Compensation Upon Early Termination. (a) In the event of termination of this Agreement for “justifiable cause” as described in Section 4.1, or pursuant to Section 1.2 hereof, Employee shall be entitled to the compensation earned by him before the effective date of termination, as provided for in this Agreement, computed pro rata up to and including that date, in lieu of salary and other benefits under this Agreement.
Appears in 16 contracts
Samples: Employment Agreement (MedaSorb Technologies CORP), Employment Agreement (Cytosorbents Corp), Employment Agreement (MedaSorb Technologies CORP)
Compensation Upon Early Termination. (a) In the event of termination of this Agreement for “"justifiable cause” " as described in Section 4.1, or pursuant to Section 1.2 hereof, Employee shall be entitled to the compensation earned by him before the effective date of termination, as provided for in this Agreement, computed pro rata up to and including that date, in lieu of salary and other benefits under this Agreement.
Appears in 8 contracts
Samples: Employment Agreement (MedaSorb Technologies CORP), Employment Agreement (MedaSorb Technologies CORP), Employment Agreement (MedaSorb Technologies CORP)
Compensation Upon Early Termination. (a) In the event of termination of this Agreement for “justifiable cause” as described in Section 4.1, or pursuant to Section 1.2 hereof, Employee Executive shall be entitled to the compensation earned by him before the effective date of termination, as provided for in this Agreement, computed pro rata up to and including that date, in lieu of salary and other benefits under this Agreement.
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