Common use of Non-Qualifying Termination Clause in Contracts

Non-Qualifying Termination. If the employment of Executive terminates pursuant to a Non-Qualifying Termination, then the Company shall pay to Executive within five (5) business days following the Date of Termination, a lump-sum cash payment equal to the sum of (i) Executive’s Annual Base Salary payable through the Date of Termination; (ii) bonus amounts earned by Executive and declared and approved by the Board; and (iii) the cash equivalent of any accrued Paid Time Off; in each case to the extent not already paid. The Company may make such additional payments and provide such additional benefits to Executive as the Company and Executive may agree in writing.

Appears in 9 contracts

Samples: Employment Agreement (Protection One Inc), Employment Agreement (Protection One Inc), Employment Agreement (Protection One Inc)

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Non-Qualifying Termination. If during the Termination Period the employment of Executive terminates pursuant to shall terminate other than by reason of a Non-Qualifying Termination, then the Company shall pay to Executive within five thirty (530) business days following the Date of Termination, a lump-sum cash payment equal to the sum of (i) Executive’s Annual Base Salary payable through the Date of Termination; (ii) bonus amounts earned by Executive and declared and approved by the Board; and (iii) the cash equivalent of any accrued Paid Time Off; in each case to the extent not already paidAccrued Amounts. The Company may make such additional payments payments, and provide such additional benefits benefits, to Executive as the Company and Executive may agree in writing.

Appears in 6 contracts

Samples: Change in Control Agreement (Swift Transportation Co Inc), Change in Control Agreement (Swift Transportation Co Inc), Change in Control Agreement (Swift Transportation Co Inc)

Non-Qualifying Termination. If the employment of Executive terminates pursuant to a Non-Qualifying Termination, then the Company shall pay to Executive within five (5) business days following the Date of Termination, a lump-sum cash payment equal to the sum of (i1) Executive’s Annual Base Salary payable through the Date of Termination; (ii2) bonus amounts earned by Executive and declared and approved by the Board; and (iii3) the cash equivalent of any accrued Paid Time Off; in each case to the extent not already paid. The Company may make such additional payments and provide such additional benefits to Executive as the Company and Executive may agree in writing.

Appears in 5 contracts

Samples: Employment Agreement (Protection One Alarm Monitoring Inc), Employment Agreement (Protection One Alarm Monitoring Inc), Employment Agreement (Protection One Alarm Monitoring Inc)

Non-Qualifying Termination. If during the Termination Period the employment of Executive terminates pursuant to shall terminate other than by reason of a Non-Qualifying Termination, then the Company shall pay to Executive within five three (53) business days following the Date of Termination, a lump-sum cash payment amount equal to the sum of (i) Executive’s Annual Base Salary payable base salary through the Date of Termination; (ii) Termination and any bonus amounts earned by Executive and declared and approved by the Board; and (iii) the cash equivalent of any accrued Paid Time Off; in each case which have become payable, to the extent not already paidtheretofore paid or deferred, and (ii) unreimbursed business expenses incurred in accordance with Company policy and any accrued vacation pay. The Company may make such additional payments payments, and provide such additional benefits benefits, to Executive as the Company and Executive may agree in writing.

Appears in 2 contracts

Samples: Change in Control Severance Agreement (Djo Inc), Change in Control Severance Agreement (Djo Inc)

Non-Qualifying Termination. If the employment of Executive terminates pursuant to a Non-Qualifying Termination, then the Company shall pay to Executive within five (5) business days following the Date of Termination, a lump-sum cash payment equal to the sum of (i) Executive’s Annual Base Salary payable through the Date of Termination; (ii) bonus amounts earned by Executive and declared and approved by the Board; and (iii) the cash equivalent of any accrued Paid Time Off; in each case to the extent not already paid. The Company may make such additional payments and provide such additional benefits to Executive as the Company and Executive may agree in writing.

Appears in 1 contract

Samples: Employment Agreement (Protection One Alarm Monitoring Inc)

Non-Qualifying Termination. If during the Termination Period the employment of Executive terminates pursuant to other than by reason of a Non-Qualifying Termination, then the Company shall pay to Executive within five (5) Executive, on the thirtieth day following the Date of Termination, or if such day is not a business day, on the first business day that is at least thirty days following the Date of Termination, a the lump-sum cash payment equal to the sum of (i) Executive’s Annual Base Salary payable through the Date of Termination; (ii) bonus amounts earned by Executive and declared and approved by the Board; and (iii) the cash equivalent of any accrued Paid Time Off; amount described in each case to the extent not already paidSection 4(a)(i). The Company may make such additional payments payments, and provide such additional benefits benefits, to Executive as the Company and Executive may agree in writing.

Appears in 1 contract

Samples: Change in Control Severance Agreement (Caraustar Industries Inc)

Non-Qualifying Termination. If during the Termination Period the employment of Executive terminates pursuant to other than by reason of a Non-Qualifying Termination, then the Company shall pay to Executive Executive, within five (5) business 30 days following the Date of Termination, a the lump-sum cash payment equal to the sum of (i) Executive’s Annual Base Salary payable through the Date of Termination; (ii) bonus amounts earned by Executive and declared and approved by the Board; and (iii) the cash equivalent of any accrued Paid Time Off; amount described in each case to the extent not already paidSECTION 4(a)(i). The Company may make such additional payments payments, and provide such additional benefits benefits, to Executive as the Company and Executive may agree in writing.

Appears in 1 contract

Samples: Change in Control Severance Agreement (Caraustar Industries Inc)

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Non-Qualifying Termination. If the employment of Executive terminates pursuant to a Non-Non Qualifying Termination, then the Company shall pay to Executive within five (5) business days following the Date of Termination, a lump-lump sum cash payment equal to the sum of (i) Executive’s 's Annual Base Salary payable through the Date of Termination; (ii) bonus amounts earned by Executive and declared and approved by the Board; and (iii) the cash equivalent of any accrued Paid Time Off; in each case to the extent not already paid. The Company may make such additional payments and provide such additional benefits to Executive as the Company and Executive may agree in writing.

Appears in 1 contract

Samples: Employment Agreement (Protection One Alarm Monitoring Inc)

Non-Qualifying Termination. If during the Termination Period the employment of Executive terminates pursuant to other than by reason of a Non-Qualifying Termination, then the Company shall pay to Executive within five (5) Executive, on the thirtieth day following the Date of Termination, or if such day is not a business day, on the first business day that is at least ten days following the Date of Termination, a the lump-sum cash payment equal to the sum of (i) Executive’s Annual Base Salary payable through the Date of Termination; (ii) bonus amounts earned by Executive and declared and approved by the Board; and (iii) the cash equivalent of any accrued Paid Time Off; amount described in each case to the extent not already paidSection 4(a)(i). The Company may make such additional payments payments, and provide such additional benefits benefits, to Executive as the Company and Executive may agree in writing.

Appears in 1 contract

Samples: Change in Control Severance Agreement (Caraustar Industries Inc)

Non-Qualifying Termination. If during the Termination Period the employment of Executive terminates pursuant to other than by reason of a Non-Qualifying Termination, then the Company shall pay to Executive Executive, within five (5) business 30 days following the Date of Termination, a the lump-sum cash payment equal to the sum of (i) Executive’s Annual Base Salary payable through the Date of Termination; (ii) bonus amounts earned by Executive and declared and approved by the Board; and (iii) the cash equivalent of any accrued Paid Time Off; amount described in each case to the extent not already paidSection 4(a)(i). The Company may make such additional payments payments, and provide such additional benefits benefits, to Executive as the Company and Executive may agree in writing.

Appears in 1 contract

Samples: Change in Control Severance Agreement (Caraustar Industries Inc)

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