Common use of Qualified Termination Clause in Contracts

Qualified Termination. “Qualified Termination” means (i) a termination of Executive’s employment by a Company Group member without Cause (excluding by reason of Executive’s death or Disability) outside of the Change in Control Period (a “Non-CIC Qualified Termination”) or (ii) a termination of Executive’s employment either (A) by a Company Group member without Cause (excluding by reason of Executive’s death or Disability) or (B) by Executive for Good Reason, in either case, during the Change in Control Period (a “CIC Qualified Termination”).

Appears in 4 contracts

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

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Qualified Termination. “Qualified Termination” means (i) a termination of Executive’s employment by a Company Group member without Cause (excluding by reason of Executive’s death or Disability) outside of the Change in Control Period (a “Non-CIC Qualified Termination”) or (ii) a termination of Executive’s employment either (Ai) by a Company Group member without Cause (excluding by reason of Executive’s death or Disability) or (Bii) by Executive for Good Reason, in either case, during the Change in Control Period (a “CIC Qualified Termination”).

Appears in 3 contracts

Samples: Executive Employment Agreement (Advance Holdings, LLC), Executive Employment Agreement (Advance Holdings, LLC), Executive Employment Agreement (Advance Holdings, LLC)

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Qualified Termination. For purposes of this agreement, “Qualified Termination” means shall mean termination of employment with the Company (or its successor) by reason of (i) a termination of Executive’s employment by a Company Group member without Cause (excluding by reason of Executive’s death or Disability) outside of the Change in Control Period (a “Non-CIC Qualified Termination”) or death, (ii) a permanent disability (as defined consistent with the Company’s long-term disability income plan), (iii) termination of Executive’s employment either (A) by a the Company Group member without Cause (excluding by reason of Executive’s death or Disability) Cause, or (Biv) termination by Executive you for Good Reason, in either case, during the Change in Control Period (a “CIC Qualified Termination”).

Appears in 1 contract

Samples: Key Employee Retention Bonus Agreement (Cano Health, Inc.)

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