Example ContractsClausesCalculations and Payment Date Upon Early Termination
Calculations and Payment Date Upon Early Termination
Calculations and Payment Date Upon Early Termination contract clause examples

Termination Date. "Termination Date" means the date on which the Employee's employment with the Company is terminated.

Termination Date. For purposes of this Agreement, “Termination Date” means, in the case of the Executive’s death, the date of the Executive’s death, and in all other cases, the date specified in the Notice of Termination subject to the following:

Termination Date. [[Organization A:Organization]] date upon which Employee’s termination of employment with [[Organization A:Organization]] is effective is [[Organization A:Organization]]Termination Date.” For purposes of Sections 6.1 or 6.2 only, with respect to [[Organization A:Organization]] timing of [[Organization A:Organization]] Pre-CIC Severance Payments or [[Organization A:Organization]] Post-CIC Severance Payment (as applicable) and [[Organization A:Organization]] Pre-CIC Benefits Continuation Payments or [[Organization A:Organization]] Post-CIC Benefits Continuation Payments (as applicable), [[Organization A:Organization]] Termination Date means [[Organization A:Organization]] date on which a “separation from service” has occurred for purposes of Section 409A of [[Organization A:Organization]] Internal Revenue Code, as amended, and [[Organization A:Organization]] regulations and guidance thereunder ([[Organization A:Organization]]Code”).

Termination Date.Termination Date” shall mean the effective date of any notice of termination delivered by one party to the other hereunder.

Section # Late Payments by the Corporation. The amount of all or any portion of any Tax Benefit Payment, Early Termination Payment or other payment under this Agreement not made to the TRA Parties when due under the terms of this Agreement shall be payable together with any interest thereon, computed at the Default Rate and commencing from the date on which such Tax Benefit Payment, Early Termination Payment or other payment was due and payable.

Early Termination by Borrowers. Borrowers have the option, at any time upon ten days prior written notice to Agent, to repay all of the Obligations in full and terminate the Commitments. The foregoing notwithstanding, # Borrowers may rescind termination notices relative to proposed payments in full of the Obligations with the proceeds of third party Indebtedness if the closing for such issuance or incurrence does not happen on or before the date of the proposed termination (in which case, a new notice shall be required to be sent in connection with any subsequent termination), and # Borrowers may extend the date of termination at any time with the consent of Agent (which consent shall not be unreasonably withheld, conditioned or delayed).

Payment Upon Death. Within a reasonable period of time following the death of a Participant, the amount credited to the Participant's Deferred Compensation Account and the Shares credited to the Participant's Share Account shall be paid by the Company in a lump sum to the Participant's Beneficiary. For purposes of this [subsection 8.3], the amount credited to the Participant's Deferred Compensation Account and the number of Shares credited to the Participant's Share Account shall be determined as of the later of the date of death or the last Business Day of the month prior to the month in which the payment occurs.

Payment Upon Exercise. Common Stock purchased upon the exercise of an Option granted under the Plan shall be paid for as follows:

Until the date of Early Termination or the Termination Date, Abrams shall:

Termination Payment upon Change in Control. The Company shall pay the Employee a lump sum cash payment, no later than sixty (60) days after the Termination Date, in an amount equal to # two (2) times Employee's average annual cash compensation (including base salary and annual cash incentive awards, but excluding the award, exercise, vesting or settlement of stock options or other equity-based awards) for the three completed fiscal years (or lesser number of fiscal years if the Employee's employment has been of shorter duration) of the Company immediately preceding the Change in Control Termination, plus # the amount of the Employee's earned but unused vacation time.

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