Common use of Other Compensation and Benefits Clause in Contracts

Other Compensation and Benefits. If: (i) the Company terminates Executive’s employment for Cause or as a result of Executive’s death or disability, or (ii) if Executive resigns Executive’s employment at any time, except as a result of a Constructive Termination during the Change in Control Period, then this Agreement shall automatically terminate (except for Article V and Article VII, which shall continue in effect), and upon such termination, the Company shall have no further obligation to Executive, Executive’s spouse or estate, except that the Company shall pay to Executive the amount of Executive’s Base Annual Salary, and unused vacation pay, accrued to the date of such termination.

Appears in 5 contracts

Samples: Employment Agreement (Orexigen Therapeutics, Inc.), Employment Agreement (Orexigen Therapeutics, Inc.), Employment Agreement (Orexigen Therapeutics, Inc.)

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Other Compensation and Benefits. If: (i) the Company terminates Executive’s employment for Cause or as a result of Executive’s his death or disability, or (ii) if Executive resigns Executive’s his employment at any time, except as a result of a Constructive Termination during the Change in Control Period, then this Agreement shall automatically terminate (except for Article V and Article VII, which shall continue in effect), and upon such termination, the Company shall have no further obligation to Executive, Executive’s his spouse or estate, except that the Company shall pay to Executive the amount of Executive’s his Amended Base Annual Salary, and unused vacation pay, accrued to the date of such termination.

Appears in 5 contracts

Samples: Employment Agreement (Orexigen Therapeutics, Inc.), Employment Agreement (Orexigen Therapeutics, Inc.), Employment Agreement (Orexigen Therapeutics, Inc.)

Other Compensation and Benefits. If: (i) the Company terminates Executive’s employment for Cause or as a result of Executive’s his death or disability, or (ii) if Executive resigns Executive’s his employment at any time, except as a result of a Constructive Termination during the Change in Control Period, then this Agreement shall automatically terminate (except for Article V and Article VII, which shall continue in effect), and upon such termination, the Company shall have no further obligation to Executive, Executive’s his spouse or estate, except that the Company shall pay to Executive the amount of Executive’s his Base Annual Salary, and unused vacation pay, accrued to the date of such termination.

Appears in 2 contracts

Samples: Employment Agreement (Orexigen Therapeutics, Inc.), Employment Agreement (Orexigen Therapeutics, Inc.)

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Other Compensation and Benefits. If: (i) the Company terminates Executive’s employment for Cause or as a result of Executive’s [his or her] death or disability, or (ii) if Executive resigns Executive’s [his or her] employment at any time, except as a result of a Constructive Termination during the Change in Control Period, then this Agreement shall automatically terminate (except for Article V and Article VII, which shall continue in effect), and upon such termination, the Company shall have no further obligation to Executive, Executive’s [his or her] spouse or estate, except that the Company shall pay to Executive the amount of Executive’s his Base Annual Salary, and unused vacation pay, accrued to the date of such termination.

Appears in 1 contract

Samples: Employment Agreement (Orexigen Therapeutics, Inc.)

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