Common use of Requirements for Additional Compensation Clause in Contracts

Requirements for Additional Compensation. In addition to the compensation set forth in Section 6 above, Executive will receive the additional compensation set forth in subsection (b) below, if the following requirements are met: (i) Executive’s employment is terminated prior to the Expiration Date by the Company without Cause pursuant to Section 5(d) or prior to the Expiration Date Executive terminates employment for Good Reason pursuant to Section 5(f); (ii) Executive strictly abides by the restrictive covenants set forth in Section 8 below; and (iii) Executive executes (and does not revoke) a separation agreement and release in a form satisfactory to the Company on or after his employment termination date, but no later than the date required by the Company (which shall not be later than 60 days following Executive’s termination).

Appears in 2 contracts

Samples: Employment Agreement (Tailwind Two Acquisition Corp.), Employment Agreement (Tailwind Two Acquisition Corp.)

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Requirements for Additional Compensation. In addition to the compensation set forth in Section 6 above, Executive will receive the additional compensation set forth in subsection (b) below, if the following requirements are met: (i) Executive’s employment is terminated prior to the Expiration Date by the Company without Cause pursuant to Section 5(d) or prior to the Expiration Date Executive terminates employment for Good Reason pursuant to Section 5(f); (ii) Executive strictly abides by the restrictive covenants set forth in Section 8 below; and (iii) Executive executes (and does not revoke) a separation agreement and release in a form satisfactory to the Company on or after his employment termination date, but no later than the date required by the Company (which shall not be later than 60 days following Executive’s terminationterm i nation).

Appears in 2 contracts

Samples: Employment Agreement (Tailwind Two Acquisition Corp.), Employment Agreement (Tailwind Two Acquisition Corp.)

Requirements for Additional Compensation. In addition to the compensation set forth in Section 6 above, Executive will receive the additional compensation set forth in subsection (b) below, if the following requirements are met: (i) Executive’s employment is terminated prior to the Expiration Date by the Company without Cause pursuant to Section 5(d) or prior to the Expiration Date Executive terminates employment for Good Reason pursuant to Section 5(f); (ii) Executive strictly abides by the restrictive covenants set forth in Section 8 below; and (iii) Executive executes (and does not revoke) a separation agreement and release in a form satisfactory to the Company on or after his Executive’s employment termination date, but no later than the date required by the Company (which shall not be later than 60 days following Executive’s termination).

Appears in 1 contract

Samples: Employment Agreement (Terran Orbital Corp)

Requirements for Additional Compensation. In addition to the compensation set forth in Section 6 above, Executive will receive the additional compensation set forth in subsection (b) below, if the following requirements are met: (i) Executive’s employment is terminated prior to the Expiration Date by the Company without Cause pursuant to Section 5(d) or prior to the Expiration Date Executive terminates employment for Good Reason pursuant to Section 5(f); (ii) Executive strictly abides by the restrictive covenants set forth in Section 8 below; and (iii) Executive executes (and does not revoke) a separation agreement and release in a form reasonably satisfactory to the Company on or after his employment termination date, but no later than the date required by the Company (which shall not be later than 60 days following Executive’s termination).

Appears in 1 contract

Samples: Employment Agreement (Terran Orbital Corp)

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Requirements for Additional Compensation. In addition to the compensation set forth in Section 6 4 above, Executive will receive the additional compensation set forth in subsection (b) below, below if the following requirements are met: (i) Executive’s employment is terminated prior by the Company pursuant to the Expiration Date Section 3(d) above (Termination by the Company without Cause pursuant Cause) prior to a Change in Control (as defined in Section 5(d7) or prior to the Expiration Date Executive terminates employment for Good Reason pursuant to Section 5(f)more than two (2) years following a Change in Control; (ii) Executive strictly abides by the restrictive covenants set forth in Section 8 10 below; and (iii) Executive executes (and does not revoke) a separation agreement and release in a form satisfactory to the Company on or after his employment termination date, but no later than the date required by the Company (which shall not be later than 60 days following Executive’s termination)in accordance with applicable law.

Appears in 1 contract

Samples: Severance and Change in Control Agreement (Brinker International Inc)

Requirements for Additional Compensation. In addition to the compensation set forth in Section 6 above, Executive will receive the additional compensation set forth in subsection (b) below, if the following requirements are met: (i) Executive’s employment is terminated prior to the Expiration Date by the Company without Cause pursuant to Section 5(d) or prior to the Expiration Date Executive terminates employment for Good Reason pursuant to Section 5(f); (ii) Executive strictly abides by the restrictive covenants set forth in Section 8 below; and (iii) Executive executes (and does not revoke) a separation agreement and release in a form satisfactory to the Company on or after his employment termination date, but no later than the date required by the Company (which shall not be later than 60 days following Executive’s termination).

Appears in 1 contract

Samples: Employment Agreement (Tailwind Two Acquisition Corp.)

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