Common use of Resignation without Good Reason; Termination for Death or Disability Clause in Contracts

Resignation without Good Reason; Termination for Death or Disability. If the Executive voluntarily terminates his employment with the Company, excluding a termination for Good Reason, or if the Executive’s employment with the Company is terminated by reason of the Executive’s death or Disability, then the Company shall (i) pay the Executive (or his estate, if applicable), in a lump sum in cash on the next regularly scheduled payroll date after the Date of Termination, the Accrued Obligations and (ii) timely pay or provide to the Executive the Other Benefits.

Appears in 1 contract

Samples: Retention Agreement (Cornerstone Therapeutics Inc)

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Resignation without Good Reason; Termination for Death or Disability. If the Executive voluntarily terminates his employment with the Company, excluding a termination for Company without Good Reason, or if the Executive’s 's employment with the Company is terminated by reason of the Executive’s 's death or Disability, then the Company shall (i) pay the Executive (or his estate, if applicable), in a lump sum in cash on the next regularly scheduled payroll date within 30 days after the Date of Termination, the Accrued Obligations Obligations, and (ii) timely pay or provide to the Executive the Other Benefits.

Appears in 1 contract

Samples: Employment Agreement (Art Technology Group Inc)

Resignation without Good Reason; Termination for Death or Disability. If the Executive voluntarily terminates his the Executive’s employment with the CompanyCompany during the applicable Post-CIC Period, excluding a termination resignation for Good Reason, or if the Executive’s employment with the Company is terminated by reason of the Executive’s death or DisabilityDisability during the applicable Post-CIC Period, then the Company shall (i) pay the Executive (or his the Executive’s estate, if applicable), in a lump sum in cash on the next regularly scheduled payroll date after the Date of Termination, the Accrued Obligations and (ii) timely pay or provide shall be entitled to the Executive the Other Benefits.following payments and benefits:

Appears in 1 contract

Samples: Executive Retention Agreement (Aspen Technology, Inc.)

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Resignation without Good Reason; Termination for Death or Disability. If the Executive voluntarily terminates his employment with either of the CompanyCompanies during the Term, excluding a termination for Good Reason, or if the Executive’s employment with the Company Companies is terminated by reason of the Executive’s death or DisabilityDisability during the Term, then the Company Companies shall (i) pay or provide to the Executive (or his the Executive’s estate, if applicable), in a lump sum in cash on the next regularly scheduled payroll date after the Date of Termination, the Accrued Obligations and (ii) timely pay or provide to the Executive the Other Benefits.extent not previously paid or provided:

Appears in 1 contract

Samples: Executive Retention Agreement (ACM Research, Inc.)

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