Common use of By the Company for Cause or by the Executive Without Good Reason Clause in Contracts

By the Company for Cause or by the Executive Without Good Reason. In the event that the Executive’s employment is terminated by the Company for Cause or by the Executive without Good Reason, the Company shall pay the Executive his Base Salary, Incentive Bonus, expense reimbursements and all other compensation related payments that are payable as of his termination of employment date and that are related to his period of employment preceding his termination date. The Executive shall be entitled to exercise his vested stock options, determined as of his termination date, pursuant to the terms of the option grant. All unvested options and unvested restricted Common Shares shall be forfeited on his termination date.

Appears in 6 contracts

Samples: Employment Agreement (Spirit Finance Corp), Employment Agreement (Spirit Finance Corp), Employment Agreement (Spirit Finance Corp)

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By the Company for Cause or by the Executive Without Good Reason. In the event that the Executive’s 's employment is terminated by the Company for Cause or by the Executive without Good Reason, the Company shall pay the Executive his Base Salary, Incentive Bonus, expense reimbursements and all other compensation related payments that are payable as of his termination of employment date and that are related to his period of employment preceding his termination date. The Executive shall be entitled to exercise his vested stock options, determined as of his termination date, pursuant to the terms of the option grant. All unvested options and unvested restricted Common Shares shall be forfeited on his termination date.

Appears in 6 contracts

Samples: Employment Agreement (Spirit Finance Corp), Employment Agreement (Spirit Finance Corp), Employment Agreement (Spirit Finance Corp)

By the Company for Cause or by the Executive Without Good Reason. In the event that the Executive’s 's employment is terminated by the Company for Cause or by the Executive without Good Reason, the Company shall pay the Executive his Base Salary, Incentive Bonus, expense reimbursements and all other compensation related payments that are payable as of his termination of employment date and that are related to his period of employment preceding his termination date. The Executive shall be entitled to exercise his vested stock options, determined as of his termination date, pursuant to the terms of the option grant. All unvested options and unvested restricted Common Shares shall be forfeited on his termination date. The Executive shall also be entitled to all benefits accrued and vested under any employee benefit plan of the Company.

Appears in 1 contract

Samples: Employment Agreement (American Financial Realty Trust)

By the Company for Cause or by the Executive Without Good Reason. In the event that the Executive’s employment is terminated by the Company for Cause or by the Executive without Good Reason, the Company shall pay the Executive his her Base Salary, Incentive Bonus, expense reimbursements and all other compensation related payments that are payable as of his her termination of employment date and that are related to his her period of employment preceding his her termination date. The Executive shall be entitled to exercise his her vested stock options, determined as of his her termination date, pursuant to the terms of the option grant. All unvested options and unvested restricted Common Shares shall be forfeited on his her termination date.

Appears in 1 contract

Samples: Employment Agreement (Spirit Finance Corp)

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By the Company for Cause or by the Executive Without Good Reason. In the event that the Executive’s 's employment is terminated by the Company for Cause or by the Executive without Good Reason, the Company shall pay the Executive his her Base Salary, Incentive Bonus, expense reimbursements and all other compensation related payments that are payable as of his her termination of employment date and that are related to his her period of employment preceding his her termination date. The Executive shall be entitled to exercise his her vested stock options, determined as of his her termination date, pursuant to the terms of the option grant. All unvested options and unvested restricted Common Shares shall be forfeited on his her termination date.

Appears in 1 contract

Samples: Employment Agreement (Spirit Finance Corp)

By the Company for Cause or by the Executive Without Good Reason. In the event that the Executive’s 's employment is terminated by the Company for Cause or by the Executive without Good Reason, the Company shall pay the Executive his Base Salary, Incentive Bonus, expense reimbursements and all other compensation related payments that are payable as of his termination of employment date and that are related to his period of employment preceding his termination date. The Executive shall be entitled to exercise his vested stock options, determined as of his termination date, pursuant to the terms of the option grant. All unvested options and unvested restricted Common Shares shall be forfeited on his termination date.

Appears in 1 contract

Samples: Employment Agreement (American Financial Realty Trust)

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