Common use of Resignation without Good Reason; Termination for Cause Clause in Contracts

Resignation without Good Reason; Termination for Cause. In the event the Executive voluntarily terminates the Agreement Term and his employment hereunder other than for Good Reason, or in the event the Agreement Term and the Executive's employment hereunder is terminated by the Company for Cause, the Company shall pay and provide to the Executive all Accrued Rights and Bonus Rights and the Executive shall retain any rights that he has pursuant to any stock option agreement with the Company in accordance with the terms thereof.

Appears in 6 contracts

Samples: Employment Agreement (Net2phone Inc), Employment Agreement (Net2phone Inc), Employment Agreement (Net2phone Inc)

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Resignation without Good Reason; Termination for Cause. In the event the Executive voluntarily terminates the Agreement Term and his employment hereunder other than for Good Reason, or in the event the Agreement Term and the Executive's employment hereunder is terminated by the Company for Cause, the Company shall pay and provide to the Executive all Accrued Rights and Bonus Rights to the date of termination and the Executive shall retain any rights that he has pursuant to any stock option agreement with the Company in accordance with the terms thereof.

Appears in 3 contracts

Samples: Employment Agreement (Net2phone Inc), Employment Agreement (Net2phone Inc), Employment Agreement (Net2phone Inc)

Resignation without Good Reason; Termination for Cause. In the event the If Executive voluntarily terminates the Agreement Term and resigns from his employment hereunder other than for without Good Reason, Reason or in the event the Agreement Term and the Executive's employment hereunder is terminated by the Company terminates Executive for Cause, Executive shall only receive his Accrued Obligations and any other rights to which he is entitled under the Company’s benefit plans. Executive shall not be entitled to any other form of compensation and all other obligations of the Company shall pay and provide to the Executive all Accrued Rights and Bonus Rights and the Executive shall retain any rights that he has pursuant to any stock option agreement with the Company in accordance with the terms thereofthis Agreement shall automatically terminate.

Appears in 1 contract

Samples: Executive Employment Agreement (DMC Global Inc.)

Resignation without Good Reason; Termination for Cause. In Notwithstanding anything herein to the event contrary, if the Executive voluntarily Company terminates the Agreement Term and his Executive’s employment hereunder other than for Good Reason, or in the event the Agreement Term and the Executive's employment hereunder is terminated by with the Company for Cause, or if the Executive voluntarily terminates his employment with the Company shall pay and provide to the Executive all Accrued Rights and Bonus Rights and (other than a termination for Good Reason), then the Executive shall retain any rights that he has pursuant not be entitled to any stock option agreement with the Company in accordance with the terms thereofpayments or benefits under this Agreement.

Appears in 1 contract

Samples: Executive Retention Agreement (Arlington Tankers Ltd.)

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Resignation without Good Reason; Termination for Cause. In the event the Executive voluntarily terminates the Agreement Term and his employment hereunder other than for Good Reason, or in the event the Agreement Term and the Executive's employment hereunder is terminated by the Company for Cause, the Company shall pay and provide to the Executive all Accrued Rights and Bonus Rights and the Executive shall retain any rights that he has pursuant to any stock option equity incentive agreement with the Company in accordance with the terms thereof.

Appears in 1 contract

Samples: Employment Agreement (Net2phone Inc)

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