Common use of Duties on Termination Clause in Contracts

Duties on Termination. Subject to the terms and conditions of this Agreement, during the period beginning on the date of delivery of a notice of resignation by the Executive or notice of termination of the Executive’s employment by the Company, and ending on the Date of Termination, the Executive shall continue to perform his duties as set forth in this Agreement, and during such period shall also perform such reasonable services for the Company as are necessary and appropriate for a smooth transition to the Executive’s successor, if any. Notwithstanding the foregoing provisions of this paragraph 5, the Company may suspend the Executive from performing his duties under this Agreement following the delivery of any such notice of resignation or termination; provided, however, that during the period of suspension (which shall end on the Date of Termination), the Executive shall continue to be treated as employed by the Company for other purposes, and his rights to compensation or benefits shall not be reduced by reason of the suspension.

Appears in 5 contracts

Samples: 2004 Incentive Plan (Strategic Hotels & Resorts, Inc), Employment Agreement (Strategic Hotels & Resorts, Inc), Employment Agreement (Republic Property Trust)

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Duties on Termination. Subject to the terms and conditions of this Agreement, during the period beginning on the date of delivery of a notice of resignation by the Executive or notice of termination of the Executive’s 's employment by the Company, and ending on the Date of Termination, the Executive shall continue to perform his duties as set forth in this Agreement, and during such period shall also perform such reasonable services for the Company as are necessary and appropriate for a smooth transition to the Executive’s 's successor, if any. Notwithstanding the foregoing provisions of this paragraph 5, the Company may suspend the Executive from performing his duties under this Agreement following the delivery of any such notice of resignation or termination; provided, however, that during the period of suspension (which shall end on the Date of Termination), the Executive shall continue to be treated as employed by the Company for other purposes, and his rights to compensation or benefits shall not be reduced by reason of the suspension.

Appears in 1 contract

Samples: Employment Agreement (Strategic Hotel Capital Inc)

Duties on Termination. Subject to the terms and conditions of this Agreement, during the period beginning on the date of delivery of a notice Notice of resignation by the Executive or notice of termination of the Executive’s employment by the CompanyTermination, and ending on the Date of Termination, the Executive shall continue to to, perform his duties as set forth in this Agreement, and during such period shall also perform such reasonable services for the Company as are necessary and appropriate for a smooth transition to the Executive’s 's successor, if any. Notwithstanding the foregoing provisions of this paragraph 5, the Company may suspend the Executive from performing his duties under this Agreement following the delivery of a Notice of Termination providing for the Executive's resignation, or delivery by the Company of a Notice of Termination providing for the Executive's termination of employment for any such notice of resignation or terminationreason; provided, however, that during the period of suspension (which shall end on the Date of Termination), the Executive shall continue to be treated as employed by the Company for other purposes, and his rights to compensation or benefits shall not be reduced by reason of the suspension.

Appears in 1 contract

Samples: Employment Agreement (Ameritrade Holding Corp)

Duties on Termination. Subject to the terms and conditions provisions of this Agreement, during the period beginning on the date of delivery of a notice of resignation by the Executive or notice of termination of the Executive’s employment by the Companytermination, and ending on the Date of Termination, the Executive shall continue to perform his duties as set forth in this Agreement, and during such period shall also perform such reasonable services for the Company as are necessary and appropriate for a smooth transition to the Executive’s 's successor, if any. Notwithstanding the foregoing provisions of this paragraph 5, the Company may suspend the Executive from performing his duties under this Agreement following the delivery of any such a notice of resignation termination providing for the Executive's resignation, or terminationdelivery by the Company of a notice of termination providing for the Executive's termination of employment for any reason; provided, however, that during the period of suspension (which shall end on the Date of Termination), the Executive shall continue to be treated as employed by the Company for other purposes, and his rights to compensation or benefits shall not be reduced by reason of the suspension.

Appears in 1 contract

Samples: Employment Agreement (Lasalle Re Holdings LTD)

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Duties on Termination. Subject to the terms and conditions of this Agreement, during the period beginning on the date of delivery of a notice Notice of resignation by the Executive or notice of termination of the Executive’s employment by the CompanyTermination, and ending on the Date of Termination, the Executive shall continue to perform his her duties as set forth in this Agreement, and during such period shall also perform such reasonable services for the Company as are necessary and appropriate for a smooth transition to the Executive’s successor, if any. Notwithstanding the foregoing provisions of this paragraph Paragraph 5, the Company may suspend the Executive from performing his her duties under this Agreement following the delivery of a Notice of Termination providing for the Executive’s resignation, or delivery by the Company of a Notice of Termination providing for the Executive’s termination of employment for any such notice of resignation or terminationreason; provided, however, that during the period of suspension (which shall end on the Date of Termination), the Executive shall continue to be treated as employed by the Company for other purposes, and his her rights to compensation or benefits shall not be reduced by reason of the suspension.

Appears in 1 contract

Samples: Employment Agreement (Emtec Inc/Nj)

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