Common use of Payments Following Termination Clause in Contracts

Payments Following Termination. (a) In the event Executive's employment is terminated by the Company for Just Cause as so defined, or if Executive voluntarily resigns, then the Company immediately shall pay Executive a cash payment of his Base Salary as provided in Section 5(a) hereof that was earned but unpaid as of the date of termination. Any options or restricted stock held by Executive on the date of termination shall vest only through the date of termination according to the normal vesting schedule applicable to such options or restricted stock, and Executive shall not receive any accelerated or additional vesting of such stock or options on or after such date.

Appears in 4 contracts

Samples: Employment Agreement (Conseco Inc), Employment Agreement (Conseco Inc), Employment Agreement (Conseco Inc)

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Payments Following Termination. (a) In the event that Executive's employment is terminated by the Company for Just Cause as so defined, or if Executive voluntarily resigns, then the Company immediately within 10 business days shall pay Executive a cash payment of his Base Salary as provided in Section 5(a) hereof that was earned but unpaid as of the date of termination. Any options or restricted stock held by Executive on the date of termination shall vest only through the date of termination according to the normal vesting schedule applicable to such options or restricted stock, and Executive shall not receive any accelerated or additional vesting of such stock or options on or after such date.

Appears in 1 contract

Samples: Employment Agreement (Conseco Inc)

Payments Following Termination. (a) In the event that Executive's employment is terminated by the Company for Just Cause (as so defineddefined herein), upon expiration of the Term of this Agreement or if Executive voluntarily resigns, then the Company immediately shall pay Executive a cash payment the remaining payments of his Base Salary as provided in Section 5(a) hereof that was earned but unpaid as of would have been payable to Executive through the date of termination. Any options or restricted stock held by Executive on the date of termination shall vest only through the date of termination according to the normal vesting schedule applicable to such options or restricted stock, and Executive shall not receive any accelerated or additional vesting of such stock or options on or after such date.

Appears in 1 contract

Samples: Employment Agreement (Conseco Inc)

Payments Following Termination. (a) In the event Executive's employment is terminated by the Company for Just Cause as so definedCause, or if Executive voluntarily resigns, then the Company immediately within 10 business days shall pay Executive a cash payment of his Base Salary as provided in Section 5(a) hereof that was earned but unpaid as of the date of termination. Any options or restricted stock held by Executive on the date of termination shall vest only through the date of termination according to the normal vesting schedule applicable to such options or restricted stock, and Executive shall not receive any accelerated or additional vesting of such stock or options on or after such date.

Appears in 1 contract

Samples: Employment Agreement (Conseco Inc)

Payments Following Termination. (a) In the event that Executive's employment is terminated by the Company for Just Cause (as so defineddefined herein), upon non-renewal by the Company or if Executive, upon expiration of the Term of this Agreement or Executive voluntarily resigns, then the Company immediately shall pay Executive a cash payment of his Base Salary as provided in Section 5(a) hereof that was earned but unpaid as of the date of termination. Any options or restricted stock held by Executive on the date of termination shall vest only through the date of termination according to the normal vesting schedule applicable to such options or restricted stock, and Executive shall not receive any accelerated or additional vesting of such stock or options on or after such date.

Appears in 1 contract

Samples: Employment Agreement (Conseco Inc)

Payments Following Termination. (a) In the event Executive's employment is terminated by the Company for Just Cause as so defined, upon non-renewal by the Company or Executive or if Executive voluntarily resigns, then the Company immediately shall pay Executive a cash payment of his Base Salary as provided in Section 5(a) hereof that was earned but unpaid as of the date of termination. Any options or restricted stock held by Executive on the date of termination shall vest only through the date of termination according to the normal vesting schedule applicable to such options or restricted stock, and Executive shall not receive any accelerated or additional vesting of such stock or options on or after such date.

Appears in 1 contract

Samples: Employment Agreement (Conseco Inc)

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Payments Following Termination. (a) In the event that Executive's employment is terminated by the Company for Just Cause (as so defineddefined herein), upon expiration of the Term of this Agreement or if Executive voluntarily resigns, then the Company immediately shall pay Executive a cash payment of his Base Salary as provided in Section 5(a) hereof that was earned but unpaid as of the date of termination. Any options or restricted stock held by Executive on the date of termination shall vest only through the date of termination according to the normal vesting schedule applicable to such options or restricted stock, and Executive shall not receive any accelerated or additional vesting of such stock or options on or after such date.

Appears in 1 contract

Samples: Employment Agreement (Conseco Inc)

Payments Following Termination. (a) In the event that Executive's employment is terminated by the Company for Just Cause (as so defineddefined herein), upon expiration of the Term of this Agreement or if Executive voluntarily resigns, then the Company immediately shall pay Executive a cash payment of his her Base Salary as provided in Section 5(a) hereof that was earned but unpaid as of the date of termination. Any options or restricted stock held by Executive on the date of termination shall vest only through the date of termination according to the normal vesting schedule applicable to such options or restricted stock, and Executive shall not receive any accelerated or additional vesting of such stock or options on or after such date.

Appears in 1 contract

Samples: Employment Agreement (Conseco Inc)

Payments Following Termination. (a) In the event that Executive's employment is terminated by the Company for Just Cause (as so defineddefined herein), upon non-renewal by the Company or if Executive, upon expiration of the Term of this Agreement or Executive voluntarily resigns, then the Company immediately shall pay Executive a cash payment of his her Base Salary as provided in Section 5(a) hereof that was earned but unpaid as of the date of termination. Any options or restricted stock held by Executive on the date of termination shall vest only through the date of termination according to the normal vesting schedule applicable to such options or restricted stock, and Executive shall not receive any accelerated or additional vesting of such stock or options on or after such date.

Appears in 1 contract

Samples: Employment Agreement (Conseco Inc)

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