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 the benefits set forth in Section 4.03 through the Date of Termination, except that any amount payable after the Executive's “separation from service” (within the meaning of Treas. Reg. Section 1.409A 1(h)) with the Company will be subject to Section 12.14 below; 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 Parent or stock options of Parent granted to the Executive shall vest on or following the date the Executive provides Notice the 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)

AutoNDA by SimpleDocs

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 the benefits set forth in Section 4.03 through the Date of Termination, except that any amount payable after the Executive's “separation from service” (within the meaning of Treas. Reg. Section 1.409A 1(h)) with the Company will be subject to Section 12.14 below; 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 Parent or stock options of Parent granted to the Executive shall vest on or following the date the Executive provides Notice the 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.. SECTION 5.03

Appears in 1 contract

Samples: Employment Agreement 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, Executive shall continue to: (a) receive Base Salary and the benefits set forth in Section 4.03 through the Date of Termination, except that any amount payable after the Executive's ’s “separation from service” (within the meaning of Treas. Reg. Section 1.409A 1(h)) with the Company will be subject to Section 12.14 below; 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 Parent Company or stock options of Parent the Company granted to the Executive shall vest on or following the date the Executive provides Notice the 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)

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, the Executive shall continue to: (a) receive Base Salary and the benefits set forth in Section 4.03 through the Date of Termination, except that any amount payable after the Executive's ’s “separation from service” (within the meaning of Treas. Reg. Section 1.409A 1(h)) with the Company will be subject to Section 12.14 below; 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 Parent Company or stock options of Parent the Company granted to the Executive shall vest on or following the date the Executive provides Notice the 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)

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 the benefits set forth in Section 4.03 through the Date of TerminationTermination and, except that payable at the times such bonuses are payable to other employees of the Company, any amount payable after unpaid bonus with respect to the Executive's “separation from service” (within year prior to the meaning year in which the Notice of Treas. Reg. Section 1.409A 1(h)) with the Company will be subject to Section 12.14 belowTermination is provided; 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 Parent Company or stock options of Parent the Company granted to the Executive shall vest on or following the date the Executive provides Notice the 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 the benefits set forth in Section 4.03 through the Date of Termination, except that any amount payable after the Executive's ’s “separation from service” (within the meaning of Treas. Reg. Section 1.409A 1(h)) with the Company will be subject to Section 12.14 below; 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 Parent Company or Company stock options of Parent granted to the Executive shall vest on or following the date the Executive provides Notice the 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)

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, the Executive shall continue to: (a) receive Base Salary and the benefits set forth in Section 4.03 through the Date of Termination, except that any amount payable after the Executive's ’s “separation from service” (within the meaning of Treas. Reg. Section 1.409A 1(h)) with the Company will be subject to Section 12.14 below; below 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 Parent or stock options of Parent granted to the Executive shall vest on or following the date the Executive provides Notice the 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)

AutoNDA by SimpleDocs

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, then Executive shall continue to: (a) receive Base Salary and the benefits set forth in Section 4.03 through the Date of TerminationTermination and, except that payable at the times such bonuses are payable to other employees of the Company, any amount payable after unpaid bonus with respect to the Executive's “separation from service” (within year prior to the meaning year in which the Notice of Treas. Reg. Section 1.409A 1(h)) with the Company will be subject to Section 12.14 below; Termination is provided, 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 Parent Company or stock options of Parent Company granted to the Executive shall vest on or following the date that the Executive provides Notice the 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 the benefits set forth in Section 4.03 through the Date of Termination, except that any amount payable after the Executive's ’s “separation from service” (within the meaning of Treas. Reg. Section 1.409A 1(h)) with the Company will be subject to Section 12.14 below; below 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 Parent Company or stock options of Parent Company granted to the Executive shall vest on or following the date the Executive provides Notice the 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)

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 the benefits set forth in Section 4.03 through the Date of Termination, except that any amount payable after the Executive's “separation from service” (within the meaning of Treas. Reg. Section 1.409A 1(h)) with the Company will be subject to Section 12.14 below; below 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 Parent or stock options of Parent granted to the Executive shall vest on or following the date the Executive provides Notice the 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)

Time is Money Join Law Insider Premium to draft better contracts faster.