Common use of Effect of Other Termination Events Clause in Contracts

Effect of Other Termination Events. If Executive voluntarily resigns from employment or is terminated for just cause prior to the end of the term of this Agreement, then Executive shall be entitled to no payment or compensation whatsoever from the Company under this Agreement, other than as may be due Executive through Executive's last day of employment. If Executive's employment is terminated due to Executive's disability or death (as defined in the Company's long-term disability plan or insurance policy), Executive shall be entitled to no payment or compensation other than as provided by the Company's short and long-term disability plans or, in the case of death, its life insurance payment policy in effect for executives of Executive's level or pursuant to the terms of any separate agreement concerning split-dollar or similar life insurance; provided, however, Executive or Executive's estate, as the case may be, shall not by operation of this provision forfeit any rights in which Executive is vested at the time of Executive's disability or death (including, without limitation, the rights and benefits provided under applicable retirement plans).

Appears in 7 contracts

Samples: Employment Agreement (Interface Inc), Employment Agreement (Interface Inc), Employment Agreement (Interface Inc)

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Effect of Other Termination Events. If Executive voluntarily resigns from employment or is terminated for just cause prior to the end of the term of this Agreement, then Executive shall be entitled to no payment or compensation whatsoever from the Company under this Agreement, other than as may be due Executive through Executive's last day of employment. If Executive's employment is terminated due to Executive's disability or death (as defined in the Company's long-term disability plan or insurance policy), Executive shall be entitled to no payment or compensation other than as provided by the Company's short and long-term disability plans or, in the case of death, its life insurance payment policy in effect for executives of Executive's level or pursuant to the terms of any separate agreement concerning split-dollar or similar life insurance; provided, however, Executive or Executive's estate, as the case may be, shall not by operation of this provision forfeit any rights in which Executive is vested at the time of Executive's disability or death (including, without limitation, the rights and benefits provided under applicable retirement plansplans and Executive's Salary Continuation Agreement with the Company).

Appears in 7 contracts

Samples: Employment Agreement (Interface Inc), Employment Agreement (Interface Inc), Employment Agreement (Interface Inc)

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Effect of Other Termination Events. If Executive voluntarily voluntary resigns from employment employment, or is terminated for just cause prior to the end of the term of this Agreement, then Executive shall be entitled to no payment or compensation whatsoever from the Company under this Agreement, other than as may be due Executive through Executive's last day of employment. If Executive's his employment is terminated due to Executive's disability or death (as defined in the Company's long-term disability plan or insurance policy), Executive shall be entitled to no payment or only (i) in the case of resignation, such salary, reimbursable expenses and other amounts as may be due Executive through Executive's last day of employment; (ii) in the case of disability, such compensation other than as provided by the Company's short and long-term disability plans or, plans; or (iii) in the case of death, such payments as are provided by its life insurance payment policy or plan in effect for executives of Executive's level at that time or pursuant to the terms of any separate agreement concerning split-dollar or similar life insurance; provided, however, Executive or Executive's estate, as the case may be, shall not by operation of this provision forfeit any rights in which Executive is vested at the time of Executive's disability or death (including, without limitation, the rights and benefits provided under applicable stock plans and retirement plans).

Appears in 1 contract

Samples: Employment Agreement (Interface Inc)

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