Qualifying Termination - Severance Sample Clauses

Qualifying Termination - Severance. If during the Termination Period, the Employment of Executive shall Terminate pursuant to a Qualifying Termination, the Company shall provide to Executive:
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Qualifying Termination - Severance. Company may terminate Executive’s employment under this Agreement without Cause at any time on written notice to Executive and Executive may resign his employment for Good Reason as defined below (either of such terminations is a “Qualifying Termination”). As used in this Agreement, “Good Reason" shall mean that any one or more of the following events have occurred without Executive’s express prior written consent:
Qualifying Termination - Severance. If during the Termination Period the employment of Executive shall terminate pursuant to a Qualifying Termination, then the Company shall provide to Executive, subject to the proviso to the first sentence of Section 10: (i) within ten (10) days following the Date of Termination, a lump-sum cash amount equal to the sum of (A) Executive’s base salary through the Date of Termination and any bonus amounts which have become payable, to the extent not theretofore paid or deferred, (B) a pro rata portion of Executive’s annual bonus for the fiscal year in which Executive’s Date of Termination occurs in an amount equal to (1) Executive’s target annual bonus, multiplied by (2) a fraction, the numerator of which is the number of days in the fiscal year in which the Date of Termination occurs through the Date of Termination and the denominator of which is three hundred sixty-five (365), and (C) any accrued vacation pay, in each case to the extent not theretofore paid; plus
Qualifying Termination - Severance. If during the Termination Period the employment of Employee shall terminate pursuant to a Qualifying Termination, then the Company shall provide to Employee:
Qualifying Termination - Severance. If, during the Term, Xxxxx’x employment shall terminate pursuant to a Qualifying Termination, then the Company shall provide to Xxxxx:
Qualifying Termination - Severance. If on or prior to December 31, 2005, the employment of Employee shall terminate pursuant to a Qualifying Termination, then the Company shall provide to Employee, within ten (10) days following the Date of Termination, a lump-sum cash amount equal to the sum of: (A) Employee's unpaid base salary through December 31, 2005; (B) the amount of Employee's 2004 cash bonus plus $700,000; and (C) any accrued and unused vacation pay. Similarly, if on or prior to December 31, 2005, the employment of Murphy shall terminate pursuant to a Qualifying Texxxxxxion, then the Company shall provide to Murphy, within ten (10) days following the Date of Xxxxxnation, a lump-sum cash amount equal to the sum of: (A) Murphy's unpaid base salary through December 31, 2000; (X) the amount of Murphy's 2004 cash bonus plus $700,000; and (C) anx xxxxxxd and unused vacation pay. If after December 31, 2005 and on or prior to December 31, 2006, the employment of Employee shall terminate pursuant to a Qualifying Termination, then the Company shall provide to Employee, within ten (10) days following the Date of Termination, a lump-sum cash amount equal to the sum of: (A) Employee's unpaid base salary through December 31, 2006; (B) the amount of Employee's 2005 cash bonus; (C) the equivalent value of the equity Employee was allocated determined by applying the Common Stock closing share price on the date immediately prior to the date of the Qualifying Termination; and (D) any accrued and unused vacation pay. Similarly, if on or prior to December 31, 2006, the employment of Murphy shall terminate pursuant to a Qualifying Texxxxxxion, then the Company shall provide to Murphy, within ten (10) days following the Date of Xxxxxnation, a lump-sum cash amount equal to the sum of: (A) Murphy's unpaid base salary through December 31, 2006; (B) the amount of Murphy's 2005 cash bonus; (C) the equivalent value xx xxx equity Employee was allocated determined by applying the Common Stock closing share price on the date immediately prior to the date of the Qualifying Termination; and (D) any accrued and unused vacation pay.
Qualifying Termination - Severance. If during the Termination Period, the Employment of Executive shall Terminate pursuant to a Qualifying Termination, the Company shall provide to Executive within ten (10) days following the Date of Termination a lump-sum cash amount equal to 2.5 multiplied by the sum of (A) Executive’s Average Base Salary and (B) Executive’s Average Bonuses.
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Qualifying Termination - Severance. If on or prior to December 31, 2005, the employment of Employee shall terminate pursuant to a Qualifying Termination, then the Company shall provide to Employee, within ten (10) days following the Date of Termination, a lump-sum cash amount equal to the sum of: (A) Employee's unpaid base salary through December 31, 2005; (B) the amount of Employee's 2004 cash bonus plus $700,000; and (C) any accrued and unused vacation pay. Similarly, if on or prior to December 31, 2005, the employment of Murphy shall terminate pursuant to a Qualifying Termination, then the Xxxxxny shall provide to Murphy, within ten (10) days following the Date of Termination, a lumx-xxx cash amount equal to the sum of: (A) Murphy's unpaid base salary through December 31, 2005; (B) the amount xx Xxxxhy's 2004 cash bonus plus $700,000; and (C) any accrued and unusex xxxxxxon pay.
Qualifying Termination - Severance. In the event the Executive experiences a Qualifying Termination, and subject to the conditions set forth in Section 5.1, the Company shall pay the Executive the amounts, and provide the Executive the benefits, set forth in this Section 5.2. (a)
Qualifying Termination - Severance. If during the Termination Period the employment of Executive shall terminate pursuant to a Qualifying Termination, then the Company shall provide to Executive, subject to the proviso to the first sentence of Section 10: (i) within ten (10) days following the Date of Termination, a lump-sum cash amount equal to the sum of (A) Executive’s base salary through the Date of Termination and any bonus amounts which have become payable, to the extent not theretofore paid or deferred, (B) a pro rata portion of Executive’s annual bonus for the fiscal year in which Executive’s Date of Termination occurs in an amount equal to (1) Executive’s target annual bonus, multiplied by (2) a fraction, the numerator of which is the number of days in the fiscal year in which the Date of Termination occurs through the Date of Termination and the denominator of which is three hundred sixty-five (365), and (C) any accrued vacation pay or other paid time off pay, in each case to the extent not theretofore paid; plus
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