Resignation for Good Reason; Termination without Cause. In the event the Agreement Term and the Executive's employment hereunder is terminated by the Executive for Good Reason or by the Company for any reason other than for Cause, Disability or death, the Company shall pay to the Executive and provide him with the following:
Resignation for Good Reason; Termination without Cause. (1) If Executive terminates her employment for Good Reason pursuant to Section 10(d) or Employer terminates Executive without Cause pursuant to Section 10(e), and such termination is not within two (2) years following a Change of Control, Executive shall receive:
Resignation for Good Reason; Termination without Cause. Your employment shall terminate (x) immediately upon the Company’s sending you written notice terminating your employment hereunder without Cause for any reason or for no reason or (y) at the end of the Term if the Company sends you written notice of its election not to extend or renew your employment pursuant to Section 1(the events in (x) and (y) are collectively referred to as a “No Cause Termination”) or upon your resignation in the event of any (i) material breach by the Company hereunder, (iii) relocation of your principal office more than 25 miles outside of Midland, Texas or (iii) material diminution in the your position, duties or authority, which in either case is not cured within thirty (30) business days after written notice thereof by you to the Board (which notice must be provided by you to the Company within 90 days following the initial occurrence of such event) and an opportunity to cure within the notice period (collectively, “Good Reason Resignation”). Any termination on account of a Good Reason Resignation must occur within two years following the initial occurrence of such event. Upon any such No Cause Termination or Good Reason Resignation, as the case may be, the Company’s sole obligation(s) to you shall be in the case of a No Cause Termination or your Good Reason Resignation under this Section 9(c), to pay you your Base Salary for a period of 12 months after such termination (“Severance Pay”), which shall be paid as and when such amounts would have been due had your employment continued; provided that any such Severance Pay payment shall be subject to your continued compliance with the provisions of Sections 6 and 7 hereof and your (or your estate or authorized representative, as applicable) executing (and not revoking) a full general release in a form as requested by the Company, releasing all claims, known or unknown, that you may have against any Diamondback Party, their officers, directors, employees and agents, arising out of or any way related to your employment or termination of employment with the Company. Payments provided under this Section 9(c) shall be in lieu of any termination or severance payments or benefits for which you may be eligible under any of the plans, policies or programs of the Company or its affiliates or under the WARN Act or any similar state statute or regulation. If you accept other employment or engage in your own business prior to the last date of the Term, you shall promptly notify the Company.
Resignation for Good Reason; Termination without Cause. If ------------------------------------------------------ Employee's employment is terminated by Employee for Good Reason or by the Company Without Cause, Employee (or Employee's heirs or assigns if such termination is pursuant to the death of Employee) will be entitled to receive severance benefits as follows:
Resignation for Good Reason; Termination without Cause. If the Company terminates Executive’s employment without Cause or Executive resigns for Good Reason during the Term, Executive shall be entitled to receive the following severance payments in addition to the Accrued Amounts:
Resignation for Good Reason; Termination without Cause. In the event that the Employment Period and the Employee’s employment hereunder is terminated by the Employee for Good Reason or by the Company as a Termination Without Cause, the Company shall pay the Employee: (i) any earned but unpaid Base Salary through the date of termination, (ii) any unreimbursed business expenses as of the date of termination under Section 4(e) hereof and (iii) subject to Section 6(d) below, severance pay equal to six (6) months of Base Salary at the rate then in effect, payable in equal installments over a six month period following the date of termination in accordance with the normal payroll practices of the Company.
Resignation for Good Reason; Termination without Cause. If the Executive's employment is terminated by the Executive for Good Reason or by the Company without Cause, in either case at any time prior to the expiration of the Term, the Executive shall be entitled to the following benefits:
Resignation for Good Reason; Termination without Cause. In the event the Employment Period and the Executive’s employment hereunder is terminated by the Executive for Good Reason or by the Company Without Cause, the Company shall pay the Executive: (i) any earned but unpaid Base Salary through the date of termination, (ii) any earned but unpaid Annual Bonus for the fiscal year immediately preceding the fiscal year in which the Executive is terminated, (iii) any unreimbursed business expenses or other amounts due to the Executive as of the date of termination under Section 4(e) hereof, (iv) an amount equal to two times the Base Salary then in effect, payable in equal installments over two years in accordance with the normal payroll practices for senior executives and (v) an amount equal to two times the last Annual Bonus paid to the Executive prior to his termination of employment, payable in equal installments over two years in accordance with the normal payroll practices for senior executives.
Resignation for Good Reason; Termination without Cause. The Executive may terminate her employment hereunder for Good Reason. If the Executive's employment is terminated by the Executive for Good Reason or by the Employer without Cause, whether or not upon the expiration of the Term, the Executive shall be entitled (if the Executive is not entitled to a Separation Payment pursuant to subsection 4(f)) to a severance payment (the "Severance Payment") equal to (i) if the Date of Termination occurs on or before December 31, 1999, the Base Salary during the period from the Date of Termination to December 31, 1999 or (ii) if the Date of Termination occurs after December 31, 1999, the Base Salary for one year following the Date of Termination (in either case, the "Severance Period") PROVIDED, that in no event shall the Severance Period be less than one year. The Severance Payment shall be payable in a lump sum. The Executive shall also be entitled to (i) continue to receive coverage at the Employer's cost under the Employer's medical and life insurance programs until the Executive becomes covered by programs of another employer or through the end of the Severance Period whichever is sooner and (ii) exercise all stock options granted to the Executive prior to the Date of Termination regardless of whether or not such options have vested.
Resignation for Good Reason; Termination without Cause. In the event that before the Retention Payments are fully paid, PCT terminates Executive’s employment without Cause (other than by reason of death or Disability) or Executive voluntarily terminates his employment for Good Reason, or if Executive’s employment under the Employment Agreement is terminated by reason of death or Disability, in each case pursuant to the Employment Agreement, the Company shall, in full discharge of all of the Company’s obligations to the Executive hereunder or otherwise, pay to Executive or his estate, as the case may be, the unpaid Retention Payment(s). Any such payment shall be made within ten (10) business days after the date of the relevant termination in immediately available funds to an account specified by Executive or his estate, as the case may be.
