Obligations of the Company upon Termination Contract Clauses (433)

Grouped Into 2 Collections of Similar Clauses From Business Contracts

This page contains Obligations of the Company upon Termination clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Obligations of the Company upon Termination. Upon any termination of the Executive's employment during or upon completion of the Transition Period, the Company shall pay or provide to the Executive the following: (a) a lump sum cash payment consisting of the Executive's base salary through the Date of Termination to the extent not yet paid; and (b) to the extent not theretofore paid or provided, the Company shall timely pay or provide to the Executive any other amounts or benefits required to be paid or provided or which the Executive is e...ligible to receive under any plan, program, policy, or practice or contract or agreement of the Company and its affiliates through the Date of Termination (including, without limitation, any equity or incentive compensation plan), and shall pay such unreimbursed expenses incurred through the Date of Termination as are subject to reimbursement pursuant to Section ‎4(f). View More
Found in National Bank Holdings Corporation contract
Obligations of the Company upon Termination. Upon any termination of the Executive's employment during or upon completion of the Transition Period, the Company shall pay or provide to the Executive the following: (a) a lump sum cash payment consisting of the Executive's base salary through the Date of Termination to the extent not yet paid; and (b) to the extent not theretofore paid or provided, the Company shall timely pay or provide to the Executive any other amounts or benefits required to be paid or provided or which the Executive is e...ligible to receive under any plan, program, policy, or practice or contract or agreement of the Company and its affiliates through the Date of Termination (including, without limitation, any equity or incentive compensation plan), and shall pay such unreimbursed expenses incurred through the Date of Termination as are subject to reimbursement pursuant to Section ‎4(f). -3- 7. Change in Control. Upon the occurrence of a Change in Control during the Transition Period and subject to the Executive's continued employment through such Change in Control, the Company shall, subject to immediately following sentence, pay to the Executive a lump sum cash payment equal to $500,000 (the "CIC Payment"), which amount shall be paid to the Executive within 30 days following the Change in Control. The Company's obligation to pay the CIC Payment is conditioned on the Executive's execution, delivery to the Company, and non-revocation of a general release of claims in favor of the Company and its affiliates in substantially the form attached as Exhibit A to the Employment Agreement in the time period specified therein. For purposes of this Agreement, "Change in Control" has the meaning set forth in the Employment Agreement. View More
Found in National Bank Holdings Corporation contract
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Obligations of the Company upon Termination. Upon the termination of Executive's employment for any reason or no reason, with or without Cause, he shall be entitled to his accrued but unpaid vacation and Annual Base Salary through the Date of Termination; any benefits mandated under the Consolidated Omnibus Budget Reconciliation Act of 1985 ("COBRA") or required under the terms of any death, insurance, or retirement plan, program, or agreement provided by the Company to which Executive is a party or in which Executive is a participant, inc...luding, but not limited to, any short-term or long-term disability plan or program, if applicable (collectively, the salary and benefits described in the preceding sentence shall be referred to herein as the "Accrued Benefits"). (i)Termination by the Company for Cause and Termination by Executive Other Than for Good Reason. If Executive's employment is terminated during the Employment Term by (x) the Company for Cause, or (y) Executive for any reason other than Good Reason, then Executive shall not be entitled to receive any of the compensation set forth in Section 8 or 9, and shall only be entitled to the Accrued Benefits. (ii)Termination due to Disability. If Executive's employment is terminated during the Employment Term due to Executive's Disability, then Executive shall not be entitled to receive any of the compensation set forth in Sections 8 or 9, and shall only be entitled to the Accrued Benefits. View More
Found in Green Energy Management Services Holdings, Inc. contract
Obligations of the Company upon Termination. Upon the termination of Executive's employment for any reason or no reason, with or without Cause, he shall be entitled to his accrued but unpaid vacation and Annual the Base Salary through the Date of Termination; any unpaid Annual Bonus for any year prior to the year in which Executive's employment terminates; any benefits mandated under the Consolidated Omnibus Budget Reconciliation Act of 1985 ("COBRA") or required under the terms of any death, insurance, or retirement plan, program, or agre...ement provided by the Company to which Executive is a party or in which Executive is a participant, including, but not limited to, any short-term or long-term disability plan or program, if applicable (collectively, the salary and benefits described in the preceding sentence shall be referred to herein as the "Accrued Benefits"). (i)Termination a. Termination by the Company for a Reason Other than Cause. In addition to the Accrued Benefits, if Executive's employment is terminated during the Employment Term by the Company for a reason other than Cause, provided that Executive executes a full general release in a form satisfactory to the Company, and not revoked during the seven(7) days following delivery of such release, releasing all claims, known or unknown, that Executive may have against the Company, Neurotrope and their affiliates and such release has become effective in accordance with its terms prior to the sixtieth (60th) day following the Date of Termination, then Executive shall be entitled to payment by the Company in a lump sum of an amount equal to six (6) months of the Base Salary; such amount to be paid on the sixtieth (60th) day following the Date of Termination (the "Severance"). The Severance shall be contingent upon Executive's compliance with Sections 12, 14 and 15. For the avoidance of doubt, notwithstanding anything in this Section 11(a) to the contrary, if Executive's employment is terminated for any reason set forth in Section 11(b), below, then Executive shall not be entitled to receive the Severance. b. Termination by Non-Renewal, Termination by the Company for Cause or by Reason of Death or Disability and Termination by Executive Other Than for Good Reason. Executive. If Executive's employment is terminated during the Employment Term (x) by (x) Non- Renewal; (y) by the Company for Cause, Cause or (y) due to Executive's death or Disability; or (z) by Executive for any reason other than Good Reason, reason, then Executive shall not be entitled to receive any of the compensation set forth in Section 8 or 9, Severance, and shall only be entitled to the Accrued Benefits. (ii)Termination due In the event of Executive's death, all amounts payable to Disability. If Executive's employment is terminated during the Employment Term due Executive shall be payable to Executive's estate, and in the event of Executive's Disability, then all amounts payable to Executive shall not be entitled payable to receive any of the compensation set forth in Sections 8 Executive or 9, and shall only be entitled to the Accrued Benefits. Executive's legal representative. View More
Found in Neurotrope, Inc. contract
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