Common use of Company’s Post-Termination Obligations Clause in Contracts

Company’s Post-Termination Obligations. A. If this Agreement terminates for the reasons set forth in Sections 4B or E above, then the Company will pay You all accrued but unpaid wages, based on Your then current Base Salary, through the termination date. The Company shall have no other obligations to You, including under this Agreement, any Company policy, or otherwise; however, You shall continue to be bound by Sections 7D and all other post-termination obligations to which You are subject, including, but not limited to, the obligations contained in this Agreement. You shall also not be entitled to any accelerated vesting of any stock based compensation granted pursuant to the 2002 Lodgian, Inc. Stock Incentive Plan or any other similar plan.

Appears in 5 contracts

Samples: Employment Agreement (Lodgian Inc), Employment Agreement (Lodgian Inc), Employment Agreement (Lodgian Inc)

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