Common use of Cause or Voluntary Termination without Good Reason Clause in Contracts

Cause or Voluntary Termination without Good Reason. If Associate’s employment shall be terminated for Cause during the Post-CIC Period, or if Associate voluntarily terminates employment during the Post-CIC Period without Good Reason, this Addendum shall terminate without further obligations to Associate, other than for payment of Accrued Obligations (as defined in Section 6(a)(i)(A) above, but excluding the pro-rata bonus described in clause 2 thereof) and the timely payment or provision of Other Benefits (as defined in Section 6(a)(iv) above). Accrued Obligations shall be paid to Associate in a lump sum in cash within 30 days after the Date of Termination, or such later date payment as may be required by Section 12 hereof.

Appears in 5 contracts

Samples: Employment Agreement (Assuranceamerica Corp), Employment Agreement (Assuranceamerica Corp), Employment Agreement (Assuranceamerica Corp)

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