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

Termination for Cause; Resignation Without Good Reason. (i) If the Executive’s employment is terminated by the Company for Cause (as defined in Section 4(a)(ii) below) or if the Executive resigns from Executive’s employment hereunder other than for Good Reason (as defined in Section 4(b)(ii) below), Executive shall be entitled to payment of Executive’s Salary through and including the date of termination or resignation as well as any un-reimbursed expenses. Except to the extent required by the terms of any applicable compensation or benefit plan or program or as otherwise required by applicable law, the Executive shall have no rights under this Agreement or otherwise to receive any other compensation or to participate in any other plan, program or arrangement after such termination or resignation of employment with respect to the year of such termination or resignation and later years.

Appears in 4 contracts

Sources: Employment Agreement (Getty Images Inc), Employment Agreement (Getty Images Inc), Employment Agreement (Getty Images Inc)

Termination for Cause; Resignation Without Good Reason. (i) If If, prior to the expiration of the Term, the Executive’s 's employment is terminated by the Company for Cause (as defined in Section 4(a)(ii) below) or if the Executive resigns from Executive’s his employment hereunder other than for Good Reason (as defined in Section 4(b)(ii) below)Reason, Executive he shall be entitled to payment of Executive’s Salary the pro rata portion of his Salary, accrued Bonus and supplemental pension contributions as described in Section 3(d), through and including the date of termination or resignation as well as any un-reimbursed unreimbursed expenses. Except to the extent required by the terms of any applicable compensation or benefit plan or program or as otherwise required by applicable law, the Executive shall have no rights under this Agreement or otherwise to receive any other compensation or to participate in any other plan, program or arrangement after such termination or resignation of employment with respect to the year of such termination or resignation and later years.

Appears in 3 contracts

Sources: Employment Agreement (Getty Images Inc), Employment Agreement (Getty Images Inc), Employment Agreement (Getty Images Inc)

Termination for Cause; Resignation Without Good Reason. (i) If the Executive’s employment is terminated by the Company for Cause (Cause, as defined in Section 4(a)(ii) below) hereof, or if the Executive resigns from Executive’s his employment hereunder other than for Good Reason (Reason, as defined in Section 4(b)(ii4(a)(iii) below)hereof, the Executive shall only be entitled to payment of Executive’s unpaid Base Salary through and including the his date of termination or resignation as well as and any un-reimbursed expensesother amounts or benefits required to be paid or provided by law or under any plan, program, policy or practice of the Company (the “Other Benefits”). Except to the extent required by the terms of any applicable compensation or benefit plan or program or as otherwise required by applicable law, the The Executive shall have no rights under this Agreement or otherwise further right to receive any other compensation or to participate in any other plan, program or arrangement benefits after such termination or resignation of employment with respect to the year of such termination or resignation and later yearsemployment.

Appears in 3 contracts

Sources: Employment Agreement (Trizec Properties Inc), Employment Agreement (Trizec Properties Inc), Employment Agreement (Trizec Properties Inc)

Termination for Cause; Resignation Without Good Reason. (i) If the Executive’s employment is terminated by the Company for Cause (as defined in Section 4(a)(ii) below) or if the Executive resigns from Executive’s employment hereunder other than for without Good Reason (as defined in Section 4(b)(ii) below), Executive shall be entitled to payment of Executive’s Salary through and including the date of termination or resignation as well as any un-reimbursed expensesexpenses that have been properly submitted in accordance with Company policy for reimbursement. Except to the extent required by the terms of any applicable compensation or benefit plan or program or as otherwise required by applicable law, the Executive shall have no rights under this Agreement or otherwise to receive any other compensation or to participate in any other plan, program or arrangement after such termination or resignation of employment with respect to the year of such termination or resignation and later years.

Appears in 2 contracts

Sources: Employment Agreement (Getty Images Inc), Employment Agreement (Getty Images Inc)

Termination for Cause; Resignation Without Good Reason. (i) If If, prior to the expiration of the Term, Executive’s 's employment is terminated by the Company for Cause (Cause, as defined in Section 4(a)(iisection 4(a) below(ii) hereof, or if the Executive resigns from Executive’s his employment hereunder hereunder, other than for Good Reason (Reason, as defined in Section 4(b)(iisection 4(a) below)(iii) hereof, Executive shall be entitled to payment of the pro rata portion of Executive’s 's Salary under section 3(a) through and including the date of termination or resignation as well as any un-reimbursed expensesresignation. Except to the extent required by the terms of any applicable compensation or benefit plan or program or as otherwise required by applicable law, the Executive shall have no rights right under this Agreement or otherwise to receive any other compensation compensation, or to participate in any other plan, program arrangement, or arrangement benefit, after such termination or resignation of employment with respect to the year of such termination or resignation and later years.

Appears in 1 contract

Sources: Employment Agreement (Virtual Reality Inc/)

Termination for Cause; Resignation Without Good Reason. (i) If If, prior to the expiration of the Term, Executive’s 's employment is terminated by the Company for Cause (as defined in Section 4(a)(ii) below) or if the Executive resigns from Executive’s his employment hereunder other than for Good Reason (as defined in Section 4(b)(ii) below)Reason, Executive shall be entitled to payment of the pro rata portion of Executive’s 's Salary through and including the date of termination or resignation as well as any un-reimbursed unreimbursed expenses. Except to the extent required by the terms of any applicable compensation grant to Executive in accordance with Section 3(d) above, by the terms of Section 3(h), Section 3(i) or benefit plan or program or as otherwise required by applicable law, the Executive shall have no rights right under this Agreement or otherwise to receive any other compensation or to participate in any other plan, program or arrangement after such termination or resignation of employment with respect to the year of such termination or resignation and later years.

Appears in 1 contract

Sources: Employment Agreement (Detrex Corporation)

Termination for Cause; Resignation Without Good Reason. (i) If the Executive’s employment is terminated by the Company for Cause (as defined in Section 4(a)(ii) below) or if the Executive resigns from Executive’s employment hereunder other than for without Good Reason (as defined in Section 4(b)(ii) below), Executive shall be entitled to payment of Executive’s Salary through and including the date of termination or resignation as well as any un-reimbursed expensesexpenses that have been properly submitted in accordance with Company policy for reimbursement. Except to the extent required by the terms of any applicable compensation or benefit plan or program or as otherwise required by applicable law, the Executive shall have no rights under this Agreement or otherwise to receive any other compensation or to participate in any other plan, program or arrangement after such termination or resignation of employment with respect to the year of such termination or resignation and later years.

Appears in 1 contract

Sources: Employment Agreement (Getty Images Inc)

Termination for Cause; Resignation Without Good Reason. (i) If If, prior to the expiration of the Term, the Executive’s 's employment is terminated by the Company for Cause (as defined in Section 4(a)(ii) below) or if the Executive resigns from Executive’s his employment hereunder other than for Good Reason (as defined in Section 4(b)(ii) below)Reason, Executive he shall be entitled to payment of Executive’s Salary the pro rata portion of his Salary, accrued Bonus and supplemental pension contributions as described in Section 3(d) through and including the date of termination or resignation as well as any un-reimbursed unreimbursed expenses. Except to the extent required by the terms of any applicable compensation or benefit plan or program or as otherwise required by applicable law, the Executive shall have no rights under this Agreement or otherwise to receive any other compensation or to participate in any other plan, program or arrangement after such termination or resignation of employment with respect to the year of such termination or resignation and later years.

Appears in 1 contract

Sources: Employment Agreement (Getty Images Inc)