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 Termination, and ending on the Date of Termination, the Executive shall continue to perform his duties as set forth in this Agreement, and shall also perform such 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 6, the Company may suspend the Executive from performing his duties under this Agreement (including, without limitation, his duties as a member of the Board or the board of directors of any Subsidiary) 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 reason; provided, however, that during the period of suspension (which shall end on the Date of Termination), and subject to the legal rules applicable to such payments and benefits, including, without limitation, the rules applicable to qualified plans under section 401(a) of the Code and the rules applicable to nonqualified deferred compensation plans under section 409A of the Code, 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; and further provided that any such suspension shall not affect the determination of whether the resignation was the result of a Constructive Discharge.

Appears in 2 contracts

Samples: Employment Agreement (Prologis), Employment Agreement (Prologis)

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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 Termination, and ending on the Date of Termination, the Executive shall continue to perform his the duties as set forth in this Agreement, and shall also perform such 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 67, the Company may suspend the Executive from performing his the duties under this Agreement (including, without limitation, his duties as a member of the Board or the board of directors of any Subsidiary) following the delivery of a Notice of Termination providing for the Executive’s 's resignation, or delivery by the Company of a Notice of Termination providing for the Executive’s 's termination of employment for any reason; provided, however, that during the period of suspension (which shall end on the Date of Termination), and subject to the legal rules applicable to such payments and benefits, including, without limitation, the rules applicable to qualified plans under section 401(a) of the Code and the rules applicable to nonqualified deferred compensation plans under section 409A of the Code, the Executive shall continue to be treated as employed by the Company for other purposes, and his the Executive's rights to compensation or benefits shall not be reduced by reason of the suspension; . Following the Date of Termination, the Executive agrees to return to the Company any keys, credit cards, passes, confidential documents or material, or other property belonging to the Company, and further provided that to return all writings, files, records, correspondence, notebooks, notes and other documents and things (including any such suspension shall not affect the determination of whether the resignation was the result of a Constructive Dischargecopies thereof) containing any Confidential Information.

Appears in 1 contract

Samples: Employment Agreement (Devon Energy Corp/De)

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 Termination, and ending on the Date of Termination, the Executive Employee shall continue to perform his the duties as set forth in this Agreement, and shall also perform such services for the Company as are necessary and appropriate for a smooth transition to the ExecutiveEmployee’s successor, if any. Notwithstanding the foregoing provisions of this paragraph 67, the Company may suspend the Executive Employee from performing his the duties under this Agreement (including, without limitation, his duties as a member of the Board or the board of directors of any Subsidiary) following the delivery of a Notice of Termination providing for the ExecutiveEmployee’s resignation, or delivery by the Company of a Notice of Termination providing for the ExecutiveEmployee’s termination of employment for any reason; provided, however, that during the period of suspension (which shall end on the Date of Termination), and subject to the legal rules applicable to such payments and benefits, including, without limitation, the rules applicable to qualified plans under section 401(a) of the Code and the rules applicable to nonqualified deferred compensation plans under section 409A of the Code, the Executive Employee shall continue to be treated as employed by the Company for other purposes, and his the Employee’s rights to compensation or benefits shall not be reduced by reason of the suspension; . Following the Date of Termination, the Employee agrees to return to the Company any keys, credit cards, passes, confidential documents or material, or other property belonging to the Company, and further provided that to return all writings, files, records, correspondence, notebooks, notes and other documents and things (including any such suspension shall not affect the determination of whether the resignation was the result of a Constructive Dischargecopies thereof) containing any Confidential Information.

Appears in 1 contract

Samples: Severance Agreement (Devon Energy Corp/De)

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 Termination, and ending on the Date of Termination, the Executive shall continue to perform his duties as set forth in this Agreement, and shall also perform such 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 6, the Company may suspend the Executive from performing his duties under this Agreement (including, without limitation, his duties as a member of the Board or the board of directors of any Subsidiary) following the delivery of a Notice of Termination providing for the Executive’s 's resignation, or delivery by the Company of a Notice of Termination providing for the Executive’s 's termination of employment for any reason; provided, however, that during the period of suspension (which shall end on the Date of Termination), and subject to the legal rules applicable to such payments and benefits, including, without limitation, the rules applicable to qualified plans under section 401(a) of the Code and the rules applicable to nonqualified deferred compensation plans under section 409A of the Code, 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; . Following the Date of Termination, the Executive agrees to return to the Company any keys, credit cards, passes, confidential documents or material, or other property belonging to the Company, and further provided that to return all writings, files, records, correspondence, notebooks, notes and other documents and things (including any such suspension shall not affect the determination of whether the resignation was the result of a Constructive Dischargecopies thereof) containing any Confidential Information (as defined below).

Appears in 1 contract

Samples: Employment Agreement (Trenwick Group LTD)

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 Termination, and ending on the Date of Termination, the Executive shall continue to perform his duties as set forth in this Agreement, and shall also perform such services for the Company as are necessary and appropriate for a smooth an effective transition to the Executive’s successor, if any. Notwithstanding the foregoing provisions of this paragraph 65, the Company may suspend the Executive from performing his duties under this Agreement (including, without limitation, his duties as a member of the Board of Directors of the Company or the board of directors of any Subsidiary) 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 reason; provided, however, that during the period of suspension (which shall end on the Date of Termination), and subject to the legal rules applicable to such payments and benefits, including, without limitation, the rules applicable to qualified plans under section Code Section 401(a) of the Code and the rules applicable to nonqualified deferred compensation plans under section 409A of the CodeCode Section 409A, 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; and further provided that any such suspension shall not affect the determination of whether the resignation was the result of a Constructive Discharge.

Appears in 1 contract

Samples: Employment Agreement (Baxter International Inc)

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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 Termination, and ending on the Date of Termination, the Executive shall continue to perform his duties as set forth in this Agreement, and shall also perform such 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 65, the Company may suspend the Executive from performing his duties under this Agreement (including, without limitation, his duties as a member of the Board or the board of directors of any Subsidiary) following the delivery of a Notice of Termination providing for the Executive’s 's resignation, or delivery by the Company of a Notice of Termination providing for the Executive’s 's termination of employment for any reason; provided, however, that during the period of suspension (which shall end on the Date of Termination), and subject to the legal rules applicable to such payments and benefits, including, without limitation, the rules applicable to qualified plans under section 401(a) of the Code and the rules applicable to nonqualified deferred compensation plans under section 409A of the Code, 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; suspension and further provided the Executive shall continue to be bound by his obligations under this Agreement and his duty of fidelity to the Company. Following the Date of Termination, the Executive agrees to return to the Company any keys, credit cards, passes, confidential documents or material, or other property belonging to the Company, and to return all writings, files, records, correspondence, notebooks, notes and other documents and things (including any copies thereof) containing any confidential information or trade secrets relating to the Company or the Affiliates. The Executive agrees to represent in writing to the Company upon termination of employment that any such suspension shall not affect he has complied with the determination foregoing provisions of whether the resignation was the result of a Constructive Dischargethis paragraph 5 and that he will comply with paragraphs 7, paragraph 8, and paragraph 9.

Appears in 1 contract

Samples: Employment Agreement (Omega Worldwide Inc)

Duties on Termination. (a) Subject to the terms and conditions of this Agreement, during the period beginning on the date of delivery of a Notice notice of Terminationtermination, and ending on the Date of Termination, the Executive shall continue to perform his duties as set forth in this Agreement, and shall also perform such 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 6, the Company may suspend the Executive from performing his duties under this Agreement (including, without limitation, his duties as a member of the Board of Directors of the Company or the board of directors of any SubsidiaryAffiliate) following the delivery of a Notice notice of Termination termination providing for the Executive’s resignation, or delivery by the Company of a Notice notice of Termination 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), and subject to the legal rules applicable to such payments and benefits, including, without limitation, the rules applicable to qualified plans under section Code Section 401(a) of the Code and the rules applicable to nonqualified deferred compensation plans under section 409A of the CodeCode Section 409A, 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; and further provided that any such suspension shall not affect the determination of whether the resignation was the result of a Constructive Dischargefor Good Reason or without Good Reason.

Appears in 1 contract

Samples: Employment Agreement (Sparton Corp)

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