Effect of Termination - Payments. Upon termination of this Agreement, all accrued fees shall become immediately due and payable, and the obligation to make Minimum Revenue payments shall cease as of the effective date of termination. Payment by AXP of the Sixteen Quarterly Payments, as defined on Exhibit C, shall continue in accordance with the Schedule therefor set forth on Exhibit C.
Effect of Termination - Payments. Employee agrees and acknowledges that upon Employee's termination of employment with the Company pursuant to Section 6 of this Agreement, Employee shall only be entitled to the severance payments and benefits (including stock option vesting), if any, specified in Section 6 or in the applicable stock option agreements and such severance payments and benefits shall be in lieu of all other severance payments and benefits which might otherwise be payable to Employee by the Company.
Effect of Termination - Payments. The payments and benefits (if any) required to be provided to the Executive under this Section 10 shall be in complete satisfaction of any claims that the Executive may have as a result of termination of the Executive's employment; provided, however the termination of this Agreement pursuant to Section 8 shall not terminate or limit the right of the Executive (or his beneficiaries) to receive amounts of Base Salary, unreimbursed expenses, additional compensation or benefits, if any, accrued but unpaid or vested as of the Date of Termination, including the Retirement Payment.
Effect of Termination - Payments. Upon termination, Axius shall pay contractor for all hours actually performed by Subvendor up to and including the date of termination for which the Client has signed a timecard and for which Subvendor has submitted an invoice and for which Client has paid Axius. Under no circumstances shall Axius be liable to the contractor for incidental, special, or consequential damages arising from the termination of this Agreement prior to the end of the Work Order. 4 Initial and Date __ v.2;10.10.2006
Effect of Termination - Payments. (i) In the event that Executive's employment hereunder terminates for any reason, the Company shall pay to Executive (or to his beneficiary in the event of his death) all accrued but unpaid Salary, and all unreimbursed expenses, through the date of termination.
Effect of Termination - Payments. Executive agrees and acknowledges that upon Executive’s termination of employment with the Company pursuant to Section 5 of this Agreement, Executive shall only be entitled to the severance payments and benefits, if any, specified in Section 5 and such severance payments and benefits shall be in lieu of all other severance payments and benefits which might otherwise be payable to Executive by the Company. Executive’s entitlement to the severance payments and benefits described in Section 5.1(a) or 5.1(c) shall be contingent on his execution of a separation agreement and release, substantially in material terms to that attached hereto as Exhibit B.
