Common use of Without Cause by the Company Clause in Contracts

Without Cause by the Company. The Employment Term and the Executive's employment hereunder may be terminated by the Company without "Cause." If the Executive's employment is terminated by the Company without "Cause" (other than by reason of Disability or death), the Executive shall be entitled to receive (i) any accrued and unpaid Base Salary and Benefits, (ii) continuation of the Executive's Base Salary for a period of twelve (12) months from the date of termination (the "SEVERANCE PAYMENT"), (iii) continuation of the Executive's health and dental insurance coverage on the same basis as those benefits are generally made available to other executives of the Company and (iv) a Pro Rata Bonus. Upon termination of Executive's employment by the Company without Cause pursuant to this Section 7(c), Executive shall have no additional rights to any compensation or any other benefits under this Agreement. All other benefits, if any, due Executive following Executive's termination of employment by the Company without Cause shall be determined in accordance with the plans, policies and practices of the Company.

Appears in 4 contracts

Samples: Employment Agreement (Interline Brands Inc), Employment Agreement (Interline Brands Inc), Employment Agreement (Interline Brands Inc)

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Without Cause by the Company. The Employment Term and the Executive's ’s employment hereunder may be terminated by the Company without "Cause." If the Executive's ’s employment is terminated by the Company without "Cause" (other than by reason of Disability or death), the Executive shall be entitled to receive (i) any accrued and unpaid Base Salary and Benefits, (ii) continuation of the Executive's ’s Base Salary for a period of twelve (12) months from the date of termination (the "SEVERANCE PAYMENT"“Severance Payment”), (iii) continuation of the Executive's ’s health and dental insurance coverage on the same basis as those benefits are generally made available to other executives of the Company for a period of twelve (12) months from the date of termination and (iv) a Pro Rata Bonus. Upon termination of Executive's ’s employment by the Company without Cause pursuant to this Section 7(c12(c), Executive shall have no additional rights to any compensation or any other benefits under this Agreement. All other benefits, if any, due Executive following Executive's ’s termination of employment by the Company without Cause shall be determined in accordance with the plans, policies and practices of the Company.

Appears in 1 contract

Samples: Employment Agreement (Interline Brands, Inc./De)

Without Cause by the Company. The Employment Term and the Executive's ’s employment hereunder may be terminated by the Company without "Cause." If the Executive's ’s employment is terminated by the Company without "Cause" (other than by reason of Disability or death), the Executive shall be entitled to receive (i) any accrued and unpaid Base Salary and Benefits, (ii) continuation of the Executive's ’s Base Salary for a period of twelve (12) months from the date of termination (the "SEVERANCE PAYMENT"), (iii) continuation of the Executive's ’s health and dental insurance coverage on the same basis as those benefits are generally made available to other executives of the Company and (iv) a Pro Rata Bonus. Upon termination of Executive's ’s employment by the Company without Cause pursuant to this Section 7(c), Executive shall have no additional rights to any compensation or any other benefits under this Agreement. All other benefits, if any, due Executive following Executive's ’s termination of employment by the Company without Cause shall be determined in accordance with the plans, policies and practices of the Company.

Appears in 1 contract

Samples: Employment Agreement (Interline Brands, Inc./De)

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Without Cause by the Company. The Employment Term and the Executive's employment hereunder may be terminated by the Company without "Cause." If the Executive's employment is terminated by the Company without "Cause" (other than by reason of Disability or death), the Executive shall be entitled to receive (i) any accrued and unpaid Base Salary and Benefits, (ii) continuation of the Executive's Base Salary for a period of twelve (12) months from the date of termination (the "SEVERANCE PAYMENTSeverance Payment"), (iii) continuation of the Executive's health and dental insurance coverage on the same basis as those benefits are generally made available to other executives of the Company and (iv) a Pro Rata Bonus. Upon termination of Executive's employment by the Company without Cause pursuant to this Section 7(c), Executive shall have no additional rights to any compensation or any other benefits under this Agreement. All other benefits, if any, due Executive following Executive's termination of employment by the Company without Cause shall be determined in accordance with the plans, policies and practices of the Company.

Appears in 1 contract

Samples: Employment Agreement (Interline Brands, Inc./De)

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