Common use of Termination Compensation Clause in Contracts

Termination Compensation. If Employee's employment hereunder is terminated pursuant to Sections 7(a), 7(b) or 7(e) of this Agreement, the Company shall pay the Employee his full base salary through the Termination Date, plus, within five (5) business days of the Termination Date, any bonuses, incentive compensation, or other payments due which pursuant to the terms of any compensation or benefit plan have been earned or vested at of the Termination Date. If Employee's employment is terminated by the Company under Section 7(c) without cause, or if there is a change in control of the Company as defined in Section 7(d), all unexercised options granted to Employee under the Company's Incentive Stock Plan or Amended Incentive Stock Plan shall accelerate and shall immediately vest. If Employee's employment is terminated pursuant to Sections 7(c) or 7(d) of this Agreement, the Company shall pay the Employee the following:

Appears in 3 contracts

Samples: Employment Agreement (America Service Group Inc /De), Employment Agreement (America Service Group Inc /De), Employment Agreement (America Service Group Inc /De)

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Termination Compensation. If Employee's employment hereunder is terminated pursuant to Sections 7(a), 7(b) or 7(e) of this Agreement, the Company shall pay the Employee his full base salary through the Termination Datetermination date, plus, within five (5) business days of the Termination Datetermination date, any bonuses, incentive compensation, or other payments due which pursuant to the terms of any compensation or benefit plan have been earned or vested at as of the Termination Datetermination date. If Employee's employment is terminated by the Company under Section 7(c) without cause, or if there is a change in control of the Company as defined in Section 7(d), all unexercised options granted to Employee under the Company's Incentive Stock Plan or Amended Incentive Stock Plan shall accelerate and shall immediately vest. If Employee's employment is terminated pursuant to Sections 7(b), 7(c) or 7(d) of this Agreement, the Company shall pay the Employee the following:

Appears in 3 contracts

Samples: Employment Agreement (America Service Group Inc /De), Employment Agreement (America Service Group Inc /De), Employment Agreement (America Service Group Inc /De)

Termination Compensation. If Employee's ’s employment hereunder is terminated pursuant to Sections 7(a7(b), 7(b7(c) or 7(e) of this Agreement, the Company shall pay the Employee his full base salary through the Termination Date, plus, within five (5) business days of the Termination Date, any bonuses, incentive compensation, or other payments due which pursuant to the terms of any compensation or benefit plan have been earned or vested at as of the Termination Date. If Employee's ’s employment is terminated by the Company under Section 7(c7(a) without cause, or if there is a change “Change in control of the Company Control” as defined in Section 7(d), all unexercised options granted to Employee under the Company's ’s Incentive Stock Plan or Amended Incentive Stock Plan shall accelerate and shall immediately vest. If Employee's ’s employment is terminated pursuant to Sections 7(a), 7(c) or 7(d) of this Agreement, the Company shall pay the Employee the following:

Appears in 3 contracts

Samples: Employment Agreement (America Service Group Inc /De), Employment Agreement (America Service Group Inc /De), Employment Agreement (America Service Group Inc /De)

Termination Compensation. If Employee's employment hereunder is terminated pursuant to Sections 7(a), 7(b) or 7(e) of this Agreement, the Company shall pay the Employee his full base salary through the Termination Datetermination date, plus, within five (5) business days of the Termination Datetermination date, any bonuses, incentive compensation, or other payments due which pursuant to the terms of any compensation or benefit plan have been earned or vested at as of the Termination Datetermination date. If Employee's employment is terminated by the Company under Section 7(c) without cause, or if there is a change in control of the Company as defined in Section 7(d), all unexercised options granted to Employee under the Company's Incentive Stock Plan or Amended Incentive Stock Plan shall accelerate and shall immediately vest. If Employee's employment is terminated pursuant to Sections 7(b), 7(c) or 7(d) of this Agreement, the Company shall pay the Employee the following:

Appears in 2 contracts

Samples: Employment Agreement (America Service Group Inc /De), Employment Agreement (America Service Group Inc /De)

Termination Compensation. If Employee's employment hereunder is terminated pursuant to Sections 7(a), 7(b) or 7(e) of this Agreement, the Company shall pay the Employee his full base salary through the Termination Datetermination date, plus, within five (5) business days of the Termination Datetermination date, any bonuses, incentive compensation, or other payments due which pursuant to the terms of any compensation or benefit plan have been earned or vested at of the Termination Datetermination sate. If Employee's employment is terminated by the Company under Section 7(c) without cause, or if there is a change in control of the Company as defined in Section 7(d), all unexercised options granted to Employee under the Company's Incentive Stock Plan or Amended Incentive Stock Plan shall accelerate and shall immediately vest. If Employee's employment is terminated pursuant to Sections 7(c) or 7(d) of this Agreement, the Company shall pay the Employee the following:

Appears in 1 contract

Samples: Employment Agreement (America Service Group Inc /De)

Termination Compensation. If Employee's employment hereunder is terminated pursuant to Sections Section 7(a), 7(b) or 7(e) of this Agreement, the Company shall pay the Employee his full base salary through the Termination Date, plus, plus within five (5) business days of the Termination Datetermination date, any bonuses, incentive compensation, or other payments due which pursuant to the terms of any compensation or benefit plan have been earned or vested at as of the Termination Datetermination date, including those described in (ii) below. If Employee's employment is terminated by the Company under Section 7(c) without cause, or if there is a change in control of the Company as defined in Section 7(d), all unexercised options granted to Employee under the Company's Incentive Stock Plan or Amended Incentive Stock Plan shall accelerate and shall immediately vest. If Employee's employment is terminated pursuant to Sections 7(b), 7(c) or 7(d) of this Agreement, the Company shall pay the Employee the following:

Appears in 1 contract

Samples: Employment Agreement (America Service Group Inc /De)

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Termination Compensation. If Employee's employment hereunder is terminated pursuant to Sections 7(a), 7(b) or 7(e) of this Agreement, the Company shall pay the Employee his full base salary through the Termination Date, plus, within five (5) business days of the Termination Date, any bonuses, incentive compensation, or other payments due which pursuant to the terms of any compensation or benefit plan have been earned or vested at of the Termination Date. If Employee's employment is terminated by the Company under Section 7(c) without cause, or if there is a change in control of the Company as defined in Section 7(d), all unexercised options granted to Employee under the Company's Incentive Stock Plan or Amended Incentive Stock Plan shall accelerate and shall immediately vest. If Employee's employment is terminated pursuant to Sections Section 7(b), 7(c) or 7(d) of this Agreement, the Company shall pay the Employee the following:

Appears in 1 contract

Samples: Employment Agreement (America Service Group Inc /De)

Termination Compensation. If Employee's employment hereunder ------------------------ is terminated pursuant to Sections 7(a), 7(b) or 7(e) of this Agreement, the Company shall pay the Employee his full base salary through the Termination Date, plus, within five (5) business days of the Termination Date, any bonuses, incentive compensation, or other payments due which pursuant to the terms of any compensation or benefit plan have been earned or vested at as of the Termination Date, including those described in (ii) below. If Employee's employment is terminated by the Company under Section 7(c) without cause, or if there is a change in control of the Company as defined in Section 7(d), all unexercised options granted to Employee under the Company's Incentive Stock Plan or Amended Incentive Stock Plan shall accelerate and shall immediately vest. If Employee's employment is terminated pursuant to Sections 7(b), 7(c) or 7(d) of this Agreement, the Company shall pay the Employee the following:

Appears in 1 contract

Samples: Employment Agreement (America Service Group Inc /De)

Termination Compensation. If Employee's employment hereunder is terminated pursuant to Sections 7(a), 7(b) or 7(e) of this Agreement, the Company shall pay the Employee his full base salary through the Termination Date, plus, within five (5) business days of the Termination Date, any bonuses, incentive compensation, or other payments due which pursuant to the terms of any compensation or benefit plan have been earned or vested at of the Termination Date. If Employee's employment is terminated by the Company under Section 7(c) without cause, or if there is a change "Change in control of the Company Control" as defined in Section 7(d), all unexercised options granted to Employee under the Company's Incentive Stock Plan or Amended Incentive Stock Plan shall accelerate and shall immediately vest. If Employee's employment is terminated pursuant to Sections 7(c) or 7(d) of this Agreement, the Company shall pay the Employee the following:

Appears in 1 contract

Samples: Employment Agreement (America Service Group Inc /De)

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