Compensation on Termination for Cause Clause Samples

The 'Compensation on Termination for Cause' clause defines the financial consequences when a contract is ended due to one party's misconduct or breach. Typically, this clause stipulates that the party at fault will forfeit certain payments or benefits that would otherwise be due under the agreement, and may also be liable for damages or costs incurred by the non-breaching party. Its core function is to deter breaches by imposing financial penalties and to protect the non-breaching party from losses resulting from the other party's wrongful actions.
Compensation on Termination for Cause. If the Executive's employment is terminated for cause, then the Company will pay the Executive his salary owing up to and including the date of termination and upon making such payment the Company will have no further obligations to the Executive under this Agreement or in connection with his employment by the Company.
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Compensation on Termination for Cause. If your employment is terminated for cause, 724 shall pay you your salary and benefits through the date of termination and 724 shall have no further obligations to you under this agreement or in connection with your employment by 724.
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Compensation on Termination for Cause. If Executive’s employment shall terminate For Cause, then Commerce shall pay Executive in accordance with the regular payroll practices of Commerce, his full base salary through the date of termination at the rate currently in effect and pay such other compensation as may have accrued and be due Executive pursuant to Sections 3 and 4. Commerce shall have no further obligations to Executive under this Agreement.
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Compensation on Termination for Cause. The Company shall pay Hill any prorated portion of his full Compensation that is then owed through the date of termination if Hill's services shall terminate "For Cause" and the Company shall have no further obligations to Hill under this Agreement other than to pay Hill such other plan, program, or other benefits as may be due Hill pursuant to Sections 3.3 and 4 above.
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Compensation on Termination for Cause. If your employment is terminated for cause, 724 Solutions shall pay you your salary and benefits through the date of termination and 724 Solutions shall have no further obligations to you under this agreement or in connection with your employment by 724 Solutions.
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Compensation on Termination for Cause. If Executive's employment shall terminate For Cause, then Metro shall pay Executive in accordance with the regular payroll practices of Metro, his full base salary through the date of termination at the rate currently in effect and pay such other compensation as may have accrued and be due Executive pursuant to Sections 3 and 4. Metro shall have no further obligations to Executive under this Agreement.
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Related to Compensation on Termination for Cause

  • Compensation on Termination An Employee whose services have been terminated for any cause and who within three (3) months of separation is diagnosed by a physician as having tuberculosis, shall be entitled to the above compensation and the salary rate shall be based on the salary he was receiving at the time his services were terminated. The benefits of this provision may be extended for an additional three (3) months, provided that the former Employee concerned submits a x-ray plate taken within three (3) months after the termination of employment.

  • CFR PART 200 Termination Termination for cause and for convenience by the grantee or subgrantee including the manner by which it will be eff ected and the basis for settlement. (All contracts in excess of $10,000) Pursuant to the above, when federal funds are expended by ESC Region 8 and TIPS Members, ESC Region 8 and TIPS Members reserves the right to terminate any agreement in excess of $10,000 resulting from this procurement process for cause after giving the vendor an appropriate opportunity an d up to 30 days, to cure the causal breach of terms and conditions. ESC Region 8 and TIPS Members reserves the right to terminate any agreement in excess of $10,000 resulting from this procurement process for convenience with 30 days notice in writing to the awarded vendor. The vendor would be compensated for work performed and goods procured as of the termination date if for convenience of the ESC Region 8 and TIPS Members. Any award under this procurement process is not exclusive and the ESC Region 8 and TIPS reserves the right to purchase goods and services from other vendors when it is in the best interest of t he ESC Region 8 and TIPS. Does vendor agree? Yes

  • Voluntary Termination; Termination for Cause If Executive’s employment with the Company terminates voluntarily by Executive or for “Cause” by the Company, then (i) all vesting of the Option will terminate immediately and all payments of compensation by the Company to Executive hereunder will terminate immediately (except as to amounts already earned), and (ii) Executive will only be eligible for severance benefits in accordance with the Company’s established policies as then in effect.

  • Effect of Termination on Compensation In the event of the termination of this Agreement prior to the completion of the term of employment specified in Article 1, the Employee shall be entitled to the compensation earned by the Employee prior to the effective date of termination as provided for in this Agreement, computed pro rata up to and including that date. Except as otherwise provided in this Agreement, the Employee shall be entitled to no further compensation after the date of termination.

  • Compensation Upon Termination of Employment If the Executive’s employment hereunder is terminated, in accordance with the provisions of Article III hereof, and except for any other rights or benefits specifically provided for herein to be effective following the Executive’s period of employment, the Company will provide compensation and benefits to the Executive only as follows: