TERMINATION BY COMPANY FOR CAUSE OR BY EMPLOYEE WITHOUT GOOD REASON Sample Clauses

TERMINATION BY COMPANY FOR CAUSE OR BY EMPLOYEE WITHOUT GOOD REASON. If this Agreement is terminated by the Company for Cause or by you without Good Reason, you will be entitled to accrued but unpaid salary owed to you through the date of termination, accrued but unpaid vacation, and reimbursement for any legitimate business expenses, but you shall forfeit any other form of compensation, including but not limited to cash equity compensation and bonus compensation not already received by you or not already vested as of the date of termination. Any vested but unexercised options or warrants must be exercised by the earlier of (i) the one-year anniversary of the date of termination, or (iii) the expiry of such options or warrant’s term. You will not be eligible for any continuing benefits such as health insurance or COBRA coverage. In addition, the Company, in its sole discretion, may require you to return any already vested equity compensation set forth on the attached Schedule A.
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TERMINATION BY COMPANY FOR CAUSE OR BY EMPLOYEE WITHOUT GOOD REASON. If the Employee's employment is terminated by the Company for Cause or the Employee voluntarily terminates employment without Good Reason, the Company shall, within 14 calendar days following the date of Employee's employment termination, pay to the Employee (i) any Base Salary earned but not paid through the date of Employee's employment termination, plus (ii) the amount of any other benefits to which Employee is legally entitled as of such date under the terms and conditions of any benefit plans of the Company in which Employee is participating as of such date, plus (iii) earned, but unpaid Bonus, up to the date of termination, including any hold-back amount that would have been paid at year end. The Company shall have no further obligations under this Agreement.
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TERMINATION BY COMPANY FOR CAUSE OR BY EMPLOYEE WITHOUT GOOD REASON. The Company may terminate the Employee’s employment pursuant to the terms of this Agreement at any time for Cause (as defined below) by giving the Employee written notice of termination. Such termination shall become effective upon the giving of such notice. Upon any such termination for Cause, or in the event the Employee terminates his employment with the Company without “Good Reason,” as defined below, then the Employee shall have no right to compensation, or reimbursement under Section 4, or to participate in any Employee benefit programs under Section 5, except as may otherwise be provided for herein or by law, for any period subsequent to the effective date of termination. For purposes of this Agreement, “Cause” shall mean: (i) the Employee is convicted of a felony or commits a felonious act which is related to the Employee's employment or the business of the Company; (ii) the Employee, in carrying out his duties hereunder, has acted with gross negligence or intentional misconduct resulting, in either case, in harm to the Company; (iii) the Employee misappropriates Company funds or otherwise defrauds the Company; (iv) the Employee materially breaches his fiduciary duty to the Company resulting in profit to him, directly or indirectly; (v) the Employee materially breaches any written agreement with the Company; (vi) the Employee breaches any provision of Sections 7, 8 or 11 of this Agreement; (vii) the Employee materially fails to competently perform his duties under Section 3 and after the giving of notice specifying with reasonable particularity any alleged deficiency(ies) fails to cure the alleged deficiency(ies) within 30 days; (viii) the Employee suffers from alcoholism or drug addiction; (ix) the Employee has been found to have committed any act or have failed to take any action which results in the Company’s common stock being delisted or not listed for trading on the Over-the-Counter Bulletin Board or a national securities exchange, as applicable; (x) the Employee fails on more than one occasion to comply with the reasonable directive’s of the Company’s Board of Directors; or (xi) the Employee fails or refuses to cooperate in any official investigation or inquiry conducted by or on behalf of the Company or by any government body or agency asserting jurisdiction over the Company or any of its securities.
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TERMINATION BY COMPANY FOR CAUSE OR BY EMPLOYEE WITHOUT GOOD REASON. If the Employee’s employment is terminated by the Company for Cause or the Employee voluntarily terminates employment without Good Reason, the Company shall promptly pay to the Employee (1) any Base Salary earned but not paid through the date of Employee’s employment termination, plus (2) any bonus that is earned because Employee was employed on the last day of the fiscal year as provided in Section 3.2, and amounts that Employee is entitled to under any equity compensation, bonus, benefit or other plan of, or agreement with the Company in accordance with the terms of such plan or agreement .. The Company shall have no further obligations under this Agreement.
Sample 1
TERMINATION BY COMPANY FOR CAUSE OR BY EMPLOYEE WITHOUT GOOD REASON. If the Employee’s employment is terminated by the Company for Cause or the Employee voluntarily terminates employment without Good Reason (unless Employee terminates pursuant to Section 4.4(d), in which case Section 4.4(d) shall govern), the Company shall promptly pay to the Employee (1) any Base Salary earned but not paid through the date of Employee’s employment termination, plus (2) any bonus that is earned because Employee was employed on the last day of the fiscal year as provided in Section 3.2, and amounts that Employee is entitled to under any equity compensation, bonus, benefit or other plan of, or agreement with the Company in accordance with the terms of such plan or agreement . The Company shall have no further obligations under this Agreement.
Sample 1
TERMINATION BY COMPANY FOR CAUSE OR BY EMPLOYEE WITHOUT GOOD REASON. If the Company terminates Employee’s employment for Cause or Employee resigns his employment without Good Reason in accordance with Section 7(d) above, the Company shall, within thirty (30) days, pay to Employee, the Accrued Obligations.
Sample 1
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TERMINATION BY COMPANY FOR CAUSE OR BY EMPLOYEE WITHOUT GOOD REASON. Upon termination of Employee’s employment hereunder by the Company for Cause (as defined below) or by Employee without Good Reason (as defined below) the Company shall pay Employee any Base Salary and/or Commission payments due to Employee for services performed prior to the date of termination and the Company shall have no further obligations to Employee under this Agreement except any benefit continuation options as required by law.
Sample 1
TERMINATION BY COMPANY FOR CAUSE OR BY EMPLOYEE WITHOUT GOOD REASON. If this Agreement shall be terminated by Company for Cause pursuant to Section 6(c) of this Agreement or by Employee without Good Reason pursuant to Section 6(f) of this Agreement, this Agreement shall terminate on the effective date of termination, and Company shall pay the Accrued Obligation to Employee in a lump sum within thirty days after termination, and Company shall have no further obligations under this Agreement.
Sample 1

Related to TERMINATION BY COMPANY FOR CAUSE OR BY EMPLOYEE WITHOUT GOOD REASON

  • Termination by Employee without Good Reason The Employee shall have the right at any time to terminate the Employee's employment with both Employers without Good Reason by giving the Employers written notice that the Employee is terminating his employment. Any such termination shall apply to the Employee's employment with both Employers and be effective ninety (90) days after the giving of such notice by the Employee.

  • Termination by Company without Cause or by Executive for Good Reason If Executive's employment is terminated by the Company without Cause or by Executive for Good Reason:

  • Termination by Employer Without Cause or by Executive for Good Reason If Employer terminates Executive’s employment without Cause, or if Executive terminates his employment for Good Reason, Employer shall pay Executive in a lump sum: (i) all Base Salary earned and all reimbursable expenses incurred under this Agreement through such termination date; and (ii) an amount equal to one (1) times Executive’s highest Base Salary over the prior three (3) years. The amount described in 5.b.(i) herein shall be paid no later than forty-five (45) days after the day on which employment is terminated. The amount described in 5.b.(ii) herein shall be paid on the first day of the month following a period of six (6) months after the termination of employment, provided that the payment may be made sooner if either (i) the amount does not exceed the IRC Safe Harbor or (ii) at the Executive’s election, the amount described in Section 5.a.(ii) is reduced to fit within the IRC Safe Harbor. No payment will be made pursuant to Section 5.a.(ii) unless the Executive has signed a Release Agreement which has become irrevocable prior to the payment date.

  • Termination by the Company Without Cause or by Executive for Good Reason If Executive’s employment is terminated by the Company without Cause or by Executive for Good Reason:

  • Termination by Employee for Good Reason Employee may terminate his employment hereunder for "Good Reason." As used herein, "Good Reason" shall mean the continuance of any of the following after ten (10) days' prior written notice by Employee to the Company, specifying the basis for such Employee's having Good Reason to terminate this Agreement:

  • Termination Without Cause or by Executive for Good Reason (a) Company and Executive each reserve the right to terminate Executive’s employment at any time. If a Termination Date occurs due to Company terminating Executive without Cause or Executive terminating for Good Reason (as defined herein), then Company or its successor shall have no further obligations under this Agreement except that Company or its successor shall pay to Executive the amounts shown in Section 4.5(c) hereof.

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