Common use of Termination; Payment of Accrued Salary and Vacation Clause in Contracts

Termination; Payment of Accrued Salary and Vacation. The Board may terminate Executive's employment with the Company at any time for Cause, immediately upon notice to Executive of the circumstances leading to such termination for Cause. In the event that Executive's employment is terminated for Cause, Executive shall receive payment for all accrued salary and vacation earned through the Termination Date, which in this event shall be the date upon which notice of termination is given. The Company shall have no further obligation to pay severance of any kind whether under this Agreement or otherwise nor to make any payment in lieu of giving notice of such termination.

Appears in 8 contracts

Samples: Employment Agreement (California Amplifier Inc), Employment Agreement (CalAmp Corp.), Employment Agreement (California Amplifier Inc)

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Termination; Payment of Accrued Salary and Vacation. The Board may terminate Executive's employment with the Company at any time for Causecause, immediately upon notice to Executive of the circumstances leading to such termination for Causecause. In the event that Executive's employment is terminated for Causecause, Executive shall receive payment for all accrued salary and vacation earned time through the Termination Date, which in this event shall be the date upon which notice of termination is given. The Company shall have no further obligation to pay severance of any kind whether under this Agreement or otherwise nor to make any payment in lieu of giving notice of such terminationnotice.

Appears in 6 contracts

Samples: Employment Agreement (Aftermarket Technology Corp), Employment Agreement (Aftermarket Technology Corp), Employment Agreement (Aftermarket Technology Corp)

Termination; Payment of Accrued Salary and Vacation. The Board may terminate Executive's employment with the Company at any time for Cause, immediately upon notice to Executive of the circumstances leading to such termination for Cause. In the event that Executive's employment is terminated for Cause, Executive shall receive payment for all accrued salary Base Salary and vacation earned time through the Termination Date, which in this event shall be the date upon which notice of termination is given. The Company shall have no further obligation to pay severance of any kind whether under this Agreement or otherwise nor to make any payment in lieu of giving notice of such terminationnotice.

Appears in 4 contracts

Samples: Employment Agreement (Autocam International LTD), Employment Agreement (Autocam International LTD), Employment Agreement (Autocam International LTD)

Termination; Payment of Accrued Salary and Vacation. The Board Company or Xxxxxxx may terminate Executive's ’s employment with the Company at any time for Cause, immediately upon notice to Executive of the circumstances leading to such termination for Cause. In the event that Executive's ’s employment is terminated for Cause, Executive shall receive payment for all accrued salary and vacation earned time through the Termination Date, less requisite withholdings for tax and social security purposes, which in this event shall be the date upon which notice of termination is given. The Company and its Affiliates shall have no further obligation to pay severance of any kind whether under this Agreement or otherwise nor to make any payment in lieu of giving notice of such terminationotherwise.

Appears in 4 contracts

Samples: Employment Agreement (Douglas Dynamics, Inc), Employment Agreement (Douglas Dynamics, Inc), Employment Agreement (Douglas Dynamics, Inc)

Termination; Payment of Accrued Salary and Vacation. The Board may terminate Executive's ’s employment with the Company at any time for Cause, immediately upon notice to Executive of the circumstances leading to such termination for Cause. In the event that Executive's ’s employment is terminated for Cause, Executive shall receive payment for all accrued salary and vacation earned time through the Termination Date, which in this event shall be the date upon which notice of termination is given. The Company and its Affiliates shall have no further obligation to pay severance of any kind whether under this Agreement or otherwise nor to make any payment in lieu of giving notice of such terminationotherwise.

Appears in 2 contracts

Samples: Employment Agreement (Douglas Dynamics, Inc), Employment Agreement (Douglas Dynamics, Inc)

Termination; Payment of Accrued Salary and Vacation. The Board may terminate Executive's ’s employment with the Company and Xxxxxxx at any time for Cause, immediately upon notice to Executive of the circumstances leading to such termination for Cause. In the event that Executive's ’s employment is terminated for Cause, Executive shall receive payment for all accrued salary and vacation earned time through the Termination Date, which in this event shall be the date upon which notice of termination is given. The Company and Xxxxxxx shall have no further obligation to pay severance of any kind whether under this Agreement or otherwise nor to make any payment in lieu of giving notice of such terminationotherwise.

Appears in 2 contracts

Samples: Employment Agreement (Douglas Dynamics, Inc), Employment Agreement (Douglas Dynamics, Inc)

Termination; Payment of Accrued Salary and Vacation. The Board may terminate Executive's ’s employment with the Company at any time for Cause, immediately upon notice to Executive of the circumstances leading to such termination for Cause. In the event that Executive's ’s employment is terminated for Cause, Executive shall receive payment for all accrued salary and vacation earned time through the Termination Date, less requisite withholdings for tax and social security purposes, which in this event shall be the date upon which notice of termination is given. The Company shall have no further obligation to pay severance of any kind whether under this Agreement or otherwise nor to make any payment in lieu of giving notice of such terminationotherwise.

Appears in 2 contracts

Samples: Employment Agreement (Douglas Dynamics, Inc), Employment Agreement (Douglas Dynamics, Inc)

Termination; Payment of Accrued Salary and Vacation. The Board may terminate Executive's ’s employment with the Company at any time for Causecause, immediately upon written notice to Executive of the circumstances leading to such termination for Causecause. In the event that If Executive's ’s employment is terminated for Causecause, Executive shall receive payment for all accrued salary and vacation earned time through the Termination Date, which in this event shall be the date upon which notice of termination is given. The Company shall have no further obligation to pay severance of any kind whether under this Agreement or otherwise nor to make any payment in lieu of giving notice of such terminationif Executive is terminated for cause.

Appears in 2 contracts

Samples: Employment Agreement (Global Logistics Acquisition CORP), Employment Agreement (Global Logistics Acquisition CORP)

Termination; Payment of Accrued Salary and Vacation. The Board may terminate Executive's employment with the Company at any time for Causecause, immediately upon written notice to Executive of the circumstances leading to such termination for Causecause. In the event that If Executive's employment is terminated for Causecause, Executive shall receive payment for all accrued salary and vacation earned time through the Termination Date, which in this event shall be the date upon which notice of termination is given. The Company shall have no further obligation to pay severance of any kind whether under this Agreement or otherwise nor to make any payment in lieu of giving notice of such terminationif Executive is terminated for cause.

Appears in 1 contract

Samples: Employment Agreement (Aftermarket Technology Corp)

Termination; Payment of Accrued Salary and Vacation. The Board may terminate Executive's employment with the Company at any time for Causecause, immediately upon notice to Executive of the circumstances leading to such termination for Causecause. In the event that Executive's employment is terminated for Causecause, Executive shall receive payment for all accrued salary and vacation earned time through the Termination Date, which in this event shall be the date upon which notice of termination is given. The Company shall have no further obligation to pay further compensation or severance of any kind whether under this Agreement or otherwise nor to make any payment in lieu of giving notice of such terminationnotice.

Appears in 1 contract

Samples: Employment Agreement (Aftermarket Technology Corp)

Termination; Payment of Accrued Salary and Vacation. The Board may terminate Executive's employment with the Company at any time for Cause, immediately upon notice to Executive of the circumstances leading to such termination for Cause. In the event that the Executive's employment is terminated for Cause, Executive shall receive payment for all accrued salary and vacation earned time through the Termination Date, which in this event shall be the date upon which notice of termination is given. The Company shall have no further obligation to pay severance of any kind whether under this Agreement or otherwise nor to make any payment in lieu of giving notice of such terminationotherwise.

Appears in 1 contract

Samples: Employment Agreement (North American Scientific Inc)

Termination; Payment of Accrued Salary and Vacation. The Board may terminate Executive's ’s employment with the Company at any time for Cause, immediately upon notice to Executive of the circumstances leading to such termination for Cause. In the event that Executive's ’s employment is terminated for Cause, Executive shall receive payment for all accrued salary and vacation earned time through the Termination Date, which in this event shall be the date upon which notice of termination is given. The Company shall have no further obligation to pay severance of any kind whether under this Agreement or otherwise nor to make any payment in lieu of giving notice of such terminationotherwise.

Appears in 1 contract

Samples: Employment Agreement (Douglas Dynamics, Inc)

Termination; Payment of Accrued Salary and Vacation. The Board may terminate Executive's employment with the Company at any time for "Cause" (as defined below), immediately upon notice to Executive of the circumstances leading to such termination for Cause. In the event that Executive's employment is terminated for Cause, Executive shall receive payment for all accrued salary and vacation earned through the Termination Date, which in this event shall be the date upon which notice of termination is given. The Company shall have no further obligation to pay severance of any kind whether under this Agreement or otherwise nor to make any payment in lieu of giving notice of such terminationnotice.

Appears in 1 contract

Samples: Employment Agreement (Special Devices Inc /De)

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Termination; Payment of Accrued Salary and Vacation. The Board may terminate Executive's employment with the Company at any time for Causecause, immediately upon notice to Executive of the circumstances leading to such termination for Causecause. In the event that Executive's employment is terminated for Causecause, Executive shall receive payment for all accrued salary and vacation earned time through the Termination Date, less standard withholdings for tax and social security purposes, which in this event shall be the date upon which notice of termination is given. The Company shall have no further obligation to pay severance of any kind whether under this Agreement or otherwise nor to make any payment in lieu of giving notice of such terminationnotice.

Appears in 1 contract

Samples: Employment Agreement (Aftermarket Technology Corp)

Termination; Payment of Accrued Salary and Vacation. The Board may terminate Executive's ’s employment with the Company at any time for Cause, immediately upon notice to Executive of the circumstances leading to such termination for Cause. In the event that Executive's ’s employment is terminated for Cause, Executive shall receive payment for all accrued salary and vacation earned through the Termination Date, which in this event shall be the date upon which notice of termination is given. The Company shall have no further obligation to pay severance of any kind whether under this Agreement or otherwise nor to make any payment in lieu of giving notice of such termination.

Appears in 1 contract

Samples: Employment Agreement (CalAmp Corp.)

Termination; Payment of Accrued Salary and Vacation. The Board may terminate Executive's ’s employment with the Company at any time for Cause, immediately upon notice to Executive of the circumstances leading to such termination for Cause. In the event that Executive's ’s employment is terminated for Cause, Executive shall receive payment for all accrued salary and vacation earned time through the Termination Date, which in this the event shall be the date upon which notice of termination is given. The Company shall have no further obligation to pay severance of any kind whether under this Agreement or otherwise nor to make any payment in lieu of giving notice of such terminationotherwise.

Appears in 1 contract

Samples: Employment Agreement (Douglas Dynamics, Inc)

Termination; Payment of Accrued Salary and Vacation. The Board may terminate Executive's employment with the Company at any time for Causecause, immediately upon notice to Executive of the circumstances leading to such termination for Causecause. In the event that Executive's employment is terminated for Causecause, Executive shall receive payment for all accrued salary and vacation earned time through the Termination Date, which in this event shall be the date upon which notice of termination is given. The Company shall have no further obligation to pay severance of any kind whether under this Agreement or otherwise nor to make any payment in lieu of giving notice of such terminationnotice.

Appears in 1 contract

Samples: Employment Agreement (Astor Holdings Ii Inc)

Termination; Payment of Accrued Salary and Vacation. The Board may terminate Executive's employment with the Company at any time for CauseCause (as defined below), immediately upon notice to Executive of the circumstances leading to such termination for Cause. In the event that Executive's employment is terminated for Cause, Executive shall receive payment for all accrued salary and vacation earned time through the Termination Date, which in this event shall be the date upon which notice of termination is given. The Company shall have no further obligation to pay further compensation or severance of any kind whether under this Agreement or otherwise nor to make any payment in lieu of giving notice of such terminationnotice.

Appears in 1 contract

Samples: Employment Agreement (Aftermarket Technology Corp)

Termination; Payment of Accrued Salary and Vacation. The Board may terminate Executive's employment with the Company at any time for Cause, immediately upon notice to Executive of the circumstances leading to such termination for Cause. In the event that Executive's employment is terminated for Cause, Executive shall receive payment for all accrued salary and vacation earned time through the Termination Date, which in this event shall be the date upon which notice of termination is given. The Company shall have no further obligation to pay severance of any kind whether under this Agreement or otherwise nor to make any payment in lieu of giving notice of such terminationnotice.

Appears in 1 contract

Samples: Employment Agreement (North American Scientific Inc)

Termination; Payment of Accrued Salary and Vacation. The Board may terminate Executive's ’s employment with the Company at any time for Cause, immediately upon notice to Executive of the circumstances leading to such termination for Cause. In the event that Executive's ’s employment is terminated for Cause, Executive shall receive payment for all accrued salary and vacation earned time through the Termination Date, less requisite withholdings for tax and social security purposes, which in this event shall be the date upon which notice of termination is given. The Company and its Affiliates shall have no further obligation to pay severance of any kind whether under this Agreement or otherwise nor to make any payment in lieu of giving notice of such terminationotherwise.

Appears in 1 contract

Samples: Employment Agreement (Douglas Dynamics, Inc)

Termination; Payment of Accrued Salary and Vacation. The Board may terminate Executive's employment with the Company at any time for CauseCause (as defined below), immediately upon notice to Executive of the circumstances leading to such termination for Cause. In the event that Executive's employment is terminated for Cause, Executive shall receive (x) payment for all accrued salary and vacation earned through the Termination Date, which in this event shall be the date upon which notice of termination is given. The Company shall have no further obligation to pay severance of any kind whether under this Agreement or otherwise nor to make any payment in lieu of giving notice of such termination., and (y) the

Appears in 1 contract

Samples: Employment Agreement (Aftermarket Technology Corp)

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