Termination by Company for Cause; Termination by Employee without Good Reason. (i) During the Term. If, during the Term, Company should terminate Employee's employment for Cause or Employee should terminate his employment without Good Reason, Employee will be entitled only to be paid the pro-rata annual base salary otherwise payable to Employee under paragraph (a) of Section 4 through the date of termination. All Performance Shares that are unvested on the date of termination shall be forfeited.
Appears in 3 contracts
Samples: Merger Agreement (Financial Security Assurance Holdings LTD/Ny/), Employment Agreement (Financial Security Assurance Holdings LTD/Ny/), Employment Agreement (Financial Security Assurance Holdings LTD/Ny/)
Termination by Company for Cause; Termination by Employee without Good Reason. (i) During the Term. If, during the Term, Company should terminate Employee's employment for Cause or Employee should terminate his employment without Good Reason, Employee will be entitled only to be paid the pro-rata annual base salary otherwise payable to Employee under paragraph (a) of Section 4 through the date of termination. All Performance Shares that are unvested on the date of termination shall be forfeited.of
Appears in 1 contract
Samples: Employment Agreement (Financial Security Assurance Holdings LTD/Ny/)
