Common use of For Cause; Other Than for Good Reason Clause in Contracts

For Cause; Other Than for Good Reason. If, during the Term, Employer shall terminate this Agreement and Employee's employment hereunder for Cause or Employee shall terminate this Agreement and Employee's employment hereunder other than for Good Reason, Employer's sole obligation to Employee under this Agreement or otherwise shall be to, on the next regular paydate following the date of termination, (i) pay to Employee any Base Salary earned, but not yet paid to Employee, prior to the date of such termination, (ii) pay to Employee any accrued, but unused, vacation days through the date of termination, and (iii) reimburse Employee for any expenses incurred by Employee through the date of termination in accordance with Section 3.02 (collectively, the "Accrued Obligations"). All vested stock options shall remain in effect pursuant to the terms of the Plan.

Appears in 4 contracts

Samples: Executive Employment Agreement (PMX Communities, Inc.), Employment Agreement (Ivivi Technologies, Inc.), Employment Agreement (Ivivi Technologies, Inc.)

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For Cause; Other Than for Good Reason. If, during the Term, Employer shall terminate this Agreement and Employee's employment hereunder for Cause or Employee shall terminate this Agreement and Employee's employment hereunder other than for Good Reason, Employer's sole obligation to Employee under this Agreement or otherwise shall be to, on the next regular paydate following the date of termination, (i) pay to Employee any Base Salary earned, but not yet paid to Employee, prior to the date of such termination, (ii) pay to Employee any accrued, but unused, vacation days through the date of termination, and (iii) reimburse Employee for any expenses incurred by Employee through the date of termination in accordance with Section 3.02 (collectively, the "Accrued ObligationsACCRUED OBLIGATIONS"). All vested stock options shall remain in effect pursuant to the terms of the Plan.

Appears in 3 contracts

Samples: Employment Agreement (Ivivi Technologies, Inc.), Employment Agreement (Ivivi Technologies, Inc.), Employment Agreement (Ivivi Technologies, Inc.)

For Cause; Other Than for Good Reason. If, during the Term, (i) Employer shall terminate this Agreement and Employee's employment hereunder for Cause Cause, or (ii) Employee shall terminate this Agreement and Employee's employment hereunder other than for Good Reason, Employer's sole obligation to Employee under this Agreement or otherwise shall be to, on the Employer's next regular paydate pay date following the date of termination, (i) pay to Employee any Base Salary earned, but not yet paid to Employee, prior to the date of such termination, (ii) pay to Employee any accrued, but unused, vacation days through the date of termination, and (iii) reimburse Employee for any expenses incurred by Employee through the date of termination in accordance with Section 3.02 (collectively, the "Accrued ObligationsACCRUED OBLIGATIONS"). All vested stock options equity awards shall remain in effect pursuant to the terms of the Plantheir existing terms.

Appears in 2 contracts

Samples: Employment Agreement (Ivivi Technologies, Inc.), Employment Agreement (Ivivi Technologies, Inc.)

For Cause; Other Than for Good Reason. If, during the Term, Employer shall terminate this Agreement and Employee's employment hereunder for Cause or Employee shall terminate this Agreement and Employee's employment hereunder other than for Good Reason, Employer's sole obligation to Employee under this Agreement or otherwise shall be to, on the next regular paydate following the date of termination, (i) pay to Employee any Base Salary earned, but not yet paid to Employee, prior to the date of such termination, (ii) pay to Employee any accrued, but unused, vacation days through the date of termination, and (iii) reimburse Employee for any expenses incurred by Employee through the date of termination in accordance with Section 3.02 (collectively, the "Accrued Obligations"). All vested stock options Options shall remain in effect pursuant to the terms of the Plan.

Appears in 1 contract

Samples: Employment Agreement (Ivivi Technologies, Inc.)

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For Cause; Other Than for Good Reason. If, during the Term, (i) Employer shall terminate this Agreement and Employee's employment hereunder for Cause Cause, or (ii) Employee shall terminate this Agreement and Employee's employment hereunder other than for Good ReasonReason (excluding a termination described in Section 4.02(F) below), Employer's sole obligation to Employee under this Agreement or otherwise shall be to, on the Employer's next regular paydate pay date following the date of termination, (i) pay to Employee any Base Salary earned, but not yet paid to Employee, prior to the date of such termination, (ii) pay to Employee any accrued, but unused, vacation days through the date of termination, and (iii) reimburse Employee for any expenses incurred by Employee through the date of termination in accordance with Section 3.02 (collectively, the "Accrued ObligationsACCRUED OBLIGATIONS"). All vested stock options equity awards shall remain in effect pursuant to the terms of the Plantheir existing terms.

Appears in 1 contract

Samples: Employment Agreement (Ivivi Technologies, Inc.)

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