Termination by the Company for Cause; Termination by the Executive without Good Reason Sample Clauses

Termination by the Company for Cause; Termination by the Executive without Good Reason. (a) For purposes of this Agreement, “
Sample 1Sample 2Sample 3See All (125)
AutoNDA by SimpleDocs
Termination by the Company for Cause; Termination by the Executive without Good Reason. The Company may terminate the Executive’s employment at any time for Cause, effective upon delivery to the Executive of written notice of such termination. If the Executive’s employment is terminated by the Company for Cause, the Executive shall be entitled only to the following:
Sample 1Sample 2See All (5)
Termination by the Company for Cause; Termination by the Executive without Good Reason. In the event that the Executive's employment is terminated by the Company for Cause pursuant to Paragraph 5(c) or by the Executive without Good Reason pursuant to Paragraph 5(f), the Company shall pay the following amounts to the Executive:
Sample 1Sample 2Sample 3See All (4)
Termination by the Company for Cause; Termination by the Executive without Good Reason. The Company may at any time terminate the Executive's employment for Cause by giving the Executive a Notice of Termination in accordance with Clause 13.2 and, if applicable, after complying with Clause 15.1.5 hereof. The Executive may at any time terminate his employment with the Company in accordance with Clause 13.2 hereof at least 3 months prior to the effective date of such termination specified in such notice. In the event of a termination by the Company for Cause or by the Executive without Good reason (except in the case where the Executive so terminates his employment within two years after a Change in Control, as provided in Clause 9.1.2), the Executive shall be entitled to receive any unpaid amount of this then current salary (including unused vacation entitlements pursuant to Clause 6.3) through the effective date of such termination, as well as any other benefits which shall have vested and become payable to him under the Benefit Plans as of such effective date.
Sample 1See All (4)
Termination by the Company for Cause; Termination by the Executive without Good Reason. The Company may at any time terminate the Executive's employment for Cause by giving the Executive a Notice of Termination in accordance with Clause 15.2 and, if applicable, after complying with Clause 17.1.5 hereof. The Executive may at any time terminate his employment with the Company without Good Reason by giving a Notice of Termination to the Company in accordance with Clause 15.2 hereof at least six months prior to the effective date of such termination specified in such notice. In the event of a termination by the Company for Cause or by the Executive without Good Reason, the Executive shall be entitled to receive any unpaid amount of his then current salary through the effective date of such termination, as well as any other benefits which shall have vested and become payable to him under the Benefit Plans as of such effective date.
Sample 1Sample 2
Termination by the Company for Cause; Termination by the Executive without Good Reason. If the Executive's employment shall be terminated by the Company for Cause or if the Executive shall terminate his employment without Good Reason, the Company shall pay the Executive his full Base Salary through the Date of Termination at the annual rate in effect at the time such termination occurs, and thereafter the Company shall have no further obligation to the Executive under this Agreement, except the Company shall continue to have its obligations (i) to pay deferred compensation under sub-Sections 5.02(c), 5.05(b) and 5.05(c) hereof, (ii) to pay accumulated benefits under benefits plans or arrangements under Article 5, (iii) to reimburse the Executive for expenses incurred pursuant to Section 5.04(a) hereof prior to termination, and (iv) to indemnify the Executive under Article 10 hereof.
Sample 1Sample 2
Termination by the Company for Cause; Termination by the Executive without Good Reason. (i) If the Company terminates the Executive’s employment for Cause, the Company shall have no further obligations to the Executive hereunder after the Termination Date, except for unpaid Salary, Automobile Allowance, vacation time and benefits accrued through the Termination Date, and pursuant to Section 15 (addressing Code Section 409A to the extent applicable), Section 18 (Indemnification) hereof, or other indemnification available to Executive by agreement, insurance, law, equity, or the Company’s organizational documents.
Sample 1
AutoNDA by SimpleDocs
Termination by the Company for Cause; Termination by the Executive without Good Reason. The Company may terminate the Term and the Executive’s employment hereunder for Cause with no notice (other than that set forth above), and the Executive may terminate the Term and his employment hereunder other than for Good Reason on at least 90 days written notice given to the Company. If the Company terminates the Executive for Cause, or the Executive terminates his employment and the termination by the Executive is not for Good Reason in accordance with Section 6.2, (i) the Executive shall receive the Accrued Benefits; and (ii) the Executive shall have no further rights to any other compensation or benefits under this Agreement on or after the termination of employment. Unless the payment is required to be delayed pursuant to Section 8.14(b) below, the cash amounts payable to the Executive under this Section 6.1 shall be paid to the Executive in a single-sum payment by wire transfer of immediately available funds within 30 days following the date of his termination of employment with the Company pursuant to this Section 6.1. In the event that notice is provided by Executive or the Company, the Company may require in its sole discretion that Executive cease reporting to work and/or to cease performing duties, in whole or in part, during all or any portion of said notice period.
Sample 1
Termination by the Company for Cause; Termination by the Executive without Good Reason. If the Executive’s employment shall be terminated by the Company for Cause or if the Executive shall terminate his employment without Good Reason, the Company shall pay the Executive his full Base Salary through the Date of Termination at the rate in effect at the time such termination occurs, and thereafter the Company shall have no further obligation to the Executive under this Agreement, except the Company shall continue to have its obligations (i) to pay accumulated benefits under benefits plans or arrangements under Article 5, and (ii) to reimburse the Executive for expenses incurred pursuant to Section 5.03(a) hereof prior to termination. Additionally, under such circumstance any stock options owned by Executive which are not Vested shall terminate on the Date of Termination; any Company securities owned by Executive which are subject to forfeiture and any Company securities owned by Executive which are subject to a repurchase option in favor of the Company shall remain subject to such option.
Sample 1

Related to Termination by the Company for Cause; Termination by the Executive without Good Reason

  • Termination by the Company for Cause or by the Executive without Good Reason The Company may terminate the Executive’s employment pursuant to the terms of this Agreement at any time for Cause (as defined below) by giving the Executive written notice of termination. Such termination shall become effective upon the giving of such notice. Upon any such termination for Cause, or in the event the Executive terminates his employment with the Company without Good Reason (as defined in Section 6(c)), then the Executive shall have no right to compensation, or reimbursement under Section 4, or to participate in any Executive benefit programs under Section 5, except as may otherwise be provided for by law, for any period subsequent to the effective date of termination. For purposes of this Agreement, “Cause” shall mean: (i) the Executive is convicted of, or pleads guilty or nolo contendere to, a felony related to the business of the Company; (ii) the Executive, in carrying out his duties hereunder, has acted with gross negligence or intentional misconduct resulting, in any case, in material harm to the Company; (iii) the Executive misappropriates Company funds or otherwise defrauds the Company including a material amount of money or property; (iv) the Executive breaches his fiduciary duty to the Company resulting in material profit to him, directly or indirectly; (v) the Executive materially breaches any agreement with the Company and fails to cure such breach within 10 days of receipt of notice, unless the act is incapable of being cured; (vi) the Executive breaches any provision of Section 8 or Section 9; (vii) the Executive becomes subject to a preliminary or permanent injunction issued by a United States District Court enjoining the Executive from violating any securities law administered or regulated by the SEC; (viii) the Executive becomes subject to a cease and desist order or other order issued by the SEC after an opportunity for a hearing; (ix) the Executive refuses to carry out a resolution adopted by the Company’s Board at a meeting in which the Executive was offered a reasonable opportunity to argue that the resolution should not be adopted; or (x) the Executive abuses alcohol or drugs in a manner that interferes with the successful performance of his duties.

  • Termination by the Executive Without Good Reason The Executive may terminate his employment on his own initiative for any reason upon 30 days’ prior written notice to the Company; provided, however, that during such notice period, the Executive shall reasonably cooperate with the Company (at no cost to the Executive) in minimizing the effects of such termination on the Company Group. Such termination shall have the same consequences as a termination for Cause under Section 6.2.

  • Termination by the Company Without Cause or by the Executive with Good Reason During the Term, if the Executive’s employment is terminated by the Company without Cause as provided in Section 3(d), or the Executive terminates his employment for Good Reason as provided in Section 3(e), then the Company shall pay the Executive his Accrued Benefit. In addition, subject to the Executive signing a separation agreement containing, among other provisions, a general release of claims in favor of the Company and related persons and entities, confidentiality, return of property and non-disparagement, in a form and manner satisfactory to the Company (the “Separation Agreement and Release”) and the Separation Agreement and Release becoming fully effective, all within the time frame set forth in the Separation Agreement and Release:

  • Voluntary Termination by the Executive Without Good Reason If the Executive terminates employment without Good Reason, the Executive shall receive the Base Salary and expense reimbursement to which the Executive is entitled through the date on which termination becomes effective.

  • 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 by the Company Without Cause or by the Executive for Good Reason If (x) the Executive’s employment is terminated by the Company other than for Cause, death or Disability (i.e., without Cause) or (y) the Executive terminates employment with Good Reason, then the Executive shall be entitled to receive the following from the Company:

  • Termination by the Company for Cause The Executive’s employment under this Agreement may be terminated by the Company for Cause at any time upon written notice to the Executive without further liability on the part of the Company. For purposes of this Agreement, a termination shall be for Cause if:

  • Termination by the Company for Good Cause The Company shall have the right to terminate the employment of the Executive for Good Cause (as such term is defined herein) by written notice to the Executive specifying the particulars of the circumstances forming the basis for such Good Cause.

  • Termination by the Employee for Good Reason The Employee may terminate the Employee’s employment by providing written notice to the Company of a breach constituting Good Reason. “Good Reason” shall be deemed to exist with respect to any termination of employment by the Employee for any of the following reasons: (i) a reassignment of the Employee to a location outside the Greater Philadelphia area; (ii) any material failure by the Company to comply with any material term of this Agreement; (iii) the demotion of the Employee to a lesser position than described in Section 1 hereof or a substantial diminution of the Employee’s authority, duties or responsibilities as in effect on the date of this Agreement or as hereafter increased; or (iv) a material diminution of the Executive’s Base Salary and benefits, in the aggregate, unless such reduction is part of a Company-wide reduction in compensation and/or benefits for all of its senior executives. If the Employee shall terminate the Employee’s employment hereunder for Good Reason, the Employee shall be entitled to receive the same payments and benefits on the same terms and conditions as would be applicable upon a termination of the Employee’s employment by the Company without Cause, as provided in Section 4(d) and subject to the satisfaction of the other provisions of this Section 4(e). The Employee may not resign with Good Reason pursuant to this Section 4(e), and shall not be considered to have done so for any purpose of this Agreement, unless (A) the Employee, within 60 days after the initial existence of the act or failure to act by the Company that constitutes “Good Reason” within the meaning of this Agreement, provides the Company with written notice that describes, in particular detail, the act or failure to act that the Employee believes to constitute “Good Reason” and identifies the particular clause of this Section 4(e) that the Employee contends is applicable to such act or failure to act; (B) the Company, within 30 days after its receipt of such notice, fails or refuses to rescind such act or remedy such failure to act so as to eliminate “Good Reason” for the termination by the Employee of the Employee’s employment relationship with the Company, and (C) the Employee actually resigns from the employ of the Company on or before that date that is six calendar months after the initial existence of the act or failure to act by the Company that constitutes “Good Reason.” If the requirements of the preceding sentence are not fully satisfied on a timely basis, then the resignation by the Employee from the employ of the Company shall not be deemed to have been for “Good Reason,” the Employee shall not be entitled to any of the benefits to which the Employee would have been entitled if the Employee had resigned from the employ of the Company for “Good Reason,” and the Company shall not be required to pay any amount or provide any benefit that would otherwise have been due to the Employee under this Section 4(e) had the Employee resigned with “Good Reason.”

  • Termination by the Executive for Good Reason Termination by the Executive of the Executive’s employment with the Company for Good Reason. For purposes of this Agreement, “Good Reason” shall mean that the Executive has complied with the “Good Reason Process” (hereinafter defined) following, the occurrence of any of the following events:

Time is Money Join Law Insider Premium to draft better contracts faster.