Common use of Pay in Lieu of Notice Period Clause in Contracts

Pay in Lieu of Notice Period. Should Company terminate Executive’s employment without Cause or Executive resign Executive’s employment with or without Good Reason upon thirty (30) days’ advance written notice, Company reserves the right to immediately relieve Executive of all job duties, positions and responsibilities and provide Executive with payment of Executive’s then current Base Salary in lieu of any portion of the notice period.

Appears in 10 contracts

Samples: Executive Employment Agreement (Constellation Alpha Capital Corp.), Executive Employment Agreement (Dts, Inc.), Executive Employment Agreement (Standard Gold)

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Pay in Lieu of Notice Period. Should the Company terminate Executive’s employment without Cause or Executive resign Executive’s employment with or without Good Reason upon thirty (30) days’ advance written notice, the Company reserves the right to immediately relieve Executive of all job duties, positions and responsibilities and provide Executive with payment of Executive’s then current Base Salary in lieu of any portion of the notice period.

Appears in 3 contracts

Samples: Executive Employment Agreement (Neothetics, Inc.), Executive Employment Agreement (Neothetics, Inc.), Executive Employment Agreement (Neothetics, Inc.)

Pay in Lieu of Notice Period. Should Company terminate Executive’s employment without Cause or Executive resign Executive’s employment with or without Good Reason upon thirty (30) days’ advance written notice, Company reserves the right to immediately relieve Executive of all job duties, positions and responsibilities and provide Executive with payment of Executive’s then current Base Salary in lieu of any portion of the notice period.

Appears in 2 contracts

Samples: Executive Employment Agreement (Trupanion Inc.), Executive Employment Agreement (Trupanion Inc.)

Pay in Lieu of Notice Period. Should Company terminate Executive’s employment without Cause or Executive voluntarily resign Executive’s employment with or without Good Reason upon thirty (30) days’ advance written notice, Company reserves the right to immediately relieve Executive of all job duties, positions and responsibilities and provide Executive with payment of Executive’s then current Base Salary for thirty (30) days in lieu of any portion of the notice period.

Appears in 1 contract

Samples: Executive Employment Agreement (GenMark Diagnostics, Inc.)

Pay in Lieu of Notice Period. Should Company terminate Executive’s employment without Cause or Executive resign Executive’s employment with or without Good Reason upon thirty (30) days’ advance written notice, Company reserves the right to immediately relieve Executive of all job duties, positions and responsibilities and provide Executive with payment of Executive’s then current Base Salary in lieu of any portion of the notice period.

Appears in 1 contract

Samples: Executive Employment Agreement (Active Network Inc)

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Pay in Lieu of Notice Period. Should Company terminate Executive’s employment without Cause or Executive resign Executive’s employment with or without Good Reason upon thirty (30) days’ advance written notice, (i) Company reserves the right to immediately relieve Executive of all job duties, positions and responsibilities and (ii) if the termination is by the Company without Cause, if Executive complies with the Severance Conditions, provide Executive with payment of Executive’s then current Base Salary in lieu of any portion of the notice period, payable in a lump sum sixty (60) days following the termination date.

Appears in 1 contract

Samples: Executive Employment Agreement (Dts, Inc.)

Pay in Lieu of Notice Period. Should Company terminate Executive’s employment without Cause or Executive resign Executive’s employment with or without Good Reason upon thirty (30) days’ advance written notice, Company reserves the right to immediately relieve Executive of all job duties, positions and responsibilities and provide Executive with payment of Executive’s then current Base Salary in lieu of any portion of the notice period.

Appears in 1 contract

Samples: Executive Employment Agreement (Cohu Inc)

Pay in Lieu of Notice Period. Should Company terminate Executive’s employment without Cause or Executive resign Executive’s 's employment with or without Good Reason upon thirty (30) days' advance written noticenotice in accordance with subsection 7.3 above, Company reserves the right to immediately relieve Executive of all job duties, positions and responsibilities and provide Executive with payment of Executive’s 's then current Base Salary in lieu of any portion of the notice period.

Appears in 1 contract

Samples: Executive Employment Agreement (Dts, Inc.)

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