Termination Without Cause, Disability or Resignation for Good Reason Sample Clauses
Termination Without Cause, Disability or Resignation for Good Reason. If Executive’s employment is terminated at any time during the Employment Period by the Company without Cause (and not for death) or pursuant to Section 5.2 (Disability) or by Executive for Good Reason (as defined in Section 6.5), subject to Section 6.6 and Section 12.7, Executive shall be entitled to:
(a) within thirty (30) days following such termination: (i) payment of Executive’s accrued and unpaid Base Salary; (ii) reimbursement of expenses under Section 7 hereof; and (iii) payment for accrued and unused vacation days, in each case accrued as of the date of termination;
(b) and:
(i) if such termination occurs other than within the time periods specified in Section 6.1(b)(ii) below – an amount equal to one (1) times Executive’s Base Salary and target Annual Cash Incentive at the time of termination of employment, payable in a single lump sum payment on the Company’s next regularly scheduled payroll date following the sixtieth (60th) day after Executive’s termination of employment, provided that such payments are subject to the provisions of Sections 6.6 and 12.7;
(ii) if such termination occurs during the twenty-four (24) month period following a Change in Control or within the twenty-four (24) month period following the Effective Date:
(A) an amount equal to two and one half (2.5) times Executive’s Base Salary and target Annual Cash Incentive, payable in a single lump sum payment on the Company’s next regularly scheduled payroll date following the sixtieth (60th) day after Executive’s termination of employment, provided that such payments are subject to the provisions of Sections 6.6 and 12.7; and
(B) full and immediate vesting in all of Executive’s equity awards under the Stock Incentive Plan and all Rollover Equity, in each case, then held by Executive as of the date of such termination provided further that any equity awards conditioned upon performance criteria, goals or objectives that so vest fully and immediately upon such a termination shall be payable at target.
(iii) if such termination occurs following a Disability under Section 5.2 – monetary payments actually received by Executive from a bona fide short-term or long-term disability plan maintained by the Company shall be used to reduce any payment made by the Company pursuant to this Section 6.1(b) on a dollar for dollar basis; provided that: (w) the disability plan payments qualify as “disability pay” under Treasury Regulation Section 31.3121(v)(2)-1(b) (4)(iv)(C); (x) such reduction doe...
Termination Without Cause, Disability or Resignation for Good Reason. If Executive’s employment is terminated at any time during the Employment Period by the Company without Cause (and not for death) or pursuant to Section 5.2 (Disability) or by Executive for Good Reason (as defined in Section 6.6), subject to Section 6.7 and Section 12.7 and except as provided in Section 6.4 hereof, Executive shall be entitled to:
(a) within thirty (30) days following such termination, (i) payment of Executive’s accrued and unpaid Base Salary, (ii) reimbursement of expenses under Section 7 hereof and (iii) payment for accrued and unused vacation days, in each case accrued as of the date of termination;
Termination Without Cause, Disability or Resignation for Good Reason. If Executive’s employment is terminated at any time during the Employment Period by the Company without Cause (and not for death) or pursuant to Section 5.2 (Disability) or by Executive for Good Reason (as defined in Section 6.5), subject to Section 6.6 and Section 12.7 , Executive shall be entitled to:
Termination Without Cause, Disability or Resignation for Good Reason. If Executive’s employment is terminated at any time during the Employment Period by the Company without Cause (and not for death) or pursuant to Section 5.2 (Disability) or by Executive for Good Reason (as defined in Section 6.5), subject to Section 6.6 and Section 12.7, Executive shall be entitled to:
(a) within thirty (30) days following such termination, (i) payment of Executive’s accrued and unpaid Base Salary, (ii) reimbursement of expenses under Section 7 hereof and (iii) payment for accrued and unused vacation days, in each case accrued as of the date of termination;
(i) If such termination occurs other than following a Change in Control – an amount equal to two (2) times Executive’s Base Salary at the time of termination of employment, payable in a single lump sum payment on the Company’s next regularly scheduled payroll date following the sixtieth (60th) day after the Executive’s termination of employment, provided that such payments are subject to the provisions of Sections 6.6 and 12.7.
(ii) If such termination occurs following a Change in Control – to the extent any such termination of employment occurs during the twenty-four- (24-) month period following a Change in Control, such severance amount shall be equal to three (3) times annual “Cash Compensation” for the year preceding the calendar year in which the Change in Control of Cedar Fair occurred, less one United States dollar (US $1.00); and such payment shall be made in a single lump sum on the Company’s next regularly scheduled payroll date following the sixtieth (60th) day after Executive’s termination, subject to Sections 6.6 and 12.7.
Termination Without Cause, Disability or Resignation for Good Reason. If Executive’s employment is terminated at any time during the Employment Period by the Company without Cause (and not for death) or pursuant to Section 5.2 (Disability) or by Executive for Good Reason (as defined in Section 6.5), subject to Section 6.6 and Section 12.7 , Executive shall be entitled to:
(a) within thirty (30) days following such termination, (i) payment of Executive’s accrued and unpaid Base Salary, (ii) reimbursement of expenses under Section 7 hereof and (iii) payment for accrued and unused vacation days, in each case accrued as of the date of termination;
(b) an amount equal to one (1) times Executive’s Base Salary payable at the same time Base Salary would be paid over the twelve- (12) month period following termination if Executive had remained employed with the Company; provided that, subject to Section 6.6 and