Common use of Termination of Employment Relationship Clause in Contracts

Termination of Employment Relationship. Apache and Employee have agreed that Employee’s employment relationship with Apache will terminate on August 31, 2014 (the “Termination Date”). Apache and Employee both agree that Employee will “separate from service” (for purposes of section 409A of the Internal Revenue Code of 1986, as amended (the “Code”)) on August 31, 2014.

Appears in 1 contract

Samples: 2014 Employee Release and Settlement Agreement (Apache Corp)

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Termination of Employment Relationship. Apache and Employee have agreed that Employee’s employment relationship with Apache will terminate on August March 31, 2014 (the “Termination Date”)): Termination Pay: Apache will pay Employee the following as soon as reasonably practical following the Termination Date: • Employee’s regular monthly salary and his 2013 bonus of $990,000, through the Termination Date. Apache Such amounts shall be subject to all lawful deductions and Employee both agree that Employee will “separate from service” (withholding for purposes of section 409A of the Internal Revenue taxes and any delay in payment required by Tax Code of 1986, as amended (the “Code”)) on August 31, 2014.409A.

Appears in 1 contract

Samples: 2014 Employee Release and Settlement Agreement (Apache Corp)

Termination of Employment Relationship. Apache and Employee have agreed that Employee’s employment relationship with Apache will terminate on August 31June 30, 2014 2015 (the “Termination Date”). Apache and Employee both agree that Employee will “separate from service” (for purposes of section 409A of the Internal Revenue Code of 1986, as amended (the “Code”)) on August 31June 30, 20142015.

Appears in 1 contract

Samples: Employee Release and Settlement Agreement (Apache Corp)

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Termination of Employment Relationship. Apache and Employee have agreed that Employee’s employment relationship with Apache will terminate on August 31November 30, 2014 2015 (the “Termination Date”). Apache and Employee both agree that Employee will “separate from service” (for purposes of section 409A of the Internal Revenue Code of 1986, as amended (the “Code”)) on August 31November 30, 20142015.

Appears in 1 contract

Samples: 2016 Employee Release and Settlement Agreement (Apache Corp)

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