Common use of Post-Termination Payments Clause in Contracts

Post-Termination Payments. Upon termination pursuant to Sections 7, 8 and 9 of this Agreement, the Corporation will pay Employee or his estate any base salary earned and unpaid to the date of termination, and any outstanding funds advanced by the Corporation to or on behalf of Employee will become immediately due and payable. In the event that any funds are due from Employee to the Corporation, the Corporation will, upon termination of Employee's employment, have a right to reduce any payment due to Employee by the sums owed to the Corporation. In addition, if termination is pursuant to Sections 8 or 9 of this Agreement, then within ninety (90) days after the end of the Corporation's fiscal year during which Employee's death or commencement of disability occurred, the Corporation will pay Employee or his estate a portion of the annual incentive compensation, if any has been earned, as prorated by the Corporation's Board of Directors, which proration will be final and conclusive.

Post-Termination Payments. Upon termination pursuant to Sections 7, 8 and 9 of this Agreement, the Corporation will shall pay Employee or his estate any base salary earned and unpaid to the date of termination, and any outstanding funds advanced by the Corporation to or on behalf of Employee will shall become immediately due and payable. In the event that any funds are due from Employee to the Corporation, the Corporation willshall, upon termination of Employee's employment, have a right to reduce any payment due to Employee by the sums owed to the Corporation. In addition, if termination is pursuant to Sections 8 or 9 of this Agreement, then within ninety (90) days after the end of the Corporation's fiscal year during which Employee's death or commencement of disability occurred, the Corporation will shall pay Employee or his estate a portion of the annual incentive compensation, if any has been earned, as prorated by the Corporation's Board of DirectorsPresident, which proration will shall be final and conclusive.

Post-Termination Payments. Upon termination pursuant to Sections 7, 8 and 9 of this Agreement, the Corporation will pay Employee or his her estate any base salary earned and unpaid to the date of termination, and any outstanding funds advanced by the Corporation to or on behalf of Employee will become immediately due and payable. In the event that any funds are due from Employee to the Corporation, the Corporation will, upon termination of Employee's employment, have a right to reduce any payment due to Employee by the sums owed to the Corporation. In addition, if termination is pursuant to Sections 8 or 9 of this Agreement, then within ninety (90) days after the end of the Corporation's fiscal year during which Employee's death or commencement of disability occurred, the Corporation will pay Employee or his estate a portion of the annual incentive compensation, if any has been earned, as prorated by the Corporation's Board of Directors, which proration will be final and conclusive.