Common use of Compensation if Terminated Outside of Protected Period Clause in Contracts

Compensation if Terminated Outside of Protected Period. If, at any time other than during the Protected Period, the Executive’s employment is terminated by the Company without Cause (other than by reason of death or Disability) or if Executive resigns for Good Reason within 6 months of the condition giving rise to the good reason, Executive shall be entitled to receive: (A) the Accrued Rights; (B) subject to Executive’s (x) continued compliance with the provisions of Sections 10 and 11 and (y) execution and delivery of a general release of claims against the Company and its affiliates in a form reasonably acceptable to the Company, payment in one lump sum of: (1) 100% of the greater of the current Base Salary or Executive’s highest Base Salary paid within the Employment Term; plus (2) the greater of (i) 100% of Executive’s Target Annual Bonus for the fiscal year in which Executive’s Termination of Employment occurs or (ii) 100% of Executive’s Target Annual Bonus for the fiscal year immediately preceding the fiscal year in which Executive’s Termination of Employment occurs, payable to Executive in one lump sum immediately following the expiration of the revocation period provided for in such release, but in no event later than two and a half (2-1/2) months after the end of the year in which the Executive’s Termination of Employment occurred; and (C) a lump sum payment equal to the premium subsidy the Company would have otherwise paid on Executive’s behalf under the Company’s health insurance plan had he remained employed for the twelve (12) months period following the Date of Termination.

Appears in 2 contracts

Samples: Employment Agreement (Chart Industries Inc), Employment Agreement (Chart Industries Inc)

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Compensation if Terminated Outside of Protected Period. If, at any time other than during the Protected Period, the Executive’s employment is terminated by the Company without Cause (other than by reason of death or Disability) or if Executive resigns for Good Reason within 6 months of the condition giving rise to the good reason, Executive shall be entitled to receive: (A) the Accrued Rights; (B) subject to Executive’s (x) continued compliance with the provisions of Sections 10 and 11 and (y) execution and delivery of a general release of claims against the Company and its affiliates in a form reasonably acceptable to the Company, payment in one lump sum of: (1) 100150% of the greater of the current Base Salary or Executive’s highest Base Salary paid within the Employment Term; plus (2) the greater of (i) 100150% of Executive’s Target Annual Bonus for the fiscal year in which Executive’s Termination of Employment occurs or (ii) 100150% of Executive’s Target Annual Bonus for the fiscal year immediately preceding the fiscal year in which Executive’s Termination of Employment occurs, payable to Executive in one lump sum immediately following the expiration of the revocation period provided for in such release, but in no event later than two and a half (2-1/2) months after the end of the year in which the Executive’s Termination of Employment occurred; and (C) a lump sum payment equal to the premium subsidy the Company would have otherwise paid on Executive’s behalf under the Company’s health insurance plan had he remained employed for the twelve eighteen (1218) months period following the Date of Termination.

Appears in 2 contracts

Samples: Employment Agreement (Chart Industries Inc), Employment Agreement (Chart Industries Inc)

Compensation if Terminated Outside of Protected Period. If, at any time other than during the Protected Period, the Executive’s 's employment is terminated by the Company without Cause (other than by reason of death or Disability) or if Executive resigns for Good Reason within 6 months of the condition giving rise to the good reason, Executive shall be entitled to receivereceive : (A) the Accrued Rights; (B) subject to Executive’s 's (x) continued compliance with the provisions of Sections 10 and 11 and (y) execution and delivery of a general release of claims against the Company and its affiliates in a form reasonably acceptable to the Company, payment in one lump sum of: (1) 100% of the greater of the current Base Salary or Executive’s 's highest Base Salary paid within the Employment Term; plus (2) the greater of (i) 100% of Executive’s 's Target Annual Bonus for the fiscal year in which Executive’s 's Termination of Employment occurs or (ii) 100% of Executive’s 's Target Annual Bonus for the fiscal year immediately preceding the fiscal year in which Executive’s 's Termination of Employment occurs, payable to Executive in one lump sum immediately following the expiration of the revocation period provided for in such release, but in no event later than two and a half (2-1/2) months after the end of the year in which the Executive’s 's Termination of Employment occurred; and (C) a lump sum payment equal to the premium subsidy the Company would have otherwise paid on Executive’s 's behalf under the Company’s 's health insurance plan had he remained employed for the twelve (12) months period following the Date of Termination.

Appears in 1 contract

Samples: Employment Agreement (Chart Industries Inc)

Compensation if Terminated Outside of Protected Period. If, at any time other than during the Protected Period, the Executive’s employment is terminated by the Company without Cause (other than by reason of death or Disability) or if Executive resigns for Good Reason within 6 months of the condition giving rise to the good reason, Executive shall be entitled to receive: (A) the Accrued Rights; (B) subject to Executive’s (x) continued compliance with the provisions of Sections 10 and 11 and (y) execution and delivery of a general release of claims against the Company and its affiliates in a form reasonably acceptable to the Company, payment in one lump sum of: (1) 100200% of the greater of the current Base Salary or Executive’s highest Base Salary paid within the Employment Term; plus (2) the greater of (i) 100200% of Executive’s Target Annual Bonus for the fiscal year in which Executive’s Termination of Employment occurs or (ii) 100% of Executive’s Target Annual Bonus for the fiscal year immediately preceding the fiscal year in which Executive’s Termination of Employment occurs, Bonus; payable to Executive in one lump sum immediately following the expiration of the revocation period provided for in such release, but in no event later than two and a half (2-1/2) months after the end of the year in which the Executive’s Termination of Employment occurred; and (C) a lump sum payment continued coverage under the Company’s group health plans during the twenty-four (24) months following Executive’s Date of Termination on the same basis as active employees of the Company; provided that during any portion of that period beyond eighteen (18) months following Executive’s Date of Termination, to the extent coverage under the Company’s group health plans is not permissible under the terms of such plans, the Company may, in lieu of providing such coverage, pay Executive an amount equal to the premium subsidy the Company otherwise would have otherwise paid on Executive’s behalf under for such coverage during the Company’s health insurance plan had he remained employed for the twelve (12) months period following the Date balance of Terminationsuch period.

Appears in 1 contract

Samples: Employment Agreement (Chart Industries Inc)

Compensation if Terminated Outside of Protected Period. If, at any time other than during the Protected Period, the Executive’s employment is terminated by the Company without Cause (other than by reason of death or Disability) or if Executive resigns for Good Reason within 6 months of the condition giving rise to the good reasonGood Reason, Executive shall be entitled to receive: (A) the Accrued Rights; (B) subject to Executive’s (x) continued compliance with the provisions of Sections 10 and 11 and (y) execution and delivery of a general release of claims against the Company and its affiliates in a form reasonably acceptable to the Company, payment in one lump sum of: (1) 100150% of the greater of the current Base Salary or Executive’s highest Base Salary paid within the Employment Term; plus (2) the greater of (i) 100150% of Executive’s Target Annual Bonus for the fiscal year in which Executive’s Termination of Employment occurs or (ii) 100150% of Executive’s Target Annual Bonus for the fiscal year immediately preceding the fiscal year in which Executive’s Termination of Employment occurs, payable to Executive in one lump sum immediately following the expiration of the revocation period provided for in such release, but in no event later than two and a half (2-1/2) months after the end of the year in which the Executive’s Termination of Employment occurred; and (C) a lump sum payment equal to the premium subsidy the Company would have otherwise paid on Executive’s behalf under the Company’s health insurance plan had he remained employed for the twelve eighteen (1218) months month period following the Date of Termination.

Appears in 1 contract

Samples: Employment Agreement (Chart Industries Inc)

Compensation if Terminated Outside of Protected Period. If, at any time other than during the Protected Period, the Executive’s employment is terminated by the Company without Cause (other than by reason of death or Disability) or if Executive resigns for Good Reason within 6 months of the condition giving rise to the good reasonGood Reason, Executive shall be entitled to receive: (A) the Accrued Rights; (B) subject to Executive’s (x) continued compliance with the provisions of Sections 10 and 11 and (y) execution and delivery of a general release of claims against the Company and its affiliates in a form reasonably acceptable to the Company, payment in one lump sum of: (1) 100% of the greater of the current Base Salary or Executive’s highest Base Salary paid within the Employment Term; plus (2) the greater of (i) 100% of Executive’s Target Annual Bonus for the fiscal year in which Executive’s Termination of Employment occurs or (ii) 100% of Executive’s Target Annual Bonus for the fiscal year immediately preceding the fiscal year in which Executive’s Termination of Employment occurs, payable to Executive in one lump sum immediately following the expiration of the revocation period provided for in such release, but in no event later than two and a half (2-1/2) months after the end of the year in which the Executive’s Termination of Employment occurred; and (C) a lump sum payment equal to the premium subsidy the Company would have otherwise paid on Executive’s behalf under the Company’s health insurance plan had he remained employed for the twelve (12) months period following the Date of Termination.

Appears in 1 contract

Samples: Employment Agreement (Chart Industries Inc)

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Compensation if Terminated Outside of Protected Period. If, at any time other than during the Protected Period, the Executive’s employment is terminated by the Company without Cause (other than by reason of death or Disability) or if Executive resigns for Good Reason within 6 months of the condition giving rise to the good reasonGood Reason, Executive shall be entitled to receive: (A) the Accrued Rights; (B) subject to Executive’s (x) continued compliance with the provisions of Sections 10 and 11 and (y) execution and delivery of a general release of claims against the Company and its affiliates in a form reasonably acceptable to the Company, payment in one lump sum of: (1) 100150% of the greater of the current Base Salary or Executive’s highest Base Salary paid within the Employment Term; plus (2) the greater of (i) 100150% of Executive’s Target Annual Bonus for the fiscal year in which Executive’s Termination of Employment occurs or (ii) 100150% of Executive’s Target Annual Bonus for the fiscal year immediately preceding the fiscal year in which Executive’s Termination of Employment occurs, payable to Executive in one lump sum immediately following the expiration of the revocation period provided for in such release, but in no event later than two and a half (2-1/2) months after the end of the year in which the Executive’s Termination of Employment occurred; and (C) a lump sum payment equal to the premium subsidy the Company would have otherwise paid on Executive’s behalf under the Company’s health insurance plan had he remained employed for the twelve eighteen (1218) months period following the Date of Termination.

Appears in 1 contract

Samples: Employment Agreement (Chart Industries Inc)

Compensation if Terminated Outside of Protected Period. If, at any time other than during the Protected Period, the Executive’s employment is terminated by the Company without Cause (other than by reason of death or Disability) or if Executive resigns for Good Reason within 6 months of the condition giving rise to the good reason, Executive shall be entitled to receive: (A) the Accrued Rights; (B) subject to Executive’s (x) continued compliance with the provisions of Sections 10 and 11 and (y) execution and delivery of a general release of claims against the Company and its affiliates in a form reasonably acceptable to the Company, payment in one lump sum of: (1) 100% of the greater of the current Base Salary or Executive’s highest Base Salary paid within the Employment Term; plus (2) the greater of (i) 100% of Executive’s Target Annual Bonus for the fiscal year in which Executive’s Termination of Employment occurs or (ii) 100% of Executive’s Target Annual Bonus for the fiscal year immediately preceding the fiscal year in which Executive’s Termination of Employment occurs, payable to Executive in one lump sum immediately following the expiration of the revocation period provided for in such release, but in no event later than two and a half (2-1/2) months after the end of the year in which the Executive’s Termination of Employment occurred; and (C) a lump sum payment equal to the premium subsidy the Company would have otherwise paid on Executive’s behalf under the Company’s health insurance plan had he she remained employed for the twelve (12) months period following the Date of Termination.

Appears in 1 contract

Samples: Employment Agreement (Chart Industries Inc)

Compensation if Terminated Outside of Protected Period. If, at any time other than during the Protected Period, the Executive’s employment is terminated by the Company without Cause (other than by reason of death or Disability) or if Executive resigns for Good Reason within 6 months of the condition giving rise to the good reason, Executive shall be entitled to receive: (A) the Accrued Rights; (B) subject to Executive’s (x) continued compliance with the provisions of Sections 10 and 11 and (y) execution and delivery of a general release of claims against the Company and its affiliates in a form reasonably acceptable to the Company, payment in one lump sum of: (1) 100200% of the greater of the current Base Salary or Executive’s highest Base Salary paid within the Employment Term; plus (2) the greater of (i) 100200% of Executive’s Target Annual Bonus for the fiscal year in which Executive’s Termination of Employment occurs or (ii) 100200% of Executive’s Target Annual Bonus for the fiscal year immediately preceding the fiscal year in which Executive’s Termination of Employment occurs, payable to Executive in one lump sum immediately following the expiration of the revocation period provided for in such release, but in no event later than two and a half (2-1/2) months after the end of the year in which the Executive’s Termination of Employment occurred; and (C) a lump sum payment continued coverage under the Company’s group health plans during the twenty-four (24) months following Executive’s Date of Termination on the same basis as active employees of the Company; provided that during any portion of that period beyond eighteen (18) months following Executive’s Date of Termination, to the extent coverage under the Company’s group health plans is not permissible under the terms of such plans, the Company may, in lieu of providing such coverage, pay Executive an amount equal to the premium subsidy the Company otherwise would have otherwise paid on Executive’s behalf under for such coverage during the Company’s health insurance plan had he remained employed for the twelve (12) months period following the Date balance of Terminationsuch period.

Appears in 1 contract

Samples: Employment Agreement (Chart Industries Inc)

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