Common use of Termination Payments and Benefits Clause in Contracts

Termination Payments and Benefits. If, during the Employment Term, the Executive’s employment hereunder is terminated by the Company without Cause, by reason of the Executive’s death or Disability, or the Executive terminates his employment for Good Reason, subject to (i) the Executive’s execution and non-revocation of a release of claims against the Company within 60 days following the date of the Executive’s termination of employment, in the form attached hereto as Exhibit B, (ii) the terms of Section 14 and (iii) the Executive’s continued compliance with the covenants of Sections 12 and 13 (collectively, the “Restrictive Covenants”) as set forth in Section 10(f), the Company shall pay to the Executive such payments and make available to the Executive such benefits as are set forth in this Section 10. In addition, upon any termination of employment, the Executive shall be entitled to the payments and benefits and entitlements as are described in Section 10(e).

Appears in 2 contracts

Samples: Employment Agreement (HealthMarkets, Inc.), Employment Agreement (HealthMarkets, Inc.)

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Termination Payments and Benefits. If, during the Employment Term, the Executive’s employment hereunder is terminated by the Company without Cause, by reason of the Executive’s death or Disability, or the Executive terminates his employment for Good Reason, subject to (i) the Executive’s execution and non-revocation of a release of claims against the Company within 60 days following the date of the Executive’s termination of employment, in the form attached hereto as Exhibit BA, (ii) the terms of Section 14 13 and (iii) the Executive’s continued compliance with the covenants of Sections 11 and 12 and 13 (collectively, the “Restrictive Covenants”) as set forth in Section 10(f9(f), the Company shall pay to the Executive such payments and make available to the Executive such benefits as are set forth in this Section 109. In addition, upon any termination of employment, the Executive shall be entitled to the payments and benefits and entitlements as are described in Section 10(e9(e).

Appears in 1 contract

Samples: Employment Agreement (HealthMarkets, Inc.)

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Termination Payments and Benefits. If, during the Employment Term, the Executive’s employment hereunder is terminated by the Company without Cause, by reason of the Executive’s death or Disability, Disability or the Executive terminates his employment for Good Reason, subject to (i) the Executive’s execution and non-revocation of a release of claims against the Company within 60 days following the date of the Executive’s termination of employment, substantially in the form attached hereto as Exhibit BD, (ii) the terms of Section 14 and (iii) the Executive’s continued compliance with the covenants of Sections 11 and 12 and 13 (collectively, the “Restrictive Covenants”) as set forth in Section 10(f9(h), during the Payment Period, then in such case the Company shall be obligated to pay to the Executive such payments and make available to the Executive such benefits as are set forth in this Section 10. In addition, upon any termination of employment, 9 during the Executive shall be entitled to the payments and benefits and entitlements as are described in Section 10(e)Payment Period.

Appears in 1 contract

Samples: Employment Agreement (HealthMarkets, Inc.)

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