Common use of Payments Upon Separation for Cause or Without Good Reason Clause in Contracts

Payments Upon Separation for Cause or Without Good Reason. If Executive's employment hereunder is separated by the Company for Cause pursuant to Section 1(c) or by Executive Without Good Reason pursuant to Section 1(e), then the Company shall pay Executive his Base Salary and accrued PTO through the Separation Date at the rate in effect at the time notice of separation is given and the Company shall have no further obligation to Executive other than COBRA rights, if any, and other normal rights offered to terminated employees under benefit programs, if any.

Appears in 10 contracts

Samples: Letter Agreement (Trump Entertainment Resorts Holdings Lp), Letter Agreement (Trump Entertainment Resorts Holdings Lp), Letter Agreement (Trump Entertainment Resorts Funding Inc)

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Payments Upon Separation for Cause or Without Good Reason. If Executive's employment hereunder is separated by the Company for Cause pursuant to Section 1(c6(c) or by Executive Without Good Reason pursuant to Section 1(e6(e), then the Company shall pay Executive his Base Salary and accrued PTO through the Separation Date at the rate in effect at the time notice of separation is given and the Company shall have no further obligation to Executive other than COBRA rights, if any, and other normal rights offered to terminated employees under benefit programs, if any.

Appears in 1 contract

Samples: Employment Agreement (Trump Entertainment Resorts Holdings Lp)

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