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

Termination for Cause; Resignation Without Good Reason. If, prior to the expiration of the Employment Term, the Executive's employment is terminated by the Company for Cause, or the Executive resigns from his employment hereunder other than for Good Reason, the Executive shall (subject to Section 5.1.2) be entitled only to payment of his Base Salary as then in effect through and including the date of termination or resignation. Subject to Section 5.1.2, the Executive shall have no further right to receive any other compensation or benefits after such termination or resignation of employment, except as determined in accordance with the terms of the employee benefit plans or programs of the Company.

Appears in 8 contracts

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

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Termination for Cause; Resignation Without Good Reason. If, prior to the expiration of the Employment Term, the Executive's ’s employment is terminated by the Company for Cause, or the Executive resigns from his employment hereunder other than for Good Reason, the Executive shall (subject to Section 5.1.25.2.3) be entitled only to payment of his Base Salary as then in effect through and including the date of termination or resignation. Subject to Section 5.1.25.2.3, the Executive shall have no further right to receive any other compensation or benefits after such termination or resignation of employment, except as determined in accordance with the terms of the employee benefit plans or programs of the Company.

Appears in 5 contracts

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

Termination for Cause; Resignation Without Good Reason. If, prior to the expiration of the Employment Term, the Executive's ’s employment is terminated by the Company for Cause, or the Executive resigns from his employment hereunder other than for Good Reason, the Executive shall (subject to Section 5.1.2) be entitled only to payment of his Base Salary as then in effect through and including the date of termination or resignation. Subject to Section 5.1.2, the The Executive shall have no further right to receive any other compensation or benefits after such termination or resignation of employment, except as determined in accordance with the terms of the employee benefit plans or programs of the Company.

Appears in 4 contracts

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

Termination for Cause; Resignation Without Good Reason. If, prior to the expiration of the Employment Term, the Executive's Executive࿽s employment is terminated by the Company for Cause, or the Executive resigns from his employment hereunder other than for Good Reason, the Executive shall (subject to Section 5.1.25.2.3) be entitled only to payment of his Base Salary as then in effect through and including the date of termination or resignation. Subject to Section 5.1.25.2.3, the Executive shall have no further right to receive any other compensation or benefits after such termination or resignation of employment, except as determined in accordance with the terms of the employee benefit plans or programs of the Company.

Appears in 3 contracts

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

Termination for Cause; Resignation Without Good Reason. If, prior to the expiration of the Employment Term, the Company terminates the Executive's employment is terminated by the Company for CauseCause (as defined in Section 6.5), or the Executive resigns from terminates his -4 of 14- employment hereunder other than for by resignation without Good ReasonReason (as defined in Section 6.6), the Executive shall (subject to Section 5.1.2) be entitled only to payment of his Base Salary as then in effect and other compensation and benefits through and including the date of termination or resignation. Subject to Section 5.1.2, the Executive shall have no further right to receive any other compensation or benefits after such termination or resignation of employmenttermination, except as determined in accordance with the terms of the employee benefit plans or and programs of the Company.

Appears in 2 contracts

Samples: Agreement (Paragon Trade Brands Inc), Agreement (Paragon Trade Brands Inc)

Termination for Cause; Resignation Without Good Reason. If, prior to the expiration of the Employment Term, the Executive's ’s employment is terminated by the Company for Cause, or the Executive resigns from his employment hereunder other than for Good Reason, the Executive shall (subject to Section 5.1.25.2.2) be entitled only to payment of his Base Salary as then in effect through and including the date of termination or resignation. Subject to Section 5.1.25.2.2, the Executive shall have no further right to receive any other compensation or benefits after such termination or resignation of employment, except as determined in accordance with the terms of the employee benefit plans or programs of the Company.

Appears in 2 contracts

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

Termination for Cause; Resignation Without Good Reason. If, If Executive's employment under this Agreement is terminated prior to the expiration of the Employment Term, the Executive's employment is terminated Term by reason of his termination by the Company for Cause, Cause or the Executive resigns from his employment hereunder other than for resignation without Good Reason, the then Executive shall solely be entitled to receive the following benefits: (i) any benefits which Executive may be entitled to receive pursuant to any Company employee benefits plan, (ii) any earned, but unpaid Base Salary, and (iii) any accrued but unpaid expense reimbursements, subject to Section 5.1.2) be entitled only to payment of his Base Salary as then in effect through and including the date of termination 2.4, or resignation. Subject auto allowance pursuant to Section 5.1.2, the Executive shall have no further right to receive any other compensation or benefits after such termination or resignation of employment, except as determined in accordance with the terms of the employee benefit plans or programs of the Company2.5.

Appears in 1 contract

Samples: Employment and Non Compete Agreement (PHC Inc /Ma/)

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Termination for Cause; Resignation Without Good Reason. If, prior to the expiration of the Employment Term, the Executive's employment is terminated by the Company Bank for Cause, or the if Executive resigns from his employment with Bank hereunder other than for Good Reason, the Executive shall (subject to Section 5.1.2) be entitled only to payment of his Base Salary Salary, as then in effect effect, through and including the date of termination or resignation, together with accrued vacation attributable to unused time from prior years. Subject to Section 5.1.2, the Executive shall have no further right to receive any other compensation or benefits after such termination or resignation of employment, except as determined in accordance with the terms of the employee benefit plans or programs of the CompanyBank.

Appears in 1 contract

Samples: Executive Severance Agreement (Chemung Financial Corp)

Termination for Cause; Resignation Without Good Reason. If, If Executive's employment under this Agreement is terminated prior to the expiration of the Employment Term, the Executive's employment is terminated Term by reason of his termination by the Company for Cause, Cause or the Executive resigns from his employment hereunder other than for resignation without Good Reason, the then Executive shall solely be entitled to receive the following benefits: (i) any benefits which Executive may be entitled to receive pursuant to any Company employee benefits plan, (ii) any earned, but unpaid Base Salary, and (iii) any accrued but unpaid expense reimbursements, subject to Section 5.1.2) be entitled only to payment of his Base Salary as then in effect through and including the date of termination 2.5, or resignation. Subject auto allowance pursuant to Section 5.1.2, the Executive shall have no further right to receive any other compensation or benefits after such termination or resignation of employment, except as determined in accordance with the terms of the employee benefit plans or programs of the Company2.6.

Appears in 1 contract

Samples: Employment and Non Compete Agreement (PHC Inc /Ma/)

Termination for Cause; Resignation Without Good Reason. If, prior to the expiration of the Employment Term, the Executive's ’s employment is terminated by the Company for Cause, or the Executive resigns from his employment hereunder other than for Good Reason, the Executive shall (subject to Section 5.1.2) be entitled only to payment of his Base Salary as then in effect through and including the date of termination or resignation. Subject to Section 5.1.2, the Executive shall have no further right to receive any other compensation or benefits after such termination or resignation of employment, except as determined in accordance with the terms of the employee benefit plans or programs of the Company.

Appears in 1 contract

Samples: Employment Agreement (Hardinge Inc)

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