Salary; Benefits; Bonuses. Upon termination for Cause, the Company shall (i) continue the Base Salary through the Date of Termination, (ii) pay all fringe benefits through the end of the calendar month in which termination occurs, and (iii) pay any annual bonuses pursuant to Section 3.2 treating the effective Date of Termination as being the last day of the fiscal year in which termination under this Section 4 occurs.
Appears in 6 contracts
Samples: Employment Agreement (Allied Motion Technologies Inc), Employment Agreement (Allied Motion Technologies Inc), Employment Agreement (Allied Motion Technologies Inc)
Salary; Benefits; Bonuses. Upon termination for Cause, the Company shall (i) continue the Base Salary through the Date of Termination, (ii) pay all fringe benefits through the end of the calendar month in which termination occurs, and (iiiHi) pay any annual bonuses pursuant to Section 3.2 treating the effective Date of Termination as being the last day of the fiscal year in which termination under this Section 4 occurs.
Appears in 1 contract
Samples: Employment Agreement (Allied Motion Technologies Inc)
Salary; Benefits; Bonuses. Upon termination for Cause, the Company shall (i) continue the Base Salary through the Date of Termination, (ii) pay all fringe benefits through the end of the calendar month in which termination occurs, and (iii) pay any annual bonuses an Annual Bonus pursuant to Section 3.2 and Long-Term Incentive Payout pursuant to Section 3.4 treating the effective Date of Termination as being the last day of the fiscal year in which termination under this Section 4 occurs, and (iv) pay the separate bonus pursuant to Section 3.3 as earned prior to the effective Date of Termination.
Appears in 1 contract
Samples: Employment Agreement (Hathaway Corp)