Common use of General Effect of Termination for Cause Clause in Contracts

General Effect of Termination for Cause. In the event Executive’s employment with the Company and its subsidiaries is involuntarily terminated by the Company with Cause at any time, whether before or after a Change of Control, then such termination of employment will not be a Termination Event, Executive will not be entitled to receive any payments or benefits under the provisions of this Agreement, and the Company will cease paying compensation or providing benefits to Executive as of Executive’s termination date.

Appears in 5 contracts

Samples: Severance Agreement (Verigy Ltd.), Severance Agreement (Verigy Ltd.), Severance Agreement (Verigy Ltd.)

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General Effect of Termination for Cause. In the event Executive’s employment with the Company and its subsidiaries Employer is involuntarily terminated by the Company Employer with Cause at any time, whether before or after a Change of Control, then such termination of employment will not be a Termination Event, Executive will not be entitled to receive any payments or benefits under the provisions of this Agreement, and the Company will cease paying compensation or providing benefits to Executive as of Executive’s termination date.

Appears in 2 contracts

Samples: Equity Award Modification Agreement (Verigy Ltd.), Equity Award Modification Agreement (Verigy Ltd.)

General Effect of Termination for Cause. In the event Executive’s 's employment with the Company and its subsidiaries Employer is involuntarily terminated by the Company Employer with Cause at any time, whether before or after a Change of Control, then such termination of employment will not be a Termination Event, Executive will not be entitled to receive any payments or benefits under the provisions of this Agreement, and the Company will cease paying compensation or providing benefits to Executive as of Executive’s termination date.

Appears in 2 contracts

Samples: Equity Award Modification Agreement (Verigy Ltd.), Equity Award Modification Agreement (Verigy Ltd.)

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General Effect of Termination for Cause. In the event Executive’s 's employment with the Employing Company and its subsidiaries is involuntarily terminated by the Employing Company with Cause at any time, whether before or after a Change of Control, then such termination of employment will not be a Termination Event, Executive will not be entitled to receive any payments or benefits under the provisions of this Agreement, and the Company will cease paying compensation or providing benefits to Executive as of Executive’s termination dateAppendix.

Appears in 1 contract

Samples: Equity Incentive Plan (Advantest Corp)

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