Common use of Termination Pay Clause in Contracts

Termination Pay. Effective upon the termination of this Agreement for any of the reasons set forth in section10(a), the Company shall be obligated to pay the Executive (or in the event of his death, his designated beneficiary as defined below) the compensation provided in this section 10(e), as well as all business expenses recoverable under Section 7. For purposes of this section 10(e), the Executive's designated beneficiary will be such individual beneficiary or trust, located at such address, as the Executive may designate by notice to the Company from time to time or if the Executive fails to give notice to the Company of such a beneficiary, the Executive's estate. Notwithstanding the preceding sentence the Company will have no duty, in any circumstances, to attempt to open an estate on behalf of the Executive, to determine whether any beneficiary designated by the Executive is alive or to ascertain the address of any such beneficiary, to determine the existence of any trust, to determine whether any person or entity purporting to act as the Executive's personal representative (or the trustee of a trust established by the Executive) is duly authorized to act in that capacity or to locate or attempt to locate any beneficiary, personal representative, or trustee.

Termination Pay. Effective upon the termination of this Agreement for any of the reasons set forth in section10(a)Agreement, the Company shall Employer will be obligated to pay the Executive (or or, in the event of his death, his designated beneficiary as defined below) the only such compensation as is provided in this section 10(e)Section 6.5, as well as and in lieu of all business expenses recoverable under Section 7other amounts. For purposes of this section 10(e)Section 6.5, the Executive's designated beneficiary will be such individual beneficiary or trust, located at such address, as the Executive may designate by notice to the Company Employer from time to time or or, if the Executive fails to give notice to the Company Employer of such a beneficiary, the Executive's estate. Notwithstanding the preceding sentence sentence, the Company will Employer shall have no duty, in any circumstances, to attempt to open an estate on behalf of the Executive, to determine whether any beneficiary designated by the Executive is alive or to ascertain the address of any such beneficiary, to determine the existence of any trust, to determine whether any person or entity purporting to act as the Executive's personal representative (or the trustee of a trust established by the Executive) is duly authorized to act in that capacity capacity, or to locate or attempt to locate any beneficiary, personal representative, or trustee.

Termination Pay. Effective upon the termination of this Agreement for any of the reasons set forth in section10(a▇▇▇▇▇▇▇▇▇ (a), the Company shall be obligated to pay the Executive (or in the event of his death, his designated beneficiary as defined below) the compensation provided in this section 10(e)amounts set forth below, as well as all business expenses recoverable under Section 78. For purposes of this section 10(e·11 (e), the Executive's designated beneficiary will be such individual beneficiary or trust, located at such address, as the Executive may designate by notice to the Company from time to time or if the Executive fails to give notice to the Company of such a beneficiary, the Executive's estate. Notwithstanding the preceding sentence the Company will have no duty, in any circumstances, to attempt to open an estate on behalf of the Executive, to determine whether any beneficiary designated by the Executive is alive or to ascertain the address of any such beneficiary, to determine the existence of any trust, to determine whether any person or entity purporting to act as the Executive's personal representative (or the trustee of a trust established by the Executive) is duly authorized to act in that capacity or to locate or attempt to locate any beneficiary, personal representative, or trustee.

Termination Pay. Effective upon the termination of this Agreement for any of the reasons set forth in section10(as▇▇▇▇▇▇▇▇(a), the Company shall be obligated to pay the Executive (or in the event of his death, his designated beneficiary as defined below) the compensation provided in this section 10(e)amounts set forth below, as well as all business expenses recoverable under Section 78. For purposes of this section 10(e11(e), the Executive's designated beneficiary will be such individual beneficiary or trust, located at such address, as the Executive may designate by notice to the Company from time to time or if the Executive fails to give notice to the Company of such a beneficiary, the Executive's estate. Notwithstanding the preceding sentence the Company will have no duty, in any circumstances, to attempt to open an estate on behalf of the Executive, to determine whether any beneficiary designated by the Executive is alive or to ascertain the address of any such beneficiary, to determine the existence of any trust, to determine whether any person or entity purporting to act as the Executive's personal representative (or the trustee of a trust established by the Executive) is duly authorized to act in that capacity or to locate or attempt to locate any beneficiary, personal representative, or trustee.

Termination Pay. Effective upon the termination of this Agreement for any of the reasons set forth in section10(a), the Company shall be obligated to pay the Executive (or in the event of his death, his designated beneficiary as defined below) the compensation provided in this section 10(e11(e), as well as all business expenses recoverable under Section 78. For purposes of this section 10(e), the Executive's designated beneficiary will be such individual beneficiary or trust, located at such address, as the Executive may designate by notice to the Company from time to time or if the Executive fails to give notice to the Company of such a beneficiary, the Executive's estate. Notwithstanding the preceding sentence the Company will have no duty, in any circumstances, to attempt to open an estate on behalf of the Executive, to determine whether any beneficiary designated by the Executive is alive or to ascertain the address of any such beneficiary, to determine the existence of any trust, to determine whether any person or entity purporting to act as the Executive's personal representative (or the trustee of a trust established by the Executive) is duly authorized to act in that capacity or to locate or attempt to locate any beneficiary, personal representative, or trustee.

Termination Pay. Effective upon the termination of this Agreement for any of the reasons set forth in section10(a▇▇▇▇▇▇▇▇▇(a), the Company shall be obligated to pay the Executive (or in the event of his her death, his her designated beneficiary as defined below) the compensation and Bonus provided below in this section 10(e11(a), as well as all business expenses recoverable under Section 78. For purposes of this section 10(e11(e), the Executive's designated beneficiary will be such individual beneficiary or trust, located at such address, as the Executive may designate by notice to the Company from time to time or if the Executive fails to give notice to the Company of such a beneficiary, the Executive's estate. Notwithstanding the preceding sentence sentence, the Company will have no duty, in any circumstances, to attempt to open an estate on behalf of the Executive, to determine whether any beneficiary designated by the Executive is alive or to ascertain the address of any such beneficiary, to determine the existence of any trust, to determine whether any person or entity purporting to act as the Executive's personal representative (or the trustee of a trust established by the Executive) is duly authorized to act in that capacity or to locate or attempt to locate any beneficiary, personal representative, or trustee.

Termination Pay. Effective upon the termination of this Agreement for any of the reasons set forth in section10(as▇▇▇▇▇▇▇▇ (a), the Company shall be obligated to pay the Executive (or in the event of his death, his designated beneficiary as defined below) the compensation provided in this section 10(e)amounts set forth below, as well as all business expenses recoverable under Section 78. For purposes of this section 10(e·11 (e), the Executive's ’s designated beneficiary will be such individual beneficiary or trust, located at such address, as the Executive may designate by notice to the Company from time to time or if the Executive fails to give notice to the Company of such a beneficiary, the Executive's ’s estate. Notwithstanding the preceding sentence the Company will have no duty, in any circumstances, to attempt to open an estate on behalf of the Executive, to determine whether any beneficiary designated by the Executive is alive or to ascertain the address of any such beneficiary, to determine the existence of any trust, to determine whether any person or entity purporting to act as the Executive's ’s personal representative (or the trustee of a trust established by the Executive) is duly authorized to act in that capacity or to locate or attempt to locate any beneficiary, personal representative, or trustee.

Termination Pay. Effective upon the termination of this Agreement for any of the reasons set forth in section10(a)Agreement, the Company shall will be obligated to pay the Executive (or or, in the event of his death, his designated beneficiary as defined below) the only such compensation as is provided in this section 10(eSection 5(b), as well as and in lieu of all business expenses recoverable under Section 7other amounts and in settlement and complete release of all claims Executive may have against the Company. For purposes of this section 10(eSection 5(b), the Executive's ’s designated beneficiary will be such individual beneficiary or trust, located at such address, as the Executive may designate by notice to the Company from time to time or or, if the Executive fails to give notice to the Company of such a beneficiary, the Executive's ’s estate. Notwithstanding the preceding sentence sentence, the Company will have no duty, in any circumstances, to attempt to open an estate on behalf of the Executive, to determine whether any beneficiary designated by the Executive is alive or to ascertain the address of any such beneficiary, to determine the existence of any trust, to determine whether any person or entity purporting to act as the Executive's ’s personal representative (or the trustee of a trust established by the Executive) is duly authorized to act in that capacity capacity, or to locate or attempt to locate any beneficiary, personal representative, or trustee.

Termination Pay. Effective upon the termination of this Agreement for any of the reasons set forth in section10(a)Agreement, the Company shall Employer will be obligated to pay the Executive (or or, in the event of his her death, his her designated beneficiary as defined below) the only such compensation as is provided in this section 10(e)Section 6.5, as well as and in lieu of all business expenses recoverable under Section 7other amounts. For purposes of this section 10(e)Section 6.5, the Executive's designated beneficiary will be such individual beneficiary or trust, located at such address, as the Executive may designate by notice to the Company Employer from time to time or or, if the Executive fails to give notice to the Company Employer of such a beneficiary, the Executive's estate. Notwithstanding the preceding sentence sentence, the Company will Employer shall have no duty, in any circumstances, to attempt to open an estate on behalf of the Executive, to determine whether any beneficiary designated by the Executive is alive or to ascertain the address of any such beneficiary, to determine the existence of any trust, to determine whether any person or entity purporting to act as the Executive's personal representative (or the trustee of a trust established by the Executive) is duly authorized to act in that capacity capacity, or to locate or attempt to locate any beneficiary, personal representative, or trustee.

Termination Pay. Effective upon the termination of this Agreement for any of the reasons set forth in section10(as▇▇▇▇▇▇▇▇(a), the Company shall be obligated to pay the Executive (or in the event of his death, his designated beneficiary as defined below) the compensation provided in this section 10(e)amounts set forth below , as well as all business expenses recoverable under Section 78. For purposes of this section 10(e11(e), the Executive's designated beneficiary will be such individual beneficiary or trust, located at such address, as the Executive may designate by notice to the Company from time to time or if the Executive fails to give notice to the Company of such a beneficiary, the Executive's estate. Notwithstanding the preceding sentence the Company will have no duty, in any circumstances, to attempt to open an estate on behalf of the Executive, to determine whether any beneficiary designated by the Executive is alive or to ascertain the address of any such beneficiary, to determine the existence of any trust, to determine whether any person or entity purporting to act as the Executive's personal representative (or the trustee of a trust established by the Executive) is duly authorized to act in that capacity or to locate or attempt to locate any beneficiary, personal representative, or trustee.

Termination Pay. Effective upon the termination of this Agreement for any of the reasons set forth in section10(a▇▇▇▇▇▇▇▇▇ (a), the Company shall be obligated to pay the Executive (or in the event of his death, his designated beneficiary as defined below) the compensation provided in this section 10(e)amounts set forth below, as well as all business expenses recoverable under Section 78. For purposes of this section 10(e·11 (e), the Executive's ’s designated beneficiary will be such individual beneficiary or trust, located at such address, as the Executive may designate by notice to the Company from time to time or if the Executive fails to give notice to the Company of such a beneficiary, the Executive's ’s estate. Notwithstanding the preceding sentence the Company will have no duty, in any circumstances, to attempt to open an estate on behalf of the Executive, to determine whether any beneficiary designated by the Executive is alive or to ascertain the address of any such beneficiary, to determine the existence of any trust, to determine whether any person or entity purporting to act as the Executive's ’s personal representative (or the trustee of a trust established by the Executive) is duly authorized to act in that capacity or to locate or attempt to locate any beneficiary, personal representative, or trustee.

Termination Pay. Effective upon the termination of this Agreement for any of the reasons set forth in section10(asection 10(a), the Company shall be obligated to pay the Executive (or in the event of his death, his designated beneficiary as defined below) the compensation provided in this section 10(e)amounts set forth below , as well as all business expenses recoverable under Section 78. For purposes of this section 10(e11(e), the Executive's designated beneficiary will be such individual beneficiary or trust, located at such address, as the Executive may designate by notice to the Company from time to time or if the Executive fails to give notice to the Company of such a beneficiary, the Executive's estate. Notwithstanding the preceding sentence the Company will have no duty, in any circumstances, to attempt to open an estate on behalf of the Executive, to determine whether any beneficiary designated by the Executive is alive or to ascertain the address of any such beneficiary, to determine the existence of any trust, to determine whether any person or entity purporting to act as the Executive's personal representative (or the trustee of a trust established by the Executive) is duly authorized to act in that capacity or to locate or attempt to locate any beneficiary, personal representative, or trustee.

Termination Pay. Effective upon the termination of this Agreement for any of the reasons set forth in section10(a▇▇▇▇▇▇▇▇▇(a), the Company shall be obligated to pay the Executive (or in the event of his death, his designated beneficiary as defined below) the compensation provided in this section 10(e)amounts set forth below , as well as all business expenses recoverable under Section 78. For purposes of this section 10(e11(e), the Executive's designated beneficiary will be such individual beneficiary or trust, located at such address, as the Executive may designate by notice to the Company from time to time or if the Executive fails to give notice to the Company of such a beneficiary, the Executive's estate. Notwithstanding the preceding sentence the Company will have no duty, in any circumstances, to attempt to open an estate on behalf of the Executive, to determine whether any beneficiary designated by the Executive is alive or to ascertain the address of any such beneficiary, to determine the existence of any trust, to determine whether any person or entity purporting to act as the Executive's personal representative (or the trustee of a trust established by the Executive) is duly authorized to act in that capacity or to locate or attempt to locate any beneficiary, personal representative, or trustee.