Common use of Grounds Clause in Contracts

Grounds. This Agreement shall terminate in the event of the Executive’s death. In the case of the Executive’s Disability, the Company may elect to terminate the Executive’s employment as a result of such Disability. Where appropriate, the Company also may terminate the Executive’s employment pursuant to a Termination With Cause. Finally, the Executive may terminate his employment with the Company pursuant to either a Voluntary Termination or a Voluntary Termination for Good Reason. For purposes of this Agreement, the terms Disability, Voluntary Termination, Voluntary Termination for Good Reason, and Termination With Cause are defined in Section 11 of this Agreement.

Appears in 11 contracts

Samples: Employment Agreement (Summit Hotel Properties, Inc.), Employment Agreement (Summit Hotel Properties, Inc.), Employment Agreement (Summit Hotel Properties, Inc.)

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Grounds. This Agreement shall terminate in the event of the Executive’s death. In the case of the Executive’s Disability, the Company may elect to terminate the Executive’s employment as a result of such Disability. Where appropriate, the The Company also may terminate the Executive’s employment pursuant to a Termination With Cause or a Termination Without Cause. Finally, the Executive may terminate his the Executive’s employment with the Company pursuant to either a Voluntary Termination or a Voluntary Termination for Good Reason. For purposes of this Agreement, the terms Disability, Voluntary Termination, Voluntary Termination for Good Reason, Termination With Cause and Termination With Without Cause are defined in Section 11 of this Agreement.

Appears in 10 contracts

Samples: Employment Agreement (Priam Properties Inc.), Employment Agreement (Priam Properties Inc.), Employment Agreement (Priam Properties Inc.)

Grounds. This Agreement shall terminate in the event of the Executive’s death. In the case of the Executive’s Disability, the Company may elect to terminate the Executive’s employment Executive as a result of such Disability. Where appropriate, the Company also may terminate the Executive’s employment Executive pursuant to a Termination With Cause. Finally, the Executive may terminate his employment with the Company pursuant to either a Voluntary Termination or a Voluntary Termination for Good Reason. For purposes of this Agreement, the terms Disability, Voluntary Termination, Voluntary Termination for Good Reason, and Termination With Cause are defined in Section 11 12 of this Agreement.

Appears in 8 contracts

Samples: Employment Agreement (Chatham Lodging Trust), Employment Agreement (Chatham Lodging Trust), Employment Agreement (Chatham Lodging Trust)

Grounds. This Agreement The Executive’s employment shall terminate in the event of the Executive’s death. In the case of the Executive’s Disability, the Company may elect to terminate the Executive’s employment as a result of such Disability. Where appropriate, the Company also may terminate the Executive’s employment pursuant to a Termination With Cause. Finally, the Executive may terminate his employment with the Company pursuant to either a Voluntary Termination or a Voluntary Termination for Good Reason. For purposes of this Agreement, the terms Disability, Voluntary Termination, Voluntary Termination for Good Reason, and Termination With Cause are defined in Section 11 12 of this Agreement.

Appears in 4 contracts

Samples: Employment Agreement (Richmond Honan Medical Properties Inc.), Employment Agreement (Richmond Honan Medical Properties Inc.), Employment Agreement (Richmond Honan Medical Properties Inc.)

Grounds. This Agreement shall terminate in the event of the Executive’s 's death. In the case of the Executive’s 's Disability, the Company may elect to terminate the Executive’s employment Executive as a result of such Disability. Where appropriate, the Company also may terminate the Executive’s employment Executive pursuant to a Termination With Cause. Finally, the Executive may terminate his employment with the Company pursuant to either a Voluntary Termination or a Voluntary Termination for Good Reason. For purposes of this Agreement, the terms Disability, Voluntary Termination, Voluntary Termination for Good Reason, and Termination With Cause are defined in Section 11 10 of this Agreement.

Appears in 4 contracts

Samples: Employment Agreement (Innkeepers Usa Trust/Fl), Employment Agreement (Innkeepers Usa Trust/Fl), Employment Agreement (Innkeepers Usa Trust/Fl)

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Grounds. This Agreement shall terminate in the event of the Executive’s death. In the case of the Executive’s Disability, the Company may elect to terminate the Executive’s employment Executive as a result of such Disability. Where appropriate, the Company also may terminate the Executive’s employment Executive pursuant to a Termination With Cause. Finally, the Executive may terminate his employment with the Company pursuant to either a Voluntary Termination or a Voluntary Termination for Good Reason. For purposes of this Agreement, the terms Disability, Voluntary Termination, Voluntary Termination for Good Reason, and Termination With Cause are defined in Section 11 10 of this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Innkeepers Usa Trust/Fl), Employment Agreement (Innkeepers Usa Trust/Fl)

Grounds. This Agreement shall terminate in the event of the Executive’s death. In the case of the Executive’s Disability, the Company may elect to terminate the Executive’s employment as a result of such Disability. Where appropriate, the The Company also may terminate the Executive’s employment pursuant to a Termination With Cause or a Termination Without Cause. Finally, the Executive may terminate his the Executive’s employment with the Company pursuant to either a Voluntary Termination or a Voluntary Termination for Good Reason. For purposes of this Agreement, the terms Disability, Voluntary Termination, Voluntary Termination for Good Reason, Termination With Cause and Termination With Without Cause are defined in Section 11 10 of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Summit Hotel Properties, Inc.)

Grounds. This Agreement shall terminate in the event of the Executive’s death. In the case of the Executive’s Disability, the Company may elect to terminate the Executive’s employment as a result of such Disability. Where appropriate, the The Company also may terminate the Executive’s employment pursuant to a Termination With Cause or a Termination Without Cause. Finally, the Executive may terminate his the Executive’s employment with the Company pursuant to either a Voluntary Termination or a Voluntary Termination for Good Reason. For purposes of this AgreementAgreement and the Equity Plan, the terms Disability, Voluntary Termination, Voluntary Termination for Good Reason, Termination With Cause and Termination With Without Cause are defined in Section 11 10 of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Summit Hotel Properties, Inc.)

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