Common use of Compensation in the Event of Termination Clause in Contracts

Compensation in the Event of Termination. Upon the termination of Executive's employment with Company, Company shall pay to Executive (or Executive's heirs or successors) all unpaid Base Salary for the period through the date of termination and reimbursement for allowable expenses incurred by Executive through such date. Company shall not be obligated to pay Executive any Base Salary for periods beyond the date of termination.