Payment of Salary Upon Termination Sample Clauses

Payment of Salary Upon Termination. (a) Xxxxxxxx shall be entitled to ---------------------------------- separation pay in the event of termination of his employment only in accordance with the Company's Senior Staff Level Employee Separation Policy as in effect at the time of such termination.
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Payment of Salary Upon Termination. In the event of termination of Employee's employment pursuant to Section 3.1 or 3.2 above (other than pursuant to Section 3.1(b) or (c) above), Employee's benefits set forth in Sections 2.2 through 2.5, inclusive, and his base annual salary shall be continued for a period of twenty-four (24) months at the rate in effect at the time of such termination, with such payment in no event to continue past the term of this Agreement (collectively, “Severance”), which Severance shall be payable in full within thirty (30) days after the effective date of such termination to an escrow agent mutually satisfactory to the Company and Employee under irrevocable written instructions to make payments of the Severance to Employee at the time and in the manner that such payments would have been made to Employee if such termination had not taken place. In the event of termination pursuant to Section 3.1(b) or (c), all salary and benefits (other than vested benefits under any pension, profit sharing or other deferred compensation plan) shall cease at the time of termination. In the event of termination other than pursuant to Section 3.1(b) or (c), Employee shall be entitled to a prorated portion of any cash or stock bonus pursuant to which he would otherwise have been entitled for the year of his termination had he been employed for the entire fiscal year, based on the portion of the fiscal year for which Employee was so employed and determined as of the end of the fiscal year of such termination.
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Payment of Salary Upon Termination. In the event of termination of Employee's employment pursuant to Section 3.1 above (other than pursuant to Section 3.1(b) or (c) above), Employee's benefits set forth in Sections 2.2 through 2.5, inclusive, and his base annual salary shall be continued for a period of twelve (12) months at the rate in effect at the time of such termination, with such payment in no event to continue past the term of this Agreement (collectively, “Severance”). In the event of termination pursuant to Section 3.1(b) or (c), all salary and benefits (other than vested benefits under any pension, profit sharing or other deferred compensation plan) shall cease at the time of termination. In the event of termination other than pursuant to Section 3.1(b) or (c), Employee shall be entitled to a prorated portion of any cash or stock bonus pursuant to which he would otherwise have been entitled for the year of his termination had he been employed for the entire year, based on the portion of the year for which Employee was so employed and determined as of the end of the year of such termination.
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Related to Payment of Salary Upon Termination

  • Payment Upon Termination Termination of this Agreement shall not affect the right of the Adviser to receive payment on any unpaid balance of the compensation described in Section 2 earned prior to such termination.

  • Payments Upon Termination (a) In the event the Employee’s employment is terminated pursuant to Section 4.1, Section 4.2, Section 4.4 or Section 4.6, the Company shall pay to the Employee the compensation and benefits otherwise payable to him or her under Sections 3.1 and 3.4 through the last day of his or her actual employment by the Company.

  • Compensation Upon Termination Upon termination of Executive’s employment during the Employment Term, Executive shall be entitled to the following benefits:

  • Benefits Upon Termination If the Executive’s employment by the Company is terminated during the Period of Employment for any reason by the Company or by the Executive, or upon or following the expiration of the Period of Employment (in any case, the date that the Executive’s employment by the Company terminates is referred to as the “Severance Date”), the Company shall have no further obligation to make or provide to the Executive, and the Executive shall have no further right to receive or obtain from the Company, any payments or benefits except as follows:

  • PAYMENTS AND BENEFITS UPON TERMINATION (a) If within eighteen (18) months after a Change in Control, the Company terminates Employee's employment other than by reason of Employee's death, Disability, Retirement or for Cause, or if Employee terminates Employee's employment for Good Reason, then the Employee shall be entitled to the following payments and benefits:

  • Payments Upon Termination of Employment (a) If Executive’s employment with the Company is terminated by reason of:

  • Compensation and Benefits Upon Termination (a) If Executive’s employment is terminated by reason of death or Disability, the Company shall pay Executive’s Base Salary, at the rate then in effect, in accordance with the payroll policies of the Company, through the date of such termination (in the event of Executive’s death, the payments will be made to Executive’s beneficiaries or legal representatives) and Executive shall not be entitled to any further Base Salary or any applicable bonus, benefits or other compensation for that year or any future year, except as may be provided in Sections 5(d) or (e) below or an applicable benefit plan or program, or to any severance compensation of any kind, nature or amount.

  • Certain Benefits Upon Termination Executive’s employment shall be terminated upon the earlier of (i) the voluntary resignation of Executive with or without Good Reason; (ii) Executive’s death or permanent disability; or (iii) upon the termination of Executive’s employment by LTC for any reason at any time. In the event of such termination, the below provisions of this Section 6 shall apply, and in the event of a Change in Control, whether or not Executive’s employment is terminated thereby, Section 6(b) shall apply.

  • Procedure Upon Termination In the event of termination by Buyer or Seller, as applicable, pursuant to Section 6.1 hereof, written notice thereof shall forthwith be given to the other party and the transactions contemplated by this Agreement shall be terminated without further action by Buyer or Seller. If the transactions contemplated by this Agreement are so terminated:

  • Severance Compensation upon Termination Subject to the provisions of Section 10 hereof, in the event of the Employee’s Termination upon a Change of Control, the Company shall pay to the Employee, within fifteen (15) days after the Termination Date (or as soon as possible thereafter in the event that the procedures set forth in paragraph (b) of Section 11 hereof cannot be completed within fifteen (15) days) an amount in cash equal to three (3) times the sum of the Employee’s Base Salary in effect either immediately prior to the Separation from Service or immediately prior to the Change of Control, whichever is higher.

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