Common use of By Expiration Clause in Contracts

By Expiration. If Executive’s employment hereunder shall terminate as provided in paragraph 2.1 hereof, then all compensation and all benefits to Executive hereunder shall terminate contemporaneously with termination of his employment except to the extent (i) any compensation (including bonuses), or Bonus Shares earned by Executive during the Employment Term have not been determined, paid, issued or delivered to Executive as of the expiration of the Employment Term, in which case Company shall remain obligated to pay, issue or deliver any such compensation, or Bonus Shares in accordance with the terms and provisions hereof, and (ii) benefits continue pursuant to the specific terms of any plan or program.

Appears in 3 contracts

Samples: Employment Agreement (Sterling Bancshares Inc), Employment Agreement (Sterling Bancshares Inc), Employment Agreement (Sterling Bancshares Inc)

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By Expiration. If Executive’s 's employment hereunder shall terminate as upon expiration of the Employment Term provided in paragraph 2.1 hereof, then all compensation and all benefits to Executive hereunder shall terminate contemporaneously with termination of his employment except to the extent (i) any compensation (including bonuses), Bonus Options or Bonus Shares earned by Executive during the Employment Term pursuant to paragraph 3.3 and the Schedules attached hereto have not been determined, paid, issued or determined and/or delivered to Executive as of the expiration of the Employment Term, in which case the Company shall remain obligated to pay, issue or deliver any such compensation, or Bonus Options and/or Bonus Shares in accordance with the terms and provisions hereof, and (ii) benefits continue pursuant to the specific terms of any plan or program.

Appears in 1 contract

Samples: Employment Agreement (Sterling Bancshares Inc)

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By Expiration. If Executive’s employment hereunder shall terminate as provided in paragraph 2.1 hereof, then all compensation and all benefits to Executive hereunder shall terminate contemporaneously with termination of his employment except to the extent (i) any compensation (including bonuses), or Bonus Shares earned by Executive during the Employment Term have not been determined, paid, issued or delivered to Executive as of the expiration of the Employment Term, in which case Company shall remain obligated to pay, issue or deliver any such compensation, or Bonus Shares in accordance with the terms and provisions hereof, and (ii) benefits which continue pursuant to the specific terms of any plan or program.

Appears in 1 contract

Samples: Employment Agreement (Sterling Bancshares Inc)

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