Consequences of Termination of Employment Period Sample Clauses

Consequences of Termination of Employment Period. If the Executive’s services are terminated pursuant to Paragraph 4, the Executive shall be entitled to the continuation of his salary through his final date of active employment, plus any accrued but unused vacation pay. The Executive also shall be entitled to any benefits mandated under the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) or required under any death, insurance or retirement plan, program or agreement provided by the Company to which the Executive is a party or in which the Executive is a participant including, but not limited to, any short term or long term disability plan or program, if applicable. In addition to the salary and benefits set forth above, if the Executive’s employment is terminated prior to the end of the Employment Period, other than pursuant to Paragraph 4(b), 4(c) or 4(e), the Executive (or his estate which shall receive all payments otherwise owed to the Executive hereunder) shall (A) vest in any options otherwise unvested under Paragraph 3(c) and (B) shall be entitled to the continuation of his Base Salary plus the bonus amount as described in section 3(b) for a period of time equal to six months (the “Salary Continuation Period”). The amount due hereunder shall be payable in accordance with the Company’s payroll policy from time to time in effect. The Executive shall also, during the Salary Continuation Period, be entitled to the continuation of all benefits set forth in Paragraph 3(d) of this Agreement.
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Consequences of Termination of Employment Period 
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Related to Consequences of Termination of Employment Period

  • Consequences of Termination of Employment The consequences of the Holder’s termination of employment during the Performance Cycle and before a Change in Control shall be as follows:

  • Term; Termination of Employment The term of this Agreement (the “Term”) begins on the Effective Date and will end, along with Executive’s employment with the Company, on the earliest to occur of the following events.

  • Termination of Employment Period The employment of the Employee by the Company pursuant to this Agreement shall terminate upon the occurrence of any of the following:

  • Notice of Termination of Employment Except where local law prohibits enforcement or you resign for Good Reason under the terms of the Plan, you agree that if you voluntarily resign you will give at least six months’ written notice to the Company of your voluntary Termination, which may be working notice or non-working notice at the Company’s sole discretion and which notice period is waivable by the Company at the Company’s sole discretion. This notice period provision supersedes any conflicting notice period provision contained in the award agreements governing your prior long-term incentive awards awarded under the Plan. [SECTION 6 TO BE INSERTED AT DISCRETION OF THE COMMITTEE OR ITS DELEGATE]

  • Effect of Termination of Employment The provisions of this Section 6 shall apply in the event of termination of Executive’s employment, pursuant to Section 5, or otherwise.

  • Termination of Employment Generally In the event the Executive’s employment with the Company terminates, for any reason whatsoever including death or disability the Executive shall be entitled to the benefits described in this Section 2.2.

  • Meaning of Termination of Employment For all purposes of this Agreement, Executive shall be considered to have terminated employment with the Company when Executive incurs a “separation from service” with the Company within the meaning of Section 409A(a)(2)(A)(i) of the Internal Revenue Code; provided, however, that whether such a separation from service has occurred shall be determined based upon a reasonably anticipated permanent reduction in the level of bona fide services to be performed to no more than 25% of the average level of bona fide services provided in the immediately preceding 36 months.

  • TERMINATION OF EMPLOYMENT; EFFECT OF TERMINATION (a) The Term of Employment may be terminated by the Company at any time:

  • Voluntary Termination of Employment If during the Employment Term, Executive terminates his employment under circumstances other than those specified elsewhere in this Section 8, Executive shall be entitled to the payments and benefits specified in Section 8(a).

  • Compensation Following Termination of Employment In the event that Executive's employment hereunder is terminated, Executive shall be entitled to the following compensation and benefits upon such termination:

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