Common use of Effect of Termination Without Cause or for Good Reason Clause in Contracts

Effect of Termination Without Cause or for Good Reason. Upon the termination of this Agreement pursuant to subsection 5(b) hereof by Employer without Cause or by Executive for Good Reason, Executive shall be entitled to payment of: (i) Base Compensation (at the rate in effect on the date of such termination) and all benefits under Section 4(c) hereof for 24 months; and (ii) amounts accrued under benefit plans in which Executive is a participant as of such termination date..

Appears in 3 contracts

Samples: Employment Agreement (Iesi Corp), Employment Agreement (Iesi Corp), Employment Agreement (Iesi Corp)

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Effect of Termination Without Cause or for Good Reason. Upon the termination of this Agreement pursuant to subsection 5(b) hereof by Employer without Cause or by Executive for Good Reason, Executive shall be entitled to payment of: (i) Base Compensation (at the rate in effect on the date of such termination) and all benefits under Section 4(c) hereof for 24 12 months; and (ii) amounts accrued under benefit plans in which Executive is a participant as of such termination date..

Appears in 1 contract

Samples: Employment Agreement (Iesi Corp)

Effect of Termination Without Cause or for Good Reason. Upon the termination of this Agreement pursuant to subsection 5(b) hereof by Employer without Cause or by Executive for Good Reason, Executive shall be entitled to payment of: (i) Base Compensation (at the rate in effect on the date of such termination) and all benefits under Section 4(c) hereof for 24 18 months; and (ii) amounts accrued under benefit plans in which Executive is a participant as of such termination date..

Appears in 1 contract

Samples: Employment Agreement (Iesi Corp)

Effect of Termination Without Cause or for Good Reason. Upon the termination of this Agreement pursuant to subsection 5(b) hereof by Employer without Cause or by Executive for Good Reason, Executive shall be entitled to payment of: (i) Base Compensation (at the rate in effect on the date of such termination) and all benefits under Section 4(c) hereof for 24 36 months; and (ii) amounts accrued under benefit plans in which Executive is a participant as of such termination date...

Appears in 1 contract

Samples: Employment Agreement (Iesi Corp)

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Effect of Termination Without Cause or for Good Reason. Upon the termination of this Agreement pursuant to subsection 5(b) hereof by Employer without Cause or by Executive for Good Reason, Executive shall be entitled to payment of: (i) Base Compensation (at the rate in effect on the date of such termination) and all benefits under Section 4(c) hereof for 24 36 months; and (ii) amounts accrued under benefit plans in which Executive is a participant as of such termination date..

Appears in 1 contract

Samples: Employment Agreement (Iesi Corp)

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