Common use of Termination Pay Clause in Contracts

Termination Pay. Effective upon the termination of this Agreement, Employer will be obligated to pay Executive only such compensation as is provided in this Section 6.3, and in lieu of all other amounts and in settlement and complete release of all claims Executive may have against Employer.

Appears in 9 contracts

Sources: Employment Agreement (Lion Inc/Wa), Employment Agreement (Lion Inc/Wa), Employment Agreement (Lion Inc/Wa)

Termination Pay. Effective upon the termination of this Agreement, Employer the Company will be obligated to pay the Executive only such compensation as is provided in this Section 6.3, and in lieu of all other amounts and in settlement and complete release of all claims Executive may have against Employer6.5.

Appears in 4 contracts

Sources: Executive Employment Agreement (Grove, Inc.), Executive Employment Agreement (Grove, Inc.), Executive Employment Agreement (Grove, Inc.)

Termination Pay. Effective upon the termination of Executive's employment under this Agreement, Employer will shall be obligated to pay Executive (or, in the event of his death, his designated beneficiary) only such compensation as is provided in this Section 6.35.4, and in lieu of all other amounts and in settlement and complete release of all claims Executive may have against Employer relating to his employment by Employer.

Appears in 1 contract

Sources: Employment Agreement (Western Power & Equipment Corp)

Termination Pay. Effective upon the termination of this Agreement, the Employer will be obligated to pay the Executive (or, in the event of his death, his estate) only such compensation as is provided in this Section 6.35.5, and in lieu of all other amounts and in settlement and complete release of all claims the Executive may have against the Employer.

Appears in 1 contract

Sources: Employment Agreement (Dean & Deluca Inc)

Termination Pay. Effective upon the termination of this Agreement, the Employer will be obligated to pay the Executive (or, in the event of his death, his estate) only such compensation as is provided in this Section 6.36.5, and in lieu of all other amounts and in settlement and complete release of all claims the Executive may have against the Employer.

Appears in 1 contract

Sources: Employment Agreement (Publicard Inc)