Common use of Termination by Executive for Other than Good Reason Clause in Contracts

Termination by Executive for Other than Good Reason. In the event Executive terminates his employment for other than Good Reason, this Agreement shall terminate and the Company's obligations to Executive under this Agreement shall be limited to his (a) Prorated Salary; (b) Earned Incentive Compensation; (c) Accrued PTO; (d) Reimbursable Expenses; and (e)

Appears in 3 contracts

Samples: Executive Employment Agreement (Spacedev Inc), Executive Employment Agreement (Spacedev Inc), Executive Employment Agreement (Spacedev Inc)

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Termination by Executive for Other than Good Reason. In the event Executive terminates his employment for other than Good Reason, this Agreement shall terminate and the Company's obligations to Executive under this Agreement shall be limited to his (a) Prorated Salary; (b) Earned Incentive Compensation; (c) Accrued PTO; (d) Reimbursable Expenses; and (e)under

Appears in 1 contract

Samples: Employment Agreement (Spacedev Inc)

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Termination by Executive for Other than Good Reason. In the event If Executive terminates his Executive’s employment for any reason other than Good Reason, this Agreement shall terminate and the Company's without further obligations to Executive under this Agreement shall be limited to his other than (a) Prorated Salary; the timely payment of Accrued Obligations and (b) Earned Incentive Compensation; payment to Executive of any bonus payments under Section 3.3, prorated to the date of termination, subject to achievement of the applicable metrics and qualitative assessment of Executive’s performance by the Board of Directors (c) Accrued PTO; (d) Reimbursable Expenses; less standard withholdings and (eother authorized deductions).

Appears in 1 contract

Samples: Employment Agreement (Media Arts Group Inc)

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