Common use of Executive’s Resignation without Good Reason Clause in Contracts

Executive’s Resignation without Good Reason. In the event that Executive resigns his employment without Good Reason, Executive will not be entitled to the Severance Benefits, severance pay, pay in lieu of notice or any other such compensation, or any accelerated vesting of equity awards, other than payment of accrued salary and such other accrued benefits as expressly required in such event by applicable law or the terms of any applicable Company benefit plans. Termination of Executive’s employment due to Executive’s death or disability will be treated as Executive’s resignation without Good Reason.

Appears in 7 contracts

Samples: Employment Agreement (WEB.COM Group, Inc.), Employment Agreement (WEB.COM Group, Inc.), Employment Agreement (WEB.COM Group, Inc.)

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Executive’s Resignation without Good Reason. In the event that Executive resigns his employment without Good Reason, Executive will not be entitled to the Applicable Severance Benefits, severance pay, pay in lieu of notice or any other such compensation, or any accelerated vesting of equity stock, options or other stock awards, other than payment of accrued salary and such other accrued benefits as expressly required in such event by applicable law or the terms of any applicable Company benefit plans. Termination of Executive’s employment due to Executive’s death or disability will be treated as Executive’s resignation without Good Reason.

Appears in 3 contracts

Samples: Employment Agreement (Website Pros Inc), Employment Agreement (Website Pros Inc), Employment Agreement (Website Pros Inc)

Executive’s Resignation without Good Reason. In the event that Executive resigns his employment without Good Reason, Executive will not be entitled to the Severance Benefits, severance pay, pay in lieu of notice or any other such compensation, or any accelerated vesting of equity stock, options or other stock awards, other than payment of accrued salary and such other accrued benefits as expressly required in such event by applicable law or the terms of any applicable Company benefit plans. Termination of Executive’s employment due to Executive’s death or disability will be treated as Executive’s resignation without Good Reason.

Appears in 2 contracts

Samples: Employment Agreement (Website Pros Inc), Employment Agreement (Website Pros Inc)

Executive’s Resignation without Good Reason. In the event that Executive resigns his employment without Good Reason, Executive will not be entitled to the Severance BenefitsBenefits (defined above), severance pay, pay in lieu of notice or any other such compensation, or any accelerated vesting of equity awards, other than payment of accrued salary and such other accrued benefits as expressly required in such event by applicable law or the terms of any applicable Company benefit plans. Termination of Executive’s employment due to Executive’s death or disability will be treated as Executive’s resignation without Good Reason.

Appears in 1 contract

Samples: Employment Agreement (ARYx Therapeutics, Inc.)

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Executive’s Resignation without Good Reason. In the event that Executive resigns his employment without Good Reason, Executive will not be entitled to the Severance Benefits, severance pay, pay in lieu of notice or any other such compensation, or any accelerated vesting of equity awards, compensation other than payment of accrued salary and such other accrued benefits as expressly required in such event by applicable law or the terms of any applicable Company benefit plans. Termination All stock options and any other stock awards held by Executive shall cease vesting as of the date Executive’s employment due to Executive’s death or disability will be treated as Executive’s resignation without resignation, other than for Good Reason, becomes effective and shall be exercisable thereafter only pursuant to the terms of the applicable stock option plans and agreements.

Appears in 1 contract

Samples: Employment Agreement (ARYx Therapeutics, Inc.)

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