Common use of Non-Renewal by the Company, Without Cause or for Good Reason Clause in Contracts

Non-Renewal by the Company, Without Cause or for Good Reason. The Employment Term and the Executive’s employment hereunder may be terminated by the Executive for Good Reason or by the Company without Cause or on account of the Company’s failure to renew the Amended Agreement in accordance with Section 1. In the event of such termination, the Executive shall be entitled to receive the Accrued Amounts set forth in Sections 5.1(a)(i)-(iv). In addition, and subject to the Executive’s compliance with Section 6, Section 7, Section 8, and Section 9 of this Amended Agreement and his execution of a release of claims in favor of the Company, its affiliates and their respective officers and directors in a form provided by the Company (the “Release”) and such Release becoming effective within 28 days following the Termination Date, as determined in accordance with Section 5.6 hereto, (such 28-day period, the “Release Execution Period”), the Executive shall also be entitled to receive the following:

Appears in 3 contracts

Samples: Employment Agreement (Us Xpress Enterprises Inc), Employment Agreement (Us Xpress Enterprises Inc), Employment Agreement (Us Xpress Enterprises Inc)

AutoNDA by SimpleDocs

Non-Renewal by the Company, Without Cause or for Good Reason. The Employment Term and the Executive’s employment hereunder may be terminated by the Executive for Good Reason or by the Company without Cause or on account of the Company’s failure to renew the Amended Agreement in accordance with Section 1. In the event of such termination, the Executive shall be entitled to receive the Accrued Amounts set forth in Sections 5.1(a)(i)-(iv). In addition, and subject to the Executive’s compliance with Section 6, Section 7, Section 8, and Section 9 of this Amended Agreement and his her execution of a release of claims in favor of the Company, its affiliates and their respective officers and directors in a form provided by the Company (the “Release”) and such Release becoming effective within 28 days following the Termination Date, as determined in accordance with Section 5.6 hereto, (such 28-day period, the “Release Execution Period”), the Executive shall also be entitled to receive the following:

Appears in 2 contracts

Samples: Executive (Us Xpress Enterprises Inc), Executive (Us Xpress Enterprises Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!