Common use of Upon an Involuntary Termination Clause in Contracts

Upon an Involuntary Termination. of the employment relationship by Employer prior to expiration of the Term, Employee shall be entitled, after such termination, to receive his Monthly Base Salary through the remainder of the Term, or for a period of 12 months commencing with the month following the month of termination, whichever is longer, payable in installments in accordance with Employer's standard payroll practices. All other future compensation to which Employee is entitled and all future benefits for which Employee is eligible, with the exception of any and all statutory rights and benefits, shall cease and terminate as of the date of termination. Employee's rights under this Section 3.5 are Employee's sole and exclusive rights against Employer or its Affiliates, and Employer's sole and exclusive liability to Employee under this Agreement, in contract, tort, or otherwise, for any Involuntary Termination of the employment relationship. Employee covenants not to xxx or lodge any claim, demand or cause of action against Employer for any sums for Involuntary Termination other than those sums referred to in this Section 3.5. If Employee breaches this covenant, Employer shall be entitled to recover from Employee all sums expended by Employer (including costs and attorneys fees) in connection with such suit, claim, demand or cause of action.

Upon an Involuntary Termination. of the employment relationship by Employer prior to expiration of the Term, Employee shall be entitled, after such termination, to receive his Monthly Base Salary through the remainder of the Term, or for a period of 12 months commencing with the month following the month of termination, whichever is longer, payable in installments in accordance with Employer's standard payroll practices. All other future compensation to which Employee is entitled and all future benefits for which Employee is eligible, with the exception of any and all statutory rights and benefits, shall cease and terminate as of the date of termination. Employee's rights under this Section 3.5 are Employee's sole and exclusive rights against Employer or its Affiliates, and Employer's sole and exclusive liability to Employee under this Agreement, in contract, tort, or otherwise, for any Involuntary Termination of the employment relationship. Employee covenants not to xxx sue or lodge any claim, demand or cause of action against Employer for fxx any sums for Involuntary Termination other than those sums referred to in this Section 3.5. If Employee breaches this covenant, Employer shall be entitled to recover from Employee all sums expended by Employer (including costs and attorneys fees) in connection with such suit, claim, demand or cause of action.