Common use of Accrued Salary Clause in Contracts

Accrued Salary. If the Executive’s employment shall be terminated for any reason following a Change in Control and during the Term, the Company shall pay to the Executive such Executive’s full salary through the Date of Termination at the rate in effect immediately prior to the Date of Termination or, if higher, the rate in effect immediately prior to the first occurrence of an event or circumstance constituting Good Reason, together with all compensation and benefits payable to the Executive through the Date of Termination under the terms of the Company’s compensation and benefit plans, programs or arrangements as in effect immediately prior to the Date of Termination or, if more favorable to the Executive, as in effect immediately prior to the first occurrence of an event or circumstance constituting Good Reason.

Appears in 7 contracts

Samples: Severance Agreement (Starwood Hotel & Resorts Worldwide, Inc), Severance Agreement (Starwood Hotel & Resorts Worldwide Inc), Severance Agreement (Starwood Hotel & Resorts Worldwide Inc)

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Accrued Salary. If the Executive’s 's employment shall be terminated for any reason following a Change in Control and during the Term, the Company shall pay to the Executive such Executive’s 's full salary through the Date of Termination at the rate in effect immediately prior to the Date of Termination or, if higher, the rate in effect immediately prior to the first occurrence of an event or circumstance constituting Good Reason, together with all compensation and benefits payable to the Executive through the Date of Termination under the terms of the Company’s 's compensation and benefit plans, programs or arrangements as in effect immediately prior to the Date of Termination or, if more favorable to the Executive, as in effect immediately prior to the first occurrence of an event or circumstance constituting Good Reason.

Appears in 5 contracts

Samples: Severance Agreement (Starwood Hotel & Resorts Worldwide Inc), Severance Agreement (Starwood Hotels & Resorts), Severance Agreement (Starwood Hotels & Resorts)

Accrued Salary. If the Executive’s employment shall be terminated for any reason following a Change in Control and during the Term, the Company shall pay to the Executive such Executive’s full salary through the Date of Termination at the rate in effect immediately prior to the Date of Termination or, if higher, the rate in effect immediately prior to the first occurrence of an event or circumstance constituting Good Reason, together with all compensation and benefits payable to the Executive through the Date of Termination under the terms of the Company’s compensation and benefit plans, programs or arrangements as in effect immediately prior to the Date of Termination or, if more favorable to the Executive, as in effect immediately prior to the first occurrence of an event or circumstance constituting Good Reason.

Appears in 1 contract

Samples: Severance Agreement (Starwood Hotel & Resorts Worldwide Inc)

Accrued Salary. If the Executive’s 's employment shall be terminated for any reason following a Change in Control and during the Term, the Company shall pay to the Executive such Executive’s 's full salary through the Date of Termination at the rate in effect immediately prior to the Date of Termination or, if higher, the rate in effect immediately prior to the first occurrence of an event or circumstance constituting Good Reason, together with all compensation and benefits payable to the Executive through the Date of Termination under the terms of the Company’s 's compensation and benefit plans, programs or arrangements as in effect immediately prior to the Date of Termination or, if more favorable to the Executive, as in effect immediately prior to the first occurrence of an event or circumstance constituting Good Reason.

Appears in 1 contract

Samples: Severance Agreement (Starwood Hotel & Resorts Worldwide Inc)

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Accrued Salary. If the Executive’s 's employment shall be terminated -------------- for any reason following a Change in Control and during the Term, the Company shall pay the Executive's full salary to the Executive such Executive’s full salary through the Date of Termination at the rate in effect immediately prior to the Date of Termination or, if higher, the rate in effect immediately prior to the first occurrence of an event or circumstance constituting Good Reason, together with all compensation and benefits payable to the Executive through the Date of Termination under the terms of the Company’s 's compensation and benefit plans, programs or arrangements as in effect immediately prior to the Date of Termination or, if more favorable to the Executive, as in effect immediately prior to the first occurrence of an event or circumstance constituting Good Reason.

Appears in 1 contract

Samples: Severance Agreement (Aura Systems Inc)

Accrued Salary. If the Executive’s 's employment shall be terminated -------------- for any reason following a Change in Control and during the Term, the Company shall pay the Executive's full salary to the Executive such Executive’s full salary through the Date of Termination at the rate in effect immediately prior to the Date of Termination or, if higher, the rate in effect immediately prior to the first occurrence of an event or circumstance constituting Good Reason, together with all compensation and benefits payable to the Executive through the Date of Termination under the terms of the Company’s compensation 's compensa- tion and benefit plans, programs or arrangements as in effect immediately prior to the Date of Termination or, if more favorable to the Executive, as in effect immediately prior to the first occurrence of an event or circumstance constituting Good Reason.

Appears in 1 contract

Samples: Severance Agreement (Aura Systems Inc)

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