Common use of Executive’s Constructive Termination Clause in Contracts

Executive’s Constructive Termination. Executive may terminate this Agreement and his or her employment on account of a Constructive Termination. In such event, the Company shall pay or provide to Executive: a. The amounts determined under Sections 3.1a, 3.1d and 3.1e hereof, which shall be payable in the form of a single-sum 45 days after Executive’s Termination Date, provided that Executive has then satisfied all applicable conditions; and b. The benefit described in Section 3.1c hereof, subject to the terms and conditions set forth therein.

Appears in 6 contracts

Samples: Executive Employment Agreement, Executive Employment Agreement (Cleco Corp), Executive Employment Agreement (Cleco Corp)

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Executive’s Constructive Termination. Executive may terminate this Agreement and his or her employment with the Company on account of a Constructive Termination. In such event, the Company shall pay or provide to Executive: a. The amounts determined under Sections 3.1a, 3.1d 3.1b and 3.1e hereof, which amounts shall be payable aggregated and paid in the form of a single-sum 45 days after Executive’s Termination Separation Date, provided that Executive has then satisfied all applicable conditions; and; b. The benefit described in Section 3.1c hereof, subject to the terms and conditions set forth therein. c. The benefits and amounts set forth in Sections 3.1d, 3.1f, 3.1g, and 3.1h hereof.

Appears in 1 contract

Samples: Executive Employment Agreement (Cleco Corp)

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