Common use of Other Than for Cause; Good Reason Clause in Contracts

Other Than for Cause; Good Reason. Except as otherwise provided in Section 6(a), if (i) the Company terminates Employee’s employment other than for Cause or (ii) Employee terminates employment for Good Reason, then the Employment Period shall terminate without further obligation to Employee other than the Company’s obligation to pay to Employee (or, in the case of his death, to his estate or legal representatives) any sums due to Employee through the Date of Termination and, subject to Employee satisfying the waiver and release condition identified in Section 13(d) and not violating the Protective Covenants, the Severance Payment and Benefits Continuation Payments. Such payments shall be subject to the Company’s normal payroll and withholding requirements.

Appears in 4 contracts

Samples: Employment Agreement (Sun BioPharma, Inc.), Employment Agreement (Sun BioPharma, Inc.), Employment Agreement (Sun BioPharma, Inc.)

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Other Than for Cause; Good Reason. Except as otherwise provided in Section 6(a), if (i) the Company terminates Employee’s employment other than for Cause or (ii) Employee terminates employment for Good Reason, then the Employment Period shall terminate without further obligation to Employee other than the Company’s obligation to pay to Employee (or, in the case of his death, to his estate or legal representatives) any sums due to Employee through the Date of Termination Accrued Compensation and, subject to Employee satisfying the waiver and release condition identified in Section 13(d) and not violating the Protective Covenants, the Severance Payment and Benefits Continuation PaymentsPayments (as defined below). Such payments shall be subject to the Company’s normal payroll and withholding requirements.

Appears in 2 contracts

Samples: Employment Agreement (Virios Therapeutics, LLC), Employment Agreement (Virios Therapeutics, LLC)

Other Than for Cause; Good Reason. Except as otherwise provided in Section 6(a), if (i) the Company terminates Employee’s employment other than for Cause or (ii) Employee terminates employment for Good Reason, then the Employment Period shall terminate without further obligation to Employee other than the Company’s obligation to pay to Employee (or, in the case of his her death, to his her estate or legal representatives) any sums due to Employee through the Date of Termination Accrued Compensation and, subject to Employee satisfying the waiver and release condition identified in Section 13(d) and not violating the Protective Covenants, the Severance Payment and Benefits Continuation PaymentsPayments (as defined below). Such payments shall be subject to the Company’s normal payroll and withholding requirements.

Appears in 1 contract

Samples: Employment Agreement (Virios Therapeutics, LLC)

Other Than for Cause; Good Reason. Except as otherwise provided in Section 6(a), if (i) the Company terminates Employee’s employment other than for Cause or (ii) Employee terminates employment for Good Reason, then the Employment Period shall terminate without further obligation to Employee other than the Company’s obligation to pay to Employee (or, in the case of his her death, to his her estate or legal representatives) any sums due to Employee through the Date of Termination Accrued Compensation and, subject to Employee satisfying the waiver and release condition identified in Section 13(d) and not violating the Protective Covenants, the Severance Payment Payments and Benefits Continuation PaymentsPayments (as defined below). Such payments shall be subject to the Company’s normal payroll and withholding requirements.

Appears in 1 contract

Samples: Employment Agreement (Sun BioPharma, Inc.)

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Other Than for Cause; Good Reason. Except as otherwise provided in Section 6(a), if (i) the Company terminates Employee’s 's employment other than for Cause or (ii) Employee terminates employment for Good Reason, then the Employment Period shall terminate without further obligation to Employee other than the Company’s 's obligation to pay to Employee (or, in the case of his her death, to his her estate or legal representatives) any sums due to Employee through the Date of Termination and, subject to Employee satisfying the waiver and release condition identified in Section 13(d) and not violating the Protective Covenants, the Severance Payment and Benefits Continuation Payments. Such payments shall be subject to the Company’s 's normal payroll and withholding requirements.

Appears in 1 contract

Samples: Employment Agreement (Sun BioPharma, Inc.)

Other Than for Cause; Good Reason. Except as otherwise provided in Section 6(a), if (i) the Company terminates Employee’s employment other than for Cause or (ii) Employee terminates employment for Good Reason, then the Employment Period shall terminate without further obligation to Employee other than the Company’s obligation to pay to Employee (or, in the case of his death, to his estate or legal representatives) any sums due to Employee through the Date of Termination Accrued Compensation and, subject to Employee satisfying the waiver and release condition identified in Section 13(d12(d) and not violating the Protective Covenants, the Severance Payment and Benefits Continuation PaymentsPayments (as defined below). Such payments shall be subject to the Company’s normal payroll and withholding requirements.

Appears in 1 contract

Samples: Employment Agreement (Virios Therapeutics, LLC)

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