Payments Following Termination without Cause Sample Clauses

Payments Following Termination without Cause. If, at any time, the Company terminates the Executive’s employment hereunder without Cause, including by providing a written notice of termination under Section 3 above, then the Executive shall be entitled to receive: (a) any accrued and unpaid Base Compensation and Benefits through the date of termination; (b) payment of COBRA premiums, if Executive timely elects and maintains COBRA coverage, to the same extent premiums for the same coverage would be paid by the Company had Executive remained employed, for a period of twelve (12) months after the date of termination; (c) the Bonus Payment for the fiscal year in which the termination occurs (assuming achievement of any applicable Performance Objectives), multiplied by a fraction the numerator of which is the number of days from the first day of such fiscal year until the date of termination and the denominator of which is 365, paid in a lump sum within sixty (60) days of Executive’s termination of employment; (d) reimbursement for all unreimbursed expenses incurred through the date of termination that are reimbursable pursuant to Section 5 hereof; and (e) severance pay from the date of termination for a period of twelve (12) months (the “Severance Period”), in an amount equal to the Base Compensation at the rate in effect immediately prior to the date of termination, which severance pay shall commence on the first payroll period following the sixtieth day following Executive’s termination of employment and which shall be payable during the Severance Period in accordance with the Company’s customary payroll practices. Payment of the amounts set forth in parts (b), (c) and (e) above are contingent on Executive’s execution of a form of release of claims provided by the Company on or within forty-five days of Executive’s termination of employment and the expiration of any revocation periods applicable to the release having expired on or within sixty (60) days following Executive’s termination of employment. The Executive shall accept the payments provided for in this Section 8.2 in full discharge and release of the Company of and from any other obligations under this Agreement.
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Related to Payments Following Termination without Cause

  • Payments Following Termination (a) If the Employment is terminated for any reason, either by the Company or by the Executive’s resignation, then the Company shall pay the Executive the following amounts as part of the Company’s next regular payroll cycle but in no event later than thirty (30) days after the Termination Date, to the extent that the same have not already been paid;

  • Compensation Following Termination In the event that Executive’s employment hereunder is terminated, Executive shall be entitled only to the following compensation and benefits upon such termination:

  • Termination Other Than a Qualifying Termination If the termination of the Executive’s employment with the Company Group is not a Qualifying Termination, then the Executive will not be entitled to receive severance or other benefits.

  • Termination Without Cause The Company may terminate the Executive’s employment hereunder at any time without Cause. Any termination by the Company of the Executive’s employment under this Agreement which does not constitute a termination for Cause under Section 3(c) and does not result from the death or disability of the Executive under Section 3(a) or (b) shall be deemed a termination without Cause.

  • Termination Without Cause or Constructive Termination Without Cause In the event the Executive's employment is terminated without Cause, other than due to disability or death, or in the event there is a Constructive Termination Without Cause, the Executive shall be entitled to:

  • Effect of Termination Without Cause If Employee's employment is terminated "Without Cause":

  • Termination without Cause or Resignation for Good Reason in Connection with a Change of Control If the Company or its Affiliates terminate Executive’s employment with the Company or its Affiliates, respectively, without Cause or Executive resigns from such employment for Good Reason within twelve (12) months following a Change of Control, and Executive signs and does not revoke a separation agreement and release of claims with the Company (in a form acceptable to the Company), then Executive will receive the following severance from the Company:

  • Involuntary Termination Without Cause In the event of the Participant’s involuntary Termination by the Company without Cause, the vested portion of the Option shall remain exercisable until the earlier of (i) ninety (90) days from the date of such Termination, and (ii) the expiration of the stated term of the Option pursuant to Section 3(d) hereof.

  • Involuntary Termination Without Cause and Voluntary Termination with Good Reason With written notice to the Executive at least thirty (30) days in advance, the Bank may terminate the Executive’s employment without Cause. Termination shall take effect at the end of the notice period. With advance written notice to the Bank as provided in clause (y), the Executive may terminate employment for Good Reason. If the Executive’s employment terminates involuntarily without Cause or voluntarily but with Good Reason, the Executive shall be entitled to the benefits specified in Article 4 of this Agreement. For purposes of this Agreement, a voluntary termination by the Executive shall be considered a voluntary termination with Good Reason if the conditions stated in both clauses (x) and (y) of this Section 3.4 are satisfied:

  • Termination Without Cause by Company The Company may terminate this Agreement at any time during the Term without “Cause” upon 5 days written notice to Employee.

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