Common use of Involuntary Termination for Cause Clause in Contracts

Involuntary Termination for Cause. In the event the Company terminates Executive's employment for Cause (as such term is defined below), such termination ("Termination For Cause") shall be effective immediately upon notice thereof, in which case Executive will have no rights or claims against the Company under this Agreement except as follows: (i) Executive shall be paid (A) any unpaid portion of his Base Salary computed on a pro rata basis through the date of his termination and (B) any unreimbursed expenses; and (ii) All other of Executive's accrued but unpaid rights shall be as determined under any incentive compensation, stock option, retirement, employee welfare or other employee benefits plan and program of the Company in which Executive is then participating at the time of his termination.

Appears in 5 contracts

Samples: Employment Agreement (Inovio Biomedical Corp), Employment Agreement (Inovio Biomedical Corp), Employment Agreement (Inovio Biomedical Corp)

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Involuntary Termination for Cause. In the event the Company terminates Executive's ’s employment for Cause (as such term is defined below), such termination ("Termination For Cause") shall be effective immediately upon notice thereof, in which case Executive will have no rights or claims against the Company under this Agreement except as follows: (i) Executive shall be paid (A) any unpaid portion of his Base Salary computed on a pro rata basis through the date of his termination and (B) any unreimbursed expenses; and (ii) All other of Executive's ’s accrued but unpaid rights shall be as determined under any incentive compensation, stock option, retirement, employee welfare or other employee benefits plan and program of the Company in which Executive is then participating at the time of his termination.

Appears in 3 contracts

Samples: Employment Agreement (Inovio Pharmaceuticals, Inc.), Employment Agreement (Inovio Pharmaceuticals, Inc.), Employment Agreement (Inovio Pharmaceuticals, Inc.)

Involuntary Termination for Cause. In the event the Company terminates Executive's ’s employment for Cause (as such term is defined below), such termination ("Termination For Cause") shall be effective immediately upon notice thereof, in which case Executive will have no rights or claims against the Company under this Agreement except as follows: (i) Executive shall be paid (A) any unpaid portion of his her Base Salary computed on a pro rata basis through the date of his her termination and (B) any unreimbursed expenses; and (ii) All other of Executive's accrued but unpaid rights shall be as determined under any incentive compensation, stock option, retirement, employee welfare or other employee benefits plan and program of the Company in which Executive is then participating at the time of his her termination.

Appears in 1 contract

Samples: Employment Agreement (Inovio Pharmaceuticals, Inc.)

Involuntary Termination for Cause. In the event the Company terminates Executive's employment for Cause (as such term is defined below), such termination ("Termination For Cause") shall be effective immediately upon notice thereof, in which case Executive will have no rights or claims against the Company under this Agreement except as follows: (i) Executive shall be paid (A) any unpaid portion of his her Base Salary computed on a pro rata basis through the date of his her termination and (B) any unreimbursed expenses; and (ii) All other of Executive's accrued but unpaid rights shall be as determined under any incentive compensation, stock option, retirement, employee welfare or other employee benefits plan and program of the Company in which Executive is then participating at the time of his her termination.

Appears in 1 contract

Samples: Employment Agreement (Inovio Biomedical Corp)

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Involuntary Termination for Cause. In the event the Company terminates Executive's ’s employment for Cause (as such term is defined below), such termination ("Termination For Cause") shall be effective immediately upon notice thereof, in which case Executive will have no rights or claims against the Company under this Agreement except as follows: (i) Executive shall be paid (A) any unpaid portion of his Base Salary computed on a pro rata basis through the date of his termination and (B) any unreimbursed expenses; and (ii) All other of Executive's accrued but unpaid rights shall be as determined under any incentive compensation, stock option, retirement, employee welfare or other employee benefits plan and program of the Company in which Executive is then participating at the time of his termination.

Appears in 1 contract

Samples: Employment Agreement (Inovio Pharmaceuticals, Inc.)

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