Common use of Termination for Cause; Resignation Clause in Contracts

Termination for Cause; Resignation. If the Executive’s employment terminates due to a Termination for Cause or a Resignation, Base Salary and any Incentive Compensation Awards earned but unpaid as of the date of such termination will be paid to the Executive in a lump sum. Except as provided in this paragraph, WEX will have no further obligations to the Executive hereunder. Nothing contained herein is intended to limit any of the Executive’s vested benefits under any WEX benefit plan or program.

Appears in 3 contracts

Sources: Employment Agreement (Wright Express CORP), Employment Agreement (Wright Express CORP), Employment Agreement (Wright Express CORP)

Termination for Cause; Resignation. If the Executive’s employment terminates due to a Termination for Cause or a Resignation, as defined below, Base Salary and any Incentive Compensation Awards earned but unpaid as of the date of such termination will be paid to the Executive in a lump sum. Except as provided in this paragraph, WEX will have no further obligations to the Executive hereunder. Nothing contained herein is intended to limit any of the Executive’s vested benefits under any WEX benefit plan or program.

Appears in 3 contracts

Sources: Employment Agreement (Wright Express CORP), Employment Agreement (Wright Express CORP), Employment Agreement (Wright Express CORP)

Termination for Cause; Resignation. If the Executive’s employment terminates due to a Termination for Cause or a Resignation, Base Salary and any Incentive Compensation Awards earned but unpaid as of the date of such termination will be paid to the Executive in a lump sum. Except as provided in this paragraph, WEX will have no further obligations to the Executive hereunder. Nothing contained herein is intended to limit any of the Executive’s vested benefits under any WEX benefit plan or program.

Appears in 2 contracts

Sources: Employment Agreement (Wright Express CORP), Employment Agreement (Wright Express CORP)

Termination for Cause; Resignation. If the Executive’s 's employment terminates due to a Termination for Cause or a Resignation, Base Salary and any Incentive Compensation Awards earned but unpaid as of the date of such termination will be paid to the Executive in a lump sum. Except as provided in this paragraph, WEX will have no further obligations to the Executive hereunder. Nothing contained herein is intended to limit any of the Executive’s 's vested benefits under any WEX benefit plan or program.

Appears in 1 contract

Sources: Employment Agreement (Wright Express CORP)