Company’s Termination for Cause. This Agreement, and Executive’s employment hereunder, may be terminated by the Company at any time on account of Cause. In such event, the Company shall pay to Executive the amount described in Section 3.1a hereof. Payment shall be made in the form of a single-sum as soon as practicable after such termination. Notwithstanding any provision of this Agreement or any plan, policy or program or other arrangement to the contrary, if Executive’s employment is terminated for Cause as provided herein: a. He shall forfeit any options outstanding as of his Termination Date granted by the Company or an Affiliate on or after the Effective Date, whether or not vested; and b. He shall forfeit any restricted stock or similar award then subject to forfeiture restrictions or holding period limitations.
Appears in 4 contracts
Samples: Executive Employment Agreement (Renasant Corp), Executive Employment Agreement (Renasant Corp), Merger Agreement (Renasant Corp)
