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

Voluntary Termination; Termination for Cause. If Executive’s employment with the Company is terminated at any time within 24 months after a Change of Control as a result of a Voluntary Termination or a Termination for Cause, then Executive shall not be entitled to receive payment of any severance benefits. Executive will receive payment(s) for all salary and unpaid vacation accrued as of the date of Executive’s termination of employment and Executive’s benefits will be continued under the Company’s then existing benefit plans and policies in accordance with such plans and policies in effect on the date of termination and in accordance with applicable law.

Appears in 3 contracts

Samples: Employment Agreement (Arthrocare Corp), Employment Agreement (Arthrocare Corp), Employment Agreement (Arthrocare Corp)

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Voluntary Termination; Termination for Cause. If Executive’s employment with the Company is terminated at any time within 24 months after a Change of Control as a result of a Voluntary Termination terminates voluntarily by Executive or a Termination for CauseCause by the Company, then Executive is not eligible for any benefits under this Agreement (except as to amounts already earned and/or stock options, warrants and/or restricted stock already vested at that time). If Executive voluntarily terminates his employment with the Company he shall not be entitled provide written notice to receive payment of any severance benefits. the Company Chief Executive will receive payment(sOfficer at least fourteen (14) for all salary and unpaid vacation accrued as of the date of Executive’s termination of employment and Executive’s benefits will be continued under the Company’s then existing benefit plans and policies in accordance with days prior to terminating such plans and policies in effect on the date of termination and in accordance with applicable lawemployment.

Appears in 2 contracts

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

Voluntary Termination; Termination for Cause. If Executive’s employment with the Company is terminated at any time within 24 months after a Change of Control as a result of a Voluntary Termination or a Termination for Cause, then Executive shall not be entitled to receive payment of any severance benefits. Executive will receive payment(s) for all salary and unpaid vacation accrued as of the date of Executive’s termination of employment and Executive’s benefits will be continued under the Company’s then existing benefit plans and policies in accordance with such plans and policies in effect on the date of termination and in accordance with applicable law.

Appears in 1 contract

Samples: Employment Agreement (Arthrocare Corp)

Voluntary Termination; Termination for Cause. If Executive’s 's employment with the Company is terminated at any time within 24 twenty-four (24) months after a Change of Control as a result of a Voluntary Termination or a Termination for Cause, then Executive shall not be entitled to receive payment of any severance benefits. Executive will receive payment(s) for all salary and unpaid vacation accrued as of the date of Executive’s 's termination of employment and Executive’s 's benefits will be continued under the Company’s 's then existing benefit plans and policies in accordance with such plans and policies in effect on the date of termination and in accordance with applicable law.

Appears in 1 contract

Samples: Employment Agreement (Conceptus Inc)

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Voluntary Termination; Termination for Cause. If Executive’s employment with the Company is terminated at any time within 24 twenty-four (24) months after a Change of Control as a result of a Voluntary Termination or a Termination for Cause, then Executive shall not be entitled to receive payment of any severance benefits. Executive will receive payment(s) for all salary and unpaid vacation accrued as of the date of Executive’s termination of employment and Executive’s benefits will be continued under the Company’s then existing benefit plans and policies in accordance with such plans and policies in effect on the date of termination and in accordance with applicable law.

Appears in 1 contract

Samples: Employment Agreement (Conceptus Inc)

Voluntary Termination; Termination for Cause. If Executive’s 's -------------------------------------------- employment with the Company is terminated at any time within 24 months after a Change of Control as a result of a Voluntary Termination or a Termination for Cause, then Executive shall not be entitled to receive payment of any severance benefits. Executive will receive payment(s) for all salary and unpaid vacation accrued as of the date of Executive’s 's termination of employment and Executive’s 's benefits will be continued under the Company’s 's then existing benefit plans and policies in accordance with such plans and policies in effect on the date of termination and in accordance with applicable law.

Appears in 1 contract

Samples: Employment Agreement (Arthrocare Corp)

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