Common use of Voluntary Termination, Termination for Cause, Termination for Death or Disability Clause in Contracts

Voluntary Termination, Termination for Cause, Termination for Death or Disability. In the case of a termination of Executive’s employment hereunder for Death in accordance with Section 6.1 above, or Executive’s Voluntary termination of employment hereunder in accordance with Section 6.3 above, or a termination of Executive’s employment hereunder for Cause in accordance with Section 6.4 above, (i) Executive shall not be entitled to receive payment of, and the Company shall have no obligation to pay, any severance or similar compensation attributable to such termination, other than Base Salary earned but unpaid, accrued but unused vacation to the extent required by the Company’s policies and any non-reimbursed expenses pursuant to Section 4 hereof incurred by Executive as of the termination date, and (ii) the Company’s obligations under this Agreement shall immediately cease except (x) as required by law and (y) as provided in Section 16.1 below. Provided further, in the event of a termination of Executive’s employment hereunder for Cause in accordance with Section 6.4 above, Executive shall tender back to the Company all unexercised options granted to Executive by the Company in connection with Executive’s employment.

Appears in 5 contracts

Samples: Restricted Stock Agreement (Itec Environmental Group Inc), Employment Agreement (Itec Environmental Group Inc), Restricted Stock Agreement (Itec Environmental Group Inc)

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Voluntary Termination, Termination for Cause, Termination for Death or Disability. In the case of a termination of Executive’s 's employment hereunder for Death in accordance with Section 6.1 above, or Executive’s 's Voluntary termination of employment hereunder in accordance with Section 6.3 6.2 above, or a termination of Executive’s 's employment hereunder for Cause in accordance with Section 6.4 6.3 above, (i) Executive shall not be entitled to receive payment of, and the Company shall have no obligation to pay, any severance or similar compensation attributable to such termination, other than Base Salary compensation earned but unpaid, accrued but unused vacation to the extent required by the Company’s 's policies and any non-reimbursed expenses pursuant to Section 4 hereof incurred by Executive as of the termination date, and (ii) the Company’s 's obligations under this Agreement shall immediately cease except (x) as required by law and (y) as provided in Section 16.1 belowcease. Provided further, in the event of Executive's Voluntary termination of employment hereunder in accordance with Section 6.2 above, or a termination of Executive’s 's employment hereunder for Cause in accordance with Section 6.4 6.3 above, Executive shall tender back to the Company all unexercised unvested options granted to Executive by the Company in connection with Executive’s 's employment.

Appears in 4 contracts

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

Voluntary Termination, Termination for Cause, Termination for Death or Disability. In the case of a termination of Executive’s employment hereunder for Death in accordance with Section 6.1 above, or Executive’s Voluntary termination of employment hereunder in accordance with Section 6.3 above, or a termination of Executive’s employment hereunder for Cause in accordance with Section 6.4 above, (i) Executive shall not be entitled to receive payment of, and the Company shall have no obligation to pay, any severance or similar compensation attributable to such termination, other than Base Salary earned but unpaid, accrued but unused vacation to the extent required by the Company’s policies and any non-reimbursed expenses pursuant to Section 4 hereof incurred by Executive as of the termination date, and (ii) the Company’s obligations under this Agreement shall immediately cease except (x) as required by law and (y) as provided in Section 16.1 belowlaw. Provided further, in the event of Executive’s Voluntary termination of employment hereunder in accordance with Section 6.3 above, or a termination of Executive’s employment hereunder for Cause in accordance with Section 6.4 above, Executive shall tender back to the Company all unexercised options granted to Executive by the Company in connection with Executive’s employment.

Appears in 3 contracts

Samples: Executive Employment Agreement (DotVN, Inc.), Executive Employment Agreement (DotVN, Inc.), Executive Employment Agreement (DotVN, Inc.)

Voluntary Termination, Termination for Cause, Termination for Death or Disability. In the case of a termination of Consulting Executive’s 's employment hereunder for Death in accordance with Section 6.1 above, or Consulting Executive’s 's Voluntary termination of employment hereunder in accordance with Section 6.3 6.2 above, or a termination of Consulting Executive’s 's employment hereunder for Cause in accordance with Section 6.4 6.3 above, (i) Consulting Executive shall not be entitled to receive payment of, and the Company shall have no obligation to pay, any severance or similar compensation attributable to such termination, other than Base Salary compensation earned but unpaid, accrued but unused vacation to the extent required by the Company’s 's policies and any non-reimbursed expenses pursuant to Section 4 hereof incurred by Consulting Executive as of the termination date, and (ii) the Company’s 's obligations under this Agreement shall immediately cease except (x) as required by law and (y) as provided in Section 16.1 belowcease. Provided further, in the event of Consulting Executive's Voluntary termination of employment hereunder in accordance with Section 6.2 above, or a termination of Consulting Executive’s 's employment hereunder for Cause in accordance with Section 6.4 6.3 above, Consulting Executive shall tender back to the Company all unexercised unvested options granted to Consulting Executive by the Company in connection with Consulting Executive’s 's employment.

Appears in 3 contracts

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

Voluntary Termination, Termination for Cause, Termination for Death or Disability. In the case of a termination of Executive’s employment hereunder for Death in accordance with Section 6.1 5.1 above, or Executive’s Voluntary termination of employment hereunder in accordance with Section 6.3 5.3 above, or a termination of Executive’s employment hereunder for Cause in accordance with Section 6.4 5.4 above, (i) Executive shall not be entitled to receive payment of, and the Company shall have no obligation to pay, any severance or similar compensation attributable to such termination, other than Base Salary the Earnings Entitlement earned but unpaid, accrued but unused vacation to the extent required by the Company’s policies and any non-reimbursed expenses pursuant to Section 4 hereof incurred by Executive as of the termination date, and (ii) the Company’s obligations under this Agreement shall immediately cease except (x) as required by law and (y) as provided in Section 16.1 15.1 below. Provided further, in the event of a termination of Executive’s employment hereunder for Cause in accordance with Section 6.4 5.4 above, Executive shall tender back to the Company all unexercised options granted to Executive by the Company in connection with Executive’s employment.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Eco2 Plastics Inc), Restricted Stock Agreement (Itec Environmental Group Inc)

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Voluntary Termination, Termination for Cause, Termination for Death or Disability. In the case of a termination of Executive’s 's employment hereunder for Death in accordance with Section 6.1 above, or Executive’s 's Voluntary termination of employment hereunder in accordance with Section 6.3 above, or a termination of Executive’s 's employment hereunder for Cause in accordance with Section 6.4 above, (i) Executive shall not be entitled to receive payment of, and the Company shall have no obligation to pay, any severance or similar compensation attributable to such termination, other than Base Salary earned but unpaid, accrued but unused vacation to the extent required by the Company’s 's policies and any non-reimbursed expenses pursuant to Section 4 hereof incurred by Executive as of the termination date, and (ii) the Company’s 's obligations under this Agreement shall immediately cease except (x) as required by law and (y) as provided in Section 16.1 belowlaw. Provided further, in the event of Executive's Voluntary termination of employment hereunder in accordance with Section 6.3 above, or a termination of Executive’s 's employment hereunder for Cause in accordance with Section 6.4 above, Executive shall tender back to the Company all unexercised options granted to Executive by the Company in connection with Executive’s 's employment.

Appears in 1 contract

Samples: Executive Employment Agreement (Worldtradeshow Com Inc)

Voluntary Termination, Termination for Cause, Termination for Death or Disability. In the case of a termination of Executive’s 's employment hereunder for Death in accordance with Section SECTION 6.1 above, or Executive’s 's Voluntary termination of employment hereunder in accordance with Section 6.3 SECTION 6.2 above, or a termination of Executive’s 's employment hereunder for Cause in accordance with Section 6.4 SECTION 6.3 above, (i) Executive shall not be entitled to receive payment of, and the Company shall have no obligation to pay, any severance or similar compensation attributable to such termination, other than Base Salary earned but unpaid, accrued but unused vacation to the extent required by the Company’s 's policies and any non-reimbursed expenses pursuant to Section SECTION 4 hereof incurred by Executive as of the termination date, and (ii) the Company’s 's obligations under this Agreement shall immediately cease except (x) as required by law and (y) as provided in Section 16.1 belowcease. Provided further, in the event of Executive's Voluntary termination of employment hereunder in accordance with SECTION 6.2 above, or a termination of Executive’s 's employment hereunder for Cause in accordance with Section 6.4 SECTION 6.3 above, Executive shall tender back to the Company all unexercised options option shares granted to Executive by the Company in connection with Executive’s 's employment.

Appears in 1 contract

Samples: Employment Agreement (Dendo Global Corp)

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