Termination Without Cause or Termination by Executive for Good Reason Sample Clauses

Termination Without Cause or Termination by Executive for Good Reason. If Executive’s employment is terminated at any time by the Company without Cause (and not for death or Disability) or by Executive for Good Reason, subject to Section 6.6 hereof, Executive shall be entitled to:
AutoNDA by SimpleDocs
Termination Without Cause or Termination by Executive for Good Reason. In the event Executive’s employment with Fairfax, C&F or Holdings or the Companies is terminated (a) by Fairfax, C&F or Holdings or the Companies without Cause, or (b) by Executive for Good Reason, then, in any such case, Executive shall be entitled to the following:
Termination Without Cause or Termination by Executive for Good Reason. In the event that Executive's employment is terminated by the Company Without Cause or by Executive for Good Reason, the Company shall pay Executive his Earned Salary, Vested Benefits and a Severance Benefit (as such terms are hereinafter defined). In addition, if Executive's employment terminates pursuant to this subsection (i), the Company shall continue to provide to Executive the welfare benefits (other than disability insurance) referred to in Section 4, or substantially comparable benefits, until the earlier of (x) the date on which Executive is eligible to obtain comparable benefits from other employment or (y) the expiration of the Term.
Termination Without Cause or Termination by Executive for Good Reason. If Executive’s employment is terminated at the Company’s election either by means of non-renewal of the Term or without Cause or at the Executive’s election for Good Reason, Executive shall be entitled to receive the following:
Termination Without Cause or Termination by Executive for Good Reason. In the event that Executive’s employment hereunder is terminated by the Company without Cause (other than due to a non-renewal of the Term by the Company) or by Executive for Good Reason, Executive shall be entitled to receive the Accrued Benefits, the accelerated vesting and exercise benefits of equity awards described in Section 5.9, and the Severance Payments. In the event that Executive’s employment hereunder is terminated by the Company without Cause due to a non-renewal of the Term by the Company, Executive shall be entitled to receive the Accrued Benefits and the accelerated vesting and exercise benefits of equity awards described in Section 5.9 but shall not be entitled to receive the Severance Payments.
Termination Without Cause or Termination by Executive for Good Reason. In the event that Executive’s employment hereunder is terminated by Executive for Good Reason or for any reason, Executive shall be entitled to receive the Accrued Benefits. In addition, commencing on the first payroll date following the date that is sixty days following the Termination Date, the Company shall continue to pay Executive his Base Salary, in accordance with customary payroll practices and subject to applicable withholding and payroll taxes (the “Severance Payments”), for six months with a six month renewal available if Executive is still unemployed, has reasonably sought work and has been thwarted by the restrictive covenants (the “Severance Period”); provided, however, that the Severance Payments shall be conditioned upon the execution, non-revocation, and delivery of a general release of claims by Executive, in a form reasonably satisfactory to the Company, within sixty days following the Termination Date. In the event that Executive fails to timely execute and deliver such a release, the Company shall have no obligation to pay Severance Payments under this Agreement.
Termination Without Cause or Termination by Executive for Good Reason. If the Executive’s employment shall be terminated by the Company without Cause or by the Executive for Good Reason (and provided that the Executive signs, returns to the Company, and does not revoke a general release of claims presented to Executive by the Company), the Company shall pay the Executive, within thirty (30) business days following the Date of Termination all amounts set forth under 7(c) above plus additional amounts (in total, the “Termination Payments”) equal to:
AutoNDA by SimpleDocs
Termination Without Cause or Termination by Executive for Good Reason. (as defined below). If the Executive’s employment is terminated by the Corporation without Cause (but not including due to death or Disability) or terminated by the Executive for Good Reason during the Term of this Agreement, the Executive shall be entitled to the following: Base Compensation accrued through the date of termination, based on the number of days in such year that had elapsed as of the termination date; any accrued but unpaid PTO through the date of termination; any bonuses earned but unpaid with respect to fiscal years or other completed bonus periods preceding the termination date; any nonforfeitable benefits payable to the Executive under the terms of any deferred compensation, incentive or other benefit plans maintained by the Corporation, payable in accordance with the terms of the applicable plan; any expenses owed to the Executive under Sections 4(d), or 4(e); any pro-rated portion of the annual bonus that the Executive would have earned for the year in which the termination occurs (if he had remained employed for the entire year), based on the number of days in such year that had elapsed as of the termination date, payable at the time that the Corporation pays bonuses to its executive officers for such year; all of Executive’s outstanding stock options, restricted stock or other equity awards with time-based vesting shall become fully vested and, in the case of stock options, exercisable in full, and the Executive shall have the right to exercise such stock options during a period of ninety (90) days following the termination of employment; the treatment of all of Executive’s outstanding stock options, restricted stock, restricted stock units or other equity awards with performance-based vesting shall be determined in accordance with the long-term incentive plan, and any other plans, pursuant to which such awards were granted and the applicable award agreement; continued coverage under any group health plan maintained by the Corporation in which the Executive participated at the time of his termination for the period during which the Executive elects to receive continuation coverage under Section 4980B of the Code at an after-tax cost to the Executive comparable to the cost that the Executive would have incurred for the same coverage had he remained employed during such period; and a series of semi-monthly severance payments for twenty-four (24) months (the “Severance Period”), each in an amount equal to one-twenty fourth (1/24th) of ...
Termination Without Cause or Termination by Executive for Good Reason. Section 6.5.3(a) and 6.5.3(b) are hereby deleted and the following substituted therefor:
Termination Without Cause or Termination by Executive for Good Reason. In the event that Executive's employment is terminated by the Company Without Cause or by Executive for Good Reason, the Company shall pay Executive his Earned Salary, Vested Benefits and a Severance Benefit (as such terms are hereinafter defined). In addition, if required pursuant to Section 3(d) hereof, Executive shall be entitled to receive the Guaranteed Return Payment, or a portion thereof, if any.
Time is Money Join Law Insider Premium to draft better contracts faster.