Common use of Cause; Without Good Reason Clause in Contracts

Cause; Without Good Reason. If the Executive's employment shall be terminated for Cause during the Change of Control Period or if the Executive voluntarily terminates employment during the Change of Control Period without Good Reason, this Agreement shall terminate without further obligation to the Executive other than the obligation to pay to the Executive (i) his Annual Base Salary through the Date of Termination, and (ii) the amount of any compensation previously deferred by the Executive.

Appears in 4 contracts

Samples: Change of Control Agreement (Resource Bancshares Mortgage Group Inc), Change of Control Agreement (Resource Bancshares Mortgage Group Inc), Change of Control Agreement (Resource Bancshares Mortgage Group Inc)

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Cause; Without Good Reason. If the Executive's ’s employment shall be terminated for Cause during the Change of Control Period or if the Executive voluntarily terminates employment during the Change of Control Period without Good Reason, this Agreement shall terminate without further obligation to the Executive other than the obligation to pay to the Executive (i) his Annual Base Salary salary through the Date of Termination, and (ii) the amount of any compensation previously deferred by the Executive.

Appears in 3 contracts

Samples: Change of Control Agreement (Sea Pines Associates Inc), Change of Control Agreement (Sea Pines Associates Inc), Change of Control Agreement (Sea Pines Associates Inc)

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Cause; Without Good Reason. If the Executive's ’s employment shall be terminated for Cause during the Change of Control Period or if the Executive voluntarily terminates employment during the Change of Control Period without Good Reason, this Agreement shall terminate without further obligation to the Executive other than the obligation to pay to the Executive (i) his Annual Base Salary through the Date of Termination, and (ii) the amount of any compensation previously deferred by the Executive.

Appears in 1 contract

Samples: Change of Control Agreement (Netbank Inc)

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