Termination Payments Sample Clauses

Termination Payments. In the event of termination of the Employee’s employment during the Employment Period, all compensation and benefits set forth in this Agreement shall terminate except as specifically provided in this Section 5.

Termination Payments. In the event of a termination under Section 6.5(a), termination payment to the Operator or refund to AHS, if any, shall be promptly and mutually agreed to by AHS and the Operator, based on: (a) that portion of the Services satisfactorily performed to the date of the cancellation in accordance with the terms of this Agreement; and (b) reasonable and necessary expenses directly resulting from the termination, all as substantiated by documentation satisfactory to and verified by AHS. The Operator shall not be entitled to any loss of prospective profits, contribution to overhead or incidental, consequential or other damages because of such termination.

Termination Payments. (a) If the Employee's employment with the Company terminates for whatever reason, the Company will pay the Employee any portion of the Salary accrued hereunder on or prior to the date of termination but not paid to the Employee as of such date. (b) If the Employee's termination is pursuant to Section 8(e) or Section 8(f), the Company shall continue to pay the Employee an amount equal to his Salary (at the rate in effect at the time of his termination of employment) during the period commencing on the effective date of the Employee's termination of employment and ending on the second anniversary of the Effective Date (or the expiration of the then current Employment Term if the Agreement has been extended pursuant to Section 1). In addition, the Company shall continue the Employee's then current medical coverage for a period of two (2) years following termination of the Employee's employment. (c) If the Employee's termination is pursuant to Section 8(a), the Company shall pay the Employee's Beneficiary (as defined below) an amount equal to his Salary (at the rate in effect at the time of the Employee's termination of employment) for a period of six months following the date of the Employee's Death. For purposes of this provision, the Employee's Beneficiary shall be the Employee's spouse; if the Employee is not married on his date of Death, the Employee's children, per stirpes; and otherwise, the Employee's estate. (d) If the Employee's termination is pursuant to Section 8(d), the Company shall continue to pay the Employee an amount equal to his Salary (at the rate in effect at the time of his termination of employment) for a period of six months following the effective date of the Employee's termination of employment. The foregoing payments upon termination shall constitute the exclusive payments due to or in respect of the Employee upon the termination of his employment under this Agreement, but shall have no effect on any benefits which may be due the Employee under any plan of the Company which provides benefits after termination of employment, other than severance pay or salary continuation which shall be reduced by the amount of any payment received by the Employee following his termination pursuant to this Agreement. In the event any payments are required to be made to the Employee pursuant to this Section 9, the Employee shall be under no obligation to seek other employment and, in such case, there shall be no offset against any amounts due to the Em...

Termination Payments. (i) Upon Termination of this Agreement on account of Developer’s Event of Default, the Authority shall be entitled to receive Termination Payment equal to 2 (two) times the Fee payable by the Developer as on the anniversary of entering into this Agreement immediately succeeding the Termination Date and appropriate the Performance Security. (ii) Upon Termination of this Agreement on account of the Authority Event of Default, the Authority shall pay to the Developer, Termination Payment equal to 100% of the Book Value and shall release the Performance Security, subsisting if any.

Termination Payments. In the event of termination of the Executive’s employment during the Post-Change in Control Period, all compensation and benefits set forth in this Agreement shall terminate except as specifically provided in this Section 6.

Termination Payments. In the event this Agreement is terminated by -------------------- the Employers pursuant to Section 3.2.1(b) or by the Employee pursuant to Sections 3.2.2(a) or 3.2.3, then commencing with the first payroll date immediately following the effective date of such termination, the Employers will pay to the Employee as severance pay and liquidated damages an amount equal to the Average Monthly Compensation (as defined below) for a period equal to the remaining Term. Any amounts payable pursuant to this Section 3.7 will be paid at the same frequency as the Employee's then Base Salary (as defined in Section 4.1(a)) is paid. As used herein, the term "Average Monthly Compensation" means the quotient determined by dividing (a) the greater of (i) the Employee's then Base Salary, or (ii) the highest average of Base Salary and Incentive Compensation as described in Section 4.1(b) occurring in the most recent three (3) consecutive twelve-month periods during which the Employee was employed by the Employers (or if the Employers has been employed for fewer periods, such lesser number of periods) immediately prior to the effective date of the Agreement's termination, by (b) twelve (12). Notwithstanding any other provisions to this Agreement to the contrary, if the aggregate of the payments provided for in this Agreement and other payments and benefits which the Employee has the right to receive from the Employers (the "Total Payments") would constitute a "parachute payment", as defined in Section 280G(b)(2) of the Internal Revenue Code, the Employee shall receive the Total Payments unless (x) the after-tax amount that would be retained by the Employee (after taking into account all federal, state and local income taxes payable by the Employee and the amount of any excise taxes payable by the Employee under Section 4999 of the Internal Revenue Code that would be payable by the Employee (the "Excise Taxes")) if the Employee were to receive the Total Payments has a lesser aggregate value than (y) the after-tax amount that would be retained by the Employee (after taking into account all federal, state and local income taxes payable by the Employee) if the Employee were to receive the Total Payments reduced to the largest amount as would result in no portion of the Total Payments being subject to Excise Taxes (the "Reduced Payments"), in which case the Employee shall be entitled only to the Reduced Payments. If the Employee is to receive the Reduced Payments, the Employee shall...

Termination Payments. In the event Executive’s employment is terminated under this Agreement prior to the expiration of the Term pursuant to Section 3.3.1(b), Section 3.3.2(a), or Section 3.3.3, the Company shall pay to the Executive as severance pay and liquidated damages a lump sum amount equal to the product of the (a) Average Monthly Compensation multiplied by (b) Twenty-Four (24), which amount shall be in lieu of any other severance benefits that the Executive might otherwise have been entitled to under any other plan, practice, arrangement or agreement of the Company. In addition, for a period of twenty-four months following the effective date of the termination (the “Severance Period”), the Company may continue to provide to the Executive, to the extent practicable, the benefits described in Section 4.3; provided, however, that in lieu of providing health benefits, the Company shall pay the Executive an amount equal to the difference between (x) the cost of COBRA health continuation coverage that would be charged by the Company to a former employee and eligible dependents for the greater of the Severance Period or the period during which the Executive and his eligible dependents are entitled to COBRA health continuation coverage from the Company and (y) the amount for which the Executive would have been responsible to pay under the health benefit plans in effect for the Executive immediately prior to his termination. To the extent the Company determines that the continuation of any other benefits by the Company is not practicable, the Company shall pay the Executive an amount equal to what would have been the Company’s cost of providing the coverage for such benefits during the Severance Period to the Executive and his eligible dependents as if the coverage had continued. Notwithstanding the above provisions of this Section 3.4, the Company may elect to retain the Executive on the payroll of the Company or an Affiliate (with existing benefits continuing through standard payroll deduction) for all or any part of the Severance Period in lieu of the payment of a lump sum; provided that such election by the Company shall not reduce the total amount due to Executive by the Company pursuant to this Section 3.4. Notwithstanding any other provision of this Agreement to the contrary, if the aggregate of the payments provided for in this Agreement and the other payments and benefits which the Executive has the right to receive from the Company (the “Total Payments”) would constitu...

Termination Payments. The Executive shall be entitled to certain payments from the Company upon termination of his employment as follows:

Termination Payments. In the event of termination of the Executive’s employment during the Term, all compensation and benefits shall terminate, except as specifically provided in this Section 5. 5.1 Termination by the Company Other Than for Cause or by the Executive for Good Reason If during the Term the Company terminates the Executive’s employment other than for Cause or the Executive terminates the Executive’s employment for Good Reason, the Executive shall be entitled to: (a) receive payment of the following accrued obligations (the “Accrued Obligations”): (i) the Executive’s then current annual base salary through the Date of Termination to the extent not theretofore paid; (ii) any compensation previously deferred by the Executive (together with accrued interest or earnings thereon, if any); and (iii) any accrued vacation pay that would be payable under the Company’s standard policy, in each case to the extent not theretofore paid; (b) for nine (9) months after the Date of Termination or until the Executive qualifies for comparable medical and dental insurance benefits from another employer, whichever occurs first, the Company shall pay the Executive’s premiums for health insurance benefit continuation for the Executive and the Executive’s family members, if applicable, that the Company provides to the Executive under the provisions of the federal Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”), to the extent that the Company would have paid such premiums had the Executive remained employed by the Company (such continued payment is hereinafter referred to as “COBRA Continuation”); and (c) an amount as severance pay equal to seventy five percent (75%) of the Executive’s then current annual base salary for the fiscal year in which the Date of Termination occurs, subject to payment as set forth in Sections 5.5 and 5.9 hereof.