Common use of Termination Without Cause or Resignation for Good Reason Clause in Contracts

Termination Without Cause or Resignation for Good Reason. In the event that the Company or its successor terminates Executive’s employment without Cause or Executive resigns for Good Reason and Executive is not entitled to receive the severance pay and benefits described in Section 3 below, Executive will be entitled to receive the following payment and benefits, provided that prior to the sixtieth (60th) day following the date of such termination Executive has signed a general release of known and unknown claims in a form satisfactory to the Company, and the period for revocation has lapsed without the general release having been revoked:

Appears in 7 contracts

Samples: Retention and Ownership Change Event Agreement (Immersion Corp), Retention and Ownership Change Event Agreement (Immersion Corp), Retention and Ownership Change Event Agreement (Immersion Corp)

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Termination Without Cause or Resignation for Good Reason. In the event that If the Company or its successor terminates Executive’s employment without Cause and other than for death or Disability, or Executive resigns terminates his employment for Good Reason Reason, the Company shall pay Executive a Cash Severance Amount and provide Executive is not entitled to receive with the severance pay benefits set forth in subparagraphs (i) and benefits described in (ii) of this Section 3 below8(a) (collectively, Executive will the “Severance Pay”). The Severance Pay shall be entitled subject to receive the following payment and benefitsSection 21 and, provided that prior to the sixtieth (60th) day following the date of such termination Executive has signed a general release of known and unknown claims in a form satisfactory to the Companyextent applicable, and the period for revocation has lapsed without the general release having been revoked:Section 27.

Appears in 6 contracts

Samples: Employment Agreement (Glori Energy Inc.), Employment Agreement (Glori Energy Inc.), Employment Agreement (Glori Energy Inc.)

Termination Without Cause or Resignation for Good Reason. In the event that If the Company or its successor terminates Executive’s employment without Cause and other than for death or Disability, or Executive resigns terminates his employment for Good Reason Reason, the Company shall pay Executive a Cash Severance Amount and provide Executive is not entitled to receive with the severance pay and benefits described set forth in subparagraphs (i) through (v) below (collectively, the “Severance Pay”). The Severance Pay shall be subject to Section 3 below22 and, Executive will be entitled to receive the following payment and benefits, provided that prior to the sixtieth (60th) day following the date of such termination Executive has signed a general release of known and unknown claims in a form satisfactory to the Companyextent applicable, and the period for revocation has lapsed without the general release having been revoked:Section 28.

Appears in 5 contracts

Samples: Employment Agreement (RigNet, Inc.), Employment Agreement (RigNet, Inc.), Employment Agreement (RigNet, Inc.)

Termination Without Cause or Resignation for Good Reason. In the event that the Company or its successor terminates If Executive’s employment with the Company is terminated without Cause or Executive resigns for Good Reason and Reason, then the Company shall pay Executive is not entitled to receive the severance pay and benefits described in Section 3 below, Executive will be entitled to receive the following payment and benefits, provided that prior to the sixtieth (60th) day following any earned but unpaid Base Salary through the date of termination, at the rates then in effect, less standard tax deductions and withholdings, within ten (10) business days following such termination termination. In addition, if Executive has signed a general furnishes to the Company an executed waiver and release of known and unknown claims in a form satisfactory attached as Exhibit C to this Agreement (the Company“Release”), and if Executive allows such Release to become effective in accordance with its terms, then the period for revocation has lapsed without Executive shall receive the general release having been revokedfollowing benefits:

Appears in 3 contracts

Samples: Employment Agreement, Employment Agreement (Axovant Sciences Ltd.), Employment Agreement (Axovant Sciences Ltd.)

Termination Without Cause or Resignation for Good Reason. In If the event that the Company or its successor -------------------------------------------------------- Executive's employment terminates Executive’s employment without due to a Termination Without Cause or Executive resigns a Resignation for Good Reason and the Executive is not entitled to shall receive the severance pay and benefits described in Section 3 below, Executive will be entitled to receive the following payment and benefits, provided that prior equal to the sixtieth base salary (60thbut not the bonus) day payable to the Executive under Section 3(a) for the six months immediately following the date of such termination Executive has signed a general release of known and unknown claims in a form satisfactory or resignation. Notwithstanding anything herein to the Companycontrary, and in no event shall the Company be obligated to pay any amount to the Executive with respect to any period for revocation has lapsed without the general release having been revoked:after such six-month period.

Appears in 2 contracts

Samples: Employment Agreement (Ixl Enterprises Inc), Employment Agreement (Ixl Enterprises Inc)

Termination Without Cause or Resignation for Good Reason. In the event that the Company or its successor terminates If Executive’s employment is terminated by Company without Cause or if Executive resigns for with Good Reason and Executive is not entitled to receive the severance pay and benefits described in Section 3 belowReason, Executive will be entitled to receive the following payment payments and benefitsbenefits (“Severance Benefits”), provided that prior Employee shall not be entitled to receive any of the sixtieth Severance Benefits unless he executes and does not revoke a full release of claims against Company, in form and substance reasonably acceptable to Company, within forty-five (60th45) day days following the effective date of such the termination Executive has signed a general release of known and unknown claims in a form satisfactory to the Company, and the period for revocation has lapsed without the general release having been revokedhis employment:

Appears in 1 contract

Samples: Executive Severance Agreement (Intellicheck Mobilisa, Inc.)

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Termination Without Cause or Resignation for Good Reason. In the event that the Company or its successor terminates Executive’s 's employment without Cause or Executive resigns for Good Reason and Executive is not entitled to receive the severance pay and benefits described in Section 3 below, Executive will be entitled to receive the following payment and benefits, provided that prior to the sixtieth (60th) day following the date of such termination Executive has signed a general release of known and unknown claims in a form satisfactory to the Company, and the period for revocation has lapsed without the general release having been revoked:

Appears in 1 contract

Samples: Retention and Ownership (Immersion Corp)

Termination Without Cause or Resignation for Good Reason. In the event that the Company or its successor terminates If Executive’s employment is terminated by the Company without Cause or if Executive resigns for Good Reason Reason, then, subject to Section 10 and Executive is not entitled the requirement to receive the severance pay and benefits described delay certain payments in Section 3 below26, and in addition to the amounts provided in Section 8, Executive will be entitled to receive the following payment and benefits, provided that prior to the sixtieth (60th) day following the date of such termination Executive has signed a general release of known and unknown claims in a form satisfactory to severance benefits from the Company, and the period for revocation has lapsed without the general release having been revoked:

Appears in 1 contract

Samples: Employment Agreement (Outdoor Channel Holdings Inc)

Termination Without Cause or Resignation for Good Reason. In the event that the Company or its successor terminates Executive’s employment without Cause or Executive resigns for Good Reason and Executive is not entitled to receive the severance pay and benefits described in Section 3 below, Executive will be entitled to receive the following payment and benefits, provided that prior to the sixtieth thirtieth (60th30th) day following the date of such termination Executive has signed a general release of known and unknown claims in a form satisfactory to the Company, and the period for revocation has lapsed without the general release having been revoked:

Appears in 1 contract

Samples: Retention and Ownership Change Event Agreement (Immersion Corp)

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