Common use of Termination for Cause or Resignation without Good Reason Clause in Contracts

Termination for Cause or Resignation without Good Reason. If the Employee is terminated for Cause or resigns from employment without Good Reason, then the Employee shall not be entitled to receive any severance benefits and shall only be entitled to receive the Accrued Obligations.

Appears in 6 contracts

Samples: Key Employee Retention Agreement (Acelity L.P. Inc.), Key Employee Retention Agreement (Centaur Guernsey L.P. Inc.), Key Employee Retention Agreement (Acelity L.P. Inc.)

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Termination for Cause or Resignation without Good Reason. If the Employee is terminated for Cause or resigns from employment without Good Reason, then the Employee shall not be entitled to receive any severance benefits and shall only be entitled to receive any salary earned and vacation accrued up to and including the Accrued Obligationsdate of termination.

Appears in 2 contracts

Samples: Key Employee Retention Agreement (KCI Animal Health, LLC), Key Employee Retention Agreement (Acelity L.P. Inc.)

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