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

Termination by the Executive other than for Good Reason. If the Executive voluntarily terminates employment during the Employment Period, other than during the Change of Control Period for Good Reason, the Company shall pay to the Executive any portion of the Executive's Base Salary through the Date of Termination that has not been paid, plus any other amounts due the Executive under this Agreement within 30 days and the Executive shall have any rights to continued health and welfare benefits provided by law (i.e., COBRA) or payable to the Executive under the terms of such plans and programs in effect immediately prior to the Date of Termination. If the Executive voluntarily terminates employment during the Employment Period, other than during the Change of Control Period for Good Reason, then the Executive shall not be entitled to any Annual Bonus for the Fiscal Period that includes the Executive's Date of Termination.

Appears in 6 contracts

Samples: Employment Agreement (Wellman Inc), Employment Agreement (Wellman Inc), Employment Agreement (Wellman Inc)

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Termination by the Executive other than for Good Reason. If the Executive voluntarily terminates employment during the Employment Period, other than during the Change of Control Period for Good Reason, the Company shall pay to the Executive any portion of the Executive's ’s Base Salary through the Date of Termination that has not been paid, plus any other amounts due the Executive under this Agreement within 30 days and the Executive shall have any rights to continued health and welfare benefits provided by law (i.e., COBRA) or payable to the Executive under the terms of such plans and programs in effect immediately prior to the Date of Termination. If the Executive voluntarily terminates employment during the Employment Period, other than during the Change of Control Period for Good Reason, then the Executive shall not be entitled to any Annual Bonus for the Fiscal Period that includes the Executive's ’s Date of Termination.

Appears in 3 contracts

Samples: Employment Agreement (Wellman Inc), Employment Agreement (Wellman Inc), Employment Agreement (Wellman Inc)

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Termination by the Executive other than for Good Reason. If the Executive voluntarily terminates employment during the Employment Period, other than during the Change of Control Period for Good Reason, the Company shall pay to the Executive any portion of the Executive's ’s Base Salary through the Date of Termination that has not been paid, plus any other amounts due the Executive under this Agreement within 30 days and the Executive shall have any rights to continued health and welfare benefits provided by law (i.e., COBRA) or payable to the Executive under the terms of such plans and programs the Welfare Benefit Plans in effect immediately prior to the Date of Termination. If the Executive voluntarily terminates employment during the Employment Period, other than during the Change of Control Period for Good Reason, then the Executive shall not be entitled to any Annual Bonus for the Fiscal Period that includes the Executive's ’s Date of Termination.

Appears in 1 contract

Samples: Employment Agreement (St Joe Co)

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