Example ContractsClausesConsequences of Termination
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non-cancellable

Payments of Accrued Obligations upon all Terminations of Employment. Upon a termination of Executive’s employment for any reason, Executive (or Executive’s estate or legal representative, as applicable) shall be entitled to receive, within 30 days after Executive’s Date of Termination (or such earlier date as may be required by applicable law): # any portion of Executive’s Annual Base Salary earned through Executive’s Date of Termination not theretofore paid, # any expenses owed to Executive under [Section 3], # any accrued but unused paid time off owed to Executive, solely to the extent applicable under the Company’s paid time off policies; # any Annual Bonus earned but unpaid as of the Date of Termination, and # any amount arising from Executive’s participation in, or benefits under, any employee benefit plans, programs, or arrangements under [Section 3], which amounts shall be payable in accordance with the terms and conditions of such employee benefit plans, programs, or arrangements. Except as otherwise set forth in [Sections 6(b) and (c)])], the payments and benefits described in this [Section 6(a)] shall be the only payments and benefits payable in the event of Executive’s termination of employment for any reason.

In the event of termination by Lonza pursuant to [Section 14.2.1] or by Customer pursuant to [[Section 14.2.4 or 14.2.2]2]]2], Lonza shall be compensated for # Services rendered up to the date of termination, including in respect of any Product in-process; # all costs incurred through the date of termination, including Raw Materials costs and Raw Materials Fees for Raw Materials used or purchased for use in connection with the Project Plan; # all unreimbursed Capital Equipment and related decommissioning charges incurred pursuant to Clause 9; # all amounts in accordance with [Section 6], including any applicable Cancellation Fees for Services committed to be provided within the ​.

Consequences of Termination. Upon termination of the Term and this Agreement for any reason (except as provided in the following sentence), the Company shall have no further obligations to under this Agreement, other than the obligation to pay or provide with the following: # any rights with respect to the Awards as set forth in [Section 3(c)] based on the circumstances of ' termination of service, # any earned but unpaid portion of the Fee with respect to the period through the date of termination (pro-rated for any partial month), to be paid no later than the 30th day following the date of termination, # the obligation to pay any reimbursable business expenses incurred prior to the date of termination consistent with [Section 3(b)(iii)] hereof, and # the right to receive the COBRA Benefits. Upon termination of the Term and this Agreement by the Company without Cause, in addition to the Company's obligations to under the prior sentence, subject to ' continued compliance with [Sections 5 and 6]6] hereof, the Company shall # continue to provide with the benefits under [Section 3(b)] (other than those under [clause (iii)]) and the Health Benefits, in each case, through , and # as liquidated damages for such termination, shall be entitled to any unpaid portion of the Fee for the period from the date of termination through and including the Expiration Date, with such amount to be paid in a lump sum within 30 days of the date of termination.

Upon a termination of this Agreement # by Ovid pursuant to [Section 14.3], or # by Lundbeck pursuant to [Section 14.2]:

Termination in its Entirety. In the event of a termination of this Agreement in its entirety for any reason:

Tax Consequences. Participant acknowledges that there may be tax consequences related to the Option and/or disposition of the Shares, if any, received in connection therewith, and Participant should consult a tax adviser regarding Participant’s tax obligations prior to exercise of the Option or disposition of the Shares in the jurisdiction where Participant is subject to tax.

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Tax Consequences. It is intended by the Parties that the Merger shall constitute a reorganization within the meaning of Section 368 of the Code. The Parties adopt this Agreement as a “plan of reorganization” within the meaning of U.S. Income Tax Regulations Sections 1.368-2(g) and 1.368-3(a).

Tax Consequences. Some of the federal tax consequences relating to this Option, as of the date of this Option, are set forth below. THIS SUMMARY IS NECESSARILY INCOMPLETE, AND THE TAX LAWS AND REGULATIONS ARE SUBJECT TO CHANGE. THE GRANTEE SHOULD CONSULT A TAX ADVISOR BEFORE EXERCISING THIS OPTION OR DISPOSING OF THE SHARES.

Tax Consequences. GRANTEE UNDERSTANDS THAT GRANTEE MAY SUFFER ADVERSE TAX CONSEQUENCES AS A RESULT OF GRANTEE'S ACQUISITION OR DISPOSITION OF THE SHARES. GRANTEE REPRESENTS # THAT GRANTEE HAS CONSULTED WITH A TAX ADVISER THAT GRANTEE DEEMS ADVISABLE IN CONNECTION WITH THE ACQUISITION OR DISPOSITION OF THE SHARES AND # THAT GRANTEE IS NOT RELYING ON THE COMPANY FOR ANY TAX ADVICE.

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