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

Termination for Cause or Without Good Reason. If the Executive’s employment shall be terminated by the Board for Cause or by the Executive without Good Reason, the Executive shall receive from Amneal: (a) any earned but unpaid Base Salary through the Date of Termination, paid in accordance with Amneal’s standard payroll practices; (b) reimbursement for any unreimbursed expenses properly incurred and paid in accordance with Section 1.3 hereof through the Date of Termination; (c) payment for any accrued but unused vacation time in accordance with Amneal’s policy; (d) all equity awards previously granted to the Executive that have vested in accordance with the terms of such grants; and (e) such vested accrued benefits, and other payments, if any, as to which the Executive (and his eligible dependents) may be entitled under, and in accordance with the terms and conditions of, the employee benefit arrangements, plans and programs of Amneal as of the Date of Termination, other than any severance pay plan (such amounts and benefits set forth in clauses (a) though (e) being referred to hereinafter as the “Amounts and Benefits”), and Amneal shall have no further obligation with respect to this Agreement other than as provided in Sections 5, 6.5 and 7 hereof. Any equity awards previously granted to the Executive that have not vested in accordance with the terms of their grants as of the Date of Termination shall be forfeited as of the Date of Termination.

Termination for Cause or Without Good Reason. If the Executive’s employment shall be terminated by the Board Company for Cause or by the Executive without Good Reason, the Executive shall receive from Amnealthe Company: (a) any earned but unpaid Base Salary through the Date of Termination, paid in accordance with Amnealthe Company’s standard payroll practices; (b) any Target Bonus earned but unpaid for a prior fiscal year, paid in accordance with Section 2.2 (including payment timing); (c) reimbursement for any unreimbursed expenses properly incurred and paid in accordance with Section 1.3 hereof through the Date of Termination; (cd) payment for any accrued but unused vacation time in accordance with Amneal’s Company policy; (de) all equity awards stock options and restricted stock previously granted to the Executive that have vested in accordance with the terms of such grants; and (ef) such vested accrued benefits, and other payments, if any, as to which the Executive (and his eligible dependents) may be entitled under, and in accordance with the terms and conditions of, the employee benefit arrangements, plans and programs of Amneal the Company as of the Date of Termination, other than any severance pay plan (such amounts and benefits set forth in clauses (a) though (ef) being referred to hereinafter as the “Amounts and Benefits”), and Amneal the Company shall have no further obligation with respect to this Agreement other than as provided in Sections 5, 6.5 8 and 7 9 hereof. Any equity awards stock options and restricted stock previously granted to the Executive that have not vested in accordance with the terms of their grants as of the Date of Termination shall be forfeited as of the Date of Termination.

Termination for Cause or Without Good Reason. If the Executive’s employment shall be terminated by the Board Company for Cause or by the Executive without Good Reason, the Executive shall receive from Amnealthe Company: (a) any earned but unpaid Base Salary through the Date of Termination, paid in accordance with Amnealthe Company’s standard payroll practices; (b) any Incentive Bonus earned but unpaid for a prior fiscal year, paid in accordance with Section 2.2 (including payment timing); (c) reimbursement for any unreimbursed expenses properly incurred and paid in accordance with Section 1.3 hereof through the Date of Termination; (cd) payment for any accrued but unused vacation time in accordance with Amneal’s Company policy; (de) all equity awards stock options and restricted stock previously granted to the Executive that have vested in accordance with the terms of such grants; and (ef) such vested accrued benefits, and other payments, if any, as to which the Executive (and his eligible dependents) may be entitled under, and in accordance with the terms and conditions of, the employee benefit arrangements, plans and programs of Amneal the Company as of the Date of Termination, other than any severance pay plan (such amounts and benefits set forth in clauses (a) though (ef) being referred to hereinafter as the “Amounts and Benefits”), and Amneal the Company shall have no further obligation with respect to this Agreement other than as provided in Sections 56.5, 6.5 7 and 7 8 hereof. Any equity awards stock options and restricted stock previously granted to the Executive that have not vested in accordance with the terms of their grants as of the Date of Termination shall be forfeited as of the Date of Termination.

Termination for Cause or Without Good Reason. If the Executive’s employment shall be terminated by the Board Company for Cause or by the Executive without Good Reason, then the Executive shall receive from Amnealthe Company: (a) any earned but unpaid portion of the Base Salary through the Date of Termination, paid in accordance with Amnealthe Company’s standard payroll practices; (b) any Incentive Bonus earned but unpaid for a prior fiscal year, paid in accordance with Section 2.2; (c) reimbursement for any unreimbursed expenses properly incurred and paid in accordance with Section 1.3 hereof and Sections 2.5 and 2.6 through the Date of Termination; (cd) payment for any accrued but unused vacation time in accordance with Amneal’s Company policy; (de) all equity awards stock options and restricted stock previously granted to the Executive that have vested in accordance with the terms of such grants; and (ef) such vested accrued benefits, and other payments, if any, as to which the Executive (and his eligible dependents) may be entitled under, and in accordance with the terms and conditions of, the employee benefit arrangements, plans and programs of Amneal the Company as of the Date of Termination, other than any severance pay plan (such amounts and benefits set forth in clauses (a) though (ef) being referred to hereinafter as the “Amounts and Benefits”), and Amneal the Company shall have no further obligation with respect to this Agreement other than as provided in Sections 57.4, 6.5 8 and 7 9 hereof. Any equity awards stock options and restricted stock previously granted to the Executive that have not vested in accordance with the terms of their grants as of the Date of Termination shall be forfeited as of the Date of Termination.

Termination for Cause or Without Good Reason. If the Executive’s employment shall be terminated by the Board Company for Cause or by the Executive without Good Reason, the Executive shall receive from Amnealthe Company: (a) any earned but unpaid Base Salary through the Date of Termination, paid in accordance with Amnealthe Company’s standard payroll practices; (b) any Incentive Bonus earned but unpaid for a prior fiscal year, paid in accordance with Section 2.2 (including payment timing); (c) reimbursement for any unreimbursed expenses properly incurred and paid in accordance with Section 1.3 hereof through the Date of Termination; (cd) payment for any accrued but unused vacation time in accordance with Amneal’s Company policy; (de) all equity awards stock options and restricted stock previously granted to the Executive that have vested in accordance with the terms of such grants; and (ef) such vested accrued benefits, and other payments, if any, as to which the Executive (and his eligible dependents) may be entitled under, and in accordance with the terms and conditions of, the employee benefit arrangements, plans and programs of Amneal the Company as of the Date of Termination, other than any severance pay plan (such amounts and benefits set forth in clauses (a) though (ef) being referred to hereinafter as the ““ Amounts and BenefitsBenefits ”), and Amneal the Company shall have no further obligation with respect to this Agreement other than as provided in Sections 56.5, 6.5 7 and 7 8 hereof. Any equity awards stock options and restricted stock previously granted to the Executive that have not vested in accordance with the terms of their grants as of the Date of Termination shall be forfeited as of the Date of Termination.

Termination for Cause or Without Good Reason. (a) If the Executive’s employment shall be is terminated by the Board Company for Cause or by the Executive without Good Reason, the Executive shall receive from Amneal: be entitled to the following: (ai) any earned accrued but unpaid Base Salary through and accrued but unused paid time-off which shall be paid on the pay date immediately following the Termination Date of Termination, paid (as defined below) in accordance with Amnealthe Company’s standard customary payroll practices; procedures; (bii) reimbursement for any unreimbursed business expenses properly incurred by the Executive, which shall be subject to and paid in accordance with Section 1.3 hereof through the Company’s expense reimbursement policy, as in effect from time to time; (iii) any Special RSUs, Special PSUs and Matching RSUs that are vested as of the Termination Date of Termination; (c) payment for any accrued but unused vacation time in accordance with Amneal’s policy; (d) all equity awards previously granted to the Executive that have vested not yet been settled shall be settled in accordance with the terms of such grants; and (e) such vested accrued benefitsthe applicable Special Award Agreement, and other payments, if any, as to which the Executive (and his eligible dependents) may be entitled under, and in accordance with the terms and conditions of, the employee benefit arrangements, plans and programs of Amneal any Special Options that are vested as of the Termination Date of Termination, other than any severance pay plan (such amounts and benefits set forth in clauses (a) though (e) being referred to hereinafter as the “Amounts and Benefits”), and Amneal shall have no further obligation with respect to this Agreement other than as provided in Sections 5, 6.5 and 7 hereof. Any equity awards previously granted to the Executive that have not vested be exercisable thereafter only in accordance with the terms of their grants as of the Date of Termination applicable Special Award Agreement; and (iv) all unvested Special RSUs, unvested Special PSUs, unvested Matching RSUs and unvested Special Options shall be immediately forfeited and cancelled. Paragraphs (i), (ii) and (iii) of this Section 5.2(a) are referred to herein collectively as the “Accrued Amounts”. (b) For purposes of the Date of Termination.this Agreement, “Cause” shall mean:

Termination for Cause or Without Good Reason. If the Executive’s employment shall be terminated by the Board Company for Cause or by the Executive without Good Reason, then the Executive shall receive from Amnealthe Company: (a) any earned but unpaid portion of the Base Salary through the Date of Termination, paid in accordance with Amnealthe Company’s standard payroll practices; (b) any Incentive Bonus earned but unpaid for a prior fiscal year, paid in accordance with Section 2.2; (c) reimbursement for any unreimbursed expenses properly incurred and paid in accordance with Section 1.3 hereof through the Date of Termination; (cd) payment for any accrued but unused vacation time in accordance with Amneal’s Company policy; (de) all equity awards stock options and restricted stock previously granted to the Executive that have vested in accordance with the terms of such grants; and (ef) such vested accrued benefits, and other payments, if any, as to which the Executive (and his her eligible dependents) may be entitled under, and in accordance with the terms and conditions of, the employee benefit arrangements, plans and programs of Amneal the Company as of the Date of Termination, other than any severance pay plan (such amounts and benefits set forth in clauses (a) though (ef) being referred to hereinafter as the “Amounts and Benefits”), and Amneal the Company shall have no further obligation with respect to this the Agreement other than as provided in Sections 57.4, 6.5 8 and 7 9 hereof. Any equity awards stock options and restricted stock previously granted to the Executive that have not vested in accordance with the terms of their grants as of the Date of Termination shall be forfeited as of the Date of Termination.

Termination for Cause or Without Good Reason. If the Executive’s employment shall be terminated by the Board Company for Cause or by the Executive without Good Reason, then the Executive shall receive from Amnealthe Company: (a) any earned but unpaid portion of the Base Salary through the Date of Termination, paid in accordance with Amnealthe Company’s standard payroll practices; (b) any Incentive Bonus earned but unpaid for a prior fiscal year, paid in accordance with Section 2.2; (c) reimbursement for any unreimbursed expenses properly incurred and paid in accordance with Section 1.3 hereof and Section 2.6 through the Date of Termination; (cd) payment for any accrued but unused vacation time in accordance with Amneal’s Company policy; (de) all equity awards stock options and restricted stock previously granted to the Executive that have vested in accordance with the terms of such grants; and (ef) such vested accrued benefits, and other payments, if any, as to which the Executive (and his eligible dependents) may be entitled under, and in accordance with the terms and conditions of, the employee benefit arrangements, plans and programs of Amneal the Company as of the Date of Termination, other than any severance pay plan (such amounts and benefits set forth in clauses (a) though (ef) being referred to hereinafter as the “Amounts and Benefits”), and Amneal the Company shall have no further obligation with respect to this Agreement other than as provided in Sections 57.4, 6.5 8 and 7 9 hereof. Any equity awards stock options and restricted stock previously granted to the Executive that have not vested in accordance with the terms of their grants as of the Date of Termination shall be forfeited as of the Date of Termination.

Termination for Cause or Without Good Reason. If the Executive’s employment shall be terminated by the Board Company for Cause or by the Executive without Good Reason, the Executive shall receive from Amnealthe Company: (a) any earned but unpaid Base Salary through the Date of Termination, paid in accordance with Amnealthe Company’s standard payroll practices; (b) any Incentive Bonus earned but unpaid for a prior fiscal year, paid in accordance with Section 2.2 (including payment timing); (c) reimbursement for any unreimbursed expenses properly incurred and paid in accordance with Section 1.3 hereof through the Date of Termination; (cd) payment for any accrued but unused vacation time in accordance with Amneal’s Company policy; (de) all equity awards stock options and restricted stock previously granted to the Executive that have vested in accordance with the terms of such grants; and (ef) such vested accrued benefits, and other payments, if any, as to which the Executive (and his eligible dependents) may be entitled under, and in accordance with the terms and conditions of, the employee benefit arrangements, plans and programs of Amneal the Company as of the Date of Termination, other than any severance pay plan (such amounts and benefits set forth in clauses (a) though (ef) being referred to hereinafter as the “Amounts and Benefits”), and Amneal the Company shall have no further obligation with respect to this Agreement other than as provided in Sections 57.4, 6.5 8 and 7 9 hereof. Any equity awards stock options and restricted stock previously granted to the Executive that have not vested in accordance with the terms of their grants as of the Date of Termination shall be forfeited as of the Date of Termination.

Termination for Cause or Without Good Reason. (a) The Executive’s employment hereunder may be terminated by the Bank for Cause or by the Executive without Good Reason. If the Executive’s employment shall be is terminated by the Board Bank for Cause or by the Executive without Good Reason, the Executive shall receive from Amneal: be entitled to receive: (ai) any accrued but unpaid Base Salary and accrued but unused vacation days, which shall be paid within one (1) week following the Termination Date (as defined below) in accordance with the Bank’s customary payroll procedures; (ii) any earned but unpaid Base Salary through Annual Bonus with respect to any completed calendar year immediately preceding the Date of TerminationTermination Date, which shall be paid in accordance with Amnealon the otherwise applicable payment date; provided that if the Executive’s standard payroll practices; employment is terminated by the Bank for Cause, then any such accrued but unpaid Annual Bonus shall be forfeited; (biii) reimbursement for any unreimbursed business expenses properly incurred by the Executive, which shall be subject to and paid in accordance with Section 1.3 hereof through the Date of Termination; (c) payment for any accrued but unused vacation time in accordance with AmnealBank’s expense reimbursement policy; and (d) all equity awards previously granted to the Executive that have vested in accordance with the terms of such grants; and (eiv) such vested accrued benefits, and other paymentsemployee benefits (including equity compensation), if any, as to which the Executive (and his eligible dependents) may be entitled under, and in accordance with under the terms and conditions of, the Bank’s employee benefit arrangements, plans and programs of Amneal as of the Date Termination Date; provided that in no event shall the Executive be entitled to any payments in the nature of Termination, other than any severance pay plan (such amounts and benefits set forth in clauses (aor termination payments except as specifically provided herein. Items 5.1(a)(i) though (ethrough 5.1(a)(iv) being are referred to hereinafter herein collectively as the “Amounts and BenefitsAccrued Amounts”). (b) For purposes of this Agreement, and Amneal “Cause” shall have no further obligation with respect to this Agreement other than as provided in Sections 5, 6.5 and 7 hereof. Any equity awards previously granted to the Executive that have not vested in accordance with the terms of their grants as of the Date of Termination shall be forfeited as of the Date of Termination.mean:

Termination for Cause or Without Good Reason. If the Executive’s employment shall be terminated by the Board Company for Cause pursuant to Section 4.1.5 or by the Executive without Good ReasonReason pursuant to Section 4.1.4, the Executive Company shall receive from Amnealpay or provide to the Executive: (a) any earned but unpaid Base Salary through the Date of Termination, paid in accordance with Amnealthe Company’s standard payroll practices; (b) reimbursement for any unreimbursed expenses properly incurred and paid in accordance with Section 1.3 1.4 hereof through the Date of Termination; (c) payment for any accrued but unused vacation time in accordance with Amnealthe Company’s policy; (d) all equity awards previously granted to the Executive that have vested in accordance with the terms of such grants; and (e) such vested accrued benefits, and other payments, if any, as to which the Executive (and his Executive’s eligible dependents) may be entitled under, and in accordance with the terms and conditions of, the employee benefit arrangements, plans and programs of Amneal the Company as of the Date of Termination, other than any severance pay plan (such amounts and benefits set forth in clauses (a) though (e) being referred to hereinafter as the “Amounts and Benefits”), and Amneal the Company shall have no further obligation with respect to this Agreement other than as provided in Sections 5, 6.5 6.6, and 7 hereof. Any equity awards previously granted to the Executive that have not vested in accordance with the terms of their Executive’s grants as of the Date of Termination shall be forfeited as of the Date of Termination.