Payments to Employee Upon Termination of Employment Sample Clauses

Payments to Employee Upon Termination of Employment a. Upon the termination of Employee’s employment with the Company pursuant to Section 7(a) or 7(f), Employee shall be entitled only to: i. Any Salary or portion thereof, earned but not yet paid through the date of termination; ii. Reimbursement in accordance with this Agreement of any business expense reasonably incurred by Employee through the date of termination but not yet paid; iii. Any vested benefits that may be due to Employee on the date of termination under the provisions of any of the Company’s benefits plan, program or policy; iv. Any overriding royalty interests conveyed to Employee or otherwise due Employee under the APORRI Plan prior to the effective date of such termination; and Upon the effective date of such termination, any rights of the Employee to future compensation under the Bonus Plan, including without limitation, any liquidation bonus, shall immediately terminate and the Employee shall not be entitled to any distribution under the Bonus Plan. b. If, prior to the end of the Term, Employee’s employment is terminated by the Company pursuant to Section 7(b), 7(c), 7(d), or 7(e), Employee shall be entitled only to: i. Any Salary or portion thereof, earned but not yet paid through the date of termination; ii. Reimbursement in accordance with this Agreement of any business expense reasonably incurred by Employee through the date of termination but not yet paid; iii. Any vested benefits that may be due to Employee on the date of termination under the provisions of any of the Company’s benefits plan, program or policy; iv. Any overriding royalty interests conveyed to Employee or otherwise due Employee under the APORRI Plan prior to the effective date of such termination; and v. Participation in the Bonus Plan as provided for therein based on the occurrence of death or disability.

Payments to Employee Upon Termination of Employment. A. Subject to the provisions of Sections 7(B) and 7(C) below, in the event Employee's employment with the Company shall terminate during the Term for any of the reasons set forth in Section 6, or thereafter pursuant to Section 2: [i] Employee's Salary shall be prorated and paid through the date of termination; and [ii] all unvested options to purchase common stock of the Company shall cease and terminate as of the date of termination. B. In the event of Employee's termination pursuant to Section 6(B) or 6(F) hereof, Employee shall be entitled to receive, at such time as it would otherwise be payable, any Incentive Cash Bonus which would have been payable, based upon the Company's performance over the full fiscal year, prorated for that portion of the fiscal year during which the Employee was employed by the Company. C. In the event of Employee's termination pursuant to Section 6(F), the Company agrees to continue to pay Employee's full Salary during such period of disability, said payments to continue for a maximum of six (6) months. Thereafter, Employee shall be paid disability benefits pursuant to the disability insurance, if any, established by the Company and in which Employee participates pursuant to Section 4(D) of this Agreement.

Payments to Employee Upon Termination of Employment. Upon termination of Employee’s employment during the term of this Agreement, Employee (or in the event of his death, his beneficiary, beneficiaries or legal representatives) shall be entitled to no further compensation hereunder other than (i) Employee’s Base Salary through the date of termination, (ii) any benefits accrued and vested under the terms of the Company’s employee benefit plans and programs and (iii) any other payments or benefits specifically provided by this Agreement.

Payments to Employee Upon Termination of Employment. The Boards of --------------------------------------------------- Directors of Employer and the Company may terminate Employee's employment under this Agreement at any time upon sixty (60) days prior written notice; but any -- termination other than Termination for Cause shall not prejudice Employee's right to compensation or other benefits under this Agreement. Employee may voluntarily terminate his employment under this Agreement upon sixty (60) days -- prior written notice. The rights and obligations of Employer and/or the Company and Employee in the event of such termination are set forth in this paragraph 6 as follows:

Payments to Employee Upon Termination of Employment a. Upon the termination of Employee’s employment with the Company pursuant to Section 7(a) or 7(d), Employee shall be entitled only to: i. Any Salary or portion thereof, earned but not yet paid through the date of termination; ii. Reimbursement in accordance with this Agreement of any business expense reasonably incurred by Employee through the date of termination but not yet paid; iii. Any vested benefits that may be due to Employee on the date of termination under the provisions of any of the Company’s benefits plan, program or policy; iv. The ORRI. b. If, prior to the end of the Term, Employee’s employment is terminated by the Company pursuant to Section 7(b) or 7(c), Employee shall be entitled only to: i. Any Salary or portion thereof, earned but not yet paid through the date of termination; ii. Reimbursement in accordance with this Agreement of any business expense reasonably incurred by Employee through the date of termination but not yet paid; iii. Any vested benefits that may be due to Employee on the date of termination under the provisions of any of the Company’s benefits plan, program or policy; iv. The ORRI.

Payments to Employee Upon Termination of Employment