SEVERANCE BENEFIT UPON TERMINATION WITHOUT CAUSE Sample Clauses

SEVERANCE BENEFIT UPON TERMINATION WITHOUT CAUSE. Notwithstanding anything to the contrary in this Agreement, if Executive is terminated without cause, Executive shall receive a lump sum cash payment equal to the annual base salary of Executive, as contained in Section 3.1 of this Agreement, then in effect.
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SEVERANCE BENEFIT UPON TERMINATION WITHOUT CAUSE. Notwithstanding any other provision of this Agreement, if Employer terminates this Agreement other than for cause as defined in Section 7.01, Employer shall pay Employee a lump sum cash payment equal to one years annual salary as provided for in this Agreement, or Employee's then current rate of compensation, whichever is greater.
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SEVERANCE BENEFIT UPON TERMINATION WITHOUT CAUSE a. Notwithstanding the at-will nature of the parties’ relationship, should the Company terminate your employment without Cause (described below) then, conditioned upon: (i) your execution and non-revocation of and compliance with a separation agreement (which shall contain, among other things, a full and general release of claims to the Company and its affiliates and their respective directors, officers, agents and employees, in a form satisfactory to the Company, and a non-competition covenant that restricts certain competitive activities for a specified period of time(1/)), and (ii) your compliance with your obligations set forth in your Employee Non-Solicitation, Confidentiality and Assignment Agreement (the “Confidentiality Agreement” as described in Section 6 below), then the Company shall provide you with: (iii) payments equal to six (6) months of your then current base salary, payable in periodic installments over six (6) months, in accordance with the Company’s normal payroll practices; and (iv) (x) if the Company is subject to the Consolidated Omnibus Budget Reconciliation Act (“COBRA”) or similar state law, (y) the premium subsidy described below is not illegal or discriminatory under the Code, the Patient Protection and Affordable Care Act or the Health Care and Education Reconciliation Act, and (z) if you properly elect to receive benefits under COBRA, six (6) months of your COBRA premiums at the Company’s normal rate of contribution for employees for your coverage at the level in effect immediately prior to your termination.
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SEVERANCE BENEFIT UPON TERMINATION WITHOUT CAUSE a. Notwithstanding the at-will nature of the parties’ relationship, should the Company terminate your employment without Cause (as defined below), or should you terminate your employment with the Company for Good Reason (as defined below), you shall be paid the Accrued Obligations promptly upon such termination. In addition, conditioned upon: (i) your execution within 45 days after the date of your employment termination and non-revocation of and compliance with a separation agreement which shall contain, among other things, a full and general release of claims to the Company and its affiliates and their respective directors, officers, agents and employees, in a form reasonably satisfactory to the Company, and if your termination is by the Company without Cause, a non-competition covenant that restricts certain competitive activities for a period of one (1) year from the date of termination (provided that if your termination does not qualify as Cause hereunder but qualifies as “
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SEVERANCE BENEFIT UPON TERMINATION WITHOUT CAUSE a. Notwithstanding the at-will nature of the parties’ relationship, should the Company terminate your employment without Cause (as defined below), or should you terminate your employment with the Company for Good Reason (as defined below), you shall be paid the Accrued Obligations promptly upon such termination. In addition, conditioned upon: (i) your execution within 45 days after the date of your employment termination and non-revocation of and compliance with a separation agreement which shall contain, among other things, a full and general release of claims to the Company and its affiliates and their respective directors, officers, agents and employees, in a form reasonably satisfactory to the Company, and if your termination is by the Company without Cause, a non-competition covenant that restricts
Sample 1
SEVERANCE BENEFIT UPON TERMINATION WITHOUT CAUSE. Notwithstanding any other provision of this Agreement, if Employer terminates this Agreement prior to the first anniversary of this Agreement, other than for cause as defined in Section 7.1, Employer shall pay Employee a lump sum cash payment equal to the remainder of the annual salary and any accrued unpaid bonuses to which Employee would be entitled under this Agreement for the period up to and including May 31, 2000, as provided for in this Agreement. If this Agreement is terminated by the Employer after May 31, 2000, Employee shall not be entitled to a severance benefit under this Section 7.4.
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Related to SEVERANCE BENEFIT UPON TERMINATION WITHOUT CAUSE

  • Termination Without Cause; Termination for Good Reason If the Company shall terminate the Executive’s employment, other than for Cause, or the Executive shall terminate his employment for Good Reason, then;

  • Involuntary Termination Without Cause In the event of the Participant’s involuntary Termination by the Company without Cause, the vested portion of the Option shall remain exercisable until the earlier of (i) ninety (90) days from the date of such Termination, and (ii) the expiration of the stated term of the Option pursuant to Section 3(d) hereof.

  • Termination Without Cause or Termination for Good Reason (a) The Company may terminate the Executive's employment hereunder without Cause, and the Executive shall be permitted to terminate his employment hereunder for Good Reason (as hereinafter defined). If the Company terminates the Executive's employment hereunder without Cause, other than due to death or Disability, or if the Employee effects a termination for Good Reason, the Executive shall be entitled to receive all the benefits provided for under Section 3.6 of this Agreement.

  • Constructive Termination Without Cause In the event that: (i) a Constructive Termination Without Cause occurs and (ii) Section 8(F) (change in control) does not apply, then the Executive shall have the same entitlements as provided under Section 8(D) for a termination by the Company without Cause.

  • Involuntary Termination Without Cause and Voluntary Termination with Good Reason With written notice to the Executive at least thirty (30) days in advance, the Bank may terminate the Executive’s employment without Cause. Termination shall take effect at the end of the notice period. With advance written notice to the Bank as provided in clause (y), the Executive may terminate employment for Good Reason. If the Executive’s employment terminates involuntarily without Cause or voluntarily but with Good Reason, the Executive shall be entitled to the benefits specified in Article 4 of this Agreement. For purposes of this Agreement, a voluntary termination by the Executive shall be considered a voluntary termination with Good Reason if the conditions stated in both clauses (x) and (y) of this Section 3.4 are satisfied:

  • Termination Without Cause or Constructive Termination Without Cause In the event the Executive's employment is terminated without Cause, other than due to disability or death, or in the event there is a Constructive Termination Without Cause, the Executive shall be entitled to:

  • Compensation Upon Termination of Employment If the Executive’s employment hereunder is terminated, in accordance with the provisions of Article III hereof, and except for any other rights or benefits specifically provided for herein to be effective following the Executive’s period of employment, the Company will provide compensation and benefits to the Executive only as follows:

  • Severance Compensation upon Termination of Employment If the Company shall terminate the Executive’s employment other than pursuant to Section 5(a), (b) or (c) or if the Executive shall terminate his employment for Good Reason, then the Company shall pay to the Executive as severance pay in a lump sum, in cash, on the fifth day following the Date of Termination, an amount equal to three (3) times the average of the aggregate annual compensation paid to the Executive during the three (3) fiscal years of the Company immediately preceding the Change of Control by the Company subject to United States income taxes (or, such fewer number of fiscal years if the Executive has not been employed by the Company during each of the preceding three (3) fiscal years).

  • Compensation and Benefits Upon Termination of Employment (a) If the Company shall terminate the Executive's employment after a Change in Control other than pursuant to Section 3(b), 3(c) or 3(d) and Section 3(f), or if the Executive shall terminate his employment for Good Reason, then the Company shall pay to the Executive, as severance compensation and in consideration of the Executive's adherence to the terms of Section 5 hereof, the following:

  • Benefits Upon Termination of Employment If the Executive is entitled to benefits pursuant to this Section 2, the Company agrees to pay or provide to the Executive as severance payment, the following:

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