Payments in the Event of Termination. (a) If the Employment ------------------------------------ Period is terminated or expires pursuant to Section 1, Section 6.1 or Section 6.2, the Company shall pay the Employee any Salary earned to the date of such termination or expiration, as the case may be.
Payments in the Event of Termination. Upon the termination of the Employment Period for death, disability, by the Executive without Good Reason, or by the Employer for Cause, the Employer shall pay to the Executive, or his estate, as the case may be, the Base Salary and Performance Bonus earned to the date of death or termination for disability or Cause, as the case may be. In addition, all vested and unexercised Options shall remain exercisable by the Executive for a period of 365 days. Upon the termination of the Employment Period by the Employer without Cause or by the Executive for Good Reason, the Employer shall pay to the Executive (A) the Base Salary and Performance Bonus earned to the date of such termination, and (B) an additional amount in a lump sum in cash equal to the Base Salary at the time of termination for a period beginning on the date of such termination, and ending on the date that the Employment Period would have ended pursuant to this Agreement had there been no termination of Executive's employment, provided that in no event shall such period be less than twelve months. In addition, all vested and unexercised Options shall become and remain exercisable by the Executive until the expiration date of the Options pursuant to the Option Agreement.
Payments in the Event of Termination. Upon the termination of the Employment Period by reason of death or disability, by the Employee without Good Reason, or by the Employer for Cause, the Employer shall pay to the Employee, or his estate, as the case may be, the Base Salary and Performance Bonus earned to the date of death or termination for disability or Cause, or date of termination by the Employee, as the case may be. In addition, all vested and unexercised Options shall remain exercisable by the Employee for a period of 365 days. Upon the termination of the Employment Period by the Employer without Cause or by the Employee for Good Reason, the Employer shall pay to the Employee (A) the Base Salary and Performance Bonus earned to the date of such termination, and (B) an additional amount in a lump sum in cash equal to the lesser of (x) the Base Salary at the time of termination for a period of six months; or (y) the Base Salary at the time of termination for a period beginning on the date of such termination and ending on the date that the Employment Period would have ended pursuant to this Agreement had there been no termination of Employee's employment. In addition, all vested and unexercised Options shall become and remain exercisable by the Employee until the expiration date of the Options pursuant to the Option Agreement.
Payments in the Event of Termination. (a) If the Employment Period is terminated by the Employee for reasons other than constructive dismissal (as that term is understood in the law of wrongful dismissal), the Employer will pay the Employee his Base Salary and the Benefits (or their cash equivalent if not available due to the termination of employment) through the first to occur of the date of termination or six months after the Employee gives notice of his election to terminate in accordance with subsection 4.3 hereof.
Payments in the Event of Termination. If the Contract has been terminated in accordance with Section 41, CONTRACTOR shall be entitled to a Termination Payment for Services performed prior to the effective date of termination, less any amounts provided for in Section 41. Such Termination Payment shall be calculated as set forth below: Termination by CUSTOMER If termination is a Termination for Cause by CUSTOMER as provided in Section 41.2 of this Contract, then for the purpose of calculating the value of the Termination Payment to be made to CONTRACTOR, then the Termination Payment shall be the value of the Services performed by CONTRACTOR prior to the termination date, less the offsets provided for in Section 41.2. For purposes of this paragraph, the value of the Services performed by CONTRACTOR prior to the termination date shall be determined by review of the latest periodic estimate required under Section 12.5 (and any agreed upon adjustments thereto). If the termination is a Termination for Convenience by CUSTOMER as provided in Section 41.3, then for the purpose of calculating the value of the Termination Payment to be made to CONTRACTOR, the Termination Payment shall be the value of the Services performed by CONTRACTOR prior to the termination date, less the offsets provided for in Section 41.3. For purposes of this paragraph, the value of the Services performed by CONTRACTOR prior to the termination date shall be determined by review of the latest periodic estimate required under Section 12.5 (and any agreed upon adjustments thereto).
Payments in the Event of Termination. 4.1 In this Agreement, the expression "TERMINATION DATE" means (i) in the case of termination by the Corporation pursuant to Sections 3.1 or 3.3 hereof, the date of termination of the Executive's employment set forth in the written notice of termination given by the Corporation pursuant to either of such sections (as the case may be); (ii) in the case of termination by the Executive pursuant to Section 3.1 hereof, the date which is thirty (30) days following the date upon which the Executive has given notice of termination or, if the Corporation has required a shorter notice period, the last day of such shorter period; and (iii) in the case of termination pursuant to Section 3.2 hereof, the date of the Executive's death. 4.2 In the event of termination of employment pursuant to Sections 3.1, 3.2 or 3.3 hereof, notwithstanding anything in this Agreement contained to the contrary, all payments and benefits to the Executive under this Agreement and otherwise arising from or by reason of the Executive's employment hereunder shall cease except that: 4.2.1 the Executive's salary provided for in Section 2.1 hereof shall be pro rated based on the number of days elapsed between (x) the last date to which such salary was paid and (y) up to (but excluding) the Termination Date and shall be paid to the Executive in the installments provided for in Section 2.1 hereof up to the Termination Date; 4.2.2 any amounts of bonus payable to the Executive in respect of a fiscal year of the Corporation completed prior to the Termination Date shall be paid within sixty (60) days following the certification of the audited financial statements of the Corporation in respect of the prior fiscal year; 44 5 4.2.3 the Corporation shall comply with the provisions of Section 2.8 hereof in respect of reasonable authorized out-of-pocket expenses actually incurred prior to the Termination Date; 4.2A however, notwithstanding the above, should the Executive give a thirty (30) days notice of his resignation, he should be entitled to receive the following amounts and benefits, considering that, on or about August lst, 1997, a change of control within the meaning of the Executive's previous employment agreement, as amended on October 16th, 1996, has occurred: (i) an indemnity equal to the Executive's annual base salary at such time, multiplied by 4.5; (ii) the amounts and benefits provided for in Sections 4.2.4 (ii) and 4.2.5 (B)(i, ii, iii, iv and v); (iii) should the Executive give a thirty (30)...
Payments in the Event of Termination. Upon the termination of the Employment Period for death, disability or Cause, the Employer shall pay to the Employee, or his estate, as the case may be, the Base Salary and Fixed Bonus earned to the date of death or termination for disability or Cause, as the case may be. Upon the termination of the Employment Period by the Employer without Cause or by the Employee for Good Reason, the Employer shall pay to the Employee (A) the Base Salary and Fixed Bonus earned to the date of such termination, and (B) an additional amount equal to the sum of (1) the Base Salary at the time of termination for a period beginning on the date of such termination and ending on May 6, 1999 and (2) the annual rate of the Fixed Bonus at the time of such termination multiplied by the number of years (or part thereof) remaining in the Employment Period at the time of such termination; provided that in the case of clause (1) and (2), the period shall not be less than twelve months.
Payments in the Event of Termination. Upon the termination of the Employment Period by the Employer without Cause or by the Employee for Good Reason ("Involuntary Termination"), the Employee shall be entitled to receive a severance payment depending upon the date of termination according to the schedule set forth below plus an amount equal to the prorated portion of the Fixed Bonus payable in accordance with Section 3(b)(i) (reduced by any Fixed Bonus payments made through and including the date of termination). Upon the termination of the Employment Period by the Employer or the Employee for any other reason ("Voluntary Termination"), the Employee shall be entitled to receive a severance payment depending upon the date of termination according to the schedule set forth below:
Payments in the Event of Termination. (a) In this Agreement, the expression "
Payments in the Event of Termination of the [*] Agreement. In consideration of the direct license granted by [*] to Salix under Section 13.23(b), in the event of a Salix Non-Defaulting Termination of the [*] Agreement, Salix shall thereafter pay to [*] [*] (had the [*] Agreement remained in effect) in connection with the license granted by Progenics to Salix under this Agreement, any such payments to be made [*].
