COMPENSATION UPON TERMINATION OTHER THAN FOR CAUSE Sample Clauses

COMPENSATION UPON TERMINATION OTHER THAN FOR CAUSE. If the Company shall terminate the Executive’s employment for any reason other than pursuant to Sections 8(b), (c) or (d), then the Company shall pay to the Executive, on the Termination Date, his total salary for the full term (five additional years) of his employment under this agreement, regardless of the remaining term of this agreement, and all Stock Options shall immediately and automatically vest on the Employment Termination Date without any further action by the Executive.
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COMPENSATION UPON TERMINATION OTHER THAN FOR CAUSE. (1) If the Company shall terminate the Executive's employment other than for Cause pursuant to Section 10(c) or (d), or if the Executive shall terminate his employment for Good Reason pursuant to Section 10(e)(1) (but not a termination voluntarily by the Executive other than for Good Reason under Section 10(e)(2)), then the Company shall pay to the Executive the following amounts:
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COMPENSATION UPON TERMINATION OTHER THAN FOR CAUSE. (1) If the Company shall terminate the Executive's employment other than pursuant to Sections IV.B. (Cause), IV.C. (Disability) or IV.D. (Retirement) hereof or if the Executive shall terminate his employment for Good Reason pursuant to Section IV.E. hereof, then the Company shall pay to the Executive the following amounts:
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COMPENSATION UPON TERMINATION OTHER THAN FOR CAUSE. If Executive's employment is terminated other than for Cause or Disability, then unless such termination occurs simultaneous with or within two years following a Change in Control, Executive shall be entitled to the compensation Executive would have been entitled to under this Agreement as and when payable hereunder for the remainder of the Term.
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COMPENSATION UPON TERMINATION OTHER THAN FOR CAUSE. (1) If the Company terminates the Executive's employment for any reason other than for Cause, as set forth in Section 11(b) herein, Disability, as set forth in Section 11(c) herein, or Death, as set forth in Section 11(d) herein, Insolvency, as set forth in Section 11(e) herein, or if the Executive terminates his employment for Good Reason, as set forth in Section 11(f)(1) herein (but not a termination voluntarily by the Executive other than for Good Reason, as set forth in Section 11(f)(2) herein), then the Company shall pay to the Executive the following amounts:
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COMPENSATION UPON TERMINATION OTHER THAN FOR CAUSE. (1) If the Company shall terminate the Executive's employment for any reason other than pursuant to Sections 8(b), (c) or (d), then the Company shall, pay to the Executive his unpaid Salary through the remainder of the applicable term or extension term as the case may be and any accrued but unpaid bonus previously awarded by the Board of Directors at the same time such Salary or Bonus would have been paid had the Executive not been terminated.
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COMPENSATION UPON TERMINATION OTHER THAN FOR CAUSE. If Executive's employment is terminated other than for Cause or Disability or the Executive terminates employment pursuant to Section 7.3, Executive shall be entitled to the compensation Executive would have been entitled to under this Agreement as and when payable hereunder for the remainder of the Term, except that participation under the TCF Cash Balance Pension Plan, TCF Stockshare Plan, TCF Group Term Life Plan and TCF Disability Plan shall cease in accordance with the terms of those plans. If Executive's employment is terminated by TCF Illinois or TCF Financial for any reason other than for Cause, or Executive terminates employment pursuant to Section 7.3, then Executive shall be entitled to continuing coverage under the TCF Medical Plan, or other comparable medical coverage, for payment of the same premium as active TCF Illinois employees pay, until he becomes eligible for comparable coverage elsewhere or becomes eligible for Medicare, whichever comes first. Upon termination of Executive's employment by TCF Illinois or TCF Financial, regardless of whether for Cause, Disability or any other reason, or pursuant to Section 7.1, or upon termination of employment by Executive pursuant to Section 7.3 of the Agreement, Executive shall become fully vested in his Restricted Stock Grant. Upon Executive's termination of employment other than pursuant to Section 7.3, Executive's Restricted Stock Grant shall vest to the extent of the vesting percentage earned through the last January 1 preceding such termination of employment.
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COMPENSATION UPON TERMINATION OTHER THAN FOR CAUSE. If the Company shall terminate the Employee's employment for any reason other than pursuant to Sections 7(b), (c) or (d), then the Company shall pay to the Employee his unpaid Salary through the Employment Termination Date. In addition, if the Company terminates the Employee's employment under this paragraph before the third anniversary of the Effective Date, then the Employee will immediately be entitled to receive the Severance Payment as calculated in Section 2 hereof
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COMPENSATION UPON TERMINATION OTHER THAN FOR CAUSE. If the Employee's employment with the Corporation is terminated by the Corporation for any reason other than Cause at any time during the term of this Agreement, the Employee shall be entitled to receive for a period of twelve (12) calendar months following the Date of Termination (the "Severance Period"), the following:
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Related to COMPENSATION UPON TERMINATION OTHER THAN FOR CAUSE

  • Compensation Upon Termination Upon termination of Executive’s employment during the Employment Term, Executive shall be entitled to the following benefits:

  • Involuntary Termination Other Than for Cause If Executive's employment is terminated as a result of an Involuntary Termination other than for Cause, then the following severance benefits shall be paid or otherwise provided to Executive: (A) the Company shall pay to Executive in the form of a lump sum payment, in cash, a severance payment equal to the lesser of (I) three (3) times Executive's Base Salary or (II) Executive's Base Salary multiplied by the sum of (x) the number of years (or any portion thereof, calculated on a daily basis) remaining under this Agreement had Executive's employment not been terminated, plus (y) an additional one-half year, however, in no event shall such payment equal less than 100% of Executive's Base Salary, which shall be paid to Executive within ten (10) days after the date of termination; (B) until the earlier of (I) the date this Agreement would otherwise have terminated had Executive's employment not been terminated (the 'Remaining Term') or (II) the expiration of the three (3) year period measured from the date of Executive's termination of employment. The Company shall at its sole cost and expense provide Executive (and Executive's eligible dependents, if any) with life, disability, and medical insurance benefits substantially similar to those benefits that Executive (and Executive's dependents) were receiving immediately prior to Executive's termination of employment; provided, however, that the benefits otherwise receivable by Executive pursuant to this Section 9(a)(ii)(B) shall be reduced to the extent comparable benefits are concurrently received by Executive (or Executive's dependents) pursuant to a similar plan or program of another employer, and any such other benefits actually received by Executive (or Executive's dependents) must be reported to the Company; and provided further, however, that the insurance coverage provided by the Company pursuant to this Section 9(a)(ii)(B) shall be in lieu of any other continued coverage to which Executive or Executive's dependents would otherwise, at Executive's own expense, be entitled in accordance with the requirements of Internal Revenue Code of 1986, as amended ('Code'), Section 4980B ('COBRA'), by reason of Executive's termination of employment; (C) all stock options, warrants, rights and other Company stock-related awards granted to Executive by the Company that would otherwise have vested or become exercisable at any time in the future shall become fully vested and nonforfeitable upon the date of Executive's termination of employment, the Company's repurchase rights, if any, with respect to those vested shares shall immediately lapse, and each such stock option, to the extent vested, shall remain exercisable for the vested option shares until the expiration or sooner termination of the option term in accordance with the provisions of the agreement evidencing such option; and (D) the Company shall pay or reimburse Executive for any and all expenses incurred by Executive for outplacement services selected by the Executive and approved by the Company, which approval will not be unreasonably withheld, until the earlier of (I) the first anniversary of the date of termination of employment or (II) the date on which Executive commences employment with another employer.

  • Termination Other Than for Cause If the Employee ceases to be employed by the Company and all Related Corporations, other than by reason of death or disability as defined in Section 5 or termination for Cause as defined in Section 4(c), no further installments of this option shall become exercisable, and this option shall terminate on the earlier of (i) thirty (30) days after the date of termination of the Employee's employment, or (ii) the scheduled expiration date of this option. In such a case, the Employee's only rights hereunder shall be those which are properly exercised before the termination of this option.

  • SEVERANCE COMPENSATION IN THE EVENT OF A TERMINATION OTHER THAN FOR CAUSE In the event of a Termination Other Than for Cause, the Employee shall be paid as severance compensation his Base Salary (at the rate payable at the time of such termination) for a period of twelve (12) months from the date of such termination, on the dates specified in Section 3.1, and Employee shall also be paid an amount equal to the average annual bonus earned by the Employee as an employee of Avocent Corporation and its affiliates and predecessors in the two (2) years immediately preceding the date of termination. Notwithstanding anything in this Section 4.2 to the contrary, the Employee may in the Employee’s sole discretion, by delivery of a notice to the Employer within thirty (30) days following a Termination Other Than for Cause, elect to receive from the Employer a lump sum severance payment by bank cashier’s check equal to the present value of the flow of cash payments that would otherwise be paid to the Employee pursuant to this Section 4.2. Such present value shall be determined as of the date of delivery of the notice of election by the Employee and shall be based on a discount rate equal to the interest rate on 90-day U.S. Treasury bills, as reported in The Wall Street Journal (or similar publication), on the date of delivery of the election notice. If the Employee elects to receive a lump sum severance payment, Avocent Corporation shall cause the Employer to make such payment to the Employee within ten (10) days following the date on which the Employee notifies the Employer of the Employee’s election. The Employee shall also be entitled to have the vesting of any awards granted to the Employee under any AHC or Avocent stock option plans fully accelerated. The Employee shall be provided with medical plan benefits under any health plans of Avocent or Employer in which the Employee is a participant to the full extent of the Employee’s rights under such plans for a period of twelve (12) months from the date of such Termination Other Than for Cause (even if Employee elects to receive a lump sum severance payment).

  • Compensation Upon Termination of Employment If the Executive’s employment hereunder is terminated, in accordance with the provisions of Article III hereof, and except for any other rights or benefits specifically provided for herein to be effective following the Executive’s period of employment, the Company will provide compensation and benefits to the Executive only as follows:

  • Compensation Upon Termination or During Disability In the event Executive is disabled or his employment terminates during the Employment Period, the Company shall provide Executive with the payments and benefits set forth below. Executive acknowledges and agrees that the payments set forth in this Section 8 constitute liquidated damages for termination of his employment during the Employment Period.

  • Termination for Cause, or Termination Upon Death, Disability or Resignation from the Company Without Good Reason If Executive’s employment shall terminate as a result of Executive’s death pursuant to Section 3(a)(i) or Disability pursuant to Section 3(a)(ii), pursuant to Section 3(a)(iii) for Cause, or pursuant to Section 3(a)(vi) for Executive’s resignation from the Company without Good Reason, then Executive shall not be entitled to any severance payments or benefits, except as provided in Section 3(c).

  • Benefits Upon Termination If the Executive’s employment by the Company is terminated during the Period of Employment for any reason by the Company or by the Executive, or upon or following the expiration of the Period of Employment (in any case, the date that the Executive’s employment by the Company terminates is referred to as the “Severance Date”), the Company shall have no further obligation to make or provide to the Executive, and the Executive shall have no further right to receive or obtain from the Company, any payments or benefits except as follows:

  • Compensation and Benefits Upon Termination (a) If Executive’s employment is terminated by reason of death or Disability, the Company shall pay Executive’s Base Salary, at the rate then in effect, in accordance with the payroll policies of the Company, through the date of such termination (in the event of Executive’s death, the payments will be made to Executive’s beneficiaries or legal representatives) and Executive shall not be entitled to any further Base Salary or any applicable bonus, benefits or other compensation for that year or any future year, except as may be provided in Sections 5(d) or (e) below or an applicable benefit plan or program, or to any severance compensation of any kind, nature or amount.

  • Voluntary Termination; Termination for Cause If Executive's employment with the Company terminates voluntarily by Executive or for Cause by the Company, then all vesting of the Option and all other options granted to Executive will terminate immediately and all payments of compensation by the Company to Executive hereunder and all obligations with respect thereto (including, without limitations, with respect to base salary, bonuses, employee benefits, relocation and temporary living reimbursements and other expense reimbursements) will terminate immediately (except as to amounts already earned).

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