Company Termination Without Cause Sample Clauses

Company Termination Without Cause. The Parent Company may terminate Executive at any time without Cause, with or without prior notice. If (i) the Parent Company delivers a timely Non-Renewal Notice and Executive has not timely delivered a timely Non-Renewal Notice, (ii) Executive continues in employment with the Parent Company through the last day of the Term and (iii) the parties have not executed a written agreement applicable to Executive’s employment after the expiration of the Term, the Executive’s employment shall terminate on the last day of the Term (a “Company Non-Renewal Termination”).

Company Termination Without Cause or Under Section 8(c)(i) or (ii) or Termination for Good Reason or following a Change in Control. Subject to Section 11, in the event Employee's employment is terminated (i) by the Company (A) without Cause or (B) pursuant to Section 8(c)(i) or (ii), or (C) in the event of a Change in Control and Employee's employment is terminated by the company or a successor to the Company for any reason other than for Cause or pursuant to Section 8(c)(i) or (ii) within a period of twenty-four months after the closing of a Change in Control, and none of the circumstances described in Section 8(b) or 8(c)(iii) then exists, or (ii) by Employee for Good Reason pursuant to Section 8(d) and none of the circumstances described in Sections 8(b) or 8(c)(iii) then exist, then, in addition to all accrued compensation and all other accrued benefits through the effective date of such termination, and (in the case of Sections 8(c)(i) and (ii) only) any death or disability benefits, respectively, Employee shall be entitled to the following payments and benefits:

Company Termination Without Cause. If ▇▇▇▇▇▇▇'▇ employment with the --------------------------------- Company is terminated pursuant to Section 4.1(c) hereof or by the Company without Cause, the Company shall pay or provide, as the case may be, the following payments and benefits upon such termination: (a) The Company shall pay to ▇▇▇▇▇▇▇, if able to be paid in a lump sum, in a lump sum in cash within thirty days after the date of termination, and otherwise, in accordance with the terms of the relevant plan or applicable law, any Accrued Obligations at the date of termination. (b) The Company shall pay to ▇▇▇▇▇▇▇, as ▇▇▇▇▇▇▇▇▇ pay, the Base Salary payable to ▇▇▇▇▇▇▇ from the date of termination through the Employment Expiration Date, payable when and as the Company pays salary to its senior executives. (c) The Company shall pay to ▇▇▇▇▇▇▇, as ▇▇▇▇▇▇▇▇▇ pay, when and as the Company pays salary to its senior executives an amount equal to the product of (i) a fraction, the numerator of which is the Incentive Compensation earned by ▇▇▇▇▇▇▇ for the last full year of employment 1mmediately prior to termination, as determined in accordance with Section 2.2 hereof, and the denominator of which is 365 and (ii) the number of days from the date of termination through the Employment Expiration Date; provided, however, that the maximum -------- ------- amount that the Company shall pay to ▇▇▇▇▇▇▇ under this Section 5.4(c) is the product of (I) the amount referred to in clause (i) above and (II) 730. (d) Nothing contained in this Section 5.4 shall be deemed to limit in any way ▇▇▇▇▇▇▇'▇ and his spouse's right to receive the benefits referred to in Sections 3.1 and 3.2 hereof.

Company Termination Without Cause. The Company may terminate Executive's employment as Chairman and Chief Executive Officer of the Company, this Agreement and Executive's employment at any time, without cause and without prior notice. Upon any such termination, the Company shall engage Executive as a consultant for the Company pursuant to the terms of Section 6 below for a period of twenty-four (24) months following such termination.

Company Termination Without Cause. If the Company wishes to terminate Executive’s employment under this Agreement for a reason other than “Cause” (as defined in subsection g, below), or death or Disability (as defined in subsection e, above), the Company shall provide to Executive written notice of such intent at least ninety (90) days before the intended termination date. During the period from such written notice through the later of (i) the last day of the ninety (90) day notice period or (ii) the last day of the Company’s fiscal year beginning on July 3, 2011, Executive shall continue to be paid his base salary and other compensation required by Section 3, above; provided, however, that if Executive’s employment terminates before the end of such period, his right to continued salary and other compensation shall be subject to the Six-Month Delay Rule described in Section 7.c, below, and the provisions of Section 7.g (Cash in Lieu of Benefits), below. Executive shall continue to be eligible for annual incentive payments after the Company has provided notice of its intent to terminate Executive’s employment hereunder. Any annual incentive payments due shall be paid at the end of the performance period, at the time prescribed by the Incentive Plan, based on (and subject to) actual achievement of the applicable performance goals and pro-rated if Executive’s employment terminates before the end of the performance period.

Company Termination Without Cause. The Company may terminate this Agreement without Cause (as defined below) by providing the Executive at least five (5) business days advance written notice. Upon termination of this Agreement by the Company without Cause, the Executive shall be entitled to receive base salary until the fourth anniversary of the effective date of the Company's initial public offering.

Company Termination Without Cause. If the Company wishes to terminate Executive’s employment under this Agreement for a reason other than “Cause” (as defined in subsection g, below), or death or Disability (as defined in subsection e, above), the Company shall provide to Executive written notice of such intent at least ninety (90) days before the intended termination date. During the period from such written notice through the first anniversary of the date on which such written notice was provided, Executive shall continue to be paid his base salary and other compensation required by Section 3, above, each at a rate no less than the rate in effect immediately before the notice date; provided, however, that (i) Executive’s right to continued salary and other compensation shall be subject to the Six-Month Delay Rule described in Section 7.c, below, and the provisions of Section 7.g (Cash in Lieu of Benefits), below, and (ii) if Executive’s employment terminates before the first anniversary of his start date with the Company, the Company shall make the payments required by this subsection f within ten days after his termination date. Executive shall continue to be eligible for annual incentive payments after the Company has provided notice of its intent to terminate Executive’s employment hereunder. Any annual incentive payments due shall be paid at the end of the performance period, at the time prescribed by the Incentive Plan, based on (and subject to) actual achievement of the applicable performance goals and pro-rated if Executive’s employment terminates before the end of the performance period.

Company Termination Without Cause or Under Section 6(b)(i), (ii) or 6(c). Subject to Section 9, in the event the Employee’s employment is terminated by the Company (i) without Cause or (ii) pursuant to Section 6(b)(i) or (ii) and none of the circumstances described in Sections 6(b)(iii)-(iv) then exists, or (iii) is deemed terminated pursuant to Section 6(c) and none of the circumstances described in Sections 6(b)(iii)-(iv) then exists, then, in addition to all accrued compensation and all other accrued benefits through the effective date of such termination, and (in the case of Sections 6(b)(i) and (ii) only) any death or disability benefits, respectively, the Employee shall be entitled to the following payments and benefits:

Company Termination Without Cause. The Company may tell linate the employment of B▇▇▇▇ without Cause upon at least sixty (60) days prior written notice to B▇▇▇▇. B▇▇▇▇ shall continue to perform his normal duties during the notice period, provided that the Board shall have the right to release B▇▇▇▇ from such obligation and to accelerate the Termination Date.