Common use of Other Termination by Company Clause in Contracts

Other Termination by Company. In addition to Sections 4.1 through 4.3, the Company may at any time terminate the employment of the Executive without cause by giving one (1) month written notice to the Executive, in which case the Executive will be eligible to receive an amount equal to three (3) months of the then-current Base Salary of the Executive payable in the form of salary continuation. Such severance shall be reduced by any remuneration paid to the Executive because of the Executive's employment or self-employment during the severance period, and the Executive shall promptly report all such remuneration to the Company in writing. The Executive's eligibility for severance is conditioned on the Executive having first signed a Termination Certificate in the form attached as Exhibit A. The Executive shall not be entitled to any severance payments if the Executive's employment is terminated For Cause, by death or by disability (as provided above) or if the Executive's employment is terminated by the Executive for any reason other than Good Reason, as defined below.

Appears in 14 contracts

Samples: Executive Employment Agreement (AutoChina International LTD), Executive Employment Agreement (Fincera Inc.), Executive Employment Agreement (Fincera Inc.)

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Other Termination by Company. In addition to Sections 4.1 through 4.34.2, the Company may at any time terminate the employment of the Executive without cause cause: (i) at any time during the Initial Period, in which case the Executive will not be eligible to receive any severance; or (ii) by giving one (1) month written notice to the ExecutiveExecutive during the Extended Period, in which case the Executive will be eligible to receive an amount equal to three one (31) months month of the then-current Base Salary of the Executive payable in the form of salary continuation. Such severance shall be reduced by any remuneration paid to continuation (the Executive because of the Executive's employment or self-employment during the severance period, and the Executive shall promptly report all such remuneration to the Company in writing“Severance”). The Executive's eligibility for severance Severance is conditioned on the Executive having first signed a Termination Certificate in the form attached as Exhibit A. The Executive shall not be entitled to any severance Severance payments if the Executive's employment is terminated For Cause, by death or by disability Disability (as provided above) or if the Executive's employment is terminated by the Executive for any reason other than Good Reason, as defined below.

Appears in 8 contracts

Samples: Executive Employment Agreement (Takung Art Co., Ltd.), Executive Employment Agreement (Takung Art Co., LTD), Executive Employment Agreement (Takung Art Co., LTD)

Other Termination by Company. In addition to Sections 4.1 through 4.3, the Company may at any time terminate the employment of the Executive without cause by giving one (1) month written notice to the Executive, in which case the Executive will be eligible to receive an amount equal to three (3) months of the then-current Base Salary of the Executive payable in the form of salary continuation. Such severance shall be reduced by any remuneration paid to the Executive because of the Executive's employment or self-employment during the severance period, and the Executive shall promptly report all such remuneration to the Company in writing. The Executive's eligibility for severance is conditioned on the Executive having first signed a Termination Certificate in the form attached as Exhibit A. A . The Executive shall not be entitled to any severance payments if the Executive's employment is terminated For Cause, by death or by disability (as provided above) or if the Executive's employment is terminated by the Executive for any reason other than Good Reason, as defined below.

Appears in 4 contracts

Samples: Executive Employment Agreement (AutoChina International LTD), Executive Employment Agreement (AutoChina International LTD), Executive Employment Agreement (AutoChina International LTD)

Other Termination by Company. In addition to Sections 4.1 through 4.34.2, the Company may at any time terminate the employment of the Executive without cause cause: (i) at any time during the Initial Period, in which case the Executive will not be eligible to receive any severance; or (ii) by giving one (1) month written notice to the ExecutiveExecutive during the Extended Period, in which case the Executive will be eligible to receive an amount equal to three (3) months of the then-current Base Salary of the Executive payable in the form of salary continuation. Such severance shall be reduced by any remuneration paid to continuation (the Executive because of the Executive's employment or self-employment during the severance period, and the Executive shall promptly report all such remuneration to the Company in writing"Severance"). The Executive's eligibility for severance Severance is conditioned on the Executive having first signed a Termination Certificate in the form attached as Exhibit A. The Executive shall not be entitled to any severance Severance payments if the Executive's employment is terminated For Cause, by death or by disability Disability (as provided above) or if the Executive's employment is terminated by the Executive for any reason other than Good Reason, as defined below.

Appears in 1 contract

Samples: Executive Employment Agreement (Takung Art Co., Ltd.)

Other Termination by Company. In addition to Sections 4.1 through 4.34.2, the Company may at any time terminate the employment of the Executive without cause cause: (i) at any time during the Initial Period, in which case the Executive will not be eligible to receive any severance; or (ii) by giving one (1) month written notice to the ExecutiveExecutive during the Extended Period, in which case the Executive will be eligible to receive an amount equal to three one (31) months month of the then-current Base Salary of the Executive payable in the form of salary continuation. Such severance shall be reduced by any remuneration paid to continuation (the Executive because of the Executive's employment or self-employment during the severance period, and the Executive shall promptly report all such remuneration to the Company in writing“Severance”). The Executive's ’s eligibility for severance Severance is conditioned on the Executive having first signed a Termination Certificate in the form attached as Exhibit A. The Executive shall not be entitled to any severance Severance payments if the Executive's ’s employment is terminated For Cause, by death or by disability Disability (as provided above) or if the Executive's ’s employment is terminated by the Executive for any reason other than Good Reason, as defined below.

Appears in 1 contract

Samples: Executive Employment Agreement (Takung Art Co., LTD)

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Other Termination by Company. In addition to Sections 4.1 through 4.3, the Company may at any time terminate the employment of the Executive without cause by giving one (1) month written notice to the Executive, in which case the Executive will be eligible to receive an amount equal to three (3) months of the then-current Base Salary of the Executive payable in the form of salary continuation. Such severance shall be reduced by any remuneration paid to the Executive because of the Executive's employment or self-employment during the severance period, and the Executive shall promptly report all such remuneration to the Company in writing. The Executive's eligibility for severance is conditioned on the Executive having first signed a Termination Certificate in the form attached as Exhibit A. B. The Executive shall not be entitled to any severance payments if the Executive's employment is terminated For Cause, by death or by disability (as provided above) or if the Executive's employment is terminated by the Executive for any reason other than Good Reason, as defined below.

Appears in 1 contract

Samples: Share Exchange Agreement (Spring Creek Acquisition Corp.)

Other Termination by Company. In addition to Sections 4.1 through 4.34.2, the Company may at any time terminate the employment of the Executive without cause cause: (i) at any time during the Initial Period, in which case the Executive will not be eligible to receive any severance; or (ii) by giving one (1) month written notice to the ExecutiveExecutive during the Extended Period, in which case the Executive will be eligible to receive an amount equal to three (3) months of the then-current Base Salary of the Executive payable in the form of salary continuation. Such severance shall be reduced by any remuneration paid to continuation (the Executive because of the Executive's employment or self-employment during the severance period, and the Executive shall promptly report all such remuneration to the Company in writing“Severance”). The Executive's eligibility for severance Severance is conditioned on the Executive having first signed a Termination Certificate in the form attached as Exhibit A. The Executive shall not be entitled to any severance Severance payments if the Executive's employment is terminated For Cause, by death or by disability Disability (as provided above) or if the Executive's employment is terminated by the Executive for any reason other than Good Reason, as defined below.

Appears in 1 contract

Samples: Executive Employment Agreement (Takung Art Co., Ltd.)

Other Termination by Company. In addition to Sections 4.1 through 4.3, the Company may at any time terminate the employment of the Executive without cause by giving one two (12) month months written notice to the Executive, in which case the Executive will be eligible to receive an amount equal to three six (36) months of the then-current Base Salary of the Executive payable in the form of salary continuation. Such severance shall be reduced by any remuneration paid to the Executive because of the Executive's ’s employment or self-employment during the severance period, i.e., six (6) months, and the Executive shall promptly report all such remuneration to the Company in writing. The Executive's ’s eligibility Exhibit 10.4 for severance is conditioned on the Executive having first signed a Termination Certificate in the form attached as Exhibit A. C. The Executive shall not be entitled to any severance payments if the Executive's ’s employment is terminated For Cause, by death or by disability (as provided above) or if the Executive's ’s employment is terminated by the Executive for any reason other than Good Reason, as defined below.

Appears in 1 contract

Samples: Executive Employment Agreement (Baidu.com, Inc.)

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