Common use of Termination without Good Reason/Termination For Cause/Expiration of Employment Term Clause in Contracts

Termination without Good Reason/Termination For Cause/Expiration of Employment Term. Upon: (i) termination of the Employee’s employment by the Employee without Good Reason pursuant to Section 2.2(c) hereof; (ii) termination of the Employee’s employment by the Company for Cause pursuant to Section 2.2(f) hereof; or (iii) the expiration of the Employment Term pursuant to Section 2.2(d), Employee shall be entitled to receive (a) any accrued yet unpaid base salary through the date of termination, (b) any accrued yet unpaid bonus payable on account of any calendar year ending prior to the year in which the termination occurs (but not any bonus payable on account of any calendar year during which the termination occurs), (c) benefits through the date of termination, and (d) reimbursement of reimbursable expenses incurred prior to the date of termination.

Appears in 2 contracts

Samples: Employment, Non Competition And (Vitacost.com, Inc.), Employment, Non Competition and Proprietary Rights Agreement (Vitacost.com, Inc.)

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Termination without Good Reason/Termination For Cause/Expiration of Employment Term. Upon: (i) termination of the Employee’s employment by the Employee without Good Reason pursuant to Section 2.2(c) hereof; (ii) termination of the Employee’s employment by the Company for Cause pursuant to Section 2.2(f2.2(d) hereof; or (iii) the expiration of the Employment Term pursuant to Section 2.2(d)Term, Employee shall be entitled to receive (a) any accrued yet unpaid base salary through the date of termination, (b) any accrued yet unpaid bonus payable on account of any calendar year ending prior to the year in which the termination occurs (but not any bonus payable on account of any calendar year during which the termination occurs), (c) benefits through the date of termination, and (d) reimbursement of reimbursable expenses incurred prior to the date of termination.

Appears in 2 contracts

Samples: Employment, Non Competition and Proprietary Rights Agreement (Vitacost.com, Inc.), Employment, Non Competition and Proprietary Rights Agreement (Vitacost.com, Inc.)

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