With or without Good Reason or Without Good Cause Sample Clauses

With or without Good Reason or Without Good Cause. At any time, either Executive, with or without Good Reason, or the Company, without Good Cause, may terminate this Agreement and Executive's employment; provided, however, Executive may only be terminated without Good Cause by the Company during the Initial Term hereof if such termination is approved by at least fifty-one percent (51%) of the members of the Board of Directors of RV Centers. Any such termination by Executive or the Company shall be effective thirty (30) days after written notice of such termination is provided to the other party. Should this Agreement be terminated by the Company without Good Cause or by Executive with Good Reason during the Initial Term, Executive shall receive from the Company an amount equal to the base salary at the rate then in effect for the greater of (i) the time period remaining under the Initial Term of this Agreement or (ii) one (1) year. Should this Agreement be terminated by the Company without Good Cause or by Executive with Good Reason during any Renewal Term, Executive shall receive from the Company an amount equal to the base salary at the rate then in effect for the greater of (i) the time period remaining under such Renewal Term or (ii) six (6) months. Such amount, in all cases, shall be paid in equal monthly payments on the last regular payday of each month for all Company employees. Further, any termination without Good Cause by the Company or with Good Reason by Executive shall operate to shorten the period set forth in paragraph 3(a) and during which the terms of paragraph 3 apply to one (1) year from the date of termination of employment. If Executive resigns or otherwise terminates his employment without Good Reason, Executive shall receive no severance compensation except as may be provided in paragraph 11 hereof, but shall be entitled to reimbursement for reasonable business expenses incurred prior to the date of resignation or termination as provided in paragraph 2 hereof. Executive shall be deemed to have "Good Reason" to terminate this Agreement and employment hereunder upon the occurrence of any of the following events:
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With or without Good Reason or Without Good Cause. At any time, either Employee, with or without Good Reason (as defined below), or the Company, without Good Cause, may terminate this Agreement and Employee's employment. Any such termination by Employee or the Company shall be effective thirty (30) days after written notice of such termination is provided to the other party. Should this Agreement be terminated by the Company without Good Cause or by Employee with Good Reason, Employee shall receive from the Company an amount equal to two hundred percent (200%) of the base salary then in effect for the greater of (i) the time period remaining under the Initial Term or the current Renewal Term of this Agreement, or (ii) one (1) year. Such amount, in all cases, shall be paid in equal monthly payments on the last regular payday of each month for all Company employees. If Employee resigns or otherwise terminates his employment without Good Reason, Employee shall receive no severance compensation, but shall be entitled to reimbursement for all reasonable business expenses incurred prior to the date of resignation or termination as provided in Section 2 hereof. Employee shall be deemed to have "Good Reason" to terminate this Agreement and employment hereunder upon the occurrence of any of the following events:
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Related to With or without Good Reason or Without Good Cause

  • For Cause or Without Good Reason If Executive’s employment is terminated by the Company for Cause or by Executive without Good Reason, the Company shall pay Executive the Accrued Obligations, and the Company shall have no further obligations to Executive under this Agreement.

  • Without Good Reason Upon thirty (30) days’ prior written notice by the Employee to the Company of the Employee’s voluntary termination of employment without Good Reason (which the Company may, in its sole discretion, make effective earlier than any notice date).

  • Termination Without Good Reason Executive shall have the right to terminate the Period of Employment and Executive’s employment hereunder at any time without Good Reason (as defined below) upon thirty (30) days prior written notice of such termination to the Company. Any such termination by the Executive without Good Reason shall be treated for all purposes of this Agreement as a termination by the Company for Cause and the provisions of Section 7(a) shall apply.

  • Termination for Good Reason or Without Cause If the Employment Period shall be terminated prior to the expiration of the third anniversary of the Start Date (or the end of the Employment Period as extended pursuant to Section 5.01) (a) by the Executive for Good Reason, or (b) by the Company without Cause, provided the Executive has delivered a signed Release of claims reasonably satisfactory to the Company (the “Release”) to the Company pursuant to the notice provision of Section 10.07 within thirty (30) days of the Date of Termination and not revoked the Release within the seven-day revocation period provided for in the Release, the Executive shall be paid solely (i) Base Salary through the Date of Termination and any annual bonus awarded in accordance with the Company‘s bonus program but not yet paid; (ii) an amount equal to one (1) times the Base Salary and one (1) times the target annual bonus amount, provided that the Executive shall be entitled to any unpaid amounts only if the Executive has not breached and does not breach the provisions of Sections 6.01 and 7.01 hereof; (iii) a pro-rata portion of the Executive’s target bonus for the year of termination, calculated by reference to the number of days during the bonus year during which he was employed by the Company; (iv) payment for all accrued, but unused, vacation time through the Date of Termination; (v) payment for reasonable outplacement assistance services actually incurred by the Executive associated with seeking another employment position within 12 months of the Date of Termination; and (vi) promptly following any such termination, the Executive shall be reimbursed all Reimbursable Expenses incurred by the Executive prior to such termination. The amounts described in clauses (i), (ii), and (iv) above will be paid in a single lump sum within ten (10) days after the Date of Termination; provided, however, that no amount shall be paid until expiration of the 7-day statutory revocation period with respect to the release referred to in this Section 5.02 above. The amount described in clause (iii) shall be paid in accordance with the terms of the applicable plan subject to the attainment of the performance goals applicable to such bonus award. The amount described in clause (v) shall be paid no later than the end of the calendar year following the year in which such expense is incurred by the Executive. The terms of all Company restricted stock units, stock options and other equity based awards will be as set forth in the applicable award agreements and medical benefits shall be as provided in Section 5.05 below. The Executive’s entitlements under any other benefit plan or program shall be as determined thereunder, except that severance benefits shall not be payable under any other plan or program. Notwithstanding the foregoing, if a termination of employment results in severance benefits being paid under an change in control agreement (or any successor thereto), no amounts or benefits will be paid to the Executive under this Section 5.02 or 5.05.

  • Termination for Cause or Without Good Reason If the Executive’s employment should be terminated (i) by the Company for Cause, or (ii) by the Executive without Good Reason, the Company shall pay to the Executive any Accrued Amounts only, and shall not be obligated to make any additional payments to the Executive.

  • Resignation without Good Reason The Executive may resign from the Executive’s employment without Good Reason.

  • With or Without Cause The Company may terminate the Executive's employment during the Employment Period with or without Cause. For purposes of this Agreement, "Cause" shall mean:

  • Termination Without Cause or With Good Reason If Executive’s employment is terminated by the Company without Cause or by Executive for Good Reason, the Company shall pay to Executive:

  • Without Cause or With Good Reason i. In addition to termination pursuant to Sections 10(a) through 10(e), the Board may, by written notice to Executive, immediately terminate his employment at any time for a reason other than Cause (a termination “Without Cause”) and Executive may, by written notice to the Board, immediately terminate this Agreement at any time within ninety (90) days following an event constituting “Good Reason,” as defined below (a termination “With Good Reason”).

  • By the Executive Without Good Reason The Executive may terminate his employment without Good Reason at any time upon sixty (60) days’ notice to the Company. The Board may elect to waive such notice period or any portion thereof but, in such event, will pay to the Executive the Base Salary for the period so waived.

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