Examples of Accrued Benefits in a sentence
Upon the termination of this Agreement and Executive’s employment with the REIT Operator for any reason, Executive will be entitled to the Accrued Benefits (as defined in Section 4(e) hereof).
If Executive’s employment hereunder is terminated due to Executive’s death or Disability, Executive shall receive the Accrued Benefits, but shall not receive any equity described above in section 3.C, Equity Award, that has not vested as of the date of termination.
The offer to any amount beyond the Accrued Benefits described in Section 2 of this Agreement will be automatically withdrawn if Employee does not execute this Agreement within the Release Deadline.
If the Executive’s employment is terminated (x) by the Company for Cause, or (y) by the Executive without Good Reason, the Company shall pay to the Executive the Accrued Benefits, other than the benefits described in Sections 8(a)(ii), (iii), and (v) hereof.
In the event that the Executive’s employment and the Employment Term end on account of the Executive’s Disability, the Company shall pay or provide the Executive with the Accrued Benefits.