Payments in the Event of Any Other Termination of Employment Sample Clauses

Payments in the Event of Any Other Termination of Employment. If Executive’s employment hereunder is terminated by the Company other than for Cause, or by Executive for Good Reason:
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Payments in the Event of Any Other Termination of Employment. If ------------------------------------------------------------ Executive's employment hereunder is terminated by Company during the Term other than for Cause, or if Executive dies or should terminate his employment for Good Reason, or if employment is terminated as a result of Disability, Company shall pay Executive his accrued and unpaid Base Salary and Incentive Compensation (excepting any bonus amounts whatsoever) through the Date of Termination on the Date of Termination or as soon thereafter as is practicable. Executive also shall obtain any payments or other rights of continuation or benefits Executive may be entitled to receive pursuant to any employee benefit or compensation plan or life insurance policy maintained by the Company, as such plans or policies may be modified from time to time. In the event Executive's employment is terminated as a result of his death, such payments shall go to Executive's estate. On the condition that Executive agrees to remain available in the event Company requires information or cooperation with respect to any disputes or litigation, and only so long as Executive complies with the provisions of Section 5 that are applicable at the time, Executive or his estate shall be entitled in each case under this Section to receive payment of the full amount that would have been paid to him as Base Salary (but no Incentive Compensation or bonus, except for the one-time payment established below in satisfaction of any previously established commission component of Base Salary) for the remainder of the Term, either: (a) as such payments become due, or (b) on or promptly after the Date of Termination, at Company's election. The Company shall seek to provide reasonable advance notice and cooperation with respect to scheduling in relation to disputes or litigation, and shall reimburse Executive for the reasonable expenses incurred by Executive in relation to such disputes or litigation. If there is any commission component of Base Salary, Executive shall be paid the present value of five months of commissions at Executive's average monthly commission level for the prior two quarters, taking into account attrition at a representative rate, within one month after the end of the first full quarter following the Termination Date, or such earlier time as Company elects, in full satisfaction of all commission obligations. Company agrees to continue for Executive those employee health and welfare benefits (life insurance disability, medi...
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Related to Payments in the Event of Any Other Termination of Employment

  • Other Termination of Employment In the event of your voluntary termination (other than a Retirement subject to Section 2(c) or a Qualifying Termination subject to Section 2(f)), or termination by the Company or a subsidiary of the Company for misconduct or other conduct deemed by the Company to be detrimental to the interests of the Company or a subsidiary of the Company, you shall forfeit all unvested RSUs on the date of termination.

  • Compensation Following Termination of Employment In the event that Executive's employment hereunder is terminated, Executive shall be entitled to the following compensation and benefits upon such termination:

  • Compensation in the Event of Termination In the event that the Executive’s employment hereunder terminates prior to the expiration of this Agreement for any reason provided in Section 5 hereof, the Company shall pay the Executive, compensation and provide the Executive and the Executive’s eligible dependents with benefits as follows:

  • Termination of Employment in Connection with a Change in Control If the Executive’s employment is terminated either by the Company Without Cause (as defined in Section 6(d)) or by the Executive for Good Reason (as defined in Section 6(e)(ii)), in either case within the period commencing one month prior to and ending twelve months following a Change in Control, then, subject to Section 22 [Compliance with Section 409A], the Executive shall be entitled to the compensation and benefits set forth in Sections 8(e)(i)(a) through (e) (in addition to any other payments or benefits provided under this Agreement), provided that within sixty days following the Executive’s termination of employment (i) the Executive has executed and delivered the Release to the Company, and (ii) the Release has become irrevocable:

  • 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).

  • Termination Other Than a Qualifying Termination If the termination of the Executive’s employment with the Company Group is not a Qualifying Termination, then the Executive will not be entitled to receive severance or other benefits.

  • Compensation Following Termination In the event that Executive’s employment hereunder is terminated, Executive shall be entitled only to the following compensation and benefits upon such termination:

  • Other Termination If the Optionee’s employment terminates for any reason other than the Optionee’s death, the Optionee’s disability or Cause, and unless otherwise determined by the Administrator, any portion of this Stock Option outstanding on such date may be exercised, to the extent exercisable on the date of termination, for a period of three months from the date of termination or until the Expiration Date, if earlier. Any portion of this Stock Option that is not exercisable on the date of termination shall terminate immediately and be of no further force or effect. The Administrator’s determination of the reason for termination of the Optionee’s employment shall be conclusive and binding on the Optionee and his or her representatives or legatees.

  • Payments Upon Termination of Employment (a) If Executive’s employment with the Company is terminated by reason of:

  • Other Termination of Service If the Optionee's Service with the Participating Company Group terminates for any reason, except Disability or death, the Option, to the extent unexercised and exercisable by the Optionee on the date on which the Optionee's Service terminated, may be exercised by the Optionee within three (3) months after the date on which the Optionee's Service terminated, but in any event no later than the Option Expiration Date.

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