Common use of Payments to Employee Clause in Contracts

Payments to Employee. In the event of the cessation of Employee’s employment prior to the expiration of the term of this Agreement, Employer shall pay to Employee the amounts set forth in this Paragraph 9 biweekly throughout the balance of the term of this Agreement; provided, however, that Employer shall have no obligation to pay any amounts whatsoever under the provisions of this Paragraph 9 if Employee: (a) is terminated by Xxxx X. Xxxxx in his capacity as Chairman and/or Chief Executive Officer of Employer; (b) is terminated by Employer’s Board of Directors with the concurrence of Xxxx X. Xxxxx in his capacity as Chairman and/or Chief Executive Officer of Employer; (c) voluntarily terminated his employment during such time as Xxxx X. Xxxxx may be Chairman and/or Chief Executive Officer of Employer; (d) is terminated for cause, as that term is defined in Paragraph 8.2 hereof; or (e) if upon a Change of Control, Employee voluntarily terminates his employment.

Payments to Employee. In the event of the cessation of Employee’s 's employment prior to the expiration of the term of this Agreement, Employer shall pay to Employee the amounts set forth in this Paragraph 9 biweekly throughout the balance of the term of this Agreement; provided, however, that Employer shall have no obligation to pay any amounts whatsoever under the provisions of this Paragraph 9 if Employee: (a) is terminated by Xxxx X. Xxxxx in his capacity as Chairman President and/or Chief Executive Officer of Employer; (b) is terminated by Employer’s 's Board of Directors with the concurrence of Xxxx X. Xxxxx in his capacity as Chairman President and/or Chief Executive Officer of Employer; (c) voluntarily terminated his employment during such time as Xxxx X. Xxxxx may be Chairman President and/or Chief Executive Officer of Employer; or (d) is terminated for cause, as that term is defined in Paragraph 8.2 hereof; or (e) if upon a Change of Control, Employee voluntarily terminates his employment.

Payments to Employee. In the event of the cessation of Employee’s employment prior to the expiration of the term of this Agreement, Employer shall pay to Employee the amounts set forth in this Paragraph 9 biweekly throughout the balance of the term of this Agreement; provided, however, that Employer shall have no obligation to pay any amounts whatsoever under the provisions of this Paragraph 9 if Employee: (a) is terminated by Xxxx X. Xxxxx in his capacity as Chairman President and/or Chief Executive Officer of Employer; (b) is terminated by Employer’s Board of Directors with the concurrence of Xxxx X. Xxxxx in his capacity as Chairman President and/or Chief Executive Officer of Employer; (c) voluntarily terminated his employment during such time as Xxxx X. Xxxxx may be Chairman President and/or Chief Executive Officer of Employer; or (d) is terminated for cause, as that term is defined in Paragraph 8.2 hereof; or (e) if upon a Change of Control, Employee voluntarily terminates his employment.