Obligations of the Corporation Upon Termination. The following provisions describe the obligations of the Corporation to the Executive under this Agreement upon termination of his employment. However, except as explicitly provided in this Agreement, nothing in this Agreement shall limit or otherwise adversely affect any rights which the Executive may have under applicable law, under any other agreement with the Corporation or any of its subsidiaries, or under any compensation or benefit plan, program, policy or practice of the Corporation or any of its subsidiaries.
Obligations of the Corporation Upon Termination. The following provisions describe the obligations of the Corporation to the Executive under this Agreement upon termination of his employment.
Obligations of the Corporation Upon Termination. 3.1 The Corporation shall have the following obligations in the event that the Executive's employment is terminated:
Obligations of the Corporation Upon Termination. Upon termination of this Agreement the Corporation shall have the following obligations:
Obligations of the Corporation Upon Termination. Upon termination of the Executive's employment with the Corporation, the Corporation shall have the following obligations (including the obligation to pay the cost of all benefits provided by the applicable benefit plan to the Executive and the Executive's family under this Section 6 except normal employee contributions required by the applicable benefit plan of other participating executives with comparable responsibilities), provided, however, that any item paid or payable under this Agreement shall be reduced by any amount paid or payable to the Executive and the Executive's family with respect to the same type of payment under the Severance Plan. For this purpose, any payment under this Agreement or the Severance Plan made over time shall be discounted to present value at the Interest Rate before reducing any payment under this Agreement by any amount paid or payable to the Executive under the Severance Plan.
Obligations of the Corporation Upon Termination. (a) If, during the Employment Period, the Corporation shall terminate the Employee’s employment other than for Cause, death or disability or the Employee shall terminate employment for Good Reason, then the Corporation shall pay to the Employee each month for 12 months one-twelfth of the Employee’s annual salary, and the amounts set forth below:
Obligations of the Corporation Upon Termination. (a) Cause or Voluntary - If the Executive's employment shall be terminated for Cause or if the Executive terminates his employment for other than Good Reason (a"Voluntary Termination"), the Corporation's obligations to the Executive shall terminate, other than the obligation (i) to pay to the Executive his Base Salary through the Date of Termination at the rate in effect on the day preceding the Date of Termination, (ii) to pay (A) the pro rata portion through the Date of Termination of the Unconditional Semi-Annual Bonus pursuant to section 3(b) at the rate in effect on the day preceding the Date of Termination and (B) an amount which together with the pro rata portion of the Unconditional Semi-Annual Bonus paid to the Executive by the Corporation would equal an aggregate of $75,000, and (iii) to continue to provide the Executive with benefits of the type described in Section 4 through the Date of Termination. Executive acknowledges that the amount to be paid to the Executive by the Corporation pursuant to section 9(a)(ii) above shall be deemed consideration for the agreements of the Executive set forth in section 10 below; provided, however, that if the Executive challenges the enforceability of Section 10 below and it is found unenforceable by a court having jurisdiction over the matter, then the Executive shall remit to the Corporation the $75,000.
Obligations of the Corporation Upon Termination. A. Section 9(b) entitled "Without Cause or for Good Reason" shall be amended to include the following as subsection (iv) to be inserted immediately following subsection (iii) and to read in full as follows"
Obligations of the Corporation Upon Termination. 4.1 If the Employee’s employment is terminated by the Employer at any time within the Change in Control Protection Period, other than for Cause, or is terminated by the Employee for Good Reason at any time within the Change in Control Protection Period, then:
Obligations of the Corporation Upon Termination. The following provisions describe the obligations of the Corporation to the Executive under this Agreement upon termination of his employment. However, except as explicitly provided in this Agreement, nothing in this Agreement shall limit or otherwise adversely affect any rights which the Executive may have under applicable law, under any other agreement with the Corporation or any of its subsidiaries, or under any compensation or benefit plan, program, policy or practice of the Corporation or any of its subsidiaries. Although the Executive is a participant in the Household International Severance Pay Plan, the Executive will not be eligible for benefits from such plan in the event that there is a Qualifying Termination since the severance under this Agreement will then become payable.
