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

Good Reason; Other Than for Cause. If, during the Term, the Company shall terminate Executive's employment other than for Cause (but not for Disability), or the Executive shall terminate his employment for Good Reason: (1) Within 14 days of Executive's Date of Termination, the Company shall pay to Executive (i) the prorated portion of the Target Bonus for Executive for the year in which the Date of Termination occurs, and (ii) an amount equal to 1.5 times the sum of the Executive's Base Salary and Target Bonus as of the Date of Termination.

Appears in 3 contracts

Samples: Employment Agreement (Kindred Healthcare Inc), Employment Agreement (Kindred Healthcare Inc), Employment Agreement (Kindred Healthcare Inc)

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Good Reason; Other Than for Cause. If, during the Term, the Company shall terminate Executive's employment other than for Cause (but not for Disability), or the Executive shall terminate his employment for Good Reason: (1) Within 14 fourteen (14) days of Executive's Date of Termination, the Company shall pay to Executive (i) the prorated portion of the Target Bonus for Executive for the year in which the Date of Termination occurs, and plus (ii) an amount equal to 1.5 times the sum of the Executive's Base Salary and Target Bonus as of the Date of Termination.

Appears in 3 contracts

Samples: Employment Agreement (Ventas Inc), Employment Agreement (Ventas Inc), Employment Agreement (Ventas Inc)

Good Reason; Other Than for Cause. If, during the Term, the Company shall terminate Executive's ’s employment other than for Cause (but not for Disability), or the Executive shall terminate his employment for Good Reason: (1) Within 14 days of Executive's ’s Date of Termination, the Company shall pay to Executive (i) the prorated portion of the Target Bonus for Executive for the year in which the Date of Termination occurs, and (ii) an amount equal to 1.5 times the sum of the Executive's ’s Base Salary and Target Bonus as of the Date of Termination.

Appears in 2 contracts

Samples: Employment Agreement (Kindred Healthcare, Inc), Employment Agreement (Kindred Healthcare, Inc)

Good Reason; Other Than for Cause. If, during the Term, the --------------------------------- Company shall terminate Executive's employment other than for Cause (but not for Disability), or the Executive shall terminate his employment for Good Reason: (1) Within 14 days of Executive's Date of Termination, the Company shall pay to Executive (i) the prorated portion of the Target Bonus for Executive for the year in which the Date of Termination occurs, and (ii) an amount equal to 1.5 two times the sum of the Executive's Base Salary and Target Bonus as of the Date of Termination.

Appears in 1 contract

Samples: Employment Agreement (Kindred Healthcare Inc)

Good Reason; Other Than for Cause. If, during the Term, the Company shall terminate Executive's employment other than for Cause (but not for Disability), or the Executive shall terminate his employment for Good Reason: (1) Within 14 fourteen (14) days of Executive's Date of Termination, the Company shall pay to Executive (i) the prorated portion of the Target Bonus for Executive for the year in which the Date of Termination occurs, and plus (ii) an amount equal to 1.5 two (2) times the sum of the Executive's Base Salary and Target Bonus as of the Date of Termination.

Appears in 1 contract

Samples: Employment Agreement (Ventas Inc)

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Good Reason; Other Than for Cause. If, during the Term, the --------------------------------- Company shall terminate Executive's employment other than for Cause (but not for Disability), or the Executive shall terminate his employment for Good Reason: (1) Within 14 days of Executive's Date of Termination, the Company shall pay to Executive (i) the prorated portion of the Target Bonus for Executive for the year in which the Date of Termination occurs, and (ii) an amount equal to 1.5 times the sum of the Executive's Base Salary and Target Bonus as of the Date of Termination.

Appears in 1 contract

Samples: Employment Agreement (Kindred Healthcare Inc)

Good Reason; Other Than for Cause. If, during the Term, the Company shall terminate Executive's ’s employment other than for Cause (but not for Disability), or the Executive shall terminate his employment for Good Reason: (1) Within 14 days of Executive's ’s Date of Termination, the Company shall pay to Executive (i) the prorated portion of the Target Bonus for Executive for the year in which the Date of Termination occurs, and (ii) an amount equal to 1.5 three times the sum of the Executive's ’s Base Salary and Target Bonus as of the Date of Termination.

Appears in 1 contract

Samples: Employment Agreement (Kindred Healthcare Inc)

Good Reason; Other Than for Cause. If, during the Term, the --------------------------------- Company shall terminate Executive's employment other than for Cause (but not for Disability), or the Executive shall terminate his employment for Good Reason: (1) Within 14 fourteen (14) days of Executive's Date of Termination, the Company shall pay to Executive (i) the prorated portion of the Target Bonus for Executive for the year in which the Date of Termination occurs, and plus (ii) an amount equal to 1.5 times the sum of the Executive's Base Salary and Target Bonus as of the Date of Termination.

Appears in 1 contract

Samples: Employment Agreement (Ventas Inc)

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