Common use of By the Company for Cause or by the Employee Without Good Reason Clause in Contracts

By the Company for Cause or by the Employee Without Good Reason. If: (i) the Company terminates the Employee’s employment with the Company for Cause (as defined below); or (ii) the Employee terminates his employment with the Company without Good Reason (as defined below), provided that the Employee shall be required to give the Company at least sixty (60) days prior written notice of such termination (subject to the Company’s right to accept Employee’s notice of termination and to accelerate such notice and make the Employee’s termination effective immediately, or on any other date prior to the Employee’s intended last day of work as the Company deems appropriate, which acceleration shall in no event be deemed a termination by the Company without Cause), then the Employee shall be entitled to receive, and the Company’s sole obligation under this Agreement or otherwise shall be to pay or provide to the Employee, the following (collectively, the “Accrued Benefits”): (a) the Employee’s earned, but unpaid, Base Salary through the effective date of termination (payable in accordance with Section 4.1 above) and any amounts or benefits (if any) that are vested amounts or vested benefits or that the Employee is otherwise entitled to receive under the express provision of any plan, program, policy or practice on the effective date of termination (excluding, without limitation, severance pay plans (if any) and any amounts or benefits that are forfeited in the event of a termination for Cause, termination by the Employee without Good Reason or other termination in accordance with the terms of the applicable plan, program, policy, or practice), which amounts and/or benefits shall be payable or provided in accordance with the terms of such plan, program, policy or practice; (b) any Annual Bonus (or portion thereof), if any, relating to the fiscal year prior to the fiscal year in which the effective date of the Employee’s termination occurs that was earned on the applicable Annual Bonus Approval Date, but unpaid, as of the date of termination, which unpaid Annual Bonus (or portion thereof) shall be payable in accordance with Section 4.2; and (c) expenses reimbursable under Section 4.4 incurred, but not yet reimbursed to the Employee, to the date of termination.

Appears in 6 contracts

Samples: Employment Agreement (Tower International, Inc.), Employment Agreement (Tower International, Inc.), Employment Agreement (Tower International, Inc.)

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By the Company for Cause or by the Employee Without Good Reason. If: (i) the Company terminates the Employee’s employment with the Company for Cause (as defined below)Cause; or (ii) the Employee terminates his employment with the Company without Good Reason (as defined below)Reason, provided that the Employee shall be required to give the Company at least sixty thirty (6030) days prior written notice of such termination (subject to the Company’s right to accept Employee’s notice of termination and to accelerate such notice and make the Employee’s termination effective immediately, or on any other date prior to the Employee’s intended last day of work as the Company deems appropriate, which acceleration shall in no event be deemed a termination by the Company without Cause), then the Employee shall be entitled to receive, and the Company’s sole obligation under this Agreement or otherwise shall be to pay or provide to the Employee, the following (collectively, the “Accrued Benefits”): (a) the Employee’s earned, but unpaid, Base Salary through the effective date of termination (payable in accordance with Section 4.1 above) and any amounts or benefits (if any) that are vested amounts or vested benefits or that the Employee is otherwise entitled to receive under the express provision of any plan, program, policy or practice on the effective date of termination (excluding, without limitation, severance pay plans (if any) and any amounts or benefits that are forfeited in the event of a termination for Cause, termination by the Employee without Good Reason or other termination in accordance with the terms of the applicable plan, program, policy, or practice), which amounts and/or benefits shall be payable or provided in accordance with the terms of such plan, program, policy or practice; (b) any Annual Bonus (or portion thereof), if any, relating to the fiscal year prior to the fiscal year in which the effective date of the Employee’s termination occurs that was earned on the applicable Annual Bonus Approval Date, but unpaid, as of the date of termination, which unpaid Annual Bonus (or portion thereof) shall be payable in accordance with Section 4.2; and (c) expenses reimbursable under Section 4.4 4.5 incurred, but not yet reimbursed to the Employee, to the date of termination.

Appears in 1 contract

Samples: Employment Agreement (Tower International, Inc.)

By the Company for Cause or by the Employee Without Good Reason. If: (i) the Company terminates the Employee’s employment with the Company for Cause (as defined below)Cause; or (ii) the Employee terminates his employment with the Company without Good Reason (as defined below)Reason, provided that the Employee shall be required to give the Company at least sixty (60) days prior written notice of such termination (subject to the Company’s right to accept Employee’s notice of termination and to accelerate such notice and make the Employee’s termination effective immediately, or on any other date prior to the Employee’s intended last day of work as the Company deems appropriate, which acceleration shall in no event be deemed a termination by the Company without Cause), then the Employee shall be entitled to receive, and the Company’s sole obligation under this Agreement or otherwise shall be to pay or provide to the Employee, the following (collectively, the “Accrued Benefits”): (a) the Employee’s earned, but unpaid, Base Salary through the effective date of termination (payable in accordance with Section 4.1 above) and any amounts or benefits (if any) that are vested amounts or vested benefits or that the Employee is otherwise entitled to receive under the express provision of any plan, program, policy or practice on the effective date of termination (excluding, without limitation, severance pay plans (if any) and any amounts or benefits that are forfeited in the event of a termination for Cause, termination by the Employee without Good Reason or other termination in accordance with the terms of the applicable plan, program, policy, or practice), which amounts and/or benefits shall be payable or provided in accordance with the terms of such plan, program, policy or practice; (b) any Annual Bonus (or portion thereof), if any, relating to the fiscal year prior to the fiscal year in which the effective date of the Employee’s termination occurs that was earned on the applicable Annual Bonus Approval Date, but unpaid, as of the date of termination, which unpaid Annual Bonus (or portion thereof) shall be payable in accordance with Section 4.2; and (c) expenses reimbursable under Section 4.4 4.5 incurred, but not yet reimbursed to the Employee, to the date of termination.

Appears in 1 contract

Samples: Employment Agreement (Tower International, Inc.)

By the Company for Cause or by the Employee Without Good Reason. If: (i) the Company terminates the Employee’s employment with the Company for Cause (as defined below); or (ii) the Employee terminates his employment with the Company without Good Reason (as defined below), provided that the Employee shall be required to give the Company at least sixty (60) days prior written notice of such termination (subject to the Company’s right to accept Employee’s notice of termination and to accelerate such notice and make the Employee’s termination effective immediately, or on any other date prior to the Employee’s intended last day of work as the Company deems appropriate, which acceleration shall in no event be deemed a termination by the Company without Cause), then the Employee shall be entitled to receive, and the Company’s sole obligation under this Agreement or otherwise shall be to pay or provide to the Employee, the following (collectively, the “Accrued Benefits”): (a) the Employee’s earned, but unpaid, Base Salary through the effective date of termination (payable in accordance with Section 4.1 above) and any amounts or benefits (if any) that are vested amounts or vested benefits or that the Employee is otherwise entitled to receive under the express provision of any plan, program, policy or practice on the effective date of termination (excluding, without limitation, severance pay plans (if any) and any amounts or benefits that are forfeited in the event of a termination for Cause, termination by the Employee without Good Reason or other termination in accordance with the terms of the applicable plan, programprograms, policy, or practice), which amounts and/or benefits shall be payable or provided in accordance with the terms of such plan, programprogram policy, policy or practice; (b) any Annual Bonus (or portion thereof), if any, relating to the fiscal calendar year prior to the fiscal calendar year in which the effective date of the Employee’s termination occurs that was earned on the applicable Annual Bonus Approval Date, but unpaid, as of the date of termination, which unpaid Annual Bonus (or portion thereof) shall be payable in accordance with Section 4.2within thirty (30) days of the date of termination; and (c) expenses reimbursable under Section 4.4 incurred, but not yet reimbursed to the Employee, to the date of termination.

Appears in 1 contract

Samples: Employment Agreement (Tower Automotive, LLC)

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By the Company for Cause or by the Employee Without Good Reason. If: (i) the Company terminates the Employee’s employment with the Company for Cause (as defined below)Cause; or (ii) the Employee terminates his employment with the Company without Good Reason (as defined below)Reason, provided that the Employee shall be required to give the Company at least sixty (60) days prior written notice of such termination (subject to the Company’s right to accept Employee’s notice of termination and to accelerate such notice and make the Employee’s termination effective immediately, or on any other date prior to the Employee’s intended last day of work as the Company deems appropriate, which acceleration shall in no event be deemed a termination by the Company without Cause), then the Employee shall be entitled to receive, and the Company’s sole obligation under this Agreement or otherwise shall be to pay or provide to the Employee, the following (collectively, the “Accrued Benefits”): (a) the Employee’s earned, but unpaid, Base Salary through the effective date of termination (payable in accordance with Section 4.1 above) and any amounts or benefits (if any) that are vested amounts or vested benefits or that the Employee is otherwise entitled to receive under the express provision of any plan, program, policy or practice on the effective date of termination (excluding, without limitation, severance pay plans (if any) and any amounts or benefits that are forfeited in the event of a termination for Cause, termination by the Employee without Good Reason or other termination in accordance with the terms of the applicable plan, program, policy, or practice), which amounts and/or benefits shall be payable or provided in accordance with the terms of such plan, program, policy or practice; (b) any Annual Bonus (or portion thereof), if any, relating to the fiscal year prior to the fiscal year in which the effective date of the Employee’s termination occurs that was earned on the applicable Annual Bonus Approval Date, but unpaid, as of the date of termination, which unpaid Annual Bonus (or portion thereof) shall be payable in accordance with Section 4.2; and (c) expenses reimbursable under Section 4.4 incurred, but not yet reimbursed to the Employee, to the date of termination.

Appears in 1 contract

Samples: Employment Agreement (Tower International, Inc.)

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