Example ContractsClausesDisposition of Stock in Event of Termination
Disposition of Stock in Event of Termination
Disposition of Stock in Event of Termination contract clause examples

Damages in the Event of Termination. Upon termination of this Lease, Landlord, at its option, may elect to receive as damages the sum of: # the amount of the unpaid Rent owed by Tenant under this Lease as of the date of termination; # the Worth of the unpaid Rent that would have been owed by Tenant under the Lease for the balance of the Lease Term after the date of termination minus the Worth of the then-present fair rental value of the Premises for the balance of the Lease Term after termination; and # all reasonable costs directly or indirectly incurred by Landlord relating to Tenant’s default and Landlord’s repossession of the Premises, including, but not limited to: reasonable attorneys’ fees and legal costs; collection costs; interest at the Default Rate of Interest; repairs necessary to put the Premises in the condition required hereunder; the unamortized balance of any Tenant Allowance paid to Tenant and the brokerage commissions incurred by Landlord related to the execution of this Lease prorated on a straight line basis plus interest at the Default Rate of Interest over the Term; and the unamortized portion of any abated/credited Rent prorated on a straight line basis over the Term plus interest at the Default Rate of Interest. Landlord shall be entitled to recover damages under this subsection in addition to the damages collected in the event of reentry to the extent such damages do not duplicate Landlord’s recovery, and all such recoveries shall be subject to the limitation of damages set forth herein. Tenant’s obligations under this subsection shall survive the expiration or earlier termination of this Lease. Landlord shall have no affirmative obligation to mitigate its damages in the event of any default by Tenant.

Compensation in Event of Termination. The Company and Executive acknowledge that Executive’s employment is and shall continue to be at-will, as defined under applicable law, and that Executive’s employment with the Company may be terminated by either party at any time for any or no reason, with or without notice. If Executive’s employment terminates for any reason, Executive shall not be entitled to any payments, benefits, damages, awards or compensation other than as provided in this Agreement. Executive’s employment under this Agreement shall be terminated immediately on the death of Executive. Upon termination of Executive's employment for any reason, the Company shall have no further obligation to Executive except to pay the amounts set forth in this Section 8.

Compensation in Event of Termination. The Company and Executive acknowledge that Executive’s employment is and shall continue to be at-will, as defined under applicable law, and that Executive’s employment with the Company may be terminated by either party at any time for any or no reason, with or without notice. If Executive’s employment terminates for any reason, Executive shall not be entitled to any payments, benefits, damages, awards or compensation other than as provided in this Agreement. Executive’s employment under this Agreement shall be terminated immediately on the death of Executive. Upon termination of Executive’s employment for any reason, the Company shall have no further obligation to Executive except to pay the amounts set forth in this Section 8.

Disposition of Stock in Event of Termination. In the event Executive’s employment is terminated pursuant to this [Section 4, ALJJ] agrees to use its reasonable efforts to assist the Executive in the disposition of Executive’s holdings of the common stock of ALJJ, including, but not limited to, facilitating block trades and authorizing the removal of restrictive legends; provided, however, that in no event shall ALJJ be obligated to purchase any of Executive’s holdings of the common stock of ALJJ.

Compensation in Event of Termination. The Company and Executive acknowledge that Executive’s employment is and shall continue to be at-will, as defined under applicable law, and that Executive’s employment with the Company may be terminated by either party at any time for any or no reason, with or without notice. If Executive’s employment terminates for any reason, Executive shall not be entitled to any payments, benefits, damages, awards or compensation other than as provided in this Agreement. Executive’s employment under this Agreement shall be terminated immediately on the death of Executive. Upon termination of Executive’s employment for any reason, the Company shall have no further obligation to Executive except to pay the amounts set forth in this Section 8.

Disposition of Stock in Event of Termination. In the event Executive’s employment is terminated pursuant to this [Section 4, ALJJ] agrees to use its reasonable efforts to assist the Executive in the disposition of Executive’s holdings of the common stock of ALJJ, including, but not limited to, facilitating block trades and authorizing the removal of restrictive legends; provided, however, that in no event shall ALJJ be obligated to purchase any of Executive’s holdings of the common stock of ALJJ.

Termination in the Event of Disability. In the event of the incapacity of the Executive, by reason of mental or physical disability to perform his material duties hereunder, for a period of 120 consecutive days or 180 non-consecutive days during any twelve (12) month period, as reasonably determined by the Board or as certified by a qualified physician selected by the Board (collectively, “Disability”), the Company may terminate the Executive’s Employment effective upon written notice to the Executive. Prior to the termination of Executive’s Employment pursuant to this Section 5.2, during any period that the Executive fails to perform his full-time duties with the Company as a result of incapacity due to physical or mental illness, he shall continue to receive his Base Salary, annual bonus and other benefits provided hereunder, less the amount of any disability benefits received by the Executive during such period under any disability plan or program sponsored by the Company.

Compensation in Event of Termination. The Company and Executive acknowledge that Executive’s employment is and shall continue to be at-will, as defined under applicable law, and that Executive’s employment with the Company may be terminated by either party at any time for any or no reason, with or without notice. If Executive’s employment terminates for any reason, Executive shall not be entitled to any payments, benefits, damages, awards or compensation other than as provided in this Agreement. Executive’s employment under this Agreement shall be terminated immediately on the death of Executive. Upon termination of Executive's employment for any reason, the Company shall have no further obligation to Executive except to pay the amounts set forth in this Section 8.

Compensation in Event of Termination. The Company and Executive acknowledge that Executive’s employment is and shall continue to be at-will, as defined under applicable law, and that Executive’s employment with the Company may be terminated by either party at any time for any or no reason, with or without notice. If Executive’s employment terminates for any reason, Executive shall not be entitled to any payments, benefits, damages, awards or compensation other than as provided in this Agreement. Executive’s employment under this Agreement shall be terminated immediately on the death of Executive. Upon termination of Executive's employment for any reason, the Company shall have no further obligation to Executive except to pay the amounts set forth in this Section 8.

. In the event Executive’s employment is terminated pursuant to this [Section 4, ALJJ] agrees to use its reasonable efforts to assist the Executive in the disposition of Executive’s holdings of the common stock of ALJJ, including, but not limited to, facilitating block trades and authorizing the removal of restrictive legends; provided, however, that in no event shall ALJJ be obligated to purchase any of Executive’s holdings of the common stock of ALJJ.

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