Common use of Covered Termination Clause in Contracts

Covered Termination. If there is any termination of the Executive’s employment during the Employment Period (subject to Section 9(e)) by the Executive for Good Reason (as defined below), or by the Company other than by reason of (i) death pursuant to Section 8(a), (ii) disability pursuant to Section 8(b), or (iii) Cause (a “Covered Termination”), then the Executive shall be entitled to receive, and the Company shall promptly pay, that portion of the base salary under Section 5(a) earned through the date of the termination and, in lieu of further base salary for periods following such termination, as liquidated damages and additional severance pay, the Termination Payment pursuant to Section 9(c).

Appears in 11 contracts

Samples: Hudson Global Executive Employment Agreement (Hudson Global, Inc.), Employment Agreement (Hudson Highland Group Inc), Employment Agreement (Hudson Highland Group Inc)

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Covered Termination. If there is any termination of the Executive’s employment during the Employment Period (subject to Section 9(e8(e)) by the Executive for Good Reason (as defined below), or by the Company other than by reason of (i) death pursuant to Section 8(a7(a), (ii) disability pursuant to Section 8(b7(b), or (iii) Cause (a “Covered Termination”), then the Executive shall be entitled to receive, and the Company shall promptly pay, that portion of the base salary under Section 5(a4(a) earned through the date of the termination and, in lieu of further base salary for periods following such termination, as liquidated damages and additional severance pay, the Termination Payment pursuant to Section 9(c8(c).

Appears in 9 contracts

Samples: Hudson Highland Group Executive Employment Agreement (Hudson Highland Group Inc), Hudson Highland Group Executive Employment Agreement (Hudson Highland Group Inc), Employment Agreement (Hudson Highland Group Inc)

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