With Cause; Resignation; Death or Disability Sample Clauses

With Cause; Resignation; Death or Disability. If the Executive's employment is terminated with Cause pursuant to Section 6(b), if the Executive's employment is terminated by the death or disability of the Executive pursuant to Section 6(c) or if the Executive elects to terminate his employment voluntarily under Section 6(f) (other than for Good Reason), the Executive's salary and other benefits specified in Section 4 shall cease at the time of such termination; provided, however, that (i) the Executive shall be entitled to continue to participate in the Company's medical benefit plans to the extent required by law and shall be entitled to the reimbursement for expenses incurred by him through the date of termination pursuant to Section 5, and (ii) in the case of termination due to death or disability, the Executive or his estate shall continue to receive his then current annual base salary payable under Section 4(a) for a period of three months from the date of termination.
Sample 1Sample 2Sample 3See All (4)
AutoNDA by SimpleDocs
With Cause; Resignation; Death or Disability. If the Employee's employment is terminated with Cause pursuant to Section 8(b), if the Employee's employment is terminated by the death or disability of the Employee pursuant to Section 8(c) or if the Employee elects to terminate his employment under Section 8(e), the Employee's salary and other benefits specified in Section 4 shall cease at the time of such termination; provided, however, that the Employee shall be entitled to continue to participate in the Company's medical benefit plans to the extent required by law and shall be entitled to the reimbursement for expenses incurred by him through the date of termination pursuant to Section 5.
Sample 1Sample 2Sample 3
With Cause; Resignation; Death or Disability. If the Employee's employment is terminated with Cause pursuant to Section 8(b) or if the Employee's employment is terminated by the death or disability of the Employee pursuant to Section 8(c) or if the Employee elects to terminate his employment, the Employee's salary and other benefits specified in Section 4 shall cease at the time of such termination; provided, however, that the Employee shall be entitled to all salary and bonuses which are accrued through the date of termination, shall be entitled to continue to participate in the Company's medical benefit plans to the extent required by law and shall retain any stock options which have vested through the date of termination in the manner provided in the Stock Option Agreement.
Sample 1Sample 2
With Cause; Resignation; Death or Disability. If the Employee’s employment is terminated with Cause pursuant to Section 11(a), if the Employee’s employment is terminated by the death or disability of the Employee pursuant to Section 11(b), or if the Employee elects to terminate his employment, the Employee’s salary and other benefits specified in Sections 5 and 6 shall cease at the time of such termination; provided, however, that the Employee shall be paid for all accrued and unused vacation and be entitled to continue to participate in the Company’s medical benefit plans to the extent required by law. Further, in the event the Employee’s employment is terminated by the death or disability of the Employee pursuant to Section 11(b), the Employee will be entitled to be paid a prorata amount of additional compensation, if any, which would have been earned by the Employee based upon the earnings of the Company as of the end of the quarter during which the Employee’s death or termination by disability occurred. By way of example, in the event the Employee died on September 15 during the Employment Term and the Company, at the end of any calendar quarter, earned 110% of its targeted business Plan for the entire employment year, the Employee would be entitled to the amount of bonus which would have been paid pursuant to Section 5 of this Agreement in the event the Employee had survived the entire year based upon such 110% achievement. Further, the Employee shall be entitled to such life insurance and/or disability benefits in the event of a death or disability as the Company provides pursuant to Section 6 above.
Sample 1
With Cause; Resignation; Death or Disability. If the Executive's employment is terminated with Cause pursuant to Section 6(b), if the Executive's employment is terminated by the death or disability of the Executive pursuant to Section 6(c) or if the Executive elects to terminate his employment voluntarily under Section 6(f) (other than for Good Reason), the Executive's salary and other benefits specified in Section 4 shall cease at the time of such termination; provided, however, that the Executive shall be entitled to continue to participate in the Company's medical benefit plans to the extent required by law and shall be entitled to the reimbursement for expenses incurred by him through the date of termination pursuant to Section 5.
Sample 1
With Cause; Resignation; Death or Disability. If the Executive's employment is terminated with Cause pursuant to Section 8(b), if the Executive's employment is terminated by the death or disability of the Executive pursuant to Section 8(c), or if the Executive elects to terminate his employment other than for Good Reason, the Executive's salary and other benefits specified in Section 4 shall cease at the time of such termination; provided, however, that the Executive or his estate shall be paid for all accrued and unused vacation and be entitled to continue to participate in the Company's medical benefit plans to the extent required by law. Further, in the event the Executive's employment is terminated by the death or disability of the Executive pursuant to Section 8(c), the Executive or his estate will be entitled to be paid a prorata amount of bonus, if any, which would have been earned by the Executive based upon the earnings of the Company as of the end of the quarter during which the Executive's death or termination by disability occurred.
Sample 1
With Cause; Resignation; Death or Disability. If the Employee’s employment is terminated with Cause pursuant to Section 6(a), if the Employee’s employment is terminated by the death or disability of the Employee pursuant to Section 6(b), or if the Employee elects to terminate his employment, the Employee’s salary and other benefits specified in Sections 5 and 7 shall cease at the time of such termination; provided, however, that the Employee shall be paid for all accrued and unused vacation and be entitled to continue to participate in the Employer’s medical benefit plans to the extent required by law. Further, in the event the Employee’s employment is terminated by the death or disability of the Employee pursuant to Section 6(b), the Employee will be entitled to be paid a prorata amount of additional compensation, if any, pursuant to Section 5(a)(ii), which would have been earned by the Employee based upon the earnings of the Employer as of the end of the quarter during which the Employee’s death or termination by disability occurred.
Sample 1
AutoNDA by SimpleDocs

Related to With Cause; Resignation; Death or Disability

  • Termination for Death or Disability If the Employee's employment is terminated by death or because of disability pursuant to Section 4.3, the Company shall pay to the estate of the Employee or to the Employee, as the case may be, all sums which would otherwise be payable to the Employee under Section 3 up to the end of the month in which the termination of his employment because of death or disability occurs.

  • Termination for Cause; Resignation If Executive’s employment terminates due to a Termination for Cause (as defined below) or a Resignation (as defined below), Base Salary earned but unpaid as of the date of such termination will be paid to Executive in a lump sum and the Company will have no further obligations to Executive hereunder. In the event any termination of Executive’s employment for any reason, Executive if so requested by the Company agrees to assist in the orderly transfer of authority and responsibility to Executive’s successor.

  • Termination by Death or Disability In the event of the death of EMPLOYEE or the inability of EMPLOYEE to perform the obligations described in this Agreement with or without accommodation by reason of disability or some other occurrence beyond the control of either party, and such inability to perform has continued or will continue beyond a reasonable period of time, but not less than 60 days, this Agreement shall terminate as a termination with cause and all future obligations between the parties shall cease upon the termination date reasonably established by LSU, unless otherwise required by law.

  • Termination for Cause; Voluntary Termination If at any time during the Term the Executive’s employment with the Company is terminated pursuant to Section 4.6 or 4.7, the Executive shall be entitled to only the following:

  • Termination Without Cause; Resignation for Good Reason (i) The Company may terminate Executive’s employment with the Company at any time without Cause (as defined below). Further, Executive may resign at any time for Good Reason (as defined below).

  • Good Reason; Other Than for Cause, Death or Disability If, during the Employment Period, the Company shall terminate the Executive's employment other than for Cause or Disability or the Executive shall terminate employment for Good Reason:

  • Death or Disability The Executive's employment shall terminate automatically upon the Executive's death during the Employment Period. If the Company determines in good faith that the Disability of the Executive has occurred during the Employment Period (pursuant to the definition of Disability set forth below), it may give to the Executive written notice in accordance with Section 12(b) of this Agreement of its intention to terminate the Executive's employment. In such event, the Executive's employment with the Company shall terminate effective on the 30th day after receipt of such notice by the Executive (the "Disability Effective Date"), provided that, within the 30 days after such receipt, the Executive shall not have returned to full-time performance of the Executive's duties. For purposes of this Agreement, "Disability" shall mean the absence of the Executive from the Executive's duties with the Company on a full-time basis for 180 consecutive business days as a result of incapacity due to mental or physical illness which is determined to be total and permanent by a physician selected by the Company or its insurers and acceptable to the Executive or the Executive's legal representative.

  • Termination Upon Death or Disability If Executive dies during the Term, the obligations of the Company to or with respect to Executive shall terminate in their entirety except as otherwise provided under this Section 4.1. If Executive becomes eligible for disability benefits under the Company’s long-term disability plans and arrangements (or, if none, if Executive by virtue of ill health or other disability is unable to perform substantially and continuously the duties assigned to him for at least 120 consecutive or non-consecutive days out of any consecutive 12-month period), the Company shall have the right, to the extent permitted by law, to terminate the employment of Executive upon notice in writing to Executive; provided that the Company will have no right to terminate Executive’s employment if, in the reasonable opinion of a qualified physician acceptable to the Company, it is substantially certain that Executive will be able to resume Executive’s duties on a regular full-time basis within 30 days of the date Executive receives notice of such termination. Upon death or other termination of employment by virtue of disability in accordance with this Section 4.1, Executive (or Executive’s estate or beneficiaries in the case of the death of Executive) shall have no right to receive any compensation or benefit hereunder on and after the effective date of the termination of employment other than (i) Annual Salary and other benefits earned and accrued under this Agreement prior to the date of termination (and reimbursement under this Agreement for expenses incurred prior to the date of termination); (ii) a cash payment equal to the prorated portion of the Annual Bonus at the “target” level for the Contract Year or partial Contract Year in which Executive’s employment hereunder terminates; (iii) elimination of any exclusively time-based vesting conditions on any restricted stock, stock option or other equity awards in the Company he had been granted which he then continues to hold, to the extent then unvested (it being expressly understood and agreed that any performance-based vesting conditions (whether or not in tandem with such time-based vesting conditions) will continue in effect in accordance with their terms, except as may otherwise be provided to the contrary in the applicable award agreements); (iv) in the event of Executive’s death, (A) a cash payment equal to two months of Executive’s Annual Salary payable no later than 10 days after such termination, and (B) continuation to Executive’s spouse and dependents of fully paid health insurance benefits under the Company’s health plans and programs applicable to senior executives of the Company generally (if and as in effect from time to time) during the one year following the date of termination; and (v) Executive (or, in the case of his death, his estate and beneficiaries) shall have no further rights to any other compensation or benefits hereunder on or after the termination of employment, or any other rights hereunder.

  • Involuntary Termination for Cause If the Employee's employment is terminated for Cause, then the Employee shall not be entitled to receive severance payments. The Employee's benefits will be terminated under the Company's then existing benefit plans and policies in accordance with such plans and policies in effect on the date of termination.

  • Voluntary Resignation; Termination for Cause If Executive’s employment with the Company terminates (i) voluntarily by Executive (other than for Good Reason) or (ii) for Cause by the Company, then Executive will not be entitled to receive severance or other benefits except for those (if any) as may then be established under the Company’s then existing severance and benefits plans and practices or pursuant to other written agreements with the Company.

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