Payments Upon Termination Without Cause or Resignation for Good Reason. If the Company terminates your employment without Cause or you resign for Good Reason, then in either case you shall be entitled to receive bi-weekly severance payments for a period of one (1) year from the date of termination at your base salary level, with all benefits and taxes handled in the same manner as described in Section 2 above, plus any incentive bonus compensation and any other accrued benefits then due you on a pro rata basis through date of termination. Any payments or benefits provided under this Section 11 shall be in lieu of and not in addition to any payments or benefits provided under Section 2, and at no time will you be eligible for payments or benefits under both Section 2 and Section 11.
Payments Upon Termination Without Cause or Resignation for Good Reason. In the event that the Executive’s employment is terminated by the Company without Cause or the Executive resigns for Good Reason, then the Company shall pay or provide to the Executive or the Executive’s estate:
Payments Upon Termination Without Cause or Resignation for Good Reason. If the Company terminates the Employee's employment without Cause or the Employee resigns for Good Reason, then in each case the Employee shall be entitled to receive a lump sum equal to (i) 2.99 times her Base Salary plus (ii) any incentive bonus compensation and any other accrued benefits due Employee in accordance with Paragraph 3.2 on a pro rata basis through date of termination as determined in accordance with Paragraph 6.1 provided, however, that if the payments under this Paragraph 6.2, either alone or together with other payments which the Employee has the right to receive from the Company, would constitute a "parachute payment" (as defined in Section 280G of the Internal Revenue Code of 1986, as amended (the "Code")), such severance payment shall be reduced to the largest amount as will result in no portion of the severance payment under this Paragraph 6.2 being subject to the excise tax imposed by Section 4999 of the Code.
Payments Upon Termination Without Cause or Resignation for Good Reason. If the Company terminates the Employee's employment without Cause or the Employee resigns for Good Reason, then in either case the Employee shall be entitled to receive bi-weekly severance payments for a period of one (1) year from the date of Termination at his/her Base Salary, with all benefits and taxes handled in the same manner as described in paragraph 2 above, plus any incentive bonus compensation and any other accrued benefit due Employee on a pro rata basis through date of termination.
Payments Upon Termination Without Cause or Resignation for Good Reason. If the Company terminates the Employee's employment without Cause or the Employee resigns for Good Reason, then in each case the Employee shall be entitled to receive a lump sum equal to (i) his Base Salary plus (ii) any incentive bonus compensation and any other accrued benefits due Employee in accordance with Paragraph 3.2 on a pro rata basis through date of termination as determined in accordance with Paragraph 6.1. However, if the Company terminates the Employee's employment without Cause or the Employee resigns for Good Reason within twenty-four (24) months of the relocation of the Employee as described in Paragraph 4, then in each case the Employee shall be entitled to receive a lump sum equal to (i) two times his Base Salary plus (ii) any incentive bonus compensation and other accrued benefits due Employee in accordance with Paragraph 3.2 on a pro rata basis through date of termination as determined in accordance with Paragraph 6.1; provided, however, that if the payments under this Paragraph 6.2, either alone or together with other payments which the Employee has the right to receive from the Company, would constitute a "parachute payment" (as defined in Section 280G of the Internal Revenue Code of 1986, as amended (the "Code")), such severance payment shall be reduced to the largest amount as will result in no portion of the severance payment under this Paragraph 6.2 being subject to the excise tax imposed by Section 4999 of the Code.
Payments Upon Termination Without Cause or Resignation for Good Reason. If Employee’s employment with the Company is terminated by the Company for any reason other than for “Cause” (as defined below), including without limitation termination of Employee’s employment in connection with a Change in Control (as defined in Appendix A hereof), or by Employee as a result of his resignation for “Good Reason” (as defined below) such that Employee’s Termination Date occurs within twenty-four (24) months after the occurrence of the condition which is the basis for the termination of the Employee without Cause, the Good Reason resignation by Employee or the termination of Employee’s employment in connection with a Change in Control, then, in addition to the Company paying Employee his base salary through the Termination Date, Employee shall in such case receive from Company the following severance pay and benefits.
Payments Upon Termination Without Cause or Resignation for Good Reason. (a) In the event the Executive’s employment is terminated prior to the third anniversary of the Effective Date (i) by the Company without “Cause,” or (ii) by the Executive for “Good Reason,” then the following provisions shall apply:
Payments Upon Termination Without Cause or Resignation for Good Reason. If the Company terminates the Employee's employment without Cause or the Employee resigns for Good Reason, then in either case the Employee shall be entitled to receive bi-weekly severance payments for a period of one (1) year from the date of Termination at his Base Salary, with all benefits and taxes handled in the same manner as described in paragraph 2 above, plus the average incentive bonus compensation for the past two years and any other accrued benefit due Employee on a pro rata basis through date of termination. All other terms and conditions of the Agreement will remain unchanged. If you are in agreement with the foregoing, please so indicate by signing and returning to me the original of this Agreement, whereupon this Agreement shall constitute a binding agreement between you and the Company. The second copy is for your records. Very truly yours, BRIGHT HORIZONS FAMILY SOLUTIONS, INC. /s/ Roger H. Brown -------------------------------------- Name: Roger H. Brown Title: Execuxxxx Xxxxxxxx ACCEPTED AND AGREED:
Payments Upon Termination Without Cause or Resignation for Good Reason. If the Company terminates Executive's employment pursuant to this Agreement without Cause or Executive resigns for Good Reason, then in each case Executive shall be entitled to receive (a) his accrued and unpaid Base Salary and any other accrued and unpaid benefits due Executive in accordance with Section 3.2 as of the date of termination plus reimbursement of expenses through the date of termination in accordance with Section 3.2(b), (b) the post termination benefits pursuant to Section 3.2(e), and (c) the enhanced SRP benefit pursuant to Section 3.3.
Payments Upon Termination Without Cause or Resignation for Good Reason. In the event that Employee’s employment with Employer is terminated by Employer without Cause pursuant to Section 7.4, above, or by Employee as the result of a resignation for Good Reason pursuant to Section 7.5, above, then Employee shall be entitled to receive payment of one (1) year of Employee’s base salary in effect as of the date of such termination without Cause or resignation for Good Reason, said payments to be made in accordance with the normal payroll cycle of Employer and subject to any required tax withholdings and deductions. In the event that Employee breaches any of the covenants set forth in Article 2, above, Employer shall have no further obligation to provide, and Employee shall have no further right to receive, any payments or benefits pursuant to this Section 7.6.
