Common use of By the Company for Cause Clause in Contracts

By the Company for Cause. The Company may terminate the Executive’s employment under this Agreement at any time for Cause (as defined in Section 4(e)) and shall provide written notice of termination to the Executive (which notice shall specify in reasonable detail the basis upon which such termination is made). Notwithstanding the foregoing, in no event, shall any termination of employment be deemed for Cause unless the Executive’s employment is terminated within 180 days of when the Company learns of the act or conduct that constitutes Cause and the Chief Executive Officer of the Company or the Board of Directors concludes that the situation warrants a determination that the Executive’s employment terminated for Cause. In the event the Executive’s employment is terminated for Cause, all provisions of this Agreement (other than Sections 5 through 15 hereof) and the Employment Term shall be terminated; provided, however, that such termination shall not divest the Executive of any previously vested benefit or right unless the terms of such vested benefit or right specifically require such divestiture where the Executive’s employment is terminated for Cause. In addition, the Executive shall be entitled to payment of the Executive’s earned and unpaid Base Salary to the date of termination. The Executive also shall be entitled to unreimbursed business and entertainment expenses in accordance with the Company’s policy, and unreimbursed medical, dental and other employee benefit expenses incurred in accordance with the Company’s employee benefit plans (the payments and benefits described in this subsection (a) hereinafter referred to as the “Standard Termination Payments”).

Appears in 10 contracts

Samples: Employment Agreement (Ntelos Holdings Corp), Employment Agreement (Ntelos Holdings Corp), Employment Agreement (Ntelos Holdings Corp)

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By the Company for Cause. The Company may terminate the Executive’s employment under this Agreement at any time for Cause (as defined in Section 4(e)) and shall provide written notice of termination to the Executive (which notice shall specify in reasonable detail the basis upon which such termination is made). Notwithstanding the foregoing, in no event, shall any termination of employment be deemed for Cause unless the Executive’s employment is terminated within 180 days of when the Company learns of the act or conduct that constitutes Cause and the Chief Executive Officer of the Company or the Board of Directors concludes that the situation warrants a determination that the Executive’s employment terminated for Cause. In the event the Executive’s employment is terminated for Cause, all provisions of this Agreement (other than Sections 5 through 15 hereof) and the Employment Term shall be terminated; provided, however, that such termination shall not divest the Executive of any previously vested benefit or right unless the terms of such vested benefit or right specifically require such divestiture where the Executive’s employment is terminated for Cause. In addition, the Executive shall be entitled to payment of the Executive’s earned and unpaid Base Salary to the date of terminationtermination payable as set forth above. The Executive also shall be entitled to unreimbursed business and entertainment expenses in accordance with the Company’s policypolicy (payable within 30 days of the date of termination), and unreimbursed medical, dental and other employee benefit expenses incurred in accordance with the Company’s employee benefit plans (the payments and benefits described in this subsection (a) hereinafter herein after referred to as the “Standard Termination Payments”).

Appears in 9 contracts

Samples: Employment Agreement (Ntelos Holdings Corp), Employment Agreement (Ntelos Holdings Corp), Employment Agreement (Ntelos Holdings Corp)

By the Company for Cause. The Company may terminate the Executive’s employment under this Agreement at any time for Cause (as defined in Section 4(e)) and shall provide written notice of termination to the Executive (which notice shall specify in reasonable detail the basis upon which such termination is made). Notwithstanding the foregoing, in no event, shall any termination of employment be deemed for Cause unless the Executive’s employment is terminated within 180 one hundred eighty (180) days of when the Company learns of the act or conduct that constitutes Cause and the Chief Executive Officer of the Company or the Board of Directors concludes that the situation warrants a determination that the Executive’s employment terminated for Cause. In the event the Executive’s employment is terminated for Cause, all provisions of this Agreement (other than Sections 5 through 15 hereof) and the Employment Term shall be terminated; provided, however, that such termination shall not divest the Executive of any previously vested benefit or right unless the terms of such vested benefit or right specifically require such divestiture where the Executive’s employment is terminated for Cause. In addition, the Executive shall be entitled to payment of the Executive’s earned and unpaid Base Salary to the date of terminationtermination payable as described above. The Executive also shall be entitled to unreimbursed business and entertainment expenses in accordance with and payable at the same time set forth in, the Company’s policypolicy (but no later than thirty (30) days after the date of termination), and unreimbursed medical, dental and other employee benefit expenses incurred payable in accordance with the Company’s applicable employee benefit plans (the payments and benefits described in this subsection (a) hereinafter herein after referred to as the “Standard Termination Payments”).

Appears in 6 contracts

Samples: Employment Agreement (Ntelos Holdings Corp), Employment Agreement (Ntelos Holdings Corp), Employment Agreement (Ntelos Holdings Corp)

By the Company for Cause. The Company may terminate the Executive’s employment under this Agreement at any time for Cause (as defined in Section 4(e4(f)(i)) and shall provide written notice of termination to the Executive (which notice shall specify in reasonable detail the basis upon which such termination is made). Notwithstanding the foregoing, in no event, shall any termination of employment be deemed for Cause unless the Executive’s employment is terminated within 180 one hundred eighty (180) days of when the Company learns of the act or conduct that constitutes Cause and the Chief Executive Officer of the Company or the Board of Directors concludes that the situation warrants a determination that the Executive’s employment may be terminated for Cause. In the event the Executive’s employment is terminated for Cause, all provisions of this Agreement (other than Sections 5 through 15 hereof) and the Employment Term shall be terminated; provided, however, that such termination shall not divest the Executive of any previously vested benefit or right unless the terms of such vested benefit or right specifically require such divestiture where the Executive’s employment is terminated for Cause. In addition, the Executive shall be entitled to payment of the Executive’s earned and unpaid Base Salary to the date of terminationtermination payable as described above. The Executive also shall be entitled to unreimbursed business and entertainment expenses in accordance with with, and payable at the same time set forth in, the Company’s policypolicy (but no later than thirty (30) days after the date of termination), and unreimbursed medical, dental and other employee benefit expenses incurred payable in accordance with the Company’s applicable employee benefit plans (the payments and benefits described in this subsection (a) hereinafter herein after referred to as the “Standard Termination Payments”).

Appears in 3 contracts

Samples: Employment Agreement (Lumos Networks Corp.), Employment Agreement (Lumos Networks Corp.), Employment Agreement (Lumos Networks Corp.)

By the Company for Cause. The Company may terminate the Executive’s employment under this Agreement at any time for Cause (as defined in Section 4(e4(e)(i)) and shall provide written notice of termination to the Executive (which notice shall specify in reasonable detail the basis upon which such termination is made). Notwithstanding the foregoing, in no event, shall any termination of employment be deemed for Cause unless the Executive’s employment is terminated within 180 one hundred eighty (180) days of when the Company learns of the act or conduct that constitutes Cause and the Chief Executive Officer of the Company or the Board of Directors concludes that the situation warrants a determination that the Executive’s employment may be terminated for Cause. In the event the Executive’s employment is terminated for Cause, all provisions of this Agreement (other than Sections 5 through 15 hereof) and the Employment Term shall be terminated; provided, however, that such termination shall not divest the Executive of any previously vested benefit or right unless the terms of such vested benefit or right specifically require such divestiture where the Executive’s employment is terminated for Cause. In addition, the Executive shall be entitled to payment of the Executive’s earned and unpaid Base Salary to the date of terminationtermination payable as described above. The Executive also shall be entitled to unreimbursed business and entertainment expenses in accordance with with, and payable at the same time set forth in, the Company’s policypolicy (but no later than thirty (30) days after the date of termination), and unreimbursed medical, dental and other employee benefit expenses incurred payable in accordance with the Company’s applicable employee benefit plans (the payments and benefits described in this subsection (a) hereinafter herein after referred to as the “Standard Termination Payments”).

Appears in 3 contracts

Samples: Employment Agreement (Lumos Networks Corp.), Employment Agreement (Lumos Networks Corp.), Employment Agreement (Lumos Networks Corp.)

By the Company for Cause. The Company may terminate the Executive’s employment under this Agreement at any time for Cause (as defined in Section 4(e)) and shall provide written notice of termination to the Executive (which notice shall specify in reasonable detail the basis upon which such termination is made). Notwithstanding the foregoing, in no event, shall any termination of employment be deemed for Cause unless the Executive’s employment is terminated within 180 one hundred eighty (180) days of when the Company learns of the act or conduct that constitutes Cause and the Chief Executive Officer of the Company or the Board of Directors concludes that the situation warrants a determination that the Executive’s employment terminated for Cause. In the event the Executive’s employment is terminated for Cause, all provisions of this Agreement (other than Sections 5 through 15 hereof) and the Employment Term shall be terminated; provided, however, that such termination shall not divest the Executive of any previously vested benefit or right unless the terms of such vested benefit or right specifically require such divestiture where the Executive’s employment is terminated for Cause. In addition, the Executive shall be entitled to payment of the Executive’s earned and unpaid Base Salary to the date of terminationtermination payable as described above. The Executive also shall be entitled to unreimbursed business and entertainment expenses in accordance with with, and payable at the same time set forth in, the Company’s policypolicy (but no later than thirty (30) days after the date of termination), and unreimbursed medical, dental and other employee benefit expenses incurred payable in accordance with the Company’s applicable employee benefit plans (the payments and benefits described in this subsection (a) hereinafter herein after referred to as the “Standard Termination Payments”).

Appears in 3 contracts

Samples: Employment Agreement (Ntelos Holdings Corp), Employment Agreement (Ntelos Holdings Corp), Employment Agreement (Ntelos Holdings Corp)

By the Company for Cause. The Company may terminate the Executive’s employment under this Agreement at any time for Cause (as defined in Section 4(e4(f)(i)) and shall provide written notice of termination to the Executive (which notice shall specify in reasonable detail the basis upon which such termination is made). Notwithstanding the foregoing, in no event, shall any termination of employment be deemed for Cause unless the Executive’s employment is terminated within 180 one hundred eighty (180) days of when the Company learns of the act or conduct that constitutes Cause and the Chief Executive Officer of the Company or the Board of Directors concludes that the situation warrants a determination that the Executive’s employment may be terminated for Cause. In the event the Executive’s employment is terminated for Cause, all provisions of this Agreement (other than Sections 5 through 15 hereof) and the Employment Term shall be terminated; provided, however, that such termination shall not divest the Executive of any previously vested benefit or right unless the terms of such vested benefit or right specifically require such divestiture where the Executive’s employment is terminated for Cause. In addition, the Executive shall be entitled to payment of the Executive’s earned and unpaid Base Salary to the date of terminationtermination payable as described above. The Executive also shall be entitled to unreimbursed business and entertainment expenses in accordance with with, and payable at the same time set forth in, the Company’s policypolicy (but no later than thirty (30) days after the date of termination), and unreimbursed medical, dental and other employee benefit expenses incurred payable in accordance with the Company’s applicable employee benefit plans (the payments and benefits described in this subsection (a) hereinafter herein after referred to as the “Standard Termination Payments”).

Appears in 3 contracts

Samples: Employment Agreement (Lumos Networks Corp.), Employment Agreement (Lumos Networks Corp.), Employment Agreement (Lumos Networks Corp.)

By the Company for Cause. The Company may terminate the Executive’s employment under this Agreement at any time for Cause (as defined in Section 4(e)) and shall provide written notice of termination to the Executive (which notice shall specify in reasonable detail the basis upon which such termination is made). Notwithstanding the foregoing, in no event, shall any termination of employment be deemed for Cause unless the Executive’s employment is terminated within 180 one hundred eighty (180) days of when the Company learns of the act or conduct that constitutes Cause and the Chief Executive Officer of the Company or the Board of Directors concludes that the situation warrants a determination that the Executive’s employment terminated for Cause. In the event the Executive’s employment is terminated for Cause, all provisions of this Agreement (other than Sections 5 through 15 hereof) and the Employment Term shall be terminated; provided, however, that such termination shall not divest the Executive of any previously vested benefit or right unless the terms of such vested benefit or right specifically require such divestiture where the Executive’s employment is terminated for Cause. In addition, the Executive shall be entitled to payment of the Executive’s earned and unpaid Base Salary to the date of terminationtermination payable as described above. The Executive also shall be entitled to unreimbursed business and entertainment expenses in accordance with with, and payable at the same time set forth in, the Company’s policypolicy (but no later than thirty (30) days after the date of termination), and unreimbursed medical, dental and other employee benefit expenses incurred payable in accordance with the Company’s applicable employee benefit plans (the payments and benefits described in this subsection (a) hereinafter herein after referred to as the “Standard Termination Payments”).

Appears in 2 contracts

Samples: Employment Agreement (Lumos Networks Corp.), Employment Agreement (Lumos Networks Corp.)

By the Company for Cause. The Company may terminate the Executive’s employment under this Agreement at any time for Cause (as defined in Section 4(e4(f)) and shall provide written notice of termination to the Executive (which notice shall specify in reasonable detail the basis upon which such termination is made). Notwithstanding the foregoing, in no event, shall any termination of employment be deemed for Cause unless the Executive’s employment is terminated within 180 days of when the Company learns of the act or conduct that constitutes Cause and the Chief Executive Officer of the Company or the Board of Directors concludes that the situation warrants a determination that the Executive’s employment terminated for Cause. In the event the Executive’s employment is terminated for Cause, all provisions of this Agreement (other than Sections 5 through 15 hereof) and the Employment Term shall be terminated; provided, however, that such termination shall not divest the Executive of any previously vested benefit or right unless the terms of such vested benefit or right specifically require such divestiture where the Executive’s employment is terminated for Cause. In addition, the Executive shall be entitled to payment of the Executive’s earned and unpaid Base Salary to the date of terminationtermination payable as set forth above. The Executive also shall be entitled to unreimbursed business and entertainment expenses in accordance with the Company’s policypolicy (payable within 30 days of the date of termination), and unreimbursed medical, dental and other employee benefit expenses incurred in accordance with the Company’s employee benefit plans (the payments and benefits described in this subsection (a) hereinafter herein after referred to as the “Standard Termination Payments”).

Appears in 1 contract

Samples: Employment Agreement (Ntelos Holdings Corp)

By the Company for Cause. The Company may terminate the Executive’s employment under this Agreement at any time for Cause (as defined in Section 4(e)) and shall provide written notice of termination to the Executive (which notice shall specify in reasonable detail the basis upon which such termination is made). Notwithstanding the foregoing, in no event, event shall any termination of employment be deemed for Cause unless the Executive’s employment is terminated within 180 one hundred eighty (180) days of when the Company learns of the act or conduct that constitutes Cause and the Chief Executive Officer of the Company or the Board of Directors concludes that the situation warrants a determination that the Executive’s employment terminated for Cause. In the event the Executive’s employment is terminated for Cause, all provisions of this Agreement (other than Sections 5 through 15 hereof) and the Employment Term shall be terminated; provided, however, that such termination shall not divest the Executive of any previously vested benefit or right unless the terms of such vested benefit or right specifically require such divestiture where the Executive’s employment is terminated for Cause. In addition, the Executive shall be entitled to payment of the Executive’s earned and unpaid Base Salary to the date of terminationtermination payable as described above. The Executive also shall be entitled to unreimbursed business and entertainment expenses in accordance with and payable at the same time set forth in, the Company’s policypolicy (but no later than thirty (30) days after the date of termination), and unreimbursed medical, dental and other employee benefit expenses incurred payable in accordance with the Company’s applicable employee benefit plans (the payments and benefits described in this subsection (a) hereinafter herein after referred to as the “Standard Termination Payments”).

Appears in 1 contract

Samples: Employment Agreement (Ntelos Holdings Corp)

By the Company for Cause. The Company may terminate the Executive’s 's employment under this Agreement at any time for Cause (as defined in Section 4(e)below) and shall provide by delivery of written notice of termination to the Executive (which notice shall specify in reasonable detail the basis upon which such termination is made). Notwithstanding made and the foregoing, in no event, shall any termination of employment be deemed for Cause unless the Executive’s employment is terminated within 180 days of when the Company learns specific provision(s) of the act or conduct that constitutes Cause Agreement upon which it relies, and further stating the Chief Executive Officer date, time and place of the Company special meeting of the Board or the Board of Directors concludes that of Donnkenny at which the situation warrants a determination that issue of Cause shall be addressed) at least ten days prior to the termination date set forth in such notice. No such termination shall become effective until the Executive’s employment terminated , after receipt of such notice, shall have been offered the opportunity to attend a meeting of the Board of Directors of the Company (or the Board of Directors of Donnkenny, whichever is applicable) at which a quorum is present (with the Executive's counsel present and participating, if desired by the Executive) regarding such termination notice and the allegations set forth therein and, based upon such meeting, such Board of Directors shall have elected to proceed with such termination. Except as provided for Cause. In in Section 21 below, in the event the Executive’s 's employment is terminated for Cause, all provisions of this Agreement (other than Sections 5 through 15 hereof) and the Employment Term shall be terminated; provided, however, that such termination shall not divest the Executive of any previously vested benefit or right unless the terms of such vested benefit or right specifically require such divestiture where the Executive’s employment is terminated for Causeright. In addition, the Executive shall be entitled only to payment of the Executive’s her earned and unpaid Base Salary to the date of termination. The Executive also shall be entitled to unreimbursed business , earned and entertainment expenses unpaid bonus for the prior fiscal year, additional salary payments in accordance with the Company’s policy, and unreimbursed medical, dental and other employee benefit expenses incurred in accordance with the Company’s employee benefit plans (the payments and benefits described in this subsection (a) hereinafter referred to as the “Standard Termination Payments”).lieu of the

Appears in 1 contract

Samples: Employment Agreement (Donnkenny Inc)

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By the Company for Cause. The Company may terminate the Executive’s employment under this Agreement at any time for Cause (as defined in Section 4(e4(e)(i)) and shall provide written notice of termination to the Executive (which notice shall specify in reasonable detail the basis upon which such termination is made). Notwithstanding the foregoing, in no event, shall any termination of employment be deemed for Cause unless the Executive’s employment is terminated within 180 one hundred eighty (180) days of when the Company learns of the act or conduct that constitutes Cause and the Chief Executive Officer of the Company or the Board of Directors concludes that the situation warrants a determination that the Executive’s employment may be terminated for Cause. In the event the Executive’s employment is terminated for Cause, all provisions of this Agreement (other than Sections 5 through 15 hereof) and the Employment Term shall be terminated; provided, however, that such termination shall not divest the Executive of any previously vested benefit or right unless the terms of such vested benefit or right specifically require such divestiture where the Executive’s employment is terminated for Cause. In addition, the Executive shall be entitled to payment of the Executive’s earned and unpaid Base Salary to the date of terminationtermination payable as described above. The Executive also shall be entitled to unreimbursed business and entertainment expenses in accordance with with, and payable at the same time set forth in, the Company’s policypolicy (but no later than thirty (30) days after the date of termination), and unreimbursed medical, dental and other employee benefit expenses incurred payable in accordance with the Company’s applicable employee benefit plans (the payments and benefits described in this subsection (a) hereinafter herein after referred to as the “Standard Termination Payments”).

Appears in 1 contract

Samples: Employment Agreement (Lumos Networks Corp.)

By the Company for Cause. The Company may terminate the Executive’s employment under this Agreement at any time for Cause (as defined in Section 4(e)) and shall provide written notice of termination to the Executive (which notice shall specify in reasonable detail the basis upon which such termination is made). Notwithstanding the foregoing, in no event, shall any termination of employment be deemed for Cause unless If the Executive’s employment is terminated within 180 days of when the Company learns of the act or conduct that constitutes Cause and the Chief Executive Officer of by the Company or Holdco for “Cause” (as hereinafter defined), then the Board Executive shall be entitled to only the payment of Directors concludes that the situation warrants Accrued Obligations, which shall be paid to the Executive in cash in a determination that lump sum within thirty (30) days of the Executive’s employment terminated for CauseDate of Termination (other than the amount described in clause (2) of the definition of Accrued Obligations, which shall be paid in accordance with Section 3(b)) and neither the Company nor Holdco shall have any further obligation under this Agreement, except as expressly provided herein. In For the event avoidance of doubt, if the Executive’s employment is terminated by the Company or Holdco for Cause, all provisions of this Agreement (other than Sections 5 through 15 hereof) and the Employment Term shall be terminated; provided, however, that such termination shall not divest or if the Executive of any previously vested benefit resigns at a time when the Executive’s acts or right unless the terms of such vested benefit or right specifically require such divestiture where omissions constituted grounds to terminate the Executive’s employment is terminated for Cause without regard to applicable cure rights, any Sign-On Options that are outstanding as of the Date of Termination, whether or not then vested, shall be forfeited automatically without consideration. For purposes of this Agreement, “Cause. In addition, ” shall mean (1) conviction of the Executive shall be entitled by a court of competent jurisdiction of a felony (excluding felonies under any state or local vehicle and traffic code); (2) any act of intentional fraud in connection with his duties under this Agreement; (3) any act of gross negligence or willful misconduct with respect to payment of the Executive’s earned duties under this Agreement and unpaid Base Salary (4) any act of willful disobedience in violation of specific reasonable directions of the Board or the CEO consistent with the Executive’s duties; provided, in the case of clause (3) or (4), that the Executive has not cured the circumstances giving rise to “Cause” within fifteen (15) days of the date the Company gives notice to the date Executive of termination. The Executive also shall be entitled its intent to unreimbursed business and entertainment expenses in accordance with the Company’s policy, and unreimbursed medical, dental and other employee benefit expenses incurred in accordance with the Company’s employee benefit plans (the payments and benefits described in this subsection (a) hereinafter referred to as the “Standard Termination Payments”)terminate his employment on such basis.

Appears in 1 contract

Samples: Employment Agreement (Party City Holdco Inc.)

By the Company for Cause. The Company may terminate the Executive’s employment under this Agreement at any time for Cause (as defined in Section 4(e)) and shall provide written notice of termination to the Executive (which notice shall specify in reasonable detail the basis upon which such termination is made). Notwithstanding the foregoing, in no event, event shall any termination of employment be deemed for Cause unless the Executive’s employment is terminated within 180 one hundred eighty (180) days of when the Company learns of the act or conduct that constitutes Cause and the Chief Executive Officer of the Company or the Board of Directors concludes that the situation warrants a determination that the Executive’s employment terminated for Cause. In the event the Executive’s employment is terminated for Cause, all provisions of this Agreement (other than Sections 5 through 15 14 hereof) and the Employment Term shall be terminated; provided, however, that such termination shall not divest the Executive of any previously vested benefit or right unless the terms of such vested benefit or right specifically require such divestiture where the Executive’s employment is terminated for Cause. In addition, the Executive shall be entitled to payment of the Executive’s earned and unpaid Base Salary to the date of terminationtermination payable as described above. The Executive also shall be entitled to unreimbursed business and entertainment expenses in accordance with with, and payable at the time set forth in, the Company’s policypolicy (but no later than thirty (30) days after the date of termination), and unreimbursed medical, dental and other employee benefit expenses incurred payable in accordance with the Company’s applicable employee benefit plans (the payments and benefits described in this subsection (a) hereinafter referred to as the “Standard Termination Payments”).

Appears in 1 contract

Samples: Employment Agreement (Ntelos Holdings Corp)

By the Company for Cause. The Company may terminate the Executive’s employment under this Agreement at any time for Cause (as defined in Section 4(e)) and shall provide written notice of termination to the Executive (which notice shall specify in reasonable detail the basis upon which such termination is made). Notwithstanding the foregoing, in no event, shall any termination of employment be deemed for Cause unless the Executive’s employment is terminated within 180 days of when the Company learns of the act or conduct that constitutes Cause and the Chief Executive Officer of the Company or the Board of Directors concludes that the situation warrants a determination that the Executive’s employment terminated for Cause. In the event the Executive’s employment is terminated for Cause, all provisions of this Agreement (other than Sections 5 through 15 hereof) and the Employment Term shall be terminated; provided, however, that such termination shall not divest the Executive of any previously vested benefit or right unless the terms of such vested benefit or right specifically require such divestiture where the Executive’s employment is terminated for Cause. In addition, the Executive shall be entitled to payment of the Executive’s earned and unpaid Base Salary to the date of terminationtermination payable as set forth above. The Executive also shall be entitled to unreimbursed business and entertainment expenses in accordance with the Company’s policypolicy (payable within 30 days of the date of termination), and unreimbursed medical, dental and other employee benefit expenses incurred in accordance with the Company’s employee benefit plans (the payments and benefits described in this subsection (a) hereinafter herein after referred to as the “Standard Termination Payments”).

Appears in 1 contract

Samples: Employment Agreement (Ntelos Holdings Corp)

By the Company for Cause. The Company may terminate the Executive’s 's ------------------------ employment under this Agreement at any time for Cause (as defined in Section 4(e4(f)) and shall provide by delivery of written notice of termination to the Executive (which notice shall specify in reasonable detail the basis upon which such termination is made)) at least ten days prior to the termination date set forth in such notice. Notwithstanding No such termination shall become effective until the foregoingExecutive, in no eventafter receipt of such notice, shall any termination have been offered the opportunity to attend a meeting of employment be deemed for Cause unless the Executive’s employment is terminated within 180 days of when the Company learns of the act or conduct that constitutes Cause and the Chief Executive Officer of the Company or the Board of Directors concludes that of the situation warrants Company at which a determination that quorum is present (with the Executive’s employment terminated for Cause's counsel present and participating, if desired by the Executive) regarding such termination notice and the allegations set forth therein and, based upon such meeting, the Board of Directors shall have elected to proceed with such termination. In the event the Executive’s 's employment is terminated for Cause, all provisions of this Agreement (other than Sections Paragraphs 5 through 15 10, and 12 through 14 hereof) and the Employment Term shall be terminated; provided, however, that such termination shall not divest the Executive of any previously vested benefit or right unless the terms of such vested benefit or right specifically require such divestiture where the Executive’s employment is terminated for Causeright. In addition, the Executive shall be entitled to payment of the Executive’s his earned and unpaid Base Salary to the date of terminationtermination and earned and unpaid Incentive Payments for the prior fiscal year. The Executive also shall be entitled to unreimbursed business and entertainment expenses in accordance with the Company’s 's policy, and unreimbursed medical, dental and other employee benefit expenses incurred in accordance with the Company’s 's employee benefit plans (the payments and benefits described in this subsection (a) hereinafter referred to as the "Standard Termination Payments").

Appears in 1 contract

Samples: Employment Agreement (Ntelos Inc)

By the Company for Cause. The Company may terminate the Executive’s 's employment under this Agreement at any time for Cause (as defined in Section 4(e)below) and shall provide by delivery of written notice of termination to the Executive (which notice shall specify in reasonable detail the basis upon which such termination is made). Notwithstanding made and the foregoing, in no event, shall any termination of employment be deemed for Cause unless the Executive’s employment is terminated within 180 days of when the Company learns specific provision(s) of the act or conduct that constitutes Cause Agreement upon which it relies, and further stating the Chief Executive Officer date, time and place of the Company special meeting of the Board or the Board of Directors concludes that of Donnkenny at which the situation warrants a determination that issue of Cause shall be addressed) at least ten days prior to the termination date set forth in such notice. No such termination shall become effective until the Executive’s employment terminated , after receipt of such notice, shall have been offered the opportunity to attend a meeting of the Board of Directors of the Company (or the Board of Directors of Donnkenny, whichever is applicable) at which a quorum is present (with the Executive's counsel present and participating, if desired by the Executive) regarding such termination notice and the allegations set forth therein and, based upon such meeting, such Board of Directors shall have elected to proceed with such termination. Except as provided for Cause. In in Section 22 below, in the event the Executive’s 's employment is terminated for Cause, all provisions of this Agreement (other than Sections 5 through 15 hereof) and the Employment Term shall be terminated; provided, however, that such termination shall not divest the Executive of any previously vested benefit or right unless the terms of such vested benefit or right specifically require such divestiture where the Executive’s employment is terminated for Causeright. In addition, the Executive shall be entitled only to payment of the Executive’s his earned and unpaid Base Salary to the date of termination. The Executive also shall be entitled to unreimbursed business , earned and entertainment expenses in accordance with unpaid bonus for the Company’s policy, and unreimbursed medical, dental and other employee benefit expenses incurred in accordance with the Company’s employee benefit plans (the payments and benefits described in this subsection (a) hereinafter referred to as the “Standard Termination Payments”).prior fiscal year,

Appears in 1 contract

Samples: Employment Agreement (Donnkenny Inc)

By the Company for Cause. The Company may terminate In the Executive’s employment under this Agreement at any time for Cause (as defined in Section 4(e)) and shall provide written notice of termination event that the Executive willfully breaches or habitually neglects the duties which he is required to perform pursuant to the Executive (which notice shall specify terms of this Agreement, breaches the covenants of Paragraph 4.1 hereof, or engages in reasonable detail the basis upon which such termination is made). Notwithstanding the foregoinga course of conduct which, in no event, shall any termination of employment be deemed for Cause unless the Executive’s employment is terminated within 180 days of when the Company learns sole reasonable judgment of the act or conduct that constitutes Cause and Board of Directors of the Chief Executive Officer Company, is damaging to the business reputation of the Company or causes or will tend to cause the Company to be held in disrepute, the Board of Directors concludes that of the situation warrants a determination that Company may, at its option, terminate this Agreement immediately by giving written notice of such termination to the Executive’s employment terminated for Cause. In , without prejudice to any other remedy or right to which the event the Executive’s employment is terminated for CauseCompany may be entitled at law, all provisions of in equity or pursuant to this Agreement (other than Sections 5 through 15 hereof"Termination for Cause"). In addition to Termination for Cause as heretofore provided, the Executive's employment hereunder may be terminated by the Company upon ninety (90) and days written notice given by the Employment Term shall be terminatedCompany to the Executive; provided, however, that in no event shall the employment of the Executive hereunder be terminated within the Initial Term hereof. In the event that the Executive's employment hereunder is terminated other than for cause or for disability or death as contemplated by Section 5.2 hereof during any renewal term hereof, the Company shall be obligated to pay to the Executive for the remainder of the then renewal term of this Agreement the amount of compensation payable to the Executive under Section 2.1 hereof as in effect as of the time of such notice, as well as any bonus compensation which has accrued hereunder. Additionally, in the event of such termination shall not divest the Executive of any previously vested benefit or right unless the terms of other than for cause and upon such vested benefit or right specifically require such divestiture where the Executive’s employment is terminated for Cause. In addition90 day notice, the Executive shall be entitled during the remaining renewal term of this Agreement to payment of receive such other benefits as have been provided by the Executive’s earned and unpaid Base Salary Company to the date Executive under Article III of termination. The Executive also shall be entitled this Agreement to unreimbursed business and entertainment expenses in accordance with the Company’s policy, and unreimbursed medical, dental and other employee benefit expenses incurred in accordance with the Company’s employee benefit plans (the payments and extent that such benefits described in this subsection (a) hereinafter referred to as the “Standard Termination Payments”)are applicable.

Appears in 1 contract

Samples: Employment Agreement (Life Investment Funding Enterprises Inc)

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