Common use of Certain Termination Benefits Clause in Contracts

Certain Termination Benefits. In the event of the termination of Executive's employment pursuant to any provision of this Agreement, then no later than the next payroll date following the date of termination of Executive's employment for any reason, FairMarket shall pay Executive for all salary and vacation time accrued as of such date of termination. Except as otherwise specifically provided in any compensation and benefit programs in which Executive participated, all compensation and benefits payable to Executive shall terminate on the date of termination of Executive's employment.

Certain Termination Benefits. i. In the event of the termination of Executive's employment pursuant to any provision of this Agreement, then no later than the next payroll date following the date of termination of Executive's employment for any reason, FairMarket shall pay Executive for all salary and vacation time accrued as of such date of termination. Except as otherwise specifically provided in any compensation and benefit programs in which Executive participated, all compensation and benefits payable to Executive shall terminate on the date of termination of Executive's employment.