TERMINATIONS OTHER THAN FOR CAUSE OR WITH GOOD REASON Sample Clauses

TERMINATIONS OTHER THAN FOR CAUSE OR WITH GOOD REASON. (i) If, on or prior to the third anniversary of the date of this Agreement, (A) the Corporation terminates Executive's employment with the Corporation for any reason other than for Cause (including termination by reason of death or disability under Section 5(a)(iii) of the Employment Letter (as defined below)), or (B) Executive resigns with Good Reason, then the Corporation shall have the obligation, within one-hundred eighty (180) days (the "PUT PURCHASE DATE") following its receipt of a written request of Executive (a "PUT REQUEST"), which Put Request must be delivered (if at all) within sixty (60) days following any such termination of employment described in clauses (A) or (B) above, to repurchase in accordance with this SECTION 4 AND SECTION 5 all of the Vested Restricted Shares at a purchase price equal to seventy-five percent (75%) of the Fair Market Value per share as of the effective date of such termination.
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TERMINATIONS OTHER THAN FOR CAUSE OR WITH GOOD REASON. (A) If, on or prior to the third anniversary of the date of this Agreement, (I) the Corporation terminates Executive's employment with the Corporation for any reason other than for Cause (including termination by reason of death or disability under Section 6(a)(iii) of the Employment Letter (as defined below)), or (II) Executive resigns with Good Reason (as defined below), then the Corporation shall have the right, but not the obligation, for a period of one hundred eighty (180) days after the effective date of such termination, to repurchase in accordance with this SECTION 4 AND SECTION 5 all or any portion of the Vested Restricted Shares at a purchase price equal to the Fair Market Value per share as of the effective date of such termination.
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Related to TERMINATIONS OTHER THAN FOR CAUSE OR WITH GOOD REASON

  • Termination for Cause or Other Than for Good Reason If during the Term the Executive’s employment shall be terminated by the Company for Cause or by the Executive for other than Good Reason, this Agreement shall terminate without further obligation on the part of the Company to the Executive, other than the Company’s obligation to pay the Executive the Accrued Obligations to the extent theretofore unpaid.

  • Termination for Cause or Without Good Reason If the Executive’s employment should be terminated (i) by the Company for Cause, or (ii) by the Executive without Good Reason, the Company shall pay to the Executive any Accrued Amounts only, and shall not be obligated to make any additional payments to the Executive.

  • Termination Without Cause or With Good Reason If the Executive’s employment is terminated (A) by the Company without Cause, or (B) by the Executive with Good Reason, the Company shall pay (unless otherwise noted, in the normal course) to the Executive or provide the following amounts or benefits:

  • Without Cause or With Good Reason i. In addition to termination pursuant to Sections 10(a) through 10(e), the Board may, by written notice to Executive, immediately terminate his employment at any time for a reason other than Cause (a termination “Without Cause”) and Executive may, by written notice to the Board, immediately terminate this Agreement at any time within ninety (90) days following an event constituting “Good Reason,” as defined below (a termination “With Good Reason”).

  • Cause; Other than for Good Reason If the Executive's employment shall be terminated for Cause during the Employment Period, this Agreement shall terminate without further obligations to the Executive other than the obligation to pay to the Executive (x) his Annual Base Salary through the Date of Termination, (y) the amount of any compensation previously deferred by the Executive, and (z) Other Benefits, in each case to the extent theretofore unpaid. If the Executive voluntarily terminates employment during the Employment Period, excluding a termination for Good Reason, this Agreement shall terminate without further obligations to the Executive, other than for Accrued Obligations and the timely payment or provision of Other Benefits. In such case, all Accrued Obligations shall be paid to the Executive in a lump sum in cash within 30 days of the Date of Termination.

  • Termination by Employee other than for Good Reason The Employment under this Agreement may be terminated by Employee other than for Good Reason by written notice to the Board at least sixty (60) days prior to such termination. During the notice period, Employee shall diligently perform any assigned duties. The Company may make such resignation effective at any point during the notice period.

  • Termination Other Than for Cause If the Employee ceases to be employed by the Company and all Related Corporations, other than by reason of death or disability as defined in Section 5 or termination for Cause as defined in Section 4(c), no further installments of this option shall become exercisable, and this option shall terminate on the earlier of (i) thirty (30) days after the date of termination of the Employee's employment, or (ii) the scheduled expiration date of this option. In such a case, the Employee's only rights hereunder shall be those which are properly exercised before the termination of this option.

  • Termination for Cause or Resignation without Good Reason If, during the Term of this Agreement, Executive’s employment is terminated by the Company for Cause, or Executive resigns his employment hereunder without Good Reason, the Company shall pay Executive the Termination Amounts, less standard deductions and withholdings. The Company shall thereafter have no further obligations to Executive under this Agreement, except as otherwise provided by law.

  • Good Reason; Other Than for Cause or Disability If, during the Employment Period, the Company terminates the Executive's employment other than for Cause or Disability or the Executive terminates employment for Good Reason:

  • Termination for Other than Cause Except as otherwise provided herein, if, prior to the later of May 30, 2012 and a Public Offering, the Participant’s employment is terminated for a reason other than by the Company for Cause (each, a “Section 6(b) Call Event”), with respect to Stock held by the Participant, the Company may purchase all or any portion of the shares of Stock then held by the applicable Participant Entities at a per share price equal to the Fair Value per share on the date the Call Notice is given, (the “Section 6(b) Repurchase Price”).

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