Common use of Voluntary Termination; Termination for Cause Clause in Contracts

Voluntary Termination; Termination for Cause. Upon the termination of the Employee's employment hereunder pursuant to a Voluntary Termination or a Termination For Cause, neither the Employee nor the Employee's beneficiaries or estate will have any further rights or claims against the Company under this Agreement except the right to receive (i) the unpaid portion of the base salary provided for in Section 5(a) hereof, computed on a pro rata basis to the date of termination, (ii) payment of his accrued but unpaid rights in accordance with the terms of any incentive compensation, stock option, retirement, employee welfare or other employee benefit plans or programs of the Company in which the Employee is then participating in accordance with Sections 5(b) and 5(c) hereof and (iii) reimbursement for any expenses for which the Employee shall not have theretofore been reimbursed as provided in Section 5(d) hereof. (b)

Appears in 7 contracts

Samples: Employment Agreement (Medimmune Inc /De), Employment Agreement (Medimmune Inc /De), Employment Agreement (Medimmune Inc /De)

AutoNDA by SimpleDocs

Voluntary Termination; Termination for Cause. Upon the termination of the EmployeeExecutive's employment hereunder pursuant to a Voluntary Termination or a Termination For Cause, neither the Employee Executive nor the EmployeeExecutive's beneficiaries or estate will have any further rights or claims against the Company under this Agreement except the right to receive (i) the unpaid portion of the base salary provided for in Section 5(a) hereof, computed on a pro rata basis to the date of termination, (ii) payment of his accrued but unpaid rights in accordance with the terms of any incentive compensation, stock option, retirement, employee welfare or other employee benefit plans or programs of the Company in which the Employee Executive is then participating in accordance with Sections 5(b) and 5(c) hereof and hereof, (iii) continuation of his rights to medical and dental benefits in accordance with the second paragraph of Section 5(c) hereof, (iv) reimbursement for any expenses for which the Employee Executive shall not have theretofore been reimbursed as provided in Section 5(d) hereof and (v) in the case of a Voluntary Termination, continuation of the administrative support services to which the Executive is entitled under Section 5(e) hereof. (b).

Appears in 4 contracts

Samples: Employment Agreement (Medimmune Inc /De), Employment Agreement (Medimmune Inc /De), Employment Agreement (Medimmune Inc /De)

Voluntary Termination; Termination for Cause. Upon the termination of the Employee's employment hereunder pursuant to a Voluntary Termination or a Termination For Cause, neither the Employee nor the Employee's beneficiaries or estate will have any further rights or claims against the Company under this Agreement except the right to receive (i) the unpaid portion of the base salary provided for in Section 5(a) hereof, computed on a pro rata basis to the date of termination, (ii) payment of his accrued but unpaid rights in accordance with the terms of any incentive compensation, stock option, retirement, employee welfare or other employee benefit plans or programs of the Company in which the Employee Executive is then participating in accordance with Sections 5(b) and 5(c) hereof and (iii) reimbursement for any expenses for which the Employee shall not have theretofore been reimbursed as provided in Section 5(d) hereof. (b).

Appears in 4 contracts

Samples: Employment Agreement (Medimmune Inc /De), Employment Agreement (Medimmune Inc /De), Employment Agreement (Medimmune Inc /De)

Voluntary Termination; Termination for Cause. Upon the termination of the Employee's employment hereunder pursuant to a Voluntary Termination or a Termination For Cause, neither the Employee nor the Employee's beneficiaries or estate will have any further rights or claims against the Company under this Agreement except the right to receive (i) the unpaid portion of the base salary provided for in Section 5(a) hereof, computed on a pro rata basis to the date of termination, (ii) payment of his accrued but unpaid rights in accordance with the terms of any incentive compensation, stock option, retirement, employee welfare or other employee benefit plans or programs of the Company in which the Employee is then participating in accordance with Sections 5(b) and 5(c) hereof and (iii) reimbursement for any expenses for which the Employee shall not have theretofore been reimbursed as provided in Section 5(d) hereof. (b).

Appears in 2 contracts

Samples: Employment Agreement (Medimmune Inc /De), Employment Agreement (Medimmune Inc /De)

Voluntary Termination; Termination for Cause. Upon the termination of the Employee's employment hereunder pursuant to a Voluntary Termination or a Termination For Cause, neither the Employee nor the Employee's beneficiaries or estate will have any further rights or claims against the Company under this Agreement except the right to receive (i) the unpaid portion of the base salary provided for in Section 5(a) hereof, computed on a pro rata basis to the date of termination, (ii) payment of his accrued but unpaid rights in accordance with the terms of any incentive compensation, stock option, retirement, employee welfare or other employee benefit plans or programs of the Company in which the Employee Executive is then participating in accordance with Sections 5(b) and 5(c) hereof and hereof, (iii) reimbursement for any expenses for which the Employee shall not have theretofore been reimbursed as provided in Section 5(d) hereof. , and (b)iv) continuation of his rights in accordance with the second paragraph of Section 5(c) hereof.

Appears in 1 contract

Samples: Employment Agreement (Medimmune Inc /De)

Voluntary Termination; Termination for Cause. Upon the termination of the EmployeeExecutive's employment hereunder pursuant to a Voluntary Termination or a Termination For Cause, neither the Employee Executive nor the EmployeeExecutive's beneficiaries or estate will have any further rights or claims against the Company under this Agreement except the right to receive (i) the unpaid portion of the base salary provided for in Section 5(a) hereof, computed on a pro rata basis to the date of termination, (ii) payment of his accrued but unpaid rights in accordance with the terms of any incentive compensation, stock option, retirement, employee welfare or other employee benefit plans or programs of the Company in which the Employee Executive is then participating in accordance with Sections 5(b) and 5(c) hereof and hereof, (iii) reimbursement for any expenses for which the Employee Executive shall not have theretofore been reimbursed as provided in Section 5(d) hereof, and (iv) continuation of his rights in accordance with the second paragraph of Section 5(c) hereof. (b)

Appears in 1 contract

Samples: Employment Agreement (Medimmune Inc /De)

AutoNDA by SimpleDocs

Voluntary Termination; Termination for Cause. Upon the termination of the Employee's employment hereunder pursuant to a Voluntary Termination or a Termination For Cause, neither the Employee nor the Employee's beneficiaries or estate will have any further rights or claims against the Company under this Agreement except the right to receive (i) the unpaid portion of the base salary provided for in Section 5(a) hereof, computed on a pro rata basis to the date of termination, (ii) payment of his accrued but unpaid rights in accordance with the terms of any incentive compensation, stock option, retirement, employee welfare or other employee benefit plans or programs of the Company in which the Employee is then participating in accordance with Sections 5(b) and 5(c) hereof and (iii) reimbursement for any expenses for which the Employee shall not have theretofore been reimbursed as provided in Section 5(d) hereof. Notwithstanding the foregoing, the Employee's rights to any payments under this Section 10(a) shall be subject to the terms of the Loan and Note Agreement. (b)

Appears in 1 contract

Samples: Employment Agreement (Medimmune Inc /De)

Voluntary Termination; Termination for Cause. Upon the termination of the ----------------------------------------------- Employee's employment hereunder pursuant to a Voluntary Termination or a Termination For Cause, neither the Employee nor the Employee's beneficiaries or estate will have any further rights or claims against the Company under this Agreement except the right to receive (i) the unpaid portion of the base salary provided for in Section 5(a) hereof, computed on a pro rata basis to the date of termination, (ii) payment of his accrued but unpaid rights in accordance with the terms of any incentive compensation, stock option, retirement, employee welfare or other employee benefit plans or programs of the Company in which the Employee is then participating in accordance with Sections 5(b) and 5(c) hereof and (iii) reimbursement for any expenses for which the Employee shall not have theretofore been reimbursed as provided in Section 5(d) hereof. (b)

Appears in 1 contract

Samples: Employment Agreement (Medimmune Inc /De)

Voluntary Termination; Termination for Cause. Upon the termination of the Employee's employment hereunder pursuant to a Voluntary Termination or a Termination For Cause, neither the Employee nor the Employee's beneficiaries or estate will have any further rights or claims against the Company under this Agreement except the right to receive (i) the unpaid portion of the base salary provided for in Section 5(a) hereof, computed on a pro rata basis to the date of termination, (ii) payment of his accrued but unpaid rights in accordance with the terms of any incentive compensation, stock option, retirement, employee welfare or other employee benefit plans or programs of the Company in which the Employee is then participating in accordance with Sections 5(b) and 5(c) hereof and hereof, (iii) reimbursement for any expenses for which the Employee shall not have theretofore been reimbursed as provided in Section 5(d) hereof, and (iv) continuation of his rights in accordance with the second paragraph of Section 5(c) hereof. (b)

Appears in 1 contract

Samples: Employment Agreement (Medimmune Inc /De)

Time is Money Join Law Insider Premium to draft better contracts faster.