Common use of Payment Through Termination Clause in Contracts

Payment Through Termination. Upon termination of this Agreement for any reason provided above, Executive (or Executive's estate, as applicable) shall be entitled to receive all compensation earned and all benefits and reimbursements (including payments for accrued vacation and sick leave) due through the effective date of termination. Additional compensation subsequent to termination, if any, shall be due and payable to Executive only to the extent, and in the manner, expressly provided above. All other rights and obligations under this Agreement shall cease as of the effective date of termination, except that Executive's obligations under Sections 3, 5, 6, 7 and 9 shall survive such termination in accordance with their terms.

Appears in 3 contracts

Samples: Employment Agreement (Courtside Acquisition Corp), Employment Agreement (Courtside Acquisition Corp), Employment Agreement (Courtside Acquisition Corp)

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Payment Through Termination. Upon termination of this Agreement for any reason provided above, Executive (or Executive's ’s estate, as applicable) shall be entitled to receive all compensation earned and all benefits and reimbursements (including payments for accrued vacation and sick leave) due through the effective date of termination. Additional compensation subsequent to termination, if any, shall be due and payable to Executive only to the extent, and in the manner, expressly provided above. All other rights and obligations under this Agreement shall cease as of the effective date of termination, except that Executive's ’s obligations under Sections 3, 5, 6, 7 and 9 shall survive such termination in accordance with their terms.

Appears in 1 contract

Samples: Employment Agreement (Equity Media Holdings CORP)

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