreementAgreement for any of the reasons set forth in xxxxxxx00 (a), the Company will shall be obligated to pay the Employee Executive (or, or in the event of his death, his designated beneficiary as defined below) only such compensation the amounts set forth below, as is provided in this well as all business expenses recoverable under Section 6.58. For purposes of this Section 6.5 section ·11 (e), the EmployeeExecutive's designated beneficiary will be such individual beneficiary or trust, located at such address, as the Employee Executive may designate by notice to the Company from time to time or, or if the Employee Executive fails to give notice to the Company of such a beneficiary, the EmployeeExecutive's estate. Notwithstanding the preceding sentence, sentence the Company will have no duty, in any circumstances, to attempt to open an estate on behalf of the EmployeeExecutive, to determine whether any beneficiary designated by the Employee Executive is alive or to ascertain the address of any such beneficiary, to determine the existence of any trust, to determine whether any Person person or entity purporting to act as the EmployeeExecutive's personal representative (or the trustee of a trust established by the EmployeeExecutive) is duly authorized to act in that capacity, capacity or to locate or attempt to locate any beneficiary, personal representative, or trustee.

Termination Pay. Effective upon the expiration or termination of this AgreementAgreement for any of the reasons set forth in section10(a), the Company will shall be obligated to pay the Employee Executive (or, or in the event of his death, his designated beneficiary as defined below) only such the compensation as is provided in this section 11(e), as well as all business expenses recoverable under Section 6.58. For purposes of this Section 6.5 section 10(e), the EmployeeExecutive's designated beneficiary will be such individual beneficiary or trust, located at such address, as the Employee Executive may designate by notice to the Company from time to time or, or if the Employee Executive fails to give notice to the Company of such a beneficiary, the EmployeeExecutive's estate. Notwithstanding the preceding sentence, sentence the Company will have no duty, in any circumstances, to attempt to open an estate on behalf of the EmployeeExecutive, to determine whether any beneficiary designated by the Employee Executive is alive or to ascertain the address of any such beneficiary, to determine the existence of any trust, to determine whether any Person person or entity purporting to act as the EmployeeExecutive's personal representative (or the trustee of a trust established by the EmployeeExecutive) is duly authorized to act in that capacity, capacity or to locate or attempt to locate any beneficiary, personal representative, or trustee.

Termination Pay. Effective upon the expiration or termination of this AgreementAgreement for any of the reasons set forth in sxxxxxx00(a), the Company will shall be obligated to pay the Employee Executive (or, or in the event of his death, his designated beneficiary as defined below) only such compensation the amounts set forth below, as is provided in this well as all business expenses recoverable under Section 6.58. For purposes of this Section 6.5 section 11(e), the EmployeeExecutive's designated beneficiary will be such individual beneficiary or trust, located at such address, as the Employee Executive may designate by notice to the Company from time to time or, or if the Employee Executive fails to give notice to the Company of such a beneficiary, the EmployeeExecutive's estate. Notwithstanding the preceding sentence, sentence the Company will have no duty, in any circumstances, to attempt to open an estate on behalf of the EmployeeExecutive, to determine whether any beneficiary designated by the Employee Executive is alive or to ascertain the address of any such beneficiary, to determine the existence of any trust, to determine whether any Person person or entity purporting to act as the EmployeeExecutive's personal representative (or the trustee of a trust established by the EmployeeExecutive) is duly authorized to act in that capacity, capacity or to locate or attempt to locate any beneficiary, personal representative, or trustee.

Termination Pay. Effective upon the expiration or termination of this AgreementAgreement for any of the reasons set forth in section 10(a), the Company will shall be obligated to pay the Employee Executive (or, or in the event of his death, his designated beneficiary as defined below) only such compensation the amounts set forth below , as is provided in this well as all business expenses recoverable under Section 6.58. For purposes of this Section 6.5 section 11(e), the EmployeeExecutive's designated beneficiary will be such individual beneficiary or trust, located at such address, as the Employee Executive may designate by notice to the Company from time to time or, or if the Employee Executive fails to give notice to the Company of such a beneficiary, the EmployeeExecutive's estate. Notwithstanding the preceding sentence, sentence the Company will have no duty, in any circumstances, to attempt to open an estate on behalf of the EmployeeExecutive, to determine whether any beneficiary designated by the Employee Executive is alive or to ascertain the address of any such beneficiary, to determine the existence of any trust, to determine whether any Person person or entity purporting to act as the EmployeeExecutive's personal representative (or the trustee of a trust established by the EmployeeExecutive) is duly authorized to act in that capacity, capacity or to locate or attempt to locate any beneficiary, personal representative, or trustee.

Termination Pay. Effective upon the expiration or termination of this AgreementAgreement for any of the reasons set forth in sxxxxxx00(a), the Company will shall be obligated to pay the Employee Executive (or, or in the event of his death, his designated beneficiary as defined below) only such compensation the amounts set forth below , as is provided in this well as all business expenses recoverable under Section 6.58. For purposes of this Section 6.5 section 11(e), the EmployeeExecutive's designated beneficiary will be such individual beneficiary or trust, located at such address, as the Employee Executive may designate by notice to the Company from time to time or, or if the Employee Executive fails to give notice to the Company of such a beneficiary, the EmployeeExecutive's estate. Notwithstanding the preceding sentence, sentence the Company will have no duty, in any circumstances, to attempt to open an estate on behalf of the EmployeeExecutive, to determine whether any beneficiary designated by the Employee Executive is alive or to ascertain the address of any such beneficiary, to determine the existence of any trust, to determine whether any Person person or entity purporting to act as the EmployeeExecutive's personal representative (or the trustee of a trust established by the EmployeeExecutive) is duly authorized to act in that capacity, capacity or to locate or attempt to locate any beneficiary, personal representative, or trustee.

Termination Pay. Effective upon the expiration or termination of this AgreementAgreement for any of the reasons set forth in xxxxxxx00 (a), the Company will shall be obligated to pay the Employee Executive (or, or in the event of his death, his designated beneficiary as defined below) only such compensation the amounts set forth below, as is provided in this well as all business expenses recoverable under Section 6.58. For purposes of this Section 6.5 section ·11 (e), the Employee's Executive’s designated beneficiary will be such individual beneficiary or trust, located at such address, as the Employee Executive may designate by notice to the Company from time to time or, or if the Employee Executive fails to give notice to the Company of such a beneficiary, the Employee's Executive’s estate. Notwithstanding the preceding sentence, sentence the Company will have no duty, in any circumstances, to attempt to open an estate on behalf of the EmployeeExecutive, to determine whether any beneficiary designated by the Employee Executive is alive or to ascertain the address of any such beneficiary, to determine the existence of any trust, to determine whether any Person person or entity purporting to act as the Employee's Executive’s personal representative (or the trustee of a trust established by the EmployeeExecutive) is duly authorized to act in that capacity, capacity or to locate or attempt to locate any beneficiary, personal representative, or trustee.

Termination Pay. Effective upon the expiration or termination of this Agreement, the Company will be obligated to pay the Employee Executive (or, in the event of his death, his designated beneficiary as defined below) only such compensation as is provided in this Section 6.55(b), and in lieu of all other amounts and in settlement and complete release of all claims Executive may have against the Company. For purposes of this Section 6.5 the Employee's 5(b), Executive’s designated beneficiary will be such individual beneficiary or trust, located at such address, as the Employee Executive may designate by notice to the Company from time to time or, if the Employee Executive fails to give notice to the Company of such a beneficiary, the Employee's Executive’s estate. Notwithstanding the preceding sentence, the Company will have no duty, in any circumstances, to attempt to open an estate on behalf of the EmployeeExecutive, to determine whether any beneficiary designated by the Employee Executive is alive or to ascertain the address of any such beneficiary, to determine the existence of any trust, to determine whether any Person person or entity purporting to act as the Employee's Executive’s personal representative (or the trustee of a trust established by the EmployeeExecutive) is duly authorized to act in that capacity, or to locate or attempt to locate any beneficiary, personal representative, or trustee.

Termination Pay. Effective upon the expiration or termination of this AgreementAgreement for any of the reasons set forth in xxxxxxx00(a), the Company will shall be obligated to pay the Employee Executive (or, or in the event of his death, his designated beneficiary as defined below) only such compensation the amounts set forth below , as is provided in this well as all business expenses recoverable under Section 6.58. For purposes of this Section 6.5 section 11(e), the EmployeeExecutive's designated beneficiary will be such individual beneficiary or trust, located at such address, as the Employee Executive may designate by notice to the Company from time to time or, or if the Employee Executive fails to give notice to the Company of such a beneficiary, the EmployeeExecutive's estate. Notwithstanding the preceding sentence, sentence the Company will have no duty, in any circumstances, to attempt to open an estate on behalf of the EmployeeExecutive, to determine whether any beneficiary designated by the Employee Executive is alive or to ascertain the address of any such beneficiary, to determine the existence of any trust, to determine whether any Person person or entity purporting to act as the EmployeeExecutive's personal representative (or the trustee of a trust established by the EmployeeExecutive) is duly authorized to act in that capacity, capacity or to locate or attempt to locate any beneficiary, personal representative, or trustee.

Termination Pay. Effective upon the expiration or termination of this Agreement, the Company Employer will be obligated to pay the Employee Executive (or, in the event of his her death, his her designated beneficiary as defined below) only such compensation as is provided in this Section 6.5, and in lieu of all other amounts. For purposes of this Section 6.5 6.5, the EmployeeExecutive's designated beneficiary will be such individual beneficiary or trust, located at such address, as the Employee Executive may designate by notice to the Company Employer from time to time or, if the Employee Executive fails to give notice to the Company Employer of such a beneficiary, the EmployeeExecutive's estate. Notwithstanding the preceding sentence, the Company will Employer shall have no duty, in any circumstances, to attempt to open an estate on behalf of the EmployeeExecutive, to determine whether any beneficiary designated by the Employee Executive is alive or to ascertain the address of any such beneficiary, to determine the existence of any trust, to determine whether any Person person or entity purporting to act as the EmployeeExecutive's personal representative (or the trustee of a trust established by the EmployeeExecutive) is duly authorized to act in that capacity, or to locate or attempt to locate any beneficiary, personal representative, or trustee.

Termination Pay. Effective upon the expiration or termination of this AgreementAgreement for any of the reasons set forth in sxxxxxx00 (a), the Company will shall be obligated to pay the Employee Executive (or, or in the event of his death, his designated beneficiary as defined below) only such compensation the amounts set forth below, as is provided in this well as all business expenses recoverable under Section 6.58. For purposes of this Section 6.5 section ·11 (e), the Employee's Executive’s designated beneficiary will be such individual beneficiary or trust, located at such address, as the Employee Executive may designate by notice to the Company from time to time or, or if the Employee Executive fails to give notice to the Company of such a beneficiary, the Employee's Executive’s estate. Notwithstanding the preceding sentence, sentence the Company will have no duty, in any circumstances, to attempt to open an estate on behalf of the EmployeeExecutive, to determine whether any beneficiary designated by the Employee Executive is alive or to ascertain the address of any such beneficiary, to determine the existence of any trust, to determine whether any Person person or entity purporting to act as the Employee's Executive’s personal representative (or the trustee of a trust established by the EmployeeExecutive) is duly authorized to act in that capacity, capacity or to locate or attempt to locate any beneficiary, personal representative, or trustee.