Common use of Expiration of the Employment Term Clause in Contracts

Expiration of the Employment Term. Upon expiration of the Employment Term, unless Executive’s employment is earlier terminated pursuant to the above, Executive’s termination of employment hereunder (whether or not Executive continues as an employee of the Company thereafter) shall be deemed to occur on the close of business on the last day of the Employment Term and Executive shall be entitled to receive the Accrued Rights. Following such termination of Executive’s employment hereunder as a result of the expiration of the Employment Term, except as set forth above, Executive shall have no further rights to any compensation or any other benefits under this Agreement.

Appears in 6 contracts

Samples: Employment Agreement (American Media Operations Inc), Employment Agreement (American Media Operations Inc), Employment Agreement (American Media Operations Inc)

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Expiration of the Employment Term. Upon expiration of the Employment Term, unless Executive’s employment is earlier terminated pursuant to the above, Executive’s termination of employment hereunder (whether or not Executive continues as an employee of the Company thereafter) shall be deemed to occur on the close of business on the last day of the Employment Term and Executive shall be entitled to receive the Accrued Rights. Following such termination of Executive’s employment hereunder as a result of the expiration of the Employment Term, except as expressly set forth above, Executive shall have no further rights to any compensation or any other benefits under this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (American Media Inc), Employment Agreement (Ami Celebrity Publications, LLC)

Expiration of the Employment Term. Upon expiration of the Employment TermTern, unless Executive’s employment is earlier terminated pursuant to the above, Executive’s termination of employment hereunder (whether or not Executive continues as an employee of the Company thereafter) shall be deemed to occur on the close of business on the last day of the Employment Term and Executive shall be entitled to receive the Accrued Rights. Following such any termination of Executive’s employment hereunder as a result of the expiration of the Employment Term, except as expressly set forth abovein this paragraph, Executive shall have no further rights to any compensation or any other benefits under this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Ami Celebrity Publications, LLC), Employment Agreement (Ami Celebrity Publications, LLC)

Expiration of the Employment Term. Upon expiration of the Employment TermTern, unless Executive’s employment is earlier terminated pursuant to the above, Executive’s termination of employment hereunder (whether or not Executive continues as an employee of the Company thereafter) shall be deemed to occur on the close of business on the last day of the Employment Term and Executive shall be entitled to receive the Accrued Rights. Following such any termination of Executive’s employment hereunder as a result of the expiration of the Employment Term, except as expressly set forth abovein the preceding paragraph, Executive shall have no further rights to any compensation or any other benefits under this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Ami Celebrity Publications, LLC)

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Expiration of the Employment Term. Upon expiration of the Employment TermTern, unless Executive’s employment is earlier terminated pursuant to the above, Executive’s termination of employment hereunder (whether or not Executive continues as an employee of the Company thereafter) shall be deemed to occur on the close of business on the last day of the Employment Term and Executive shall be entitled to receive the Accrued Rights. Following such termination of Executive’s employment hereunder as a result of the expiration of the Employment Term, except as expressly set forth above, Executive shall have no further rights to any compensation or any other benefits under this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Ami Celebrity Publications, LLC)

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