Common use of Resignation by the Executive without Good Reason Clause in Contracts

Resignation by the Executive without Good Reason. If the Employment Period shall be terminated as a result of the Executive's resignation or leaving of his employment, other than for Good Reason, Executive shall continue to: (a) receive Base Salary and benefits set forth in Section 4.03 through the Date of Termination; and (b) receive reimbursement of all Reimbursable Expenses incurred by the Executive prior to the Date of Termination. Notwithstanding any provision of this Agreement or any applicable plan or other agreement to the contrary, no shares of restricted stock of the Company or stock options of the Company granted to the Executive shall vest on or following the date the Executive provides Notice of Termination without Good Reason to the Company. The Executive's entitlements under all other benefit plans and programs of the Company shall be as determined thereunder.

Appears in 4 contracts

Samples: Employment Agreement (Validus Holdings LTD), Employment Agreement (Validus Holdings LTD), Employment Agreement (Validus Holdings LTD)

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Resignation by the Executive without Good Reason. If the Employment Period shall be terminated as a result of the Executive's ’s resignation or leaving of his employment, other than for Good Reason, Executive shall continue to: (a) receive Base Salary and the benefits set forth in Section 4.03 through the Date of Termination; and (b) receive reimbursement of all Reimbursable Expenses incurred by the Executive prior to the Date of Termination. Notwithstanding any provision of this Agreement or any applicable plan or other agreement to the contrary, no shares of restricted stock of the Company or stock options of the Company granted to the Executive shall vest on or following the date the Executive provides Notice of Termination without Good Reason to the Company. The Executive's ’s entitlements under all other benefit plans and programs of the Company shall be as determined thereunder.

Appears in 2 contracts

Samples: Employment Agreement (Validus Holdings LTD), Employment Agreement (Validus Holdings LTD)

Resignation by the Executive without Good Reason. If the Employment Period shall be terminated as a result of the Executive's ’s resignation or leaving of his employment, other than for Good Reason, Executive shall continue to: (a) receive Base Salary and the benefits set forth in Section 4.03 through the Date of Termination; and (b) receive reimbursement of all Reimbursable Expenses incurred by the Executive prior to the Date of Termination. Notwithstanding any provision of this Agreement or any applicable plan or other agreement to the contrary, no shares of restricted stock of the Company or stock options of the Company granted to the Executive shall vest on or following the date the Executive provides Notice of Termination without Good Reason to the Company. The Executive's ’s entitlements under all other benefit plans and programs of the Company shall be as determined thereunder.. SECTION 5.03

Appears in 1 contract

Samples: Employment Agreement

Resignation by the Executive without Good Reason. If the Employment Period shall be terminated as a result of the Executive's ’s resignation or leaving of his employment, other than for Good Reason, then Executive shall continue to: (a) receive Base Salary and the benefits set forth in Section 4.03 through the Date of Termination; Termination and (b) receive reimbursement of all Reimbursable Expenses incurred by the Executive prior to the Date of Termination. Notwithstanding any provision of this Agreement or any applicable plan or other agreement to the contrary, no shares of restricted stock of the Company or stock options of the Company granted to the Executive shall vest on or following the date that the Executive provides Notice of Termination without Good Reason to the Company. The Executive's ’s entitlements under all other benefit plans and programs of the Company shall be as determined thereunder.

Appears in 1 contract

Samples: Employment Agreement (Validus Holdings LTD)

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Resignation by the Executive without Good Reason. If the Employment Period shall be terminated as a result of the Executive's resignation or leaving of his employment, other than for Good Reason, Executive shall continue to: (a) receive Base Salary and benefits set forth in Section 4.03 through the Date of Termination; and (b) receive reimbursement of all Reimbursable Expenses incurred by the Executive prior to the Date of Termination. Notwithstanding any provision of this Agreement or any applicable plan or other agreement to the contrary, no shares of restricted stock of the Company Parent or stock options of the Company Parent granted to the Executive shall vest on or following the date the Executive provides Notice of Termination without Good Reason to the Company. The Executive's entitlements under all other benefit plans and programs of the Company shall be as determined thereunder.

Appears in 1 contract

Samples: Employment Agreement (Validus Holdings LTD)

Resignation by the Executive without Good Reason. If the Employment Period shall be terminated as a result of the Executive's ’s resignation or leaving of his employment, other than for Good Reason, Executive shall continue to: (a) receive Base Salary and benefits set forth in Section 4.03 through the Date of Termination; and (b) receive reimbursement of all Reimbursable Expenses incurred by the Executive prior to the Date of Termination. Notwithstanding any provision of this Agreement or any applicable plan or other agreement to the contrary, no shares of restricted stock of the Company or stock options of the Company granted to the Executive shall vest on or following the date the Executive provides Notice of Termination without Good Reason to the Company. The Executive's ’s entitlements under all other benefit plans and programs of the Company shall be as determined thereunder.

Appears in 1 contract

Samples: Employment Agreement (Validus Holdings LTD)

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