Common use of Termination of Employment for Any Reason Clause in Contracts

Termination of Employment for Any Reason. In the event of Executive’s termination of employment for any reason, the Corporation shall pay or provide Executive (a) any unpaid Base Salary through the date of termination and (b) any pension or health and welfare benefits (including, without limitation, any unused vacation accrued in accordance with Section 4(ii)) accrued, earned or vested, and any unreimbursed expenses incurred, up to and including the effective date of such termination, to which Executive may be entitled under the terms of any applicable arrangement, pension or health and welfare benefit plan or program (collectively, the “Accrued Amounts”).

Appears in 4 contracts

Samples: Employment Agreement (Ipg Photonics Corp), Employment Agreement (Ipg Photonics Corp), Employment Agreement (Ipg Photonics Corp)

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