Common use of Compensation Upon Termination or During Disability Clause in Contracts

Compensation Upon Termination or During Disability. In the event Executive is disabled or his employment terminates during the Employment Period, the Company shall provide Executive with the payments and benefits set forth below. Executive acknowledges and agrees that the payments set forth in this Section 8 constitute liquidated damages for termination of his employment during the Employment Period.

Appears in 37 contracts

Samples: Employment Agreement (Basanite, Inc.), Employment Agreement (True Product Id, Inc.), Employment Agreement (True Product Id, Inc.)

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Compensation Upon Termination or During Disability. In the event -------------------------------------------------- Executive is disabled or his employment terminates during the Employment Period, the Company shall provide Executive with the payments and benefits set forth below. Executive acknowledges and agrees that the payments set forth in this Section 8 constitute liquidated damages for termination of his employment during the Employment Period.

Appears in 8 contracts

Samples: Employment Agreement (Petro Stopping Centers L P), Employment Agreement (Excel Realty Trust Inc), Employment Agreement (Excel Realty Trust Inc)

Compensation Upon Termination or During Disability. In the event the Executive is disabled or his employment terminates during the Employment Period, the Company shall provide the Executive with the payments and benefits set forth below. The Executive acknowledges and agrees that the payments set forth in this Section 8 constitute liquidated damages for termination of his employment during the Employment Period.

Appears in 8 contracts

Samples: Employment Agreement (Source Financial, Inc.), Employment Agreement (Source Financial, Inc.), Employment Agreement (Retek Inc)

Compensation Upon Termination or During Disability. In the event Executive is disabled or his employment terminates during the Employment Period, the Company shall provide Executive with the payments and benefits set forth below. Executive acknowledges and agrees that the payments set forth in this Section 8 7 constitute liquidated damages for termination of his employment during the Employment Period.

Appears in 7 contracts

Samples: Employment Agreement (Verado Holdings Inc), Employment Agreement (Firstworld Communications Inc), Employment Agreement (Firstworld Communications Inc)

Compensation Upon Termination or During Disability. In the event the Executive is disabled or his employment terminates during the Employment Period, the Company shall provide the Executive with the payments and benefits set forth below. The Executive acknowledges and agrees that the payments set forth in this Section 8 constitute liquidated damages for termination of his employment during the Employment Period.. (a)

Appears in 3 contracts

Samples: Employment Agreement (Neptune Society Inc/Fl), Employment Agreement (Neptune Society Inc/Fl), Employment Agreement (Neptune Society Inc/Fl)

Compensation Upon Termination or During Disability. In the event Executive is disabled Disabled or his employment otherwise terminates during the Employment Period, the Company shall provide Executive with the payments and benefits set forth below. Executive acknowledges and agrees that the payments set forth in this Section 8 constitute liquidated damages for termination of his employment during the Employment Period.

Appears in 3 contracts

Samples: Employment Agreement (Clear Channel Communications Inc), Employment Agreement (Clear Channel Communications Inc), Employment Agreement (Clear Channel Communications Inc)

Compensation Upon Termination or During Disability. In the event Executive is disabled or his her employment terminates during the Employment Period, the Company shall provide Executive with the payments and benefits set forth below. Executive acknowledges and agrees that the payments set forth in this Section 8 constitute liquidated damages for termination of his her employment during the Employment Period.

Appears in 2 contracts

Samples: Employment Agreement (Price Legacy Corp), Employment Agreement (Theglobe Com Inc)

Compensation Upon Termination or During Disability. In the event the Executive is disabled or his her employment terminates during the Employment Period, the Company shall provide the Executive with the payments and benefits set forth below. The Executive acknowledges and agrees that the payments set forth in this Section 8 constitute liquidated damages for termination of his her employment during the Employment Period.

Appears in 2 contracts

Samples: Employment Agreement (Wikiloan Inc.), Employment Agreement (Martha Stewart Living Omnimedia Inc)

Compensation Upon Termination or During Disability. In the event -------------------------------------------------- Executive is disabled or his employment terminates during the Employment Period, the Company shall provide Executive with the payments and benefits set forth below. Executive acknowledges and agrees that the payments set forth in this Section 8 7 constitute liquidated damages for termination of his employment during the Employment Period.

Appears in 2 contracts

Samples: Employment Agreement (Firstworld Communications Inc), Employment Agreement (Firstworld Communications Inc)

Compensation Upon Termination or During Disability. In the event Executive is disabled or his employment terminates during the Employment Period, the Company shall provide Executive with the payments and benefits set forth below. Executive acknowledges and agrees that the payments set forth in this Section 8 8, and the other agreements and plans referenced in this Agreement, constitute the sole and liquidated damages for termination of his employment during the Employment Period.

Appears in 2 contracts

Samples: Employment Agreement (Fleming Companies Inc /Ok/), Employment Agreement (Fleming Companies Inc /Ok/)

Compensation Upon Termination or During Disability. In the event Executive is disabled or his employment terminates during the Employment PeriodTerm, the Company shall provide Executive with the payments and benefits set forth below. Executive acknowledges and agrees that the payments set forth in this Section 8 7 constitute liquidated damages for termination of his employment during the Employment Period.

Appears in 2 contracts

Samples: Indemnification Agreement (Recom Managed Systems Inc De/), Agreement (Recom Managed Systems Inc De/)

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Compensation Upon Termination or During Disability. In the event Executive is disabled suffers or incurs a Disability as defined in Section 6(b) or his employment terminates during the Employment Period, the Company shall provide Executive with the payments and benefits set forth below. Executive acknowledges and agrees that the payments set forth in this Section 8 constitute liquidated damages for termination of his employment during the Employment Period.

Appears in 1 contract

Samples: Employment Agreement (Vornado Realty Trust)

Compensation Upon Termination or During Disability. In the event Executive is disabled or his employment terminates during the Employment Period, the Company shall provide Executive with the payments and benefits set forth belowbelow and any Deferred Cash Bonus earned by Executive but not yet paid to Executive (such Deferred Cash Bonus to be paid pursuant to Section 5(e)(iv) above). Executive acknowledges and agrees that the payments set forth in this Section 8 constitute liquidated damages for termination of his employment during the Employment Period.

Appears in 1 contract

Samples: Employment Agreement (Firstworld Communications Inc)

Compensation Upon Termination or During Disability. In the event Executive is disabled suffers or incurs a Disability as defined in Section 6(b) or his employment terminates during the Employment Period, the Company shall provide Executive with the payments and benefits set forth below, subject to the provisions of Section 8(f) hereof. Executive acknowledges and agrees that the payments and benefits set forth in this Section 8 constitute liquidated damages for termination of his employment during the Employment Period.

Appears in 1 contract

Samples: Employment Agreement (Vornado Realty Trust)

Compensation Upon Termination or During Disability. In the event -------------------------------------------------------- Executive is disabled or his employment terminates during the Employment Period, the Company shall provide Executive with the payments and benefits set forth below. Executive acknowledges and agrees that the payments set forth in this Section 8 10 constitute liquidated damages for termination of his employment during the Employment Period.

Appears in 1 contract

Samples: Employment Agreement (Theglobe Com Inc)

Compensation Upon Termination or During Disability. In the event Executive is disabled or his employment terminates during the Employment Period, the Company shall provide Executive with the payments and benefits set forth below. Executive acknowledges and agrees that the payments set forth in this Section 8 7, and the other agreements and plans referenced in this Agreement, constitute the sole and liquidated damages for termination of his employment during the Employment Period.

Appears in 1 contract

Samples: Employment Agreement (Advantage Marketing Systems Inc/Ok)

Compensation Upon Termination or During Disability. In the event Executive is disabled or his her employment terminates during the Employment PeriodTerm, the Company shall provide Executive with the payments and benefits set forth below. Executive acknowledges and agrees that the payments set forth in this Section 8 7 constitute liquidated damages for termination of his her employment during the Employment Period.

Appears in 1 contract

Samples: Indemnification Agreement (Recom Managed Systems Inc De/)

Compensation Upon Termination or During Disability. In the event Executive is disabled or his employment terminates during the Employment Period, the Company shall shall, subject to Section 8(f), provide Executive with the payments and benefits set forth below; provided, however, that in no event shall a payment be made under this Section 8 due to Executive’s termination of employment unless such termination constitutes a “Separation from Service,” as defined under Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”). By signing this Agreement, Executive acknowledges and agrees that the payments set forth in this Section 8 constitute liquidated damages for termination of his employment during the Employment Period.

Appears in 1 contract

Samples: Employment Agreement (CBIZ, Inc.)

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