Compensation Due Upon Termination Clause Samples

Compensation Due Upon Termination. Except as otherwise provided under the executive benefit plans maintained by the Corporation in which the Executive participates in accordance with subparagraph 3(c), the Executive's right to compensation for periods after the date his employment with the Corporation terminates shall be determined in accordance with the following:
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Compensation Due Upon Termination. (a) In the event this Agreement is terminated for any reason as set forth above, Executive shall be entitled to the compensation which Executive has earned and not yet collected pursuant to this Agreement up to the Termination Date, including continuation of benefits hereunder and reimbursement of expenses properly incurred and documented through the Termination Date . Compensation following termination shall be paid by the Company in the ordinary course of its payroll practices . In addition, the Executive shall not be entitled to any unvested equity grants, further compensation or benefits as of the Termination Date for a termination for Cause . For the avoidance of doubt, in the event the Company terminates the Agreement pursuant to Sections 3 . 1 (non - renewal) or 3 . 3 (Without Cause) or the Executive terminates the Agreement pursuant to Section 3 . 5 (Good Reason), the total payments and benefits payable to Executive under the Agreement shall not exceed the amounts required under this Section 3 . 6 (a) (i . e . compensation which Executive has earned and not yet collected up to the Termination Date (which, includes through the applicable notice period)), and the Severance Benefits required under Section 3 . 6 (b) . For example, if the Company terminates the Agreement pursuant to Section 3 . 3 , then : (i) the total cash payment due shall be twelve ( 12 ) months (i . e . pursuant to Section 3 . 6 (b)(i)) plus forty ( 45 ) days of earned but uncollected compensation and any other unpaid Base Salary and unreimbursed expenses as of the Termination Date (i . e . pursuant to Section 3 . 3 and this Section 3 . 6 (a)), and all other Severance Benefits as set forth in Section 3 . 6 (b), and (ii) no additional Base Salary shall be owed or paid by the Company to Executive for the remaining period of any Initial Term, or any applicable Renewal Term (i . e . Base Salary is payable only through the Termination Date) . (b) In the event that the Executive’s employment with the Company is terminated by the Company in connection with a non - renewal of this Agreement (due to Company providing notice of non - renewal as set forth in Section 3 . 1 ), or for any reason other than for Cause, the Early Termination Right, death of Executive, “permanent and total disability” of Executive (within the meaning Section 22 (e)( 3 ) of the Internal Revenue Code or non - renewal of this Agreement (due to Executive providing notice of non - renewal as set forth in Section 3 . 1 ), ...
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Compensation Due Upon Termination. Except as otherwise provided ------------------------------------ under the employee benefit plans maintained by the Employer in which the Employee participates in accordance with Subparagraph 3(c), the Employee's right to compensation for periods after the date his employment with the Employer terminates shall be determined in accordance with the following:
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Compensation Due Upon Termination. In the event that Company or Executive terminates this Agreement for any reason whatsoever, Executive shall be paid (less all applicable deductions) all earned and accrued Salary and expense reimbursements earned or accrued for services rendered up to the date of termination. Executive shall also be entitled to receive a pro-rata bonus based upon the Bonus she would subsequently have earned for the year in which Executive’s employment was terminated, if any, paid on the original date such bonus would have been payable.
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Compensation Due Upon Termination. (a) In the event this Agreement is terminated, Executive shall be entitled to the compensation which Executive has earned and not yet collected pursuant to this Agreement up to the date of termination, including continuation of benefits until such date and reimbursement of expenses properly incurred and documented through the Termination Date. Compensation following termination shall be paid by the Company in the ordinary course of its payroll practices. Except as otherwise provided to the contrary in this Section 8 or as required under applicable law, upon termination of this Agreement, the Company shall have no obligation to make any payments to Executive for additional salary or benefits.
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Compensation Due Upon Termination. In the event of the termination of this Agreement or a Work Release not due to the fault of CONSULTANT, CONSULTANT shall be compensated for the Services performed prior to termination, together with reimbursable expenses then due and all expenses directly attributable to the termination for which CONSULTANT is not otherwise compensated. In the event of a termination of this Agreement or a Work Release by CLIENT for CLIENT’s convenience, and without cause, CONSULTANT waives any claim for anticipated profit on the value of the Services not performed by CONSULTANT. In the event of a termination of a Work Release by either party for cause, subject to the limitations and conditions of Article 10 of this Agreement, the terminating party shall be entitled to recover from the defaulting party all damages caused by the defaulting party’s breach of the Consulting Services Contract and the termination of the Work Release, including, in the case of a termination by CONSULTANT for cause, CONSULTANT’s anticipated profit on the value of the Services not performed by CONSULTANT (which shall not be considered a consequential loss or damage).
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Compensation Due Upon Termination. In the event of termination, the compensation due to the Firm will be as follows: (1) If termination is not for “good cause” (as defined below), such termination shall not in any way eliminate or reduce the Firm’s ownership of an interest in Proceeds received or to be received as a result of any past or present Litigation or its right to receive distributions under Paragraph 3 above. (2) If termination of the Firm is for “good cause,” then the Firm will be entitled to retain: a. its contingent share of Proceeds that have already been received; b. its full interest in any Proceeds from any settlement agreement related to the Litigation entered into prior to the date the basis for “good cause” arose but for which Proceeds have not been received; and, c. with regard to the division of any other Proceeds that do not fall within paragraphs a or b above, the parties agree that the Firm shall receive a fair amount based upon services actually rendered to Client through the date of termination.
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Compensation Due Upon Termination. All accrued compensation to be paid upon termination.
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Compensation Due Upon Termination. In the event of the termination of this Agreement or a Work Release not the fault of ENGINEER, ENGINEER shall be compensated for the Services performed prior to termination, together with reimbursable expenses then due and all expenses directly attributable to the termination for which ENGINEER is not otherwise compensated. In the event of a termination of this Agreement or a Work Release by CLIENT for CLIENT’s convenience, and without cause, ENGINEER waives any claim for anticipated fees or profit on the value of the Services not performed by ENGINEER. In the event of a termination of a Work Release by either party for cause, the terminating party shall be entitled to recover from the defaulting party all damages caused by the defaulting party’s breach of this Agreement and/or the Engineering Contract and the termination of the Work Release, including, in the case of a termination by ENGINEER for cause, ENGINEER’s anticipated profit on the value of the Services not performed by ENGINEER.
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Related to Compensation Due Upon Termination

  • Compensation Upon Termination (i) If Executive's employment is terminated by the Company pursuant to subsection 5(f), or if Executive shall terminate his employment pursuant to subsection 5(d)(i), 5(d)(ii) or 5(d)(iii), then the Company shall pay to Executive, within 30 days of such termination (or, if there is a dispute regarding such termination, within 30 days of the date such dispute is resolved) the following amounts, and in lieu of any further salary and bonus or other incentive compensation payments to Executive for periods subsequent to the date of termination, an amount (the "Severance Payment") equal to the aggregate salary payments (based on the Base Salary in effect on the termination date) that would have been paid to Executive from the date of termination to the end of the Term then in effect, plus the bonus that would have been payable to Executive for the bonus year in which such termination occurs (which shall not be discounted to take into account present value), and the Executive shall be entitled to continue to participate in all Company Benefit Plans on the same basis as the Company's executive employees through the end of the fiscal year in which such termination occurs; provided, that if (A) (i) the period from the date of Executive's termination for reasons described in this Section 6(a)(i) to the end of the Term then in effect (the "Severance Period") is less than two years or (ii) the Company gives notice under Section 2 that the term will not be beyond the last year of the term then in effect (the last day of such term is referred to as the "Nonrenewal Date") and (B) Executive is not engaged in regular employment (whether as an employee or as a self-employed person) at the end of the Severance Period or at the Nonrenewal Date, then at the end of the Severance Period, or on the Nonrenewal Date as the case may be the Company shall begin making additional monthly severance payments ("Supplemental Severance Payments") to Executive (based on Executive's Base Salary at the time of termination, payable in arrears, pro rated for the months in which such payments begin and end and otherwise calculated and paid in accordance with the Company's payroll practices for its executive employees) until the earlier of (1) if clause (A)(i) of this proviso applies, the second anniversary of the date of such Executive's termination, or if clause (A)(ii) of this proviso applies, the first anniversary of the Nonrenewal Date and (2) the date that the Executive finds regular employment, whether as an employee or as a self-employed person, provided that the Company may at any time, in the discretion of the Company's chief executive officer, elect not to pay, or elect to discontinue payment of any, Supplemental Severance Payments, if at the time of such election, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ is the Chief Executive Officer of the Company. If ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ is not then Chief Executive Officer, such election shall be made by ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ so long as Vestar Equity Partners, L.P., together with its general partner and their respective affiliates, own, or have the power to vote or direct the voting of, shares of the capital stock of the Company sufficient to elect a majority of the Company's Board of Directors. The provision in clause (A)(ii) of the foregoing proviso relating to continuing payments after the Nonrenewal Date on account of the Company's failure to extend the Term shall not be applicable if Executive's employment is terminated prior to the Nonrenewal Date. (ii) If Executive's employment terminates for any reason other than pursuant to subparagraph 5(f), 5(d)(i), 5(d)(ii) or 5(d)(iii), Executive shall receive compensation and benefits through the end of the calendar month in which termination occurs (or, if earlier, the end of the Term then in effect) and shall thereafter receive no other compensation or, except as required by law, any benefits of any kind whatsoever; it being understood that no bonus shall be payable for the year in which such termination occurs. (iii) Any sums due pursuant to the provisions of this subsection 6(a) shall be reduced by any sums payable to Executive pursuant to any severance or termination pay program maintained by the Company. (b) Executive shall not be required to mitigate the amount of any payment provided for in this Section 6 by seeking other employment or otherwise.

  • Payment Upon Termination In the event that the City or Consultant terminates this Agreement pursuant to Section 8, the City shall compensate the Consultant for all outstanding costs and reimbursable expenses incurred for work satisfactorily completed as of the date of written notice of termination. Consultant shall maintain adequate logs and timesheets in order to verify costs incurred to that date. The City shall have no obligation to compensate Consultant for work not verified by logs or timesheets.

  • Vacation Pay Upon Termination When an employee in the bargaining unit is terminated for any reason, he/she shall be entitled to all vacation pay earned and accumulated up to and including the effective date of the termination.