PAYMENT AND OTHER PROVISIONS UPON TERMINATION Clause Samples

PAYMENT AND OTHER PROVISIONS UPON TERMINATION a. In the event Employee's employment with the Company (including its subsidiaries) is terminated by the Company for Cause as provided in Paragraph 5 then, on or before Employee's last day of employment with the Company, the provisions of this Paragraph 7a. shall apply. These same provisions shall apply if Employee terminates his employment without Good Reason as described in Paragraph 6.
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PAYMENT AND OTHER PROVISIONS UPON TERMINATION a. In the event Employee’s employment with the Company (including its subsidiaries) is terminated by the Company for Cause as provided in Paragraph 5 of this Agreement, then, on or before Employee’s last day of employment with the Company, the Company shall pay in a lump sum to Employee at the time of Employee’s termination an amount equal the unpaid salary due to the Employee for services performed prior to the date of termination of employment. Any and all other rights granted to Employee under this Agreement shall terminate as of the date of termination. This same provision shall apply if Employee terminates his employment with the Company, with or without reason. b. In the event that Employee’s employment with the Company is terminated by the Employee for Good Reason (as defined below), Employee shall be entitled to a lump sum payment equal to three (3) months of Employee’s Base Salary payable within twenty (20) business days of such termination. As used herein, “Good Reason” shall mean: (i) material diminution in the nature or scope of the Employee’s responsibilities, duties or authority, but excluding for these purposes an isolated and insubstantial action not taken in bad faith which is remedied by Company promptly after receipt of notice thereof given by Employee and actions taken by the Company related to Employee’s performance of assigned duties; (ii) a material reduction in the compensation payable to the Employee; and (iii) relocation of the Employee’s principal worksite more than 50 miles from its current site, without Employee’s agreement in writing.
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PAYMENT AND OTHER PROVISIONS UPON TERMINATION. In the event Employee’s employment with the Company (including its subsidiaries) is terminated by the Company for Cause as provided in Paragraph 5 of this Agreement, then, on or before Employee’s last day of employment with the Company, the Company shall pay in a lump sum to Employee at the time of Employee’s termination an amount equal the unpaid salary due to the Employee for services performed prior to the date of termination of employment. Any and all other rights granted to Employee under this Agreement shall terminate as of the date of termination. This same provision shall apply if Employee terminates his employment with the Company, with or without reason.
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PAYMENT AND OTHER PROVISIONS UPON TERMINATION. In the event ▇▇▇▇▇▇▇▇'▇ employment with the Company (including its subsidiaries) is terminated by the Company for Cause as provided in Paragraph 5, or for any other reason, including ▇▇▇▇▇▇▇▇ terminating for Good Reason, then ▇▇▇▇▇▇▇▇ shall have a period of five years from the date of such termination to exercise any or all stock options held by him. To the extent required, the Company shall amend all applicable stock option plans to provide for such five year exercise right by ▇▇▇▇▇▇▇▇.
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PAYMENT AND OTHER PROVISIONS UPON TERMINATION 
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Related to PAYMENT AND OTHER PROVISIONS UPON TERMINATION

  • DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION

  • Termination and Other Remedies a. If Registered User breaches the provisions in this Agreement or otherwise uses data or information improperly as deemed by Clerk, the Clerk has the right to terminate this Agreement immediately and pursue any other remedy available at law or in equity. b. This Agreement will be terminated immediately if funding is withdrawn for any reason. Registered User acknowledges that the Clerk has no control over appropriations that may be provided by any governmental entity for the continuation of the services under this Agreement.

  • Actions Upon Termination In the event of termination not the fault of the Contractor, the Contractor shall be paid for the services properly performed prior to termination, together with any reimbursable expenses then due, but in no event shall such compensation exceed the maximum compensation to be paid under the Contract. The Contractor agrees that this payment shall fully and adequately compensate the Contractor and all subcontractors for all profits, costs, expenses, losses, liabilities, damages, taxes, and charges of any kind whatsoever (whether foreseen or unforeseen) attributable to the termination of this Contract. Upon termination for any reason, the Contractor shall provide Seattle with the most current design documents, contract documents, writings and other product it has completed to the date of termination, along with copies of all project-related correspondence and similar items. Seattle shall have the same rights to use these materials as if termination had not occurred.

  • Payments Fees and Other General Provisions Section 3.1.

  • Obligations Upon Termination Upon termination of this Agreement, either party shall, at the request of the other party, return any document, material, database, equipment, or software containing the Confidential Information to the other party. If, for any reason, such document, material, database, equipment, or software cannot be returned, either party shall destroy all the Confidential Information belonging to the other party and delete such Confidential Information from any memory devices. No party shall be permitted to continue using the Confidential Information in any way after the termination of this Agreement.