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

Termination; Payment of Accrued Salary. 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 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 nor to make any payment in lieu of notice.

Appears in 6 contracts

Samples: Employment Agreement (Salem Media Group, Inc. /De/), Employment Agreement (Salem Communications Corp /De/), Employment Agreement (Salem Communications Corp /De/)

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Termination; Payment of Accrued Salary. The Board may terminate the Executive's ’s employment with the Company at any time for causeCause, immediately upon notice to the Executive of the circumstances leading to such termination for causeCause. In the event that the Executive's ’s employment is terminated for causeCause, the Executive shall receive payment for all accrued salary Base Salary 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 noticegiving notice of such termination.

Appears in 5 contracts

Samples: Executive Employment Agreement (AppTech Payments Corp.), Executive Employment Agreement (AppTech Corp.), Executive Employment Agreement (AppTech Corp.)

Termination; Payment of Accrued Salary. The Board may terminate Executive's ’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 ’s employment is terminated for causeCause, Executive shall receive payment for all accrued salary Base Salary 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 noticegiving notice of such termination.

Appears in 2 contracts

Samples: Employment Agreement (CalAmp Corp.), Employment Agreement (CalAmp Corp.)

Termination; Payment of Accrued Salary. 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 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 nor to make any payment in lieu of notice.. Employment Agreement Xxxxxx X. Xxxxxxxx

Appears in 2 contracts

Samples: Employment Agreement (Salem Communications Corp /De/), Employment Agreement (Salem Communications Corp /De/)

Termination; Payment of Accrued Salary. The Board may terminate Executive's employment with the Company at any time for causeCause (as hereinafter defined), 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 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 nor to make any payment in lieu of notice.. Employment Agreement Xxxxxx X. Xxxxxxxx

Appears in 2 contracts

Samples: Employment Agreement (Salem Media Group, Inc. /De/), Employment Agreement (Salem Media Group, Inc. /De/)

Termination; Payment of Accrued Salary. The Board may terminate Executive's ’s employment with the Company at any time for causeCause (as hereinafter defined), immediately upon notice to Executive of the circumstances leading to such termination for causeCause. In the event that Executive's ’s employment is terminated for causeCause, Executive shall receive payment for all accrued salary 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 nor to make any payment in lieu of notice.. Employment Agreement Xxxxxx X. Xxxxxxxx

Appears in 2 contracts

Samples: Employment Agreement (Salem Media Group, Inc. /De/), Employment Agreement (Salem Media Group, Inc. /De/)

Termination; Payment of Accrued Salary. 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 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 nor to make any payment in lieu of notice.. Xxxxxx X. Xxxxxxxx

Appears in 1 contract

Samples: Employment Agreement (Salem Communications Corp /De/)

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Termination; Payment of Accrued Salary. The Board may terminate Executive's employment with the Company at any time for causeCause (as hereinafter defined), 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 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 nor to make any payment in lieu of notice.. Employment Agreement Sxxxxx X. Xxxxxxxx Page 4 of 12

Appears in 1 contract

Samples: Employment Agreement (Salem Media Group, Inc. /De/)

Termination; Payment of Accrued Salary. 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 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 nor to make any payment in lieu of notice.

Appears in 1 contract

Samples: Employment Agreement (Salem Communications Corp /De/)

Termination; Payment of Accrued Salary. The Board may terminate Executive's employment with the Company at any time for cause“Cause” (as defined in Section 4(a)(2) of this Agreement), immediately upon notice to Executive of the circumstances leading to such termination for causeCause. In the event that Executive's employment is terminated for cause, Executive shall receive payment for all accrued salary 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 nor to make any payment in lieu of notice.

Appears in 1 contract

Samples: Employment Agreement (Salem Communications Corp /De/)

Termination; Payment of Accrued Salary. The Board may terminate Executive's employment with the Company at any time for causeCause (as hereinafter defined), 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 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 nor to make any payment in lieu of notice.. Employment Agreement Sxxxxx X. Xxxxxxxx

Appears in 1 contract

Samples: Employment Agreement (Salem Media Group, Inc. /De/)

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