PAYMENT UPON TERMINATION WITHOUT CAUSE BY THE COMPANY Sample Clauses

PAYMENT UPON TERMINATION WITHOUT CAUSE BY THE COMPANY. Upon termination of the Executive's employment by the Company without cause pursuant to subsection 7.4, the Company will grant pay to the Executive within 14 days after termination an amount equal to the sum of (a) the Executive's Base Salary accrued to the date of termination; (b) the Executive's Base Salary for a twelve month period; and (c) any unreimbursed expenses accruing to the date of termination. Additionally, Executive will be entitled at the Company's expense to participate for a twelve month period after termination in any group life, hospitalization, medical, dental, health, accident or disability insurance or similar plan or program of the Company, to the extent that such participation would not be inconsistent with such plans contractual provisions and/or applicable regulations.
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PAYMENT UPON TERMINATION WITHOUT CAUSE BY THE COMPANY. Upon termination of the Employee’s employment by the Company without cause pursuant to Paragraph 6.5, the Company will grant pay to the Employee within fourteen (14) days after termination an amount equal to the sum of (a) the Employee’s Base Salary accrued to the date of termination; (b) the Employee’s Base Salary for the fifteen day notice period; (c) any unreimbursed expenses, including accrued but unused vacation, accruing to the date of termination; and (d) any earned but unpaid bonuses. The Company will also continue to provide health benefits as covered in section 3.1(a) in this Agreement for a period of six (6) months or until such time as the Employee becomes eligible to participate in a similar health plan. Should such termination without cause occur within the first 12 months of employment, a severance payment equivalent to 50% of Employee’s Base Salary will be due to Employee within fifteen (15) days after Employee’s final day of employment. The Employee shall have no further rights to any additional monies for any reason excluding payments and benefits reference in section 6.8(a) through 6.8(d). Employee waives all right to receive any additional monies and claims (except for workers compensation claims) and any such remedies are limited to the remedies set forth in this section.
Sample 1

Related to PAYMENT UPON TERMINATION WITHOUT CAUSE BY THE COMPANY

  • Termination Without Cause by the Company In furtherance of the “at will” basis of Executive’s employment by the Company, the Company may terminate Executive’s employment without Cause upon written notice to Executive. Executive’s termination without Cause will be effective on the date of termination specified by the Company in such written notice. Such written notice shall be deemed received, if mailed first class through the U. S. Postal System, three (3) business days after mailing such written notice to Executive.

  • Termination by the Company without Cause; Termination by the Executive for Good Reason (a) For purposes of this Agreement, “Good Reason” shall mean, unless otherwise consented to by the Executive,

  • Termination Without Cause by Company The Company may terminate this Agreement at any time during the Term without “Cause” upon 5 days written notice to Employee.

  • Termination for Cause by the Company If the Company shall terminate the Executive’s employment with the Company for Cause, then upon such termination, the Company shall have no further obligation to Executive hereunder except for the payment or provision, as applicable, of (i) the portion of the Annual Base Salary for the period prior to the effective date of termination earned but unpaid (if any), (ii) all unreimbursed expenses (if any), subject to Sections 2.4 and 5.10(c), and (iii) other payments, entitlements or benefits, if any, in accordance with terms of the applicable plans, programs, arrangements or other agreements of the Company (other than any severance plan or policy) as to which the Executive held rights to such payments, entitlements or benefits, whether as a participant, beneficiary or otherwise on the date of termination (“Other Benefits”). For the avoidance of doubt, Executive shall have no right to receive (and Other Benefits shall not include) any amounts under any Company severance plan or policy or pursuant to Article 3 or Article 4 upon Executive’s termination for Cause.

  • Termination by the Company for Cause; Termination by the Executive without Good Reason (a) For purposes of this Agreement, “

  • Termination by the Corporation Without Cause (a) The Corporation may terminate this Agreement at any time, without cause and for any reason, upon notice to the Employee setting forth the date of termination (this date of termination and any other date of termination prior to the Scheduled Termination Date is referred to as the "Early Termination Date"). In this event, the Employee shall be entitled to continue to receive, for a period of one (1) year after the Early Termination Date, the same Base Salary which the Employee was receiving at the time of such Early Termination Date (in the manner and as described in Section 3.1) and all Executive Benefits which the Employee was receiving or entitled to receive as of such Early Termination Date (in the manner and as described in Section 4.1). Further, all outstanding stock options which shall have been granted to the Employee shall immediately become exercisable (if not already exercisable in full) and shall continue in full force and effect.

  • Termination by the Company Without Cause The Company may terminate the Executive’s employment hereunder at any time without Cause. Any termination by the Company of the Executive’s employment under this Agreement which does not constitute a termination for Cause under Section 3(c) and does not result from the death or disability of the Executive under Section 3(a) or (b) shall be deemed a termination without Cause.

  • Termination by the Company Without Cause or by the Executive with Good Reason During the Term, if the Executive’s employment is terminated by the Company without Cause as provided in Section 3(d), or the Executive terminates his employment for Good Reason as provided in Section 3(e), then the Company shall pay the Executive his Accrued Benefit. In addition, subject to the Executive signing a separation agreement containing, among other provisions, a general release of claims in favor of the Company and related persons and entities, confidentiality, return of property and non-disparagement, in a form and manner satisfactory to the Company (the “Separation Agreement and Release”) and the Separation Agreement and Release becoming fully effective, all within the time frame set forth in the Separation Agreement and Release:

  • Termination by the Company Without Cause or by the Executive for Good Reason If (x) the Executive’s employment is terminated by the Company other than for Cause, death or Disability (i.e., without Cause) or (y) the Executive terminates employment with Good Reason, then the Executive shall be entitled to receive the following from the Company:

  • Involuntary Termination by the Company without Cause At all times during the Term, the Board may terminate the Executive’s employment for reasons other than death, Disability, or for Cause, by providing to the Executive a Notice of Termination, at least sixty (60) calendar days (ninety (90) calendar days when termination is due to non-renewal of this Agreement by the Company pursuant to Section 1.2) prior to the Effective Date of Termination; provided, however, that such notice shall not preclude the Company from requiring Executive to leave the Company immediately upon receipt of such notice.

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