For Cause; Resignation by You Without Good Reason Sample Clauses

For Cause; Resignation by You Without Good Reason. If your employment is terminated by us for Cause or by you without Good Reason, we will have no further obligations to you other than for payment of (i) Accrued Obligations (which will be payable within the time period set forth in Section 5(a)(A) above), (ii) the Accrued Investments and the Accrued Welfare Benefits (which will be payable in accordance with the terms and conditions of the Investment Plans and the Welfare Plans, as applicable), and (iii) the amount of any unpaid Annual Bonus that was awarded to you prior to the date of termination (which will be payable within the time period set forth in Section 5(a)(A) above). Except as described in this Section 5(b), in the event of your termination by the Company for Cause or due to your resignation without Good Reason, you will forfeit all rights to any other compensation.
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For Cause; Resignation by You Without Good Reason. If your employment is terminated by us for Cause or by you without Good Reason, we will have no further obligations to you other than the obligation for payment of (i) Accrued Obligations (which will be payable within the time period set forth in Section 5(a)(A) above), (ii) the Accrued Investments and the Accrued Welfare Benefits (which will be payable in accordance with the terms and conditions of the Investment Plans and the Welfare Plans, as applicable), (iii) the amount of any unpaid Annual Bonus that was awarded to you prior to the date of termination (which will be payable in a lump sum in cash within thirty (30) days after the effective date of the Release and your resignation from the Board pursuant to Section 6(e)), (iv) only if your employment is terminated by you without Good Reason (and not if your employment is terminated by us for Cause), all remaining unpaid Relocation Payments (which will be payable in a lump sum in cash within thirty (30) days after the effective date of the Release and your resignation from the Board pursuant to Section 6(e)), and (v) only if your employment is terminated by you before June 1, 2004 without Good Reason (and not if your employment is terminated by us for Cause), $300,000 (which will be payable in a lump sum in cash within thirty (30) days after the effective date of the Release and your resignation from the Board pursuant to Section 6(e)). If your employment is terminated by you after May 31, 2004, you will not be entitled to receive the payment described in Section 5(b)(v). Except as described in this Section 5(b), in the event of your termination by the Company for Cause or due to your resignation without Good Reason, you will forfeit all rights to any other compensation.
Sample 1

Related to For Cause; Resignation by You Without Good Reason

  • Termination for Cause; Resignation Without Good Reason If the Company terminates Executive’s employment with the Company for Cause, or Executive resigns without Good Reason, then Executive will not be entitled to any further compensation from the Company (other than accrued salary, and accrued and unused vacation, through Executive’s last day of employment), including severance pay, pay in lieu of notice or any other such compensation.

  • Termination for Cause or Resignation without Good Reason If, during the Term of this Agreement, Executive’s employment is terminated by the Company for Cause, or Executive resigns his employment hereunder without Good Reason, the Company shall pay Executive the Termination Amounts, less standard deductions and withholdings. The Company shall thereafter have no further obligations to Executive under this Agreement, except as otherwise provided by law.

  • Termination Without Cause; Resignation for Good Reason (i) The Company may terminate Executive’s employment with the Company at any time without Cause (as defined below). Further, Executive may resign at any time for Good Reason (as defined below).

  • Termination Without Cause or Resignation for Good Reason If (1) Company terminates Employee’s employment during the Initial Term other than (a) due to Employee’s death or Disability or (b) for Cause (as defined below); or (2) if Employee resigns from Employee’s employment for Good Reason (as defined below) during the Initial Term, Employee shall receive the Accrued Amounts on the Date of Termination and, in addition, subject to the Severance Conditions below, (i) Company shall provide a severance payment equal to three (3) months of Employee’s salary as of the Date of Termination (the “Severance Payment”), divided and paid in equal installments over a period of three (3) months in accordance with Company’s regular payroll practices starting on the first regular payday occurring after the effective date of the Release (as defined below), and (ii) the Company will reimburse Employee for COBRA premiums (at the coverage levels and at the Company-paid rate in effect immediately prior to such termination) for Employee and Employee’s covered dependents until the earliest of (A) the date that is three (3) months following the Date of Termination, (B) the date that Employee (or Employee’s spouse or dependents, as applicable) are no longer eligible for COBRA coverage or (C) the date when Employee receives substantially equivalent health insurance coverage in connection with new employment (the “COBRA Benefit”). Company’s obligation to pay Employee the Severance Payment and COBRA Benefit shall be conditioned on Employee’s satisfaction of the following (the “Severance Conditions”): (1) Employee must first sign, and allow to become effective, a Company-approved separation agreement, which shall include a full general release in a form acceptable to Company, releasing all claims, known or unknown, that Employee may have against Company arising out of or any way related to Employee’s employment or termination of employment with Company (the “Release”); and (2) on or before the effective date of the Release, Employee must have (i) reconfirmed Employee’s agreement to abide by all of the surviving provisions of this Agreement and any other agreement between Employee and Company, (ii) agreed to cooperate in the transition of Employee’s employment; and (iii) agreed not to make any voluntary statements, written or oral, or cause or encourage others to make any such statements that defame, disparage, or in any way criticize the personal and/or business reputations, practices, or conduct of the Company or any of its affiliates. All other Company obligations to Employee will be automatically terminated and completely extinguished.

  • Termination by Company without Cause or by Executive for Good Reason If Executive's employment is terminated by the Company without Cause or by Executive for Good Reason:

  • Termination by Employee without Good Reason Employee may terminate Employee’s employment under this Agreement at any time without Good Reason, upon thirty (30) days’ prior written notice to Employer. In the event of a termination described in this Section 4(d), Employer shall pay to Employee all of Employee’s Accrued Obligations.

  • Termination by the Company for Cause or by Executive Without Good Reason If Executive’s employment is terminated by the Company for Cause or by Executive without Good Reason, the Company shall pay Executive all amounts earned or accrued hereunder through the termination date, including:

  • Termination Without Cause; Termination for Good Reason If the Company shall terminate the Executive’s employment, other than for Cause, or the Executive shall terminate his employment for Good Reason, then;

  • Resignation by Executive without Good Reason The Executive may voluntarily terminate employment with the Company during the term of this Agreement, upon at least 60 days’ prior written notice to the Board of Directors, in which case the Executive shall receive only his compensation, vested rights, and Executive benefits up to the date of his termination of employment.

  • Termination by the Company Without Cause or by Executive for Good Reason If Executive’s employment is terminated by the Company without Cause or by Executive for Good Reason:

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