Common use of Certain Obligations of Employer Following Termination of the Employment Term Clause in Contracts

Certain Obligations of Employer Following Termination of the Employment Term. Following termination of the Employment Term under the circumstances described below, Par shall pay to Executive or his estate, as the case may be, the following compensation and provide the following benefits. All lump sum amounts shall be paid within forty-five (45) days of the Date of Termination in accordance with Par’s regular payroll practices. In connection with Executive’s receipt of any or all compensation and benefits to be received pursuant to this Section 3.3, Executive shall not have a duty to seek subsequent employment during the period in which he is receiving severance payments and the Severance Amount (as defined in Section 3.3.2 hereof) shall not be reduced solely as a result of Executive’s subsequent employment by an entity other than Employer. Executive must execute within thirty (30) days after the Date of Termination Employer’s standard form of Release Agreement attached as Exhibit A hereto.

Certain Obligations of Employer Following Termination of the Employment Term. Following termination of the Employment Term under the circumstances described below, Par Employer shall pay to Executive or his her estate, as the case may be, the following compensation and provide the following benefits. All lump sum amounts shall be paid within forty-five (45) days of the Date of Termination in accordance with ParEmployer’s regular payroll practices. In connection with Executive’s receipt of any or all compensation and benefits to be received pursuant to this Section 3.3, Executive shall not have a duty to seek subsequent employment during the period in which he she is receiving severance payments and the Severance Amount (as defined in Section 3.3.2 hereof) shall not be reduced solely as a result of Executive’s subsequent employment by an entity other than Employer. The Executive must execute within thirty (30) days after the Date of Termination Employer’s standard form of Release Agreement attached as Exhibit A hereto.

Certain Obligations of Employer Following Termination of the Employment Term. Following termination of the Employment Term under the circumstances described below, Par shall pay to Executive or his estate, as the case may be, the following compensation and provide the following benefits. All lump sum amounts shall be paid within forty-five (45) days of the Date of Termination in accordance with Par’s regular payroll practices. In connection with Executive’s receipt of any or all compensation and benefits to be received pursuant to this Section 3.3, Executive shall not have a duty to seek subsequent employment during the period in which he is receiving severance payments and the Severance Amount (as defined in Section 3.3.2 hereof) shall not be reduced solely as a result of Executive’s subsequent employment by an entity other than Employer. Executive must execute within thirty (30) days after the Date of Termination Employer’s then-current standard form of Release Agreement Agreement, the current form of which is attached as Exhibit A hereto.

Certain Obligations of Employer Following Termination of the Employment Term. Following termination of the Employment Term under the circumstances described below, Par Employer shall pay to Executive or his estate, as the case may be, the following compensation and provide the following benefits. All lump sum amounts payments owed by Employer shall be paid made to Executive within forty-five (45) days of the Date of Termination in accordance with Parthe Employer’s regular payroll practices. In connection with Executive’s receipt of any or all compensation and benefits to be received pursuant to this Section 3.3, Executive shall not have a duty to seek subsequent employment during the period in which he is receiving severance payments and the Severance Amount (as defined in Section 3.3.2 hereof) shall not be reduced solely as a result of Executive’s subsequent employment by an entity other than Employer. The Executive must execute within thirty (30) days after the Date of Termination Employer’s standard form of Release Agreement attached as Exhibit A hereto.

Certain Obligations of Employer Following Termination of the Employment Term. Following termination of the Employment Term under the circumstances described below, Par Employer shall pay to Executive or his estate, as the case may be, the following compensation and provide the following benefits. All lump sum amounts shall be paid within forty-five (45) days of the Date of Termination in accordance with ParEmployer’s regular payroll practices. In connection with Executive’s receipt of any or all compensation and benefits to be received pursuant to this Section 3.3, Executive shall not have a duty to seek subsequent employment during the period in which he is receiving severance payments and the Severance Amount (as defined in Section 3.3.2 hereof) shall not be reduced solely as a result of Executive’s subsequent employment by an entity other than Employer. The Executive must execute within thirty (30) days after the Date of Termination Employer’s standard form of Release Agreement attached as Exhibit A hereto.