Common use of Termination by the Executive for Good Reason Clause in Contracts

Termination by the Executive for Good Reason. If the Executive terminates this Agreement for good reason, the Employer will pay the Executive (i) the Executive's Salary for the remainder, if any, of the calendar month in which such termination is effective and for three consecutive calendar months thereafter, and (ii) that portion of the Executive's Incentive Compensation (including the number of shares included in the option provided for herein), if any, for the year during which the termination is effective, prorated through the date of termination based on the number of days in the year.

Appears in 10 contracts

Samples: Employment Agreement (Vertical Health Solutions Inc), Employment Agreement (Dynamic Health Products Inc), Employment Agreement (Nutriceuticals Com Corp)

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Termination by the Executive for Good Reason. If the Executive terminates this Agreement for good reason, the Employer will pay the Executive (i) the Executive's Salary for the remainder, if any, of the calendar month in which such termination is effective and for three twelve consecutive calendar months thereafter, and (ii) that portion of the Executive's Incentive Compensation (including the number of shares included in the option provided for herein), if any, for the year during which the termination is effective, prorated through the date of termination based on the number of days in the year.

Appears in 5 contracts

Samples: Employment Agreement (Integrated Communication Networks Inc), Employment Agreement (Integrated Communication Networks Inc), Employment Agreement (Integrated Communication Networks Inc)

Termination by the Executive for Good Reason. If the Executive terminates this Agreement for good reason, the Employer will pay the Executive (i) the Executive's ’s Salary for in periodic installments according to the remainder, if any, of Employer’s customary payroll practices until six months after the calendar month in which date such termination is effective and for three consecutive calendar months thereafter, and (ii) that portion of the Executive's Incentive Compensation (including the number of shares included in the option provided for herein), if any, for the year during which the termination is effective, prorated through the date of termination based on the number of days in the year.

Appears in 5 contracts

Samples: Employment Agreement (Security With Advanced Technology, Inc.), Employment Agreement (A4s Technologies Inc), Employment Agreement (A4s Technologies Inc)

Termination by the Executive for Good Reason. If the Executive terminates this Agreement for good reason, the Employer will pay the Executive (i) the Executive's Salary for the remainder, if any, of the calendar month in which such termination is effective and for three consecutive calendar months thereafter, and (ii) that portion of the Executive's Incentive Compensation (including the number of shares included in the option provided for herein), if any, for the year during which the termination is effective, prorated through the date of termination based on the number of days in the year.

Appears in 4 contracts

Samples: Employment Agreement (Eagle Supply Group Inc), Employment Agreement (Eagle Supply Group Inc), Employment Agreement (Eagle Supply Group Inc)

Termination by the Executive for Good Reason. If the Executive terminates -------------------------------------------- this Agreement for good reason, the Employer will pay the Executive (i) the Executive's Salary for the remainder, if any, of the calendar month in which such termination is effective and for three nine (9) consecutive calendar months thereafter, and (ii) that portion of the Executive's Incentive Compensation (including the number of shares included in the option provided for herein)Compensation, if any, for the year Fiscal Year during which the termination is effective, prorated through the date of termination based on the number of days in the yeartermination.

Appears in 3 contracts

Samples: Employment Agreement (Webb Interactive Services Inc), Employment Agreement (Webb Interactive Services Inc), Employment Agreement (Webb Interactive Services Inc)

Termination by the Executive for Good Reason. If the Executive terminates this Agreement for good reason, the Employer will pay the Executive (i) the Executive's Salary for the remainder, if any, of the calendar month in which such termination is effective and for three twelve consecutive calendar months thereafter, and (ii) that portion of the Executive's Incentive Compensation (including the number of shares included in the option provided for herein)Compensation, if any, for the year during which the termination is effective, prorated through the date of termination based on the number of days in the yearFiscal Year.

Appears in 3 contracts

Samples: Employment Agreement (Freestar Technologies), Employment Agreement (Freestar Technologies), Employment Agreement (Freestar Technologies)

Termination by the Executive for Good Reason. If the Executive terminates this Agreement for good reason, the Employer will pay the Executive (i) the Executive's Salary in effect for the remainder, if any, of the calendar month in which such termination is effective and for three six consecutive calendar months thereafter, and (ii) that portion of the Executive's Incentive Compensation (including the number of shares included in the option provided for herein)Compensation, if any, for the year Fiscal Year during which the termination is effective, prorated through the date of termination based on the number of days in the yeartermination, and (iii) medical coverage for Executive at no expense to Executive for six months following termination.

Appears in 1 contract

Samples: Employment Agreement (Allis Chalmers Corp)

Termination by the Executive for Good Reason. If the Executive terminates this Agreement for good reason, the Employer will pay the Executive (i) the Executive's Salary for the remainder, if any, of the calendar month in which such termination is effective and for three consecutive calendar months thereaftereffective, and (ii) that portion of the Executive's Incentive Compensation (including the number of shares included in the option provided for herein)Compensation, if any, for the year Fiscal Year during which the termination is effective, prorated through the date of termination based on the number of days in the yeartermination.

Appears in 1 contract

Samples: Employment Agreement (BMB Munai Inc)

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Termination by the Executive for Good Reason. If the Executive terminates -------------------------------------------- this Agreement for good reason, the Employer will pay the Executive (i) the Executive's Salary for the remainder, if any, of the calendar month in which such termination is effective and for three twelve consecutive calendar months thereafter, and (ii) that portion of the Executive's Incentive Compensation (including the number of shares included in the option provided for herein)Compensation, if any, for the year Fiscal Year during which the termination is effective, prorated through the date of termination based on the number of days in the yeartermination.

Appears in 1 contract

Samples: Employment Agreement (Webb Interactive Services Inc)

Termination by the Executive for Good Reason. If the Executive terminates this Agreement for good reason, the Employer will pay the Executive (i) the Executive's Salary for the remainder, if any, of the calendar month in which such termination is effective and for three consecutive calendar months thereafterEmployment Period as if this Agreement had not terminated, provided, however, that Incentive Compensation pursuant to Sections 3.2(A) and (iiB) that portion shall be payable if, as of the Executive's Incentive Compensation (including the number of shares included in the option provided for herein), if any, for the year during which the termination is effective, prorated through the date of termination based on termination, there is then pending before the number Bankruptcy Court a Plan of days in the yearReorganization which is thereafter confirmed by such Court.

Appears in 1 contract

Samples: Employment Agreement (Grant Geophysical Inc)

Termination by the Executive for Good Reason. If the Executive terminates this Agreement for good reason, the Employer will pay the Executive (i) the Executive's Salary for the remainder, if any, of the calendar month in which such termination is effective and for three six (6) consecutive calendar months thereafter, and (ii) that portion of the Executive's Incentive Compensation (including the number of shares included in the option provided for herein), if any, for the year during which the termination is effective, prorated through the date of termination based on the number of days in the year.

Appears in 1 contract

Samples: Employment Agreement (Integrated Communication Networks Inc)

Termination by the Executive for Good Reason. If the Executive terminates this Agreement for good reasonGood Reason, the Employer will Company shall pay the Executive (i) the Executive's Salary for the remainderher salary, if any, of the calendar month in which such termination is effective Bonus and for three consecutive calendar months thereafter, and (ii) that portion of the Executive's Incentive Compensation (including the number of shares included in the option provided for herein), if any, for the year during which the termination is effective, prorated other benefits earned or accrued through the effective date of termination based on the number of days in the yeartermination.

Appears in 1 contract

Samples: Employment Agreement (Realbiz Media Group, Inc)

Termination by the Executive for Good Reason. If the Executive terminates this Agreement for good reason, the Employer will pay the Executive (i) the Executive's Salary for the remainder, if any, of the calendar month in which such termination is effective and for three twelve consecutive calendar months thereafter, and (ii) that portion of the Executive's Incentive Compensation (including the number of shares included in the option provided for herein)Compensation, if any, for the year Fiscal Year during which the termination is effective, prorated through the date of termination based on the number of days in the yeartermination.

Appears in 1 contract

Samples: Employment Agreement (Primal Solutions Inc)

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