Compensation and Benefits Upon Termination Without Cause Sample Clauses

Compensation and Benefits Upon Termination Without Cause. In the event the Company terminates the Employee's employment for any reason other than the death or disability of Employee, or Cause, the Company shall pay Employee: (i) in a lump sum within thirty (30) days of the effective date of termination, any Compensation due through the date of termination, (ii) the balance of Employee's Compensation, as and when otherwise payable hereunder, which he would have been entitled to receive through the end of the Severance Period (as defined below), (iii) a pro rata portion of Employee's Bonus, as and when otherwise payable hereunder, which he would have been entitled to receive through the effective date of termination, and (iv) continuation of benefits upon substantially the same terms and conditions then in effect on the date of termination under all medical. dental and life insurance plans through the end of the Severance Period, provided that Employee at his own expense shall be entitled to continue appropriate benefits under any applicable Cobra program thereafter. In no event will Employee vest in any SAR's or other similar rights during the Severance Period. As used in this Section 3.2, the Severance Period shall mean the period beginning on the date of termination of employment and ending on the earliest of: (a) the date that Employee is employed with another employer, or (b) the date that Employee is engaged in any independent contractor or consulting relationship, or (c) the date that is six (6) months after the date of termination of Employee's employment with the Company. For purposes of this Section 3.2, the following definitions shall apply:
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Compensation and Benefits Upon Termination Without Cause. In the event the Company terminates the Executive's employment for any reason other than the death or permanent disability of Executive, or Cause, or Executive resigns for Good Reason, and Section 3.6 hereof is not applicable to such termination or resignation, the Company shall pay to Executive: (i) in a lump sum within thirty (30) days of the effective date of termination, any Salary due through the date of termination; (ii) in a lump sum within thirty (30) days of the effective date of termination, the balance of Executive's Salary, which he would have been entitled to receive through the end of the Severance Period (defined below), (iii) in a lump sum within thirty (30) days of the effective date of termination, all of Executive's guaranteed Bonus and a pro rata portion of Executive's Bonus which is not guaranteed (annualizing results of operations for the period prior to the date of termination), which he would have been entitled to receive through the end of the Severance Period, and (iv) continuation of benefits upon the same terms and conditions then in effect on the date of termination under all medical, dental and life insurance plans through the end of the Severance Period, provided that Executive at his own expense shall be entitled to continue appropriate benefits under any applicable COBRA program thereafter. In addition to the foregoing, all unvested stock options held by Executive shall continue to vest through the end of the Severance Period and shall be exercisable for that specific period following the end of the Severance Period as provided under the applicable stock option agreements in the case of termination of employment. As used in this Section 3.5, the Severance Period shall mean twelve (12) months after the effective date of termination.
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Compensation and Benefits Upon Termination Without Cause. Except as otherwise provided in Section 10(c) hereof, in the event the Company terminates the Executive's employment during the Employment Term for any reason other than the death or permanent disability of Executive, or Cause, or Executive resigns for Good Reason during the Employment Term, and Section 3.6 hereof is not applicable to such termination or resignation, the Company shall pay to Executive: (i) in a lump sum within thirty (30) days of the effective date of termination, any Salary due through the date of termination; (ii) in a lump sum within thirty (30) days of the effective date of termination, the balance of Executive's Salary, which he would have been entitled to receive through the end of the Severance period (as defined below), (iii) in a lump sum within thirty (30) days of the effective date of termination, all of Executive's
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Compensation and Benefits Upon Termination Without Cause. In the event the Company terminates the Employee’s employment for any reason other than the death or disability of Employee, or Cause, the Company shall pay Employee: (i) in a lump sum within thirty (30) days of the effective date of termination, any Compensation due through the date of termination; (ii) the balance of Employee’s Compensation, as and when otherwise payable hereunder, which Employee would have been entitled to receive through the end of the Severance Period (as defined below), (iii) a pro rata portion of Employee’s Bonus, as and when otherwise payable hereunder, which Employee would have been entitled to receive through the effective date of termination, and (iv) continuation of benefits upon substantially the same terms and conditions then in effect on the date of termination under all medical, dental and life insurance plans through the end of the Severance Period, provided that Employee at Employee’s expense shall be entitled to continue appropriate benefits under any applicable Cobra program thereafter and (v) one year of accelerated stock options vesting. In no event will Employee vest in any stock options or other similar rights during the Severance Period. As used in this Section 3.2, the Severance Period shall mean the period beginning on the date of termination of employment and ending on the earliest of: (a) the date that Employee is employed with another employer, or (b) the date that Employee is engaged in any independent contractor or consulting relationship, or (c) the date that is three (3) months after the date of termination of Employee’s employment with the Company during the first year of employment and two (2) months after the second year of employment. For purposes of this Section 3.2, the following definitions shall apply:
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Compensation and Benefits Upon Termination Without Cause. In the event of termination of Goldberg's consultancy pursuant xx Xxxxxxn 4.2: (a) if the RBC Common Stock which Goldberg received in connection xxxx xhe Merger Agreement is not then freely tradeable by Goldberg without registration uxxxx xxx Securities Act, then RBC shall provide Goldberg with the right (exercisxxxx xxx a period of five years) to demand registration of all, but not less than all, the shares of RBC Common Stock which are not at the time of demand subject to forfeiture pursuant to the Merger Agreement, on the terms and conditions set forth on Schedule 3 hereto; and (b) CAI shall pay to Goldberg (i) the unpaid compensaxxxx xxrned by him before the date of termination as provided for in this Agreement, computed pro rata up to and including such date; and (ii) Goldberg's Bonus Payment calculatxx xx xxxxrdance with Section 3.1 above for the Year in which such termination occurs, in lieu of any and all other compensation, benefits and claims of any kind, excepting only such additional amounts as may be required by law to be paid.
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Compensation and Benefits Upon Termination Without Cause. In the event the Company terminates the Executive's employment during the Employment Term for any reason other than the death or permanent disability of Executive, or Cause, or Executive resigns for Good Reason during the Employment Term, and Section 3.6 hereof is not applicable to such termination or resignation, the Company shall pay to Executive: (i) in a lump sum within thirty (30) days of the effective date of termination, any Salary due through the date of termination; (ii) in a lump sum within thirty (30) days of the effective date of termination, the balance of Executive's Salary, which he would have been entitled to receive through the end of the Severance Period (as defined below), (iii) in a lump sum within thirty (30) days of the effective date of termination, all of Executive's guaranteed Bonus and a pro rata portion of Executive's Bonus which is not guaranteed (annualizing results of operations for the period prior to the date of termination), which he would have been entitled to receive through the end of the Severance Period, and (iv) continuation of benefits upon the same terms and conditions then in effect on the date of termination under all medical, dental and life insurance plans through the end of the Severance Period, provided that Executive at his own expense shall be entitled to continue appropriate benefits under any applicable COBRA program thereafter. In addition to the foregoing, all unvested stock options held by Executive shall continue to vest through the end of the Severance Period and shall be exercisable for that specific period following the end of the Severance Period as provided under the applicable stock option agreements in the case of termination of employment. As used in this Section 3.5, the Severance Period shall mean twelve (12) months after the effective date of termination.
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Related to Compensation and Benefits Upon Termination Without Cause

  • Compensation and Benefits Upon Termination (a) If Executive’s employment is terminated by reason of death or Disability, the Company shall pay Executive’s Base Salary, at the rate then in effect, in accordance with the payroll policies of the Company, through the date of such termination (in the event of Executive’s death, the payments will be made to Executive’s beneficiaries or legal representatives) and Executive shall not be entitled to any further Base Salary or any applicable bonus, benefits or other compensation for that year or any future year, except as may be provided in Sections 5(d) or (e) below or an applicable benefit plan or program, or to any severance compensation of any kind, nature or amount.

  • Compensation and Benefits Upon Termination of Employment (a) If the Company shall terminate the Executive's employment after a Change in Control other than pursuant to Section 3(b), 3(c) or 3(d) and Section 3(f), or if the Executive shall terminate his employment for Good Reason, then the Company shall pay to the Executive, as severance compensation and in consideration of the Executive's adherence to the terms of Section 5 hereof, the following:

  • Benefits Upon Termination of Employment If the Executive is entitled to benefits pursuant to this Section 2, the Company agrees to pay or provide to the Executive as severance payment, the following:

  • Compensation Upon Termination of Employment If the Executive’s employment hereunder is terminated, in accordance with the provisions of Article III hereof, and except for any other rights or benefits specifically provided for herein to be effective following the Executive’s period of employment, the Company will provide compensation and benefits to the Executive only as follows:

  • PAYMENTS AND BENEFITS UPON TERMINATION (a) If within eighteen (18) months after a Change in Control, the Company terminates Employee's employment other than by reason of Employee's death, Disability, Retirement or for Cause, or if Employee terminates Employee's employment for Good Reason, then the Employee shall be entitled to the following payments and benefits:

  • Compensation Upon Termination Upon termination of Executive’s employment during the Employment Term, Executive shall be entitled to the following benefits:

  • Benefits Upon Termination If the Executive’s employment by the Company is terminated during the Period of Employment for any reason by the Company or by the Executive, or upon or following the expiration of the Period of Employment (in any case, the date that the Executive’s employment by the Company terminates is referred to as the “Severance Date”), the Company shall have no further obligation to make or provide to the Executive, and the Executive shall have no further right to receive or obtain from the Company, any payments or benefits except as follows:

  • Severance Compensation upon Termination of Employment If the Company shall terminate the Executive’s employment other than pursuant to Section 5(a), (b) or (c) or if the Executive shall terminate his employment for Good Reason, then the Company shall pay to the Executive as severance pay in a lump sum, in cash, on the fifth day following the Date of Termination, an amount equal to three (3) times the average of the aggregate annual compensation paid to the Executive during the three (3) fiscal years of the Company immediately preceding the Change of Control by the Company subject to United States income taxes (or, such fewer number of fiscal years if the Executive has not been employed by the Company during each of the preceding three (3) fiscal years).

  • Severance Compensation upon Termination Subject to the provisions of Section 10 hereof, in the event of the Employee’s Termination upon a Change of Control, the Company shall pay to the Employee, within fifteen (15) days after the Termination Date (or as soon as possible thereafter in the event that the procedures set forth in paragraph (b) of Section 11 hereof cannot be completed within fifteen (15) days) an amount in cash equal to three (3) times the sum of the Employee’s Base Salary in effect either immediately prior to the Separation from Service or immediately prior to the Change of Control, whichever is higher.

  • Certain Benefits Upon Termination Executive’s employment shall be terminated upon the earlier of (i) the voluntary resignation of Executive with or without Good Reason; (ii) Executive’s death or permanent disability; or (iii) upon the termination of Executive’s employment by LTC for any reason at any time. In the event of such termination, the below provisions of this Section 6 shall apply, and in the event of a Change in Control, whether or not Executive’s employment is terminated thereby, Section 6(b) shall apply.

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