Common use of Pay in lieu Clause in Contracts

Pay in lieu. On serving notice for any reason to terminate this Agreement or at any time thereafter during the currency of the notice the Company shall be entitled to pay the Executive his basic salary at the rate then payable under clause 5 hereof for the unexpired portion of the duration of his appointment or entitlement to notice as may be.

Appears in 4 contracts

Samples: Service Agreement (Msu Corp), Service Agreement (Msu Corp), Service Agreement (Msu Corp)

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Pay in lieu. On serving notice being served for any reason to terminate this Agreement or at any time thereafter during the currency of the such notice the Company shall be entitled at its absolute discretion (but not obliged) to pay to the Executive his basic salary and other remuneration (if any) (at the rate then payable under clause 5 hereof 6 hereof) for the unexpired portion of the duration of his appointment or entitlement to notice as may bebe the case.

Appears in 1 contract

Samples: Employment Agreement (Walgreens Boots Alliance, Inc.)

Pay in lieu. On serving notice for any reason to terminate this Agreement or at any time thereafter during the currency of the such notice the Company shall be entitled (but not obliged) to pay to the Executive his basic salary (at the rate then payable under clause 5 hereof hereof) for the unexpired portion of the duration of his appointment or entitlement to notice as may benotice.

Appears in 1 contract

Samples: Service Agreement (Cronos Group)

Pay in lieu. On serving notice being served for any reason to terminate this Agreement or at any time thereafter during the currency of the such notice the Company shall be entitled at its absolute discretion (but not obliged) to pay to the Executive his basic her salary and other remuneration (if any) (at the rate then payable under clause 5 hereof 6 hereof) for the unexpired portion of the duration of his her appointment or entitlement to notice as may bebe the case.

Appears in 1 contract

Samples: Employment Agreement (Walgreens Boots Alliance, Inc.)

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Pay in lieu. On serving notice for any reason to terminate this Agreement or at any time thereafter during the currency of the notice the Company shall be entitled to pay the Executive his basic salary and benefits at the rate then payable under clause 5 hereof for the unexpired portion of the duration of his appointment or entitlement to notice as may be.

Appears in 1 contract

Samples: Service Agreement (Msu Corp)

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