Other Than for Cause, Death or Disability; Good Reason. If, during the Employment Period, the Company terminates the Executive's employment, other than for Cause, Death or Disability, or the Executive terminates employment for Good Reason, the Company shall pay the amounts described in subparagraph (i) below to the Executive in a lump sum in cash within 30 days after the Date of Termination and shall continue the benefits described in subparagraph (ii) below until at least the third anniversary of the Date of Termination. The payments provided pursuant to this paragraph (a) of Section 5 are intended as liquidated damages for a termination of the Executive's employment by the Company other than for Cause, Death or Disability or for the actions of the Company leading to a termination of the Executive's employment by the Executive for Good Reason, and shall be the sole and exclusive remedy therefor, but shall in no way affect the Executive's rights under the agreements set forth on Schedule A, attached hereto.
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Samples: Employment Agreement (Packard Bioscience Co), Employment Agreement (Packard Bioscience Co), Employment Agreement (Packard Bioscience Co)
Other Than for Cause, Death or Disability; Good Reason. If, during the Employment Period, the Company terminates the Executive's employment, other than for Cause, Death or Disability, or the Executive terminates employment for Good Reason, the Company shall pay the amounts described in subparagraph (i) below to the Executive in a lump sum in cash within 30 days after the Date of Termination and shall continue the benefits described in subparagraph (ii) below until at least the third second anniversary of the Date of Termination. The payments provided pursuant to this paragraph (a) of Section 5 are intended as liquidated damages for a termination of the Executive's employment by the Company other than for Cause, Death or Disability or for the actions of the Company leading to a termination of the Executive's employment by the Executive for Good Reason, and shall be the sole and exclusive remedy therefor, but shall in no way affect the Executive's rights under the agreements (if any) set forth on Schedule A, attached hereto.
Appears in 2 contracts
Samples: Employment Agreement (Packard Bioscience Co), Employment Agreement (Packard Bioscience Co)
Other Than for Cause, Death or Disability; Good Reason. If, during the Employment Period, the Company terminates the Executive's employment, other than for Cause, Death or Disability, or the Executive terminates employment for Good Reason, the Company shall pay the amounts described in subparagraph (i) below to the Executive in a lump sum in cash within 30 days after the Date of Termination and Termination; shall continue the benefits described in subparagraph (ii) below until at least the third second anniversary of the Date of Termination. The payments provided pursuant to this paragraph (a) of Section 5 are intended as liquidated damages for a termination of the Executive's employment by the Company other than for Cause, Death or Disability or for the actions of the Company leading to a termination of the Executive's employment by the Executive for Good Reason, and shall be the sole and exclusive remedy therefor, but shall in no way affect the Executive's rights under the agreements (if any) set forth on Schedule A, attached hereto.
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