Common use of Termination/Rights and Payments Upon Termination Clause in Contracts

Termination/Rights and Payments Upon Termination. The Executive’s right to benefits and payments, if any, for periods after the date on which the Executive’s employment with the Company terminates (the “Termination Date”) as described in this Section 6 shall be determined in accordance with this Section 6 and payable in accordance with the normal payroll practices of the Company. During the time that Severance Salary (if any), as set forth in paragraphs 6(c), (d) and (e), is being paid, if the Executive is not otherwise employed and receiving medical, dental, life insurance and disability insurance benefits (“Benefits”), the Executive shall be provided, at no expense to him and with no reduction to his Severance Salary, with Benefits to the same extent and on the same terms as Benefits are then provided by the Company to executives employed by the Company or its affiliates.

Appears in 2 contracts

Samples: Employment Agreement (Kal Energy Inc), Employment Agreement (Kal Energy Inc)

AutoNDA by SimpleDocs

Termination/Rights and Payments Upon Termination. The Executive’s right to benefits and payments, if any, for periods after the date on which the Executive’s employment with the Company terminates (the “Termination Date”) as described in this Section 6 4 shall be determined in accordance with this Section 6 4 and payable in accordance with the normal payroll practices of the Company. During the time that Severance Salary (if any)Payments, as set forth in paragraphs 6(c4 (c), (d) and (e), is are being paid, if the Executive is not otherwise employed and receiving medical, dental, life insurance and disability insurance benefits (“Benefits”), the Executive shall be provided, at no expense to him and with no reduction to his Severance SalaryPayment, with Benefits to the same extent and on the same terms as Benefits are then provided by the Company to executives employed by the Company or its affiliates.

Appears in 2 contracts

Samples: Employment Agreement (Kal Energy Inc), Employment Agreement (Kal Energy 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!