Common use of Payments Upon Certain Terminations Clause in Contracts

Payments Upon Certain Terminations. (i) In the event of a termination of Executive's employment by the Company Without Cause or a termination by Executive of his employment for Good Reason during the Employment Period, the Company shall pay to Executive (or, following his death, to Executive's estate) within 30 days of the Date of Termination his (x) full Base Salary through the Date of Termination, (y) reimbursement for any unreimbursed business expenses incurred by Executive prior to the Date of Termination that are subject to reimbursement pursuant to Section 6(b) and (z) payment for vacation time accrued as of the Date of Termination but unused (such amounts under clauses (x), (y) and (z), collectively the "Accrued Obligations"). In addition, in the event of any such termination of Executive's employment, provided Executive executes and delivers to the Company a Release and Discharge of Claims in a form acceptable to the Company, Executive (or, following his death, Executive's estate) shall be entitled to the following payments and benefits, as liquidated damages:

Appears in 10 contracts

Samples: Employment Agreement (Instinet Group Inc), Employment Agreement (Instinet Group Inc), Employment Agreement (Instinet Group Inc)

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Payments Upon Certain Terminations. (i) In the event of a termination of Executive's ’s employment by the Company Without Cause or a termination by Executive of his Executive’s resignation from employment for Good Reason during the Employment Period, the Company shall pay to Executive Executive, within thirty (or, following his death, to Executive's estate30) within 30 days of the Date of Termination Termination, his (x) full Base Salary through the Date of Termination, to the extent not previously paid, (y) reimbursement for any unreimbursed business expenses incurred by Executive prior to the Date of Termination that are subject to reimbursement pursuant to Section 6(b8(a) and (z) payment for vacation time accrued as of the Date of Termination but unused (such amounts under clauses (x), (y) and (z), collectively the "Accrued Obligations"). In addition, in the event of any such termination of Executive's ’s employment, provided if Executive executes and delivers to the Company a Separation Agreement and General Release and Discharge of Claims substantially in a the form acceptable to approved by the Company, Executive (or, following his death, Executive's estate) shall be entitled to the following payments and benefits, as liquidated damages:

Appears in 5 contracts

Samples: Employment Agreement (Burger King Holdings Inc), Employment Agreement (Burger King Holdings Inc), Employment Agreement (Burger King Holdings Inc)

Payments Upon Certain Terminations. (i) In the event of a termination of Executive's ’s employment by the Company Without Cause or a termination by Executive of his Executive’s resignation from employment for Good Reason during the Employment Period, the Company shall pay to Executive Executive, within thirty (or, following his death, to Executive's estate30) within 30 days of the Date of Termination Termination, his (x) full Base Salary through the Date of Termination, to the extent not previously paid, (y) reimbursement for any unreimbursed business expenses incurred by Executive prior to the Date of Termination that are subject to reimbursement pursuant to Section 6(b7(a) and (z) payment for vacation time accrued as of the Date of Termination but unused (such amounts under clauses (x), (y) and (z), collectively the "Accrued Obligations"). In addition, in the event of any such termination of Executive's ’s employment, provided if Executive executes and delivers to the Company a Separation Agreement and General Release and Discharge of Claims substantially in a the form acceptable to approved by the Company, Executive (or, following his death, Executive's estate) shall be entitled to the following payments and benefits, as liquidated damages:

Appears in 1 contract

Samples: Employment Agreement (Burger King Holdings Inc)

Payments Upon Certain Terminations. (i) In the event of a termination of Executive's employment by the Company Without Cause or a termination by Executive of his employment for Good Reason during the Employment Period, the Company shall pay to Executive (or, following his death, to Executive's estate) within 30 days of the Date of Termination his (x) full Base Salary through the Date of Termination, (y) reimbursement for any unreimbursed business expenses incurred by Executive prior to the Date of Termination that are subject to reimbursement pursuant to Section 6(b) and (z) payment for vacation time accrued as of the Date of Termination but unused (such amounts under clauses (x), (y) and (z), collectively the "Accrued Obligations"). In addition, in the event of any such termination of Executive's employment, ; provided Executive executes and delivers to the Company a Release and Discharge of Claims substantially in a the form acceptable previously provided to Executive in connection with the Companyexecution of this Agreement, Executive (or, following his death, Executive's estate) shall be entitled to the following payments and benefits, as liquidated damages:

Appears in 1 contract

Samples: Employment Agreement (Instinet Group Inc)

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Payments Upon Certain Terminations. (i) In the event of a termination of Executive's ’s employment by the Company Without Cause or a termination by Executive of his Executive’s resignation from employment for Good Reason during the Employment Period, the Company shall pay to Executive Executive, within thirty (or, following his death, to Executive's estate30) within 30 days of the Date of Termination Termination, his (x) full Base Salary through the Date of Termination, to the extent not previously paid, (y) reimbursement for any unreimbursed business expenses incurred by Executive prior to the Date of Termination that are subject to reimbursement pursuant to Section 6(b7(a) and (z) payment for vacation time accrued as of the Date of Termination but unused (such amounts under clauses (x), (y) and (z), collectively the "Accrued Obligations"). In addition, in the event of any such termination of Executive's ’s employment, provided if Executive executes and delivers to the Company a Separation Agreement and Release and Discharge of Claims substantially in a the form acceptable to approved by the Company, Executive (or, following his death, Executive's estate) shall be entitled to the following payments and benefits, as liquidated damages:

Appears in 1 contract

Samples: Employment Agreement (Burger King Holdings Inc)

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