Common use of Effect of Certain Terminations of Employment Clause in Contracts

Effect of Certain Terminations of Employment. If Executive’s employment with the Company is terminated other than as a result of a Qualifying Termination or under Section 5(b), Executive shall only be entitled to the Accrued Obligations, which shall be paid within thirty (30) days following the employment termination date.

Appears in 2 contracts

Sources: Employment Transition Agreement (IAC Inc.), Employment Transition Agreement (IAC Inc.)

Effect of Certain Terminations of Employment. If Executive’s employment with the Company is terminated other than as a result of a Qualifying Termination or under Section 5(b)Termination, Executive shall only be entitled to the Accrued ObligationsBenefits, which shall be paid within thirty (30) days following the employment termination date.

Appears in 1 contract

Sources: Employment Transition Agreement (IAC Inc.)