Common use of Training Expense Clause in Contracts

Training Expense. The Company will provide Xx. Xxxxxxxxx with training to assist Xx. Xxxxxxxxx in the performance of his duties as an employee of the Company, including but not limited to the provision of training materials, training courses and supervision by experienced employees of the Company. Xx. Xxxxxxxxx agrees, in the event of Xx. Xxxxxxxxx’x voluntary separation of his employment or the termination of employment by the Company for cause (as defined above), to pay the Company (unless otherwise agreed upon at time of training) $1,000 for each day of training and/or any orientation course provided or paid for by the Company to Xx. Xxxxxxxxx within the last five (5) years prior to the date of termination as a means of reimbursing the Company for such training. Such payment shall be deducted from any monies owed to Xx. Xxxxxxxxx at the time of his termination, including wages, bonuses, and/or commissions, and the balance, if any, owed by Xx. Xxxxxxxxx shall be paid by Xx. Xxxxxxxxx promptly as may be required by law. Such reimbursement shall be in addition to any other remedy at law or in equity which the Company may have for Xx. Xxxxxxxxx’x breach of this Agreement.

Appears in 3 contracts

Samples: Employment Agreement (Boston Beer Co Inc), Employment Agreement (Boston Beer Co Inc), Merger Agreement (Boston Beer Co Inc)

AutoNDA by SimpleDocs

Training Expense. The Company will provide Xx. Xxxxxxxxx with training to assist Xx. Xxxxxxxxx in the performance of his her duties as an employee of the Company, including but not limited to the provision of training materials, training courses and supervision by experienced employees of the Company. Xx. Xxxxxxxxx agrees, in the event of Xx. Xxxxxxxxx’x voluntary separation of his her employment or the termination of employment by the Company for cause (as defined above), to pay the Company (unless otherwise agreed upon at time of training) $1,000 for each day of training and/or any orientation course provided or paid for by the Company to Xx. Xxxxxxxxx within the last five (5) years prior to the date of termination as a means of reimbursing the Company for such training. Such payment shall be deducted from any monies owed to Xx. Xxxxxxxxx at the time of his her termination, including wages, bonuses, and/or commissions, and the balance, if any, owed by Xx. Xxxxxxxxx shall be paid by Xx. Xxxxxxxxx promptly as may be required by law. Such reimbursement shall be in addition to any other remedy at law or in equity which the Company may have for Xx. Xxxxxxxxx’x breach of this Agreement.

Appears in 2 contracts

Samples: Merger Agreement (Boston Beer Co Inc), Employment Agreement (Boston Beer Co 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!