Common use of Voluntary Termination; Termination for Cause Clause in Contracts

Voluntary Termination; Termination for Cause. If Executive’s employment with the Company terminates voluntarily by Executive (other than as described in subsection (c) below) or for Cause by the Company or due to Executive’s death or disability, or involuntarily for any reason within one hundred and eighty (180) days of commencement of employment, then (i) all vesting of Stock Awards will immediately cease, (ii) all payments of compensation by the Company to Executive hereunder will terminate immediately (except as to amounts already earned), and (iii) Executive will only be eligible for severance benefits, if any, in accordance with the Company’s established policies as then in effect.

Appears in 2 contracts

Samples: Hawkins Employment Agreement (Natus Medical Inc), Hawkins Employment Agreement (Natus Medical Inc)

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Voluntary Termination; Termination for Cause. If Executive’s employment with the Company terminates voluntarily by Executive (other than as described in subsection (c) below) or for Cause is terminated by the Company or due to Executive’s death or disabilityfor Cause, or involuntarily by Executive for any reason within one hundred and eighty (180) days of commencement of employmentreason, but other than pursuant to a Voluntary Termination for Good Reason, then (iA) all further vesting of Stock Awards any stock option, restricted stock award or other Company equity compensation held by Executive will cease immediately cease, (ii) and all payments of rights to receive further compensation by the Company to Executive hereunder will terminate immediately (except as to amounts already earned), and (iiiB) Executive will only be eligible for severance benefits, if any, benefits in accordance with the Company’s established policies as then in effect.

Appears in 2 contracts

Samples: Employment Agreement (Pc Tel Inc), Singer Employment Agreement (Pc Tel Inc)

Voluntary Termination; Termination for Cause. If Executive’s employment with the Company terminates voluntarily by Executive (other than as described in subsection (c) belowfor Good Reason by Executive) or for Cause by the Company or due to Executive’s death or disability, or involuntarily for any reason within one hundred and eighty (180) days of commencement of employment, then (i) all vesting of Stock Awards unvested or restricted shares of Company common stock or of any outstanding options under any stock option and stock incentive plans of the Company or otherwise held by Executive will immediately cease, terminate immediately; (ii) all payments of compensation by the Company to Executive hereunder will terminate immediately (except as to amounts already earnedthe Accrued Obligations), and (iii) Executive will only be eligible for severance benefits, if any, benefits in accordance with the Company’s established policies as then in effect.

Appears in 1 contract

Samples: Bianco Employment Agreement (Cell Therapeutics Inc)

Voluntary Termination; Termination for Cause. If Executive’s employment with the Company terminates voluntarily by Executive (other than as described in subsection (c) below) or for Cause by the Company or due to Executive’s death or disability, or involuntarily for any reason within one hundred and eighty (180) days of commencement of employment, then (i) all vesting of Stock Awards Options will immediately cease, (ii) all payments of compensation by the Company to Executive hereunder will terminate immediately (except as to amounts already earned), and (iii) Executive will only be eligible for severance benefits, if any, in accordance with the Company’s established policies as then in effect.

Appears in 1 contract

Samples: Hawkins Employment Agreement (Natus Medical Inc)

Voluntary Termination; Termination for Cause. If Executive’s employment with the Company terminates voluntarily by Executive (other than as described in subsection (c) belowfor Good Reason by Executive) or for Cause by the Company or due to Executive’s death or disability, or involuntarily for any reason within one hundred and eighty (180) days of commencement of employment, then (i) all vesting of Stock Awards then outstanding and unvested options, restricted stock or other equity or equity-based awards granted by the Company to the Executive under any stock option and stock incentive plans of the Company or otherwise will immediately cease, terminate immediately; (ii) all payments of compensation by the Company to Executive hereunder will terminate immediately (except as to amounts already earnedthe Accrued Obligations), and (iii) Executive will only be eligible for severance benefits, if any, benefits in accordance with the Company’s established policies as then in effect.

Appears in 1 contract

Samples: Employment Agreement (Cti Biopharma Corp)

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Voluntary Termination; Termination for Cause. If Executive’s employment with the Company terminates voluntarily voluntarily, other than for Good Reason (as defined in Section 7(c) hereof) by Executive (other than as described in subsection (c) below) or for Cause by the Company or due to Executive’s death or disability, or involuntarily for any reason within one hundred and eighty (180) days of commencement of employmentCompany, then (i) all vesting of Stock Awards unvested or restricted shares of Company common stock or of any outstanding options under any stock option and stock incentive plans of the Company or otherwise will immediately cease, terminate immediately; (ii) all payments of compensation by the Company to Executive hereunder will terminate immediately (except as to amounts already earned), and (iii) Executive will only be eligible for severance benefits, if any, benefits in accordance with the Company’s established policies as then in effect.

Appears in 1 contract

Samples: James Bianco Employment Agreement (Cell Therapeutics Inc)

Voluntary Termination; Termination for Cause. If Executive’s employment with the Company terminates voluntarily by Executive (other than as described in subsection (c) below) or for Cause by the Company or due to Executive’s death or disability, or involuntarily for any reason within one hundred and eighty (180) days of commencement of employment, then (i) all vesting of Stock Awards Options and restricted stock and restricted stock units will immediately cease, (ii) all payments of compensation by the Company to Executive hereunder will terminate immediately (except as to amounts already earned), and (iii) Executive will only be eligible for severance benefits, if any, in accordance with the Company’s established policies as then in effect.

Appears in 1 contract

Samples: John Buhler Employment Agreement (Natus Medical Inc)

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