Compensation After Termination Clause Samples

Compensation After Termination. GA shall not be entitled to any compensation after the Termination Date of this Agreement, except for: (a) Vested Compensation, and (b) any net credit balance in GA’s account for compensation earned as of the Termination Date.

Compensation After Termination. 11.3.1 In the event of termination for the convenience of the Owner, the Designer shall be paid that portion of its fees and expenses that it has earned to the date of termination, plus five percent (5%) of its compensation for Basic Services earned to date or of its unearned compensation for Basic Services, whichever is less, less any costs or expenses incurred or anticipated to be unearned by the Owner due to errors or omissions of the Designer. 11.3.2 In the event of termination by reason of a material breach of the Agreement by the Owner, the Designer shall be entitled to the same compensation as it would have received had the Owner terminated the Agreement for convenience, and the Designer expressly agrees that said compensation is fair and appropriate as liquidated damages for any and all costs and damages it might incur as a result of such termination. 11.3.3 In the event of termination by reason of a material breach of the Agreement by the Designer, the Designer shall be paid that portion of its fees and expenses that it has earned to the date of termination, less any costs or expenses incurred or anticipated to be incurred by the Owner due to errors or omissions of the Designer or by reason of the Designer's breach of this Agreement. 11.3.4 Should this Agreement be terminated, the Designer as provided under this Article 11, the Owner shall be granted, at no additional cost, ownership of all documents, drawings, and electronic data bases relating to the Project, including the ownership and use of all drawings, specifications, documents and materials relating to the Project prepared by or in the possession of the Designer. The Designer shall turn over to the Owner within seven (7) days and in good unaltered condition reproducibles of all original drawings, specifications, documents, electronic data bases and materials. In the event of such termination, and should the Owner use such drawings for completion of the Project, the Owner shall be responsible for any cost, expense, damage or claim arising out of the loss of life, personal injury or damage to tangible property occasioned wholly or in part by any act or omission by the Owner, its Contractor(s), agents or employees in connection with Owner's use of such drawings, plans, specifications, renderings, models and other work provided as part of Basic Services and Additional Services. The Designer specifically agrees to incorporate the provisions of this paragraph in all contracts for the services of...

Compensation After Termination. (a) If the Employment Period is terminated (i) by the Company without Cause; (ii) by reason of Employee's Disability; or (iii) through expiration of the Employment Period or death of Employee, then, (1) all shares of the Company's capital stock beneficially owned by the Employee may, at the Company's election, be repurchased by the Company for cash equal to the fair market value thereof at the effective date of termination (with the cash payment in full made promptly after a termination pursuant to this Section 2.6(a)(i) or 2.6(a)(iii) and with the cash payment made in three equal consecutive annual installments beginning on the date of termination pursuant to this Section 2.6(a)(ii)); (2) except as otherwise provided in the specific terms of the option agreement or grant, all unvested options to purchase stock of the Company held by Employee shall cease and terminate as of the date of termination, and all vested but unexercised options to purchase stock of the Company held by Employee may, at the Company's election, be repurchased by the Company (according to the same payment terms as apply to shares of the Company's capital stock) for an amount constituting the excess of fair market value of the shares subject to the options over the exercise price of the options, if any, and if there is no such excess, then such options may be repurchased by the Company for one hundred dollars ($100) in the aggregate; whereupon, the Company shall have no further obligations hereunder or otherwise with respect to Employee's employment from and after the termination or expiration date (except for the unpaid installments and payment of Employee's current Base Salary accrued through the date of termination or expiration) and the Company shall continue to have all other rights available hereunder (including without limitation, all rights under Sections 3 and 4 at law or in equity). For purposes of this Agreement, "fair market value" of shares of the Company's capital stock shall be determined as follows: i. If the Company's stock is listed on a national securities exchange, the fair market value shall be the average of the highest and lowest selling price of a share of stock on such exchange on the date of termination, or if there were no sales on such date, then on the next prior business day on which there were sales. ii. If the stock is traded other than on a national securities exchange, the fair market value shall be the average between the closing bid and asked price o...

Compensation After Termination. (a) If the Employment Period is terminated (i) by the Company for Good Cause, (ii) by Executive upon proper notice or (iii) upon expiration of the Employment Period, then the Company shall have no further obligations hereunder or otherwise with respect to Executive's employment from and after the termination or expiration date (except payment of Executive's Base Salary accrued through the date of termination, Stock Options that have vested through the date of the Executive's termination and any other accrued and unpaid benefits, if any), and the Company shall continue to have all other rights available hereunder (including without limitation, all rights under Section 3 at law or in equity). (b) If the Employment Period is terminated by the Company without Good Cause, the Executive shall be entitled to receive: (i) Executive's Base Salary for the remainder of the remainder of any Initial Period or then current Renewal Period to be paid in the same manner as if Executive had remained employed with the Company; (ii) Executive's employee benefit plans (as described Section 2.2(e) above) for the remainder of any Initial Period or then current Renewal Period to be maintained in the same manner as if Executive had remained employed with the Company; Employment Agreement - ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ (iii) An amount equal to Executive's Base Salary for three (3) months to be paid in cash, in full, within thirty (30) days of the effective date of Executive's termination; and (iv) All Stock Options that are scheduled to vest during the Initial Period shall be accelerated and deemed to have vested as of the date of the Executive's termination without Good Cause. Stock Options that have vested (or been deemed pursuant to this Section 2.3(b)(iv) to have vested) as of the date of such termination shall remain exercisable for a period of ninety (90) days. (c) If the Employment Period is terminated by reason of Executive's death or Total Disability, Executive shall be entitled to receive Executive's Base Salary accrued through the date of death or Total Disability and for the six-month period immediately following the date of death or Total Disability as well as any other accrued and unpaid benefits. All Stock Options that are scheduled to vest on the next succeeding anniversary of the Effective Date shall be accelerated and deemed to have vested as of the date of the Executive's death or Total Disability. Stock Options that have vested (or been deemed pursuant to this Section 2.3(...

Compensation After Termination. Upon termination of this agreement, payments under this section shall cease; provided, however, that so long as Associate-Licensee is not in default of any provision of this Agreement, Associate-Licensee shall be entitled to payments for periods or partial periods that occurred prior to the date of termination and for which Associate-Licensee has not yet been paid. Associate-Licensee authorizes Broker to deduct from any commissions due at termination of this Agreement all financial obligations owed to Broker that are imposed by terms of this Agreement. Furthermore, in the event Associate-Licensee leaves and has transactions pending that require further work normally rendered by the Associate-Licensee, Broker shall make arrangements for Broker or another Licensee in the company to perform the required work, and the Broker or Licensee assigned shall be compensated for completing the details of pending transactions and such compensation shall be deducted from the terminated associate-licensee’s share of the commission. Broker has full

Compensation After Termination. 12.3.1 In the event of termination for the convenience of the OWNER, the DESIGNER shall be paid that portion of its fees and expenses that it has earned to the date of termination, plus five percent (5%) of its Compensation for Basic Services earned to date or of its unearned Compensation for Basic Services, whichever is less, less any costs or expenses incurred or anticipated to be unearned by the OWNER due to errors or omissions of the DESIGNER. Upon receiving notice of termination, DESIGNER shall immediately and expeditiously terminate any ongoing Basic Services and Additional Services it is to provide hereunder and inform DESIGNER’s Consultants of the termination of this Agreement, so as to minimize the costs and expenses sustained prior to the effective date of the termination. 12.3.2 In the event of termination by reason of a material breach of the Agreement by the OWNER, the DESIGNER shall be entitled to the same compensation as it would have received had the OWNER terminated the Agreement for convenience, and the DESIGNER expressly agrees that said compensation is fair and appropriate as liquidated damages for any and all costs and damages it might incur as a result of such termination. 12.3.3 In the event of termination by reason of a material breach of the Agreement by the DESIGNER, the DESIGNER shall be paid that portion of its fees and expenses that it has earned to the date of termination, less any costs or expenses incurred or anticipated to be incurred by the OWNER due to errors or omissions of the DESIGNER or by reason of the DESIGNER’s breach of this Agreement. 12.3.4 Should this Agreement be terminated, for whatever reason, the DESIGNER shall, at the request of the OWNER, expend such additional effort as may be necessary, at its cost and expense, to provide professionally certified and sealed drawings to the OWNER, with respect to any Phase or item of the project. If the DESIGNER provides such certified and sealed drawings, DESIGNER shall be compensated in accordance with this Agreement.

Compensation After Termination. (a) If the Term of Employment is terminated (i) by the Bank for Cause (as defined below) or due to the death or disability of the Executive, (ii) by the Executive other than for Good Reason (as defined in Section 5(e)) or (iii) through expiration of the Term of Employment, the Bank shall have no further obligations hereunder or otherwise with respect to the Executive’s employment from and after the termination or expiration date (except payment of the Executive’s Base Salary and any bonus accrued and reimbursement of all reasonable travel and other business related expenses incurred through the date of termination or expiration) and the Bank shall continue to have all other rights available hereunder. (b) If the Term of Employment is terminated (i) by the Bank Without Cause (as defined in Section 5(d)) or (ii) by the Executive for Good Reason (as defined in Section 5(e))), the Executive shall be entitled to receive as severance pay (in addition to the payment of the Base Salary and reimbursement of expenses through the date of termination), an amount equal to the Executive’s remaining Base Salary for the year of termination payable within thirty (30) days of the end of the Term of Employment. After the thirtieth (30th) day following the end of the Term of Employment, the outstanding severance payment shall, until paid, bear interest per annum at the prime lending rate as published in The Wall Street Journal on the thirty-first (31st) day following the end of the Term of Employment. Except as otherwise specifically provided herein, the Bank shall have no other obligations hereunder or otherwise with respect to the Executive’s employment from and after the termination or expiration date, and the Bank shall continue to have all other rights available hereunder. (c) No termination under Section 5 shall terminate or adversely affect any rights of the Executive then vested under any disability or other benefit program of the Bank.

Compensation After Termination. In the event the Company terminates the Executive's employment with the Company or Executive voluntarily terminates his employment, he shall be entitled to one month of his annual compensation following his date of termination, plus any accrued but unused vacation time. In addition, he shall be entitled to those stock options which have vested as of the effective date of the termination.

Compensation After Termination. (i) If the Term of Employment is terminated (i) by Bank for cause or due to the death or disability of Executive, (ii) by Executive or (iii) through expiration of the Term of Employment, Bank shall have no further obligations hereunder or otherwise with respect to Executive's employment from and after the termination or expiration date (except payment of Executive's Base Salary accrued through the date of termination or expiration) and Bank shall continue to have all other rights available hereunder. (ii) If the Term of Employment is terminated by the Bank without cause, Executive shall be entitled to receive as severance pay (in addition to the payment of the Base Salary through the date of termination) an amount equal to Executive's Base Salary, payable within thirty (30) days of the end of the Term of Employment; provided, however, if the severance payment to Executive would cause Bank to contravene any law, regulation or policy applicable to Bank, Bank and Executive agree that such severance payment shall be made to the extent permitted by law, regulation and policy, and the remainder of such severance payment shall be made from time to time at the earliest time permitted by law, regulation and policy. After the 30th day following the end of the Term of Employment, the outstanding severance payment shall, until paid, bear interest per annum at the prime lending rate as published in the Southwest Edition of The Wall Street Journal on the 31st day following the end of the Term of Employment. In addition to the severance payment, Bank shall reimburse Executive in the maximum amount of $10,000.00 for reasonable expenses incurred by Executive in relocating from San Diego County, California upon receipt of evidence thereof. Except as otherwise specifically provided herein, Bank shall have no other obligations hereunder or otherwise with respect to Executive's employment from and after the termination or expiration date, and Bank shall continue to have all other rights available hereunder. (iii) No termination under Section 4 shall terminate or adversely affect any rights of Executive then vested under any disability or other benefit program of Bank.