Example ContractsClausesTermination; Payment of Accrued Base Salary
Termination; Payment of Accrued Base Salary
Termination; Payment of Accrued Base Salary contract clause examples

Termination; Payment of Accrued Base Salary. The Company may terminate Executive’s employment at any time for other than Cause or disability by providing written notice to Executive. The Executive may terminate his employment with Good Reason (defined below) pursuant to the procedures set forth in [Section 6(e)]. In such event (unless such termination would be covered by [Section 6(e)] below), the Company shall pay Executive as severance # subject to [Section 6(d)(ii)], an amount equal to 3 months of his then Base Salary, less standard withholdings for tax and social security purposes, payable over such 3 month term in monthly pro rata payments commencing as of the Termination Date (such monthly continued payments of Base Salary, the “Salary Continuation Benefit”); and # the Company will pay the premiums for continued coverage in the Company’s health and welfare plans under the continuation coverage provisions of COBRA for a period of 6 months following the Termination Date (or the cash equivalent of such amount).

Termination; Payment of Accrued Base Salary. The Company may terminate Executive’s employment at any time other than for Cause or disability by providing written notice to Executive. The Executive may terminate his employment with Good Reason (defined below) pursuant to the procedures set forth in [Section 6(d)(v)]. In either event (unless such termination would be covered by [Section 6(e)] below), and contingent upon Executive’s execution of a release in accordance with [Section 6(d)(vi)], the Company shall pay Executive as severance # subject to [Section 6(d)(ii)], an amount equal to 12 months of Executive’s then Base Salary, less standard withholdings for tax and social security purposes, payable over such 12 month term in bi-weekly pro rata payments on the Company’s regularly scheduled payroll dates following the Termination Date; # an amount equal to # any earned but unpaid bonus payable under the Company’s annual incentive plan and # a pro rata portion of Executive’s target bonus under the Company’s annual incentive plan based on the number of days worked within the applicable incentive program period during which the termination occurred; # the premiums for continued coverage in the Company’s health and welfare plans under the continuation coverage provisions of COBRA for a period of 12 months following the Termination Date (or the cash equivalent of such amount); and # the Guaranteed Payments set forth in [Section 6(a)(ii)].

Termination; Payment of Accrued Base Salary. The Company may terminate Executive’s employment at any time for Cause (defined below), immediately upon notice to Executive of the circumstances leading to such termination for Cause. In the event that Executive’s employment is terminated for Cause, Executive shall receive payment for all accrued Base Salary earned through the

Termination; Payment of Accrued Base Salary. The Company may terminate Executive’s employment at any time for other than Cause or disability by providing written notice to Executive. The Executive may terminate his employment with Good Reason (defined below) pursuant to the procedures set forth in Section 6(e). In such event (unless such termination would be covered by Section 6(e) below), the Company shall pay Executive as severance # subject to [Section 6(d)(ii)], an amount equal to 6 months of his then Base Salary, less standard withholdings for tax and social security purposes, payable over such 6 month term in monthly pro rata payments commencing as of the Termination Date (such monthly continued payments of Base Salary, the “Salary Continuation Benefit”); and # the Company will pay the premiums for continued coverage in the Company’s health and welfare plans under the continuation coverage provisions of COBRA for a period of 12 months following the Termination Date (or the cash equivalent of such amount).

Termination; Payment of Accrued Base Salary. The Company may terminate Executive’s employment at any time for Cause (defined below), immediately upon notice to Executive of the circumstances leading to such termination for Cause. In the event that Executive’s employment is terminated for Cause, Executive shall receive the Guaranteed Payments set forth in [Section 6(a)(ii)]. The Company shall have no further obligation to pay severance of any kind whether under this Agreement or otherwise nor to make any payment in lieu of giving notice of such termination.

Termination; Payment of Accrued Salary. The Board may terminate Executive’s employment with the Company at any time for Cause, immediately upon notice to Executive of the circumstances leading to such termination for Cause. In the event that Executive’s employment is terminated for Cause, Executive shall receive payment for all accrued Base Salary earned through the Termination Date, which in this event shall be the date upon which notice of termination is given. The Company shall have no further obligation to pay severance of any kind whether under this Agreement or otherwise nor to make any payment in lieu of giving notice of such termination.

Termination; Payment of Accrued Base Salary. The Company may terminate Executive’s employment at any time other than for Cause or disability by providing written notice to Executive. The Executive may terminate his employment with Good Reason (defined below) pursuant to the procedures set forth in [Section 6(d)(v)]. In either event (unless such termination would be covered by [Section 6(e)] below), and contingent upon Executive’s execution of a release in accordance with [Section 6(d)(vi)], the Company shall pay Executive as severance # subject to [Section 6(d)(ii)], an amount equal to 12 months of Executive’s then Base Salary, less standard withholdings for tax and social security purposes, payable over such 12 month term in bi-weekly pro rata payments on the Company’s regularly scheduled payroll dates following the Termination Date; # an amount equal to # any earned but unpaid bonus payable under the Company’s annual incentive plan and # a pro rata portion of Executive’s target bonus under the Company’s annual incentive plan based on the number of days worked within the applicable incentive program period during which the termination occurred; # the premiums for continued coverage in the Company’s health and welfare plans under the continuation coverage provisions of COBRA for a period of 12 months following the Termination Date (or the cash equivalent of such amount); and # the Guaranteed Payments set forth in [Section 6(a)(ii)].

Termination; Payment of Accrued Base Salary. The Company may terminate Executive’s employment at any time for Cause (defined below), immediately upon notice to Executive of the circumstances leading to such termination for Cause. In the event that Executive’s employment is terminated for Cause, Executive shall receive payment for all accrued Base Salary earned through the Termination Date, which in this event shall be the date upon which notice of termination is given. The Company shall have no further obligation to pay severance of any kind whether under this Agreement or otherwise nor to make any payment in lieu of giving notice of such termination.

Termination; Payment of Accrued Base Salary. The Company may terminate Executive’s employment at any time for Cause (defined below), immediately upon notice to Executive of the circumstances leading to such termination for Cause. In the event that Executive’s employment is terminated for Cause, Executive shall receive the Guaranteed Payments set forth in [Section 6(a)(ii)]. The Company shall have no further obligation to pay severance of any kind whether under this Agreement or otherwise nor to make any payment in lieu of giving notice of such termination.

Termination; Payment of Accrued Salary. The Company may terminate Executive’s employment at any time for other than Cause or disability by providing written notice to Executive. The Executive may terminate his employment with Good Reason (as defined below) pursuant to the procedures set forth in Section 6(e). In either such event (unless such termination would be covered by Section 6(e) below), the Company shall pay Executive as severance # subject to Section 6(d)(ii), an amount equal to twelve (12) months of his then Base Salary, less standard withholdings for tax and social security purposes, payable over such twelve (12) month term in monthly pro rata payments commencing as of the Termination Date (such monthly continued payments of Base Salary, the “Salary Continuation Benefit”); # an amount equal to a pro rata portion of his target bonus under the Company’s Board-approved annual incentive plan based on the number of days worked in the year of termination; provided, however, that any such payment will be made within the sole, but reasonable, discretion of the Board, but only to the extent that other senior executives who did not terminate employment, receive bonus payments; and if the Board so authorizes such pro rata bonus payment, then the payment to the Executive would be made at the same time that bonus payments are made to other such senior executives; and # the Company will pay the premiums for continued coverage in the Company’s health and welfare plans under the continuation coverage provisions of COBRA for a period of twelve (12) months following the Termination Date (or the cash equivalent of such amount).

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