Contract Termination Payment Sample Clauses
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Contract Termination Payment. In consideration for Officer agreeing to terminate his Prior Employment Agreement and the compensation arrangements thereunder, including his rights to bonuses and post-termination compensation, the Company shall pay to Officer the sum of $514,600, payable on or before October 5, 2012.
Contract Termination Payment. In the event that Company shall not have made a Qualifying Offer (as hereinafter defined) to Executive by July 1, 2000, and no other agreement between Executive and Company relating to the extension of Executive's employment shall have been entered into by September 30, 2000, Executive shall be entitled to receive, after Executive's:
(a) having given Company written notice of its failure to deliver a Qualifying Offer; and
(b) not having received such Qualifying Offer from Company within five business days from the delivery of such notice to Company,
Contract Termination Payment