Base Salary and Benefits. All Base Salary and Benefits shall cease at the time of such termination, subject to the terms of any benefit plan then in force and applicable to Employee. Employee shall not be entitled to receive any Bonus on account of the then current year. Except as specifically set forth in this Section 8.5, the Company shall have no liability or obligation to Employee hereunder by reason of such termination.
Appears in 3 contracts
Samples: Executive Employment Agreement (Orbit Fr Inc), Employment Agreement (Orbit Fr Inc), Executive Employment Agreement (Orbit Fr Inc)
Base Salary and Benefits. All Base Salary and Benefits compensation shall cease at the time of such termination, subject to the terms of any benefit or compensation plan then in force and applicable to Employee. Employee All outstanding options which remain unvested shall not be entitled to receive any Bonus on account of the then current yearautomatically canceled and declared null and void. Except as specifically set forth in this Section 8.59.2, the Company shall have no liability or obligation to Employee hereunder by reason of such termination.
Appears in 2 contracts
Samples: Employment Agreement (Mothers Work Inc), Employment Agreement (Mothers Work Inc)
Base Salary and Benefits. All Base Salary Salary, Benefits and Benefits Other Compensation shall cease at the time of such termination, subject to the terms of any benefit or compensation plan then in force and applicable to Employee. Employee shall not be entitled to receive any Bonus on account of the then current year. Except as specifically set forth in this Section 8.59.3, the Company shall have no liability or obligation to Employee hereunder by reason of such termination.
Appears in 2 contracts
Samples: Employment Agreement (Marlton Technologies Inc), Employment Agreement (Marlton Technologies Inc)
Base Salary and Benefits. All Base Salary and Benefits shall cease at the time of such termination, subject to the terms of any benefit plan then in force and applicable to Employee. Employee shall not be entitled to receive any Bonus on account of (whether or not then earned) for (i) the then current calendar year, and (ii) the calendar year in which the event giving rise to the termination for "cause" occurred. Except as specifically set forth in this Section 8.58.3, the Company shall have no liability or obligation to Employee hereunder by reason of such termination.
Appears in 2 contracts
Samples: Employment Agreement (Orbit Fr Inc), Executive Employment Agreement (Orbit Fr Inc)
Base Salary and Benefits. All Base Salary and Benefits shall cease at the time of such termination, subject to the terms of any benefit plan then in force and applicable to Employee. Employee shall not be entitled to receive any Bonus on account of (whether or not then earned) for (i) the then current calendar year, and (ii) the calendar year in which the event giving rise to the termination for “cause” occurred. Except as specifically set forth in this Section 8.59.3, the Company shall have no liability or obligation to Employee hereunder by reason of such termination.
Appears in 1 contract
Samples: Executive Employment Agreement (ReWalk Robotics Ltd.)
Base Salary and Benefits. All Base Salary and Benefits shall cease at the time of such termination, subject to the terms of any benefit plan then in force and applicable to Employee. Employee shall not be entitled to receive any Bonus on account of (whether or not then earned) for (i) the then current calendar year, and (ii) the calendar year in which the event giving rise to the termination for “cause” occurred. Except as specifically set forth in this Section 8.58.3, the Company shall have no liability or obligation to Employee hereunder by reason of such termination.
Appears in 1 contract
