Common use of Termination of Employment by Executive Clause in Contracts

Termination of Employment by Executive. (a) The Executive may terminate this Agreement at any time with Good Reason. If any such termination shall occur on or before December 31st, 2001, then, in such event, not later than the Termination Date specified in the Termination Notice, the Company shall pay to the Executive, in cash, an amount equal to (i) the Executive's Compensation, determined as of the date of the Termination Notice, multiplied by (ii) the greater of (A) the number of years and any portion of a year remaining in the term of this Agreement or (B) two (subject to applicable payroll and/or other taxes required by law to be withheld). If any such termination shall occur after December 31st, 2001, then, in such event, not later than the Termination Date specified in the Termination Notice, the Company shall pay to the Executive, in cash, an amount equal to (i) the Executive's Compensation, determined as of the date of the Termination Notice, multiplied by two (subject to applicable payroll and/or other taxes required by law to be withheld).

Appears in 6 contracts

Samples: Employment Agreement (Arielle Corp), Employment Agreement (Arielle Corp), Employment Agreement (Arielle Corp)

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Termination of Employment by Executive. (a) The Executive may terminate this Agreement at any time with Good Reason. If any such termination shall occur on or before December 31st5, 20012003, then, in such event, not later than the Termination Date specified in the Termination Notice, the Company shall pay to the Executive, in cash, an amount equal to (i) the Executive's Compensation, determined as of the date of the Termination Notice, multiplied by (ii) the greater of (A) the number of years and any portion of a year remaining in the term of this Agreement or (B) by the number two (2) (subject to applicable payroll and/or other taxes required by law to be withheld). If any such termination shall occur after December 31st5, 20012003, then, in such event, not later than the Termination Date specified in the Termination Notice, the Company shall pay to the Executive, in cash, an amount equal to (i) the Executive's Compensation, determined as of the date of the Termination Notice, multiplied by (ii) two (2) (subject to applicable payroll and/or other taxes required by law to be withheld).

Appears in 2 contracts

Samples: Employment Agreement (Health Express Usa Inc), Employment Agreement (Health Express Usa Inc)

Termination of Employment by Executive. (a) The Executive may terminate this Agreement at any time with Good Reason. If any such termination shall occur on or before December 31stMarch 2nd, 20012002, then, in such event, not later than the Termination Date specified in the Termination Notice, the Company shall pay to the Executive, in cash, an amount equal to (i) the Executive's Compensation, determined as of the date of the Termination Notice, multiplied by (ii) the greater of (A) the number of years and any portion of a year remaining in the term of this Agreement or (B) two 2.99 (subject to applicable payroll and/or other taxes required by law to be withheld). If any such termination shall occur after December 31stMarch 2nd, 20012002, then, in such event, not later than the Termination Date specified in the Termination Notice, the Company shall pay to the Executive, in cash, an amount equal to (i) the Executive's Compensation, determined as of the date of the Termination Notice, multiplied by two (ii) 2.99 (subject to applicable payroll and/or other taxes required by law to be withheld).

Appears in 2 contracts

Samples: Employment Agreement (Sims Communications Inc), Employment Agreement (Sims Communications Inc)

Termination of Employment by Executive. (a) The Executive may terminate this Agreement at any time with Good Reason. If any such termination shall occur on or before December 31st31, 20012000, then, in such event, not later than the Termination Date specified in the Termination Notice, the Company shall pay to the Executive, in cash, an amount equal to (i) the Executive's Compensation, determined as of the date of the Termination Notice, multiplied by (ii) the greater of (A) the number of years and any portion of a year remaining in the term of this Agreement or (B) two three (subject to applicable payroll and/or other taxes required by law to be withheld). If any such termination shall occur after December 31st31, 20012000, then, in such event, not later than the Termination Date specified in the Termination Notice, the Company shall pay to the Executive, in cash, an amount equal to (i) the Executive's Compensation, determined as of the date of the Termination Notice, multiplied by two (ii) three (subject to applicable payroll and/or other taxes required by law to be withheld).

Appears in 2 contracts

Samples: Employment Agreement (Hac Inc), Employment Agreement (Homeowners Group Inc)

Termination of Employment by Executive. (a) The Executive may terminate this Agreement at any time with Good Reason. If any such termination shall occur on or before December 31stMay 1st, 20012004, then, in such event, not later than the Termination Date specified in the Termination Notice, the Company shall pay to the Executive, in cash, an amount equal to (i) the Executive's Compensation, determined as of the date of the Termination Notice, multiplied by (ii) the greater of (A) the number of years and any portion of a year remaining in the term of this Agreement or (B) two (subject to applicable payroll and/or other taxes required by law to be withheld). If any such termination shall occur after December 31stMay 1st, 20012003, then, in such event, not later than the Termination Date specified in the Termination Notice, the Company shall pay to the Executive, in cash, an amount equal to (i) the Executive's Compensation, determined as of the date of the Termination Notice, multiplied by two (subject to applicable payroll and/or other taxes required by law to be withheld).

Appears in 1 contract

Samples: Employment Agreement (Method Products Corp /De)

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Termination of Employment by Executive. (a) The Executive may terminate this Agreement at any time with Good Reason. If any such termination shall occur on or before December 31stMay 1st, 20012003, then, in such event, not later than the Termination Date specified in the Termination Notice, the Company shall pay to the Executive, in cash, an amount equal to (i) the Executive's Compensation, determined as of the date of the Termination Notice, multiplied by (ii) the greater of (A) the number of years and any portion of a year remaining in the term of this Agreement or (B) two (subject to applicable payroll and/or other taxes required by law to be withheld). If any such termination shall occur after December 31stMay 1st, 20012003, then, in such event, not later than the Termination Date specified in the Termination Notice, the Company shall pay to the Executive, in cash, an amount equal to (i) the Executive's Compensation, determined as of the date of the Termination Notice, multiplied by two (subject to applicable payroll and/or other taxes required by law to be withheld).

Appears in 1 contract

Samples: Employment Agreement (Method Products Corp /De)

Termination of Employment by Executive. (a) The Executive may terminate this Agreement at any time with Good Reason. If any such termination shall occur on or before December 31stAugust 29, 20012003, then, in such event, not later than the Termination Date specified in the Termination Notice, the Company shall pay to the Executive, in cash, an amount equal to (i) the Executive's Compensation, determined as of the date of the Termination Notice, multiplied by (ii) the greater of (A) the number of years and any portion of a year remaining in the term of this Agreement or (B) two 2.99 (subject to applicable payroll and/or other taxes required by law to be withheld). If any such termination shall occur after December 31stSeptember 3, 20012003, then, in such event, not later than the Termination Date specified in the Termination Notice, the Company shall pay to the Executive, in cash, an amount equal to (i) the Executive's Compensation, determined as of the date of the Termination Notice, multiplied by two (ii) 2.99 (subject to applicable payroll and/or other taxes required by law to be withheld).

Appears in 1 contract

Samples: Employment Agreement (Signature Leisure Inc)

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