Common use of COMPENSATION AFTER CERTAIN TERMINATIONS Clause in Contracts

COMPENSATION AFTER CERTAIN TERMINATIONS. If the Executive’s employment with the Company is terminated by the Company without Cause or by the Executive for Good Reason at any time on or within two years after the Triggering Date, unless termination is a result of (a) the Executive having reached the age of 65, or (b) the Executive’s death, then, within five days after the date of such termination, the Company shall pay the Executive a lump sum amount in cash equal to two (2) times the sum of the (x) Executive’s Annual Base Salary and (y)

Appears in 1 contract

Samples: Employment Agreement (Carreker Corp)

AutoNDA by SimpleDocs

COMPENSATION AFTER CERTAIN TERMINATIONS. If the Executive’s employment with the Company is terminated (whether such termination is by the Company without Cause Executive or by the Executive for Good Reason Company) at any time on or within two years after the Triggering Date, unless termination is a result of Date for any reason other than (a) termination by the Company for Cause, (b) the Executive having reached the age of 65, or (bc) the Executive’s death, then, within five days after the date of such termination, the Company shall pay the Executive a lump sum amount in cash equal to two one and one-half (21.5) times the sum of the (x) Executive’s Annual Base Salary and (y)

Appears in 1 contract

Samples: Employment Agreement (Carreker Corp)

COMPENSATION AFTER CERTAIN TERMINATIONS. If the Executive’s employment with the Company is terminated (whether such termination is by the Company without Cause Executive or by the Executive for Good Reason Company) at any time on or within two years after the Triggering Date, unless termination is a result of Date for any reason other than (a) termination by the Company for Cause, (b) the Executive having reached the age of 65, or (bc) the Executive’s death, then, within five days after the date of such termination, the Company shall pay the Executive a lump sum amount in cash equal to two (2) times the sum of the (x) Executive’s Annual Base Salary and (y)

Appears in 1 contract

Samples: Employment Agreement (Carreker Corp)

AutoNDA by SimpleDocs

COMPENSATION AFTER CERTAIN TERMINATIONS. If the Executive’s employment with the Company is terminated by the Company without Cause or by the Executive for Good Reason at any time on or within two years after the Triggering Date, unless termination is a result of (a) the Executive having reached the age of 65, or (b) the Executive’s death, then, within five days after the date of such termination, the Company shall pay the Executive a lump sum amount in cash equal to two (2) times the sum of the (x) Executive’s Annual Base Salary and (y)) Bonus.

Appears in 1 contract

Samples: Employment Agreement (Carreker Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.