Common use of Termination Without Cause by the Company Clause in Contracts

Termination Without Cause by the Company. During the Term, the Company may terminate Executive’s employment under this Agreement at any time and for any reason without Cause. If the Company terminates Executive’s employment pursuant to the provisions of this Section 4.2, Executive shall receive the compensation and benefits described in Sections 5.1 and 5.2 hereof. In the event there is a Change in Control (as defined in Section 4.7 hereof) and if the Company terminates Executive’s employment pursuant to the provisions of this Section 4.2 within twelve (12) months after a Change in Control, then Executive shall also receive any additional benefits described in Section 5.3 hereof.

Appears in 4 contracts

Samples: Employment and Noncompetition Agreement (Blackbaud Inc), Employment and Noncompetition Agreement (Blackbaud Inc), Employment and Noncompetition Agreement (Blackbaud Inc)

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Termination Without Cause by the Company. During the TermAt any time, the Company may terminate Executive’s employment under this Agreement at any time and for any reason without Cause. If Upon the Company terminates termination of Executive’s employment pursuant to the provisions of this Section 4.22(b), Executive shall receive the compensation and benefits described in Sections 5.1 and 5.2 hereofAccrued Obligations. In addition, and contingent on Executive’s timely execution and non-revocation of the event there is a Change in Control (as defined release agreement detailed in Section 4.7 hereof2(d) and if the Company terminates Executive’s employment pursuant herein, Executive shall be entitled to the provisions of this Section 4.2 within twelve (12) months after a Change in Control, then Executive shall also receive any additional benefits described in Section 5.3 hereof.following severance benefits:

Appears in 3 contracts

Samples: Severance Agreement (Cavco Industries Inc.), Severance Agreement (Cavco Industries Inc.), Severance Agreement (Cavco Industries Inc.)

Termination Without Cause by the Company. During the Term, the Company may terminate Executive’s employment under this Agreement at any time and for any reason without Cause. If the Company terminates Executive’s employment pursuant to the provisions of this Section 4.2, Executive shall receive the compensation and benefits described in Sections 5.1 and 5.2 hereof. In the event there is a Change in Control (as defined in Section 4.7 hereof) and if the Company terminates Executive’s employment pursuant to the provisions of this Section 4.2 within twelve (12) months after a Change in Control, then Executive shall also receive any additional benefits described in Section 5.3 hereof.

Appears in 1 contract

Samples: Employment and Noncompetition Agreement (Blackbaud Inc)

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Termination Without Cause by the Company. During the Term, the Company may terminate Executive’s employment under this Agreement at any time and for any reason without Cause. If the Company terminates Executive’s employment pursuant to the provisions of this Section 4.2, Executive shall receive the compensation and benefits described in Sections 5.1 and 5.2 hereof. In the event there is a Change in Control (as defined in Section 4.7 hereof) and if the Company terminates Executive’s employment without Cause pursuant to the provisions of this Section 4.2 within twelve (12) months after a Change in Control, then Executive shall also receive any additional benefits described in Section 5.3 hereof.

Appears in 1 contract

Samples: Employment and Noncompetition Agreement (Blackbaud Inc)

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