Common use of FOR REASON OF CAUSE Clause in Contracts

FOR REASON OF CAUSE. In the Event of Executive's Termination of Service for reason of Cause, the Company's obligations to Executive shall be limited to: (i) Payment immediately upon Executive's Termination of Service of any previously unpaid Base Salary; (ii) Performance of Company obligations with respect to Executive's exercise of any stock options or other rights previously granted to Executive under any Company Long-Term Incentive Plan provided such options or other rights have vested as of the date of the termination of executive's service in accordance with any agreement between the Company and Executive covering such options or other rights.

Appears in 5 contracts

Samples: Employment Agreement (Gametech International Inc), Employment Agreement (Gametech International Inc), Employment Agreement (Gametech International Inc)

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FOR REASON OF CAUSE. In the Event event of Executive's Termination of Service for reason Reason of Cause, the Company's obligations obligation to Executive shall be limited to: (i) Payment immediately upon Executive's Termination of Service of any previously unpaid Base Salary; (ii) Performance of Company obligations with respect to Executive's exercise of any stock options or other rights previously granted to Executive under any Company Long-Term Incentive Plan provided such options or other rights have vested as of the date of the termination of executive's service in accordance with any agreement between the Company and Executive covering such options or other rights; and (iii) Payment of any life insurance benefits provided to Executive by the Company in accordance with the terms and conditions of such benefits and this Agent.

Appears in 1 contract

Samples: Employment Agreement (On Stage Entertainment Inc)

FOR REASON OF CAUSE. In the Event of Executive's Termination of Service for reason of Cause, Cause the Company's obligations to Executive shall be limited to: (i) i. Payment immediately upon Executive's Termination of Service of any previously unpaid Base SalarySalary and the first installment only of any Annual Bonus earned but previously unpaid for the previous fiscal year; (ii) . Performance of Company obligations with respect to Executive's exercise of any stock options or other rights previously granted to Executive under any Company Long-Term Incentive Plan provided such options or other rights have vested as of the date of the termination of executive's service in accordance with any agreement between the Company and Executive covering such options or other rights.

Appears in 1 contract

Samples: Employment Agreement (Schuler Holdings Inc)

FOR REASON OF CAUSE. (i) In the Event of Executive's Termination of Service for reason of Cause, the Company's obligations to Executive shall be limited to: (iii) Payment immediately upon Executive's Termination of Service of any previously unpaid Base Salary; (iiiii) Performance of Company obligations with respect to Executive's exercise of any stock options or other rights previously granted to Executive under any Company Long-Term Incentive Plan provided such options or other rights have vested as of the date of the termination of executive's service in accordance with any agreement between the Company and Executive covering such options or other rights.

Appears in 1 contract

Samples: Employment Agreement (Gametech International Inc)

FOR REASON OF CAUSE. In the Event of Executive's Termination of Service for reason of Cause, the Company's obligations to Executive shall be limited to: (i) i. Payment immediately upon Executive's Termination of Service of any previously unpaid Base Salary;Salary and the first installment only of any Annual Bonus earned but previously unpaid for the previous fiscal year; and (ii) . Performance of Company obligations with respect to Executive's exercise of any stock options or other rights previously granted to Executive under any Company Long-Term Incentive Plan provided such options or other rights have vested as of the date of the termination of executive's service in accordance with any agreement between the Company and Executive covering such options or other rights.

Appears in 1 contract

Samples: Employment Agreement (Schuler Holdings Inc)

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FOR REASON OF CAUSE. In the Event of Executive's Termination of Service for reason of Cause, the Company's obligations to Executive executive shall be limited to: (i) Payment immediately upon Executive's Termination of Service of any previously unpaid Base Salary; (ii) Performance of Company obligations with respect to Executive's exercise of any stock options or other rights previously granted to Executive under any Company Long-Term Incentive Plan provided such options or other rights have vested as of the date of the termination of executive's service in accordance with any agreement between the Company and Executive covering such options or other rights.

Appears in 1 contract

Samples: Employment Agreement (Gametech International Inc)

FOR REASON OF CAUSE. In the Event event of Executive's ’s Termination of Service for reason Reason of Cause, the Company's obligations ’s obligation to Executive shall be limited to: (i) Payment immediately upon Executive's ’s Termination of Service of any previously unpaid Base Salary; (ii) Performance of Company obligations with respect to Executive's ’s exercise of any stock options or other rights previously granted to Executive under any Company Long-Term Incentive Plan provided such options or other rights have vested as of the date of the termination of executive's service in accordance with any agreement between the Company and Executive covering such options or other rights; and (iii) Payment of any life insurance benefits provided to Executive by the Company in accordance with the terms and conditions of such benefits and this Agent.

Appears in 1 contract

Samples: Employment Agreement (On Stage Entertainment Inc)

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