Without Justifiable Cause Sample Clauses

Without Justifiable Cause. Upon thirty (30) days' prior written notice to Executive, for any reason which would not constitute Justifiable Cause (as hereinafter defined) for such termination. If the Company terminates this Agreement without "Justifiable Cause", the Company shall pay Executive, within thirty (30) days of termination, the greater of: (i) the Base Salary for the remainder of the initial two-year Term or (ii) an amount equal to eight (8) months of Executive's Base Salary in effect at that time. However, if Executive is employed or retained, as an employee, independent contractor, consultant or in any other capacity ("New Employment"), the Company is entitled to a credit or shall be entitled to recover from Executive all sums paid or earned by Executive during this period of time. The Executive must make a good faith effort to find New Employment suitable to, and consistent with, his training, skills, experience and level and mitigate the amount of money to be paid by the Company to Executive under this subsection. or
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Without Justifiable Cause. In the event the Company terminates this Agreement without justifiable cause (as defined in Section 4.b. hereof), the parties hereto agree that damages to the Executive shall be difficult to ascertain in any such event, but in order to limit the liability of the Company the Executive shall be entitled to receive as liquidated damages and not as penalty in any such event the following: (i) the amount of the base salary (excluding bonus) of the Executive remaining due and payable from any such date of termination for a period of twelve (12) months, which amount shall be accelerated and immediately due upon any such termination; (ii) subject to limitations imposed under the applicable option and incentive plans and grants thereunder, any outstanding stock, incentive stock options or equivalents that would have vested in the ordinary course of events until termination plus an additional three months after the date of termination shall be accelerated and vest immediately upon such termination; (iii) any bonus accrued to date pro rata over the course of the year; (iv) all other benefits accruing to the Executive on or prior to the expiration date of this Agreement as provided hereunder.
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Related to Without Justifiable Cause

  • Without Just Cause The Company may, by written notice to the Employee, immediately terminate his employment at any time, resulting in a Separation from Service, for a reason other than Just Cause, in which event the Employee shall be entitled to receive the following compensation and benefits (unless such Separation from Service occurs within the time period set forth in subsection 10(a) hereof, in which event the benefits and compensation provided for in Section 10 shall apply):

  • Without Good Reason Upon thirty (30) days’ prior written notice by the Employee to the Company of the Employee’s voluntary termination of employment without Good Reason (which the Company may, in its sole discretion, make effective earlier than any notice date).

  • Without Cause or With Good Reason i. In addition to termination pursuant to Sections 10(a) through 10(e), the Board may, by written notice to Executive, immediately terminate his employment at any time for a reason other than Cause (a termination “Without Cause”) and Executive may, by written notice to the Board, immediately terminate this Agreement at any time within ninety (90) days following an event constituting “Good Reason,” as defined below (a termination “With Good Reason”).

  • Termination Without Good Cause If Executive's employment is terminated by the Company without Good Cause, the following provisions shall apply:

  • With Cause or Without Good Reason If the Executive’s employment shall be terminated by the Company for Cause, or if the Executive terminates employment hereunder without Good Reason, the Company shall pay the Executive’s Base Salary, accrued but unpaid business expenses and accrued and unused vacation benefits earned through the date of termination at the rate in effect at the time of termination, less standard deductions and withholdings.

  • Without Cause; Good Reason (i) The Company may terminate the Executive’s employment hereunder without Cause, by giving written Notice of Termination (as defined in Section 5(e)) to the Executive.

  • Termination Without Cause or With Good Reason If the Executive’s employment is terminated (A) by the Company without Cause, or (B) by the Executive with Good Reason, the Company shall pay (unless otherwise noted, in the normal course) to the Executive or provide the following amounts or benefits:

  • Termination Without Good Reason Executive shall have the right to terminate the Period of Employment and Executive’s employment hereunder at any time without Good Reason (as defined below) upon thirty (30) days prior written notice of such termination to the Company. Any such termination by the Executive without Good Reason shall be treated for all purposes of this Agreement as a termination by the Company for Cause and the provisions of Section 7(a) shall apply.

  • Termination Without Just Cause In the case of a termination of Executive’s employment hereunder Without Just Cause in accordance with Section 1.6.6, Executive shall be entitled to the following in lieu of any other compensation or benefits (under Section 1.4 of this Agreement or otherwise) from Employer:

  • By the Company for Cause or by the Executive Without Good Reason If: (i) the Company terminates the Executive’s employment with the Company for “Cause” (as defined below); or (ii) the Executive voluntarily terminates the Executive’s employment without “Good Reason” (as defined below), the Executive shall be entitled to receive the following:

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