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

Termination Without Cause; Termination for Good Reason. In the event (i) Executive terminates his or her employment with the Company for Good Reason (as defined herein) or (ii) Executive is terminated by the Company without Cause (as defined herein), Executive shall be entitled to receive the following severance benefits if Executive executes a general release with language acceptable to the Company on or before the effective date of termination, the standard form of which is attached hereto as Exhibit A (the “Release Agreement”):

Appears in 6 contracts

Samples: Employment Agreement (Luna Innovations Inc), Employment Agreement (Luna Innovations Inc), Employment Agreement (Luna Innovations Inc)

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Termination Without Cause; Termination for Good Reason. In the event (i) Executive terminates his or her employment with the Company for Good Reason (as defined herein) or (ii) Executive is terminated by the Company without Cause (as defined herein), Executive shall be entitled to receive the following severance benefits if Executive executes a general release with language acceptable to the Company on or before Release Agreement within the effective applicable time period set forth therein, but in no event later than forty-five (45) days following the date of termination, the standard form of which termination (such latest permitted date is attached hereto as Exhibit A (the “Release AgreementAgreement Deadline):), and permits the Release Agreement to become effective in accordance with its terms:

Appears in 6 contracts

Samples: Employment Agreement (Luna Innovations Inc), Employment Agreement (Luna Innovations Inc), Employment Agreement (Luna Innovations Inc)

Termination Without Cause; Termination for Good Reason. In the event that within twelve months following a Change in Control (i) Executive terminates his or her employment with the Company for Good Reason (as defined herein) or (ii) Executive is terminated by the Company without Cause (as defined herein), Executive shall be entitled to receive the following severance benefits if Executive executes a general release with language acceptable to the Company on or before the effective date of terminationrelease, the standard form of which is attached hereto as Exhibit A A, with such changes as the Company may reasonably require (the “ Release Agreement ”), within the applicable time period set forth therein, but in no event later than forty-five (45) days following the date of Executive’s termination (such latest permitted date is the “Release AgreementAgreement Deadline):), and permits the Release Agreement to become effective in accordance with its terms:

Appears in 1 contract

Samples: Employment Agreement (Luna Innovations Inc)

Termination Without Cause; Termination for Good Reason. In During the event (i) Executive terminates his or her Term, if the Executive’s employment with the Company for Good Reason (as defined herein) or (ii) Executive is terminated by the Company without Cause (as defined hereinprovided in Section 3(d), or the Executive terminates his employment for Good Reason as provided in Section 3(e), then the Company shall be entitled pay the Executive his Accrued Benefit. In addition, subject to receive the following severance benefits if Executive executes signing a separation and general release with language acceptable agreement in a form and manner satisfactory to the Company on or before the effective date of termination, the standard form of which is attached hereto as Exhibit A (the “Separation and General Release Agreement”):), the Separation and General Release Agreement becoming irrevocable and fully effective, all within the time frame set forth in the Separation and General Release Agreement (but in no event later than sixty (60) days after the Date of Termination), and the Executive not breaching any of his post-employment contractual obligations to the Company:

Appears in 1 contract

Samples: Employment Agreement (Deciphera Pharmaceuticals, Inc.)

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Termination Without Cause; Termination for Good Reason. In If, during the event (i) Agreement Term, the Company terminates the Executive’s employment Without Cause or the Executive terminates his or her employment with the Company for Good Reason (as defined herein) or (ii) Executive is terminated by Reason, the Company without Cause (as defined herein), Executive shall be entitled to receive receive, in addition to the following severance payments and benefits if described in Section 4(a)(i) and Section 4(a)(ii) above, and provided Executive executes and delivers a general release with language acceptable of all claims in form and substance satisfactory to the Company on or before (such that such release is effective, with all revocation periods having expired unexercised, within 60 days after the effective date Date of termination, the standard form of which is attached hereto as Exhibit A (the “Release Agreement”):Termination);

Appears in 1 contract

Samples: Employment Agreement (Emtec Inc/Nj)

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