Common use of Termination Without Just Cause Clause in Contracts

Termination Without Just Cause. If, prior to the end of the term of this Agreement, the Company terminates Executive's employment without "just cause" (as defined in subsection (d) below), Executive shall be entitled to receive, as damages payable as a result of, and arising from, the Company's breach of this Agreement, the compensation and benefits set forth in clauses (i) through (v) below. The time periods for which compensation and benefits will be provided with respect to (i) through (iv) below is referred to herein as the "Continuation Period", which means the time period remaining from the date of Executive's termination of employment to the end of the remaining term of this Agreement as provided in Section 4 above. Except to the extent provided in clause (ix) hereof, Executive shall have no duty to mitigate any of the damages payable hereunder. The fact that Executive is eligible for retirement, including early retirement, under applicable retirement plans at the time of Executive's termination shall not make Executive ineligible to receive benefits under this Section 5(c).

Appears in 7 contracts

Samples: Employment Agreement (Interface Inc), Employment Agreement (Interface Inc), Employment Agreement (Interface Inc)

AutoNDA by SimpleDocs

Termination Without Just Cause. If, prior to the end of the term of this Agreement, the Company terminates Executive's employment without "just cause" (as defined in subsection (d) below), Executive shall be entitled to receive, as damages payable as a result of, and arising from, the Company's breach of this Agreement, the compensation and benefits set forth in clauses (i) through (vvi) below. The time periods for which compensation and benefits will be provided with respect to (i) through (iv) below is referred to herein as the "Continuation Period", which means the time period remaining from the date of Executive's termination of employment to the end of the remaining term of this Agreement as provided in Section 4 above. Except to the extent provided in clause (ixx) hereof, Executive shall have no duty to mitigate any of the damages payable hereunder. The fact that Executive is eligible for retirement, including early retirement, under applicable retirement plans or his Salary Continuation Agreement (see clause (vi) below) at the time of Executive's termination shall not make Executive ineligible to receive benefits under this Section 5(c).

Appears in 7 contracts

Samples: Employment Agreement (Interface Inc), Employment Agreement (Interface Inc), Employment Agreement (Interface Inc)

AutoNDA by SimpleDocs

Termination Without Just Cause. If, prior to the end of the term of this Agreement, the Company terminates Executive's ’s employment without "just cause" (as defined in subsection (dSection 5(d) below), or if a “Voluntary Termination” occurs within 24 months following the date of a “Change in Control” (as such terms are defined in the Change in Control Agreement between Executive and Company) or within six months prior to the date of the Change in Control and is related to such Change in Control, Executive shall be entitled to receive, as damages payable as a result of, and arising from, the Company's ’s breach of this Agreement, the compensation and benefits set forth in clauses (i) through (v) below. The time periods for which compensation and benefits will be provided with respect to (i) through (iv) below is referred to herein as the "Continuation Period", which means the time period remaining from the date of Executive's termination of employment to the end of the remaining term of this Agreement as provided in Section 4 above. Except to the extent provided in clause (ix) hereof, Executive shall have no duty to mitigate any of the damages payable hereunder. The fact that Executive is eligible for retirement, including early retirement, under applicable retirement plans at the time of Executive's ’s termination shall not make Executive ineligible to receive benefits under this Section 5(c).

Appears in 1 contract

Samples: Employment Agreement (Interface Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.