Common use of By the Company for Cause; By the Executive Without Good Reason Clause in Contracts

By the Company for Cause; By the Executive Without Good Reason. If the Executive’s employment is terminated during the Contract Period by the Company for Cause or by the Executive without Good Reason, the Company shall pay the Executive any portion of the Annual Base Salary and, to the extent required to be paid under the terms of the Company policy in effect from time to time and applicable law, any accrued vacation pay, in each case, through the Date of Termination, to the extent earned but not paid as of the Date of Termination. In the event of Termination under this Section 7.2, all other benefits, payments or compensation to be provided to the Executive hereunder shall terminate, but the Executive shall be entitled to any benefits accrued and earned in accordance with the terms of any applicable benefit plans and programs of the Company and all Units that have vested as of the Date of Termination shall not be subject to forfeiture.

Appears in 4 contracts

Samples: Employment Agreement (Titan Energy, LLC), Employment Agreement (Titan Energy, LLC), Employment Agreement (Atlas Resource Partners, L.P.)

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