Termination due to Expiration of Employment Period. If Employee's employment is terminated due to the expiration of the Term, Employer shall pay Employee the compensation (including accrued bonuses, if any) and benefits due to Employee under Section 4 through the last day of Employee's actual employment hereunder.
Termination due to Expiration of Employment Period. If Employee's employment is terminated due to the expiration of the Term, Employer shall pay Employee the compensation (including accrued bonuses, if any) and benefits due to Employee under Section 4 through the last day of Employee's actual employment hereunder. In addition, Employer shall pay Employee Three Hundred Fifty Thousand Dollars ($350,000) in twelve (12) monthly installments.
Termination due to Expiration of Employment Period. If Executive’s employment is terminated due to the expiration of the Term, Company will pay Executive the compensation (including Base Salary, accrued Sales Bonus and accrued Bonus, if any) and benefits due to Executive under Section 4 through the last day of Executive’s actual employment.
Termination due to Expiration of Employment Period. In the event the Employee’s employment by the Company is terminated as a result of the expiration of the Initial Term or any Renewal Term which is the result of the Company’s failure to consent to a further extension of the terms pursuant to Section 1, then neither the Employee nor the Employee’s beneficiaries or estate will have any further rights or claims against the Company under this Agreement except the right to receive: (i) any unpaid portion of the Base Salary provided for in Section 3.A. paid through the date of termination; (ii) Base Salary continuation for a six-month period following the expiration of the term and 50% of the Employee’s Target Bonus, each as in effect on the date of termination; (iii) payment of the Bonus accrued for the year prior to such termination (to the extent not already paid), as well as payment of a Target Bonus for the year of termination multiplied by a fraction the numerator of which is the number of days in such year through the termination date and the denominator of which is 365; (iv) reimbursement for any expenses for which the Employee shall not have theretofore been reimbursed as provided in Section 3 hereof; (v) reimbursement for benefits pursuant to Section 3.C. that would have been provided during the six (6) month period following termination, including COBRA premiums; and (vi) payment of all other accrued obligations of the Company, including accrued vacation and entitlements under the Company’s welfare and pension plans. Payment of the amount set forth in subsection (ii) above shall be payable in installments at the same time as salary payments would otherwise have been made to the Employee pursuant to the Company’s standard payroll practices, beginning on or after the sixtieth (60th) day following the date of the Employee’s termination of employment, provided that the first installment shall include all amounts that would have otherwise been paid prior thereto in accordance with subsection (ii). Payment of the amount set forth in subsection (iii) above shall be made on the sixtieth (60th) day following the date of the Employee’s termination of employment. Reimbursement of amounts set forth in subsections (iv) and (v) shall be made in accordance with the usual applicable policies in effect at the Company as if the Employee continued employment; provided that reimbursements pursuant to subsections (v) and (vi) shall not commence until the sixtieth (60th) day following the Employee’s termination of employme...
Termination due to Expiration of Employment Period. If Employee' s employment is terminated due to the expiration of the Employment Period pursuant to Section 4.1, the Company shall pay Employee the Compensation per Exhibit "A" (including accrued bonuses, if any) and benefits due to Employee under Section 3.2, 3.3 and 3.4 through the last day of Employee' s actual employment hereunder.
