Common use of Effect of Termination on Compensation Clause in Contracts

Effect of Termination on Compensation. In the event of the termination of this Agreement prior to the completion of the term of employment specified in Article 1, the Employee shall be entitled to the compensation earned by the Employee prior to the effective date of termination as provided for in this Agreement, computed pro rata up to and including that date. Except as otherwise provided in this Agreement, the Employee shall be entitled to no further compensation after the date of termination.

Appears in 5 contracts

Samples: Employment Contract (Uniview Technologies Corp), Employment Contract (Uniview Technologies Corp), Employment Contract (Uniview Technologies Corp)

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Effect of Termination on Compensation. In the event of the termination of this Agreement is terminated prior to the completion of the term Employment Period or any period of employment specified in Article 1renewal, the Employee shall be entitled to the compensation earned by the Employee him prior to the effective date of termination as provided for in this Agreement, Agreement computed pro rata up to and including that date. Except as otherwise provided in this Agreement, the Employee shall be entitled to no further compensation after as of the date of termination.

Appears in 5 contracts

Samples: Employment Agreement (Rex Stores Corp), Employment Agreement (Rex Stores Corp), Employment Agreement (Rex Stores Corp)

Effect of Termination on Compensation. Section 8.03 In the event of the termination of this Agreement agreement prior to the completion of the term of employment specified in Article 1herein, the Employee shall be entitled to the compensation earned by the Employee prior to the effective date of termination as provided for in this Agreement, agreement computed pro rata up to and including that date. Except as otherwise provided in this Agreement, the Employee shall be entitled to no further compensation after the date Definition of termination.Cause

Appears in 3 contracts

Samples: Employment Contract (Skylynx Communications Inc), Employment Contract (Skylynx Communications Inc), Employment Contract (Skylynx Communications Inc)

Effect of Termination on Compensation. In the event of the termination of this Agreement Agreement, prior to the completion of the term of the employment specified in Article 1I, the Employee shall be entitled to the compensation earned by the Employee prior to the effective date of termination as provided for in this Agreement, Agreement computed pro rata prorata up to and including that date. Except as otherwise provided in this Agreement, the The Employee shall be entitled to no further compensation after as of the date of termination.

Appears in 3 contracts

Samples: Employment Agreement (Integrated Management Information, Inc.), Employment Agreement (Integrated Management Information, Inc.), Employment Agreement (Integrated Management Information, Inc.)

Effect of Termination on Compensation. In the event of the termination of this Agreement is terminated prior to the completion of the term Employment Period or any period of employment specified in Article 1renewal, the Employee shall be entitled to the compensation earned by the Employee him prior to the effective date of termination as provided for in this Agreement, Agreement computed pro rata up to and including that date. Except as otherwise provided in this Agreement, the ; Employee shall be entitled to no further compensation after as of the date of termination.

Appears in 2 contracts

Samples: Employment Agreement (Rex Stores Corp), Employment Agreement (Rex Stores Corp)

Effect of Termination on Compensation. In the event of the termination of this Agreement prior to the completion of the term of employment specified in Article 1it, the pursuant to Section 5.01, 5.02 or 5.03, Employee shall be entitled to the compensation earned by the Employee prior to the effective date of termination as provided for in this the Agreement, computed pro rata up to and including that date. Except as otherwise provided in this Agreement, the and Employee shall be entitled to no further compensation after the date of such termination.

Appears in 2 contracts

Samples: Employment Agreement (Lifequest Medical Inc), Employment Agreement (Lifequest Medical Inc)

Effect of Termination on Compensation. In the event of the termination of this Agreement prior to the completion of the term of employment specified in Article 1, the Employee shall be entitled to the compensation earned by the Employee prior to the effective date of termination as provided for in this Agreement, computed pro rata up to and including that date. Except as otherwise provided in this Agreement, the Employee shall be entitled to no further compensation after the date of termination. 9.06.

Appears in 2 contracts

Samples: Employment Contract (Curtis Mathes Holding Corp), Employment Contract (Curtis Mathes Holding Corp)

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Effect of Termination on Compensation. In the event of the termination of this Agreement prior to the completion of the term of employment specified in Article 1it, the pursuant to Section 5.01, 5.02 or 5.03, Employee shall be entitled to the basic compensation earned by the Employee prior under Section 1.01 to the effective date of termination as provided for in this the Agreement, computed pro rata up to and including that date. Except as otherwise provided in this Agreement, the and Employee shall be entitled to no further compensation, including any compensation under Section 1.02, after the date of such termination.

Appears in 2 contracts

Samples: Plan of Merger and Acquisition Agreement (Lifequest Medical Inc), Employment Agreement (Lifequest Medical Inc)

Effect of Termination on Compensation. In the event of the termination of this Agreement prior to the completion of the term of employment specified in Article 1herein, the Employee Hxxxxx shall be entitled to the compensation Basic Compensation earned by the Employee him prior to the effective date of termination as provided for in this Agreement, computed pro rata up to and including that date, and said compensation shall be paid by IGT within thirty (30) days of the termination date. Except as otherwise provided in this Agreement, the Employee Hxxxxx shall be entitled to no further compensation after as of the date of termination.

Appears in 1 contract

Samples: Employment Agreement (International Game Technology)

Effect of Termination on Compensation. In the event of the termination of this Agreement is terminated prior to the completion of the term Employment Period or any period of employment specified renewal for any reason by the Corporation other than without cause as provided in Article 1Section 6.2, the Employee shall be entitled to the compensation earned by the Employee him prior to the effective date of termination ,as provided for in this Agreement, computed pro rata up to and including that date. Except as otherwise provided in this Agreement, the Employee shall be entitled to no further compensation after as of the date of termination.

Appears in 1 contract

Samples: Employment Agreement (Rex Stores Corp)

Effect of Termination on Compensation. In the event of the termination of this Agreement prior to the completion of the term of employment specified in Article 1herein, the Employee shall be entitled to the compensation earned by the Employee him prior to the effective date of termination as provided for in this Agreement, Agreement computed pro pro-rata up to and including that date. Except as otherwise provided in this Agreement, ; the Employee shall be entitled to no further compensation after as of the date of terminationtermination except that Employee or Employee's estate shall receive twelve (12) months' salary when termination is caused by death, disability, or termination without proper notice as provided below.

Appears in 1 contract

Samples: Employment Agreement (Valley National Corp /De/)

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