Common use of By Expiration Clause in Contracts

By Expiration. If Employee's employment hereunder shall terminate upon expiration of the Term provided in paragraph 2.1, then all compensation and all benefits to Employee hereunder shall terminate contemporaneously with termination of his employment. Upon any termination of the employment relationship by either Employee or Company after the expiration of the Term provided in paragraph 2.1, Employee shall be entitled to pro-rata salary through the date of such termination and any and all other compensation to which Employee is entitled under this Agreement and all future benefits for which Employee is eligible under this Agreement shall cease and terminate.

Appears in 4 contracts

Samples: Employment Agreement (Spinnaker Exploration Co), Employment Agreement (Spinnaker Exploration Co), Employment Agreement (Spinnaker Exploration Co)

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By Expiration. If Employee's ’s employment hereunder shall terminate upon expiration of the Term term provided in paragraph 2.12.1 hereof, then all compensation and all benefits to Employee hereunder shall terminate contemporaneously with termination of his employment. Upon employment (except to the extent benefits continue pursuant to the specific terms of any termination of the employment relationship by either Employee plan or Company after the expiration of the Term provided in paragraph 2.1, Employee shall be entitled to pro-rata salary through the date of such termination and any and all other compensation to which Employee is entitled under this Agreement and all future benefits for which Employee is eligible under this Agreement shall cease and terminateprogram).

Appears in 1 contract

Samples: Employment Agreement (Southwest Bancorp of Texas Inc)

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