Termination Giving Rise to a Termination Payment. (a) If there is a Covered Termination by the Executive for Good Reason, or by the Company other than by reason of (i) death, (ii) disability pursuant to Section 12 hereof, or (iii) Cause (any such terminations to be subject to the procedures set forth in Section 13 hereof), then the Executive shall be entitled to receive, and the Company shall promptly pay, Accrued Benefits and, in lieu of further base salary for periods following the Termination Date, as liquidated damages and additional severance pay and in consideration of the covenant of the Executive set forth in Section 14(a) hereof, the Termination Payment pursuant to Section 9(b) hereof.
Appears in 5 contracts
Samples: And Severance Agreement (Integrys Energy Group, Inc.), And Severance Agreement (Wisconsin Public Service Corp), Employment and Severance Agreement (WPS Resources Corp)
Termination Giving Rise to a Termination Payment. (a) If there is a Covered Termination by the Executive for Good Reason, or by the Company other than by reason of (i) death, (ii) disability pursuant to Section 12 hereof, or (iii) Cause (any such terminations to be subject to the procedures set forth in Section 13 hereof), then the Executive shall be entitled to receive, and the Company shall promptly pay, Accrued Benefits and, in lieu of further base salary for periods following the Termination Date, as liquidated damages and additional severance pay and in consideration of the covenant of the Executive set forth in Section Subsection 14(a) hereof, the Termination Payment pursuant to Section Subsection 9(b) hereof.
Appears in 3 contracts
Samples: Employment and Severance Agreement (Wisconsin Power & Light Co), Key Executive Employment and Severance Agreement (Wisconsin Power & Light Co), Key Executive Employment and Severance Agreement (Wisconsin Power & Light Co)
Termination Giving Rise to a Termination Payment. (a) If there is a Covered Termination by the Executive for Good Reason, or by the Company other than by reason of (i) death, (ii) disability pursuant to Section 12 13 hereof, or (iii) Cause (any such terminations to be subject to the procedures set forth in Section 13 14 hereof), then the Executive shall be entitled to receive, and the Company shall promptly pay, Accrued Benefits and, in lieu of further base salary Annual Base Salary for periods following the Termination Date, as liquidated damages and additional severance pay and in consideration of the covenant of the Executive set forth in Section 14(aSubsection 15(a) hereof, the Termination Payment pursuant to Section 9(bSubsection 10(b) hereof.
Appears in 3 contracts
Samples: Incorporated Terms (Mgic Investment Corp), Incorporated Terms (Mgic Investment Corp), Incorporated Terms (Mgic Investment Corp)
Termination Giving Rise to a Termination Payment. (a) If there is a ------------------------------------------------ Covered Termination by the Executive for Good Reason, or by the Company other than by reason of (i) death, (ii) disability pursuant to Section 12 hereof12, or (iii) ---------- Cause (any such terminations to be subject to the procedures set forth in Section 13 hereof13), then the Executive shall be entitled to receive, and the Company ----------- shall promptly pay, Accrued Benefits and, in lieu of further base salary for periods following the Termination Date, as liquidated damages and additional severance pay and in consideration of the covenant of the Executive set forth in Section 14(a) hereof), the Termination Payment pursuant to Section 9(b) hereof.9(a). ------------- ------------
Appears in 1 contract
Samples: Key Executive (Fiserv Inc)
Termination Giving Rise to a Termination Payment. (a) If there is a Covered Termination by the Executive for Good Reason, or by the Company other than by reason of (i) death, (ii) disability pursuant to Section 12 hereof, or (iii) Cause (any such terminations to be subject to the procedures set forth in Section 13 hereof), then the Executive shall be entitled to receive, and the Company shall promptly pay, Accrued Benefits and, in lieu of further base salary Annual Base Salary for periods following the Termination Date, as liquidated damages and additional severance pay and in consideration of the covenant of the Executive set forth in Section Subsection 14(a) hereof, the Termination Payment pursuant to Section Subsection 9(b) hereof.
Appears in 1 contract
Samples: Employment and Severance Agreement (Mgic Investment Corp)
Termination Giving Rise to a Termination Payment. (a) If there is a ------------------------------------------------ Covered Termination by the Executive for Good Reason, or by the Company other than by reason of (i) death, (ii) disability pursuant to Section 12 hereof12, or (iii) ---------- Cause (any such terminations to be subject to the procedures set forth in Section 13 hereof13), then the Executive shall be entitled to receive, and the Company ---------- shall promptly pay, Accrued Benefits and, in lieu of further base salary for periods following the Termination Date, as liquidated damages and additional severance pay and in consideration of the covenant of the Executive set forth in Section 14(a) hereof), the Termination Payment pursuant to Section 9(b) hereof.9(a). ------------- ------------
Appears in 1 contract
