TERMINATION BY COMPANY WITHOUT CAUSE AFTER CHANGE IN CONTROL Sample Clauses

TERMINATION BY COMPANY WITHOUT CAUSE AFTER CHANGE IN CONTROL. If Company terminates this Agreement for any reason other than pursuant to the terms of Section 5.1 and such termination occurs within one year of the occurrence of a Change in Control, then Company shall: (1) pay to Executive an amount equal to the greater of (A) his total Base Salary for the remainder of the Employment period; (B) two times the greater of his annualized Base Salary in effect upon the occurrence of the Change in Control or his annualized Base Salary in effect on the date of notice termination is received; or (C) one month of Base Salary for each full year of service completed with the Company as of the date of termination, (2) pay to Executive an amount equal to two (2) times his most recent annual bonus, and (3) cause Executive to be fully vested in any stock options or stock grants
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TERMINATION BY COMPANY WITHOUT CAUSE AFTER CHANGE IN CONTROL. If Company terminates this Agreement for any reason other than pursuant to the terms of Section 5.1 and such termination occurs within one year of the occurrence of a Change in Control, then Company shall: (1) pay to Executive an amount equal to the greater of (A) his total Base Salary for the remainder of the Employment period; (B) two times the greater of his annualized Base Salary in effect upon the occurrence of the Change in Control or his annualized Base Salary in effect on the date of notice termination is received; or (C) one month of Base Salary for each full year of service completed with the Company as of the date of termination, (2) pay to Executive an amount equal to two (2) times his most recent annual bonus, and (3) cause Executive to be fully vested in any stock options or stock grants held by Executive. Company shall make such payments in one lump sum on the effective date of termination. A "Change in Control" shall be deemed to have occurred at any time after the date of this Agreement that (i) any person (other than those persons who own more than 10% of the combined voting power of the Company's outstanding voting securities on the date hereof) becomes the beneficial owner, directly or indirectly, of 30% or more of the combined voting power of the Company's then outstanding voting securities, or (ii) individuals who at the beginning of any period of two consecutive fiscal years constitute the Company's Board of Directors cease for any reason to constitute a majority of such Board of Directors at any time during such two-year period.
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TERMINATION BY COMPANY WITHOUT CAUSE AFTER CHANGE IN CONTROL. If Company terminates this Agreement for any reason other than pursuant to the terms of Section 5.1 and such termination occurs within one year of the
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Related to TERMINATION BY COMPANY WITHOUT CAUSE AFTER CHANGE IN CONTROL

  • Termination by Company Without Cause The Company may terminate Employee’s employment without Cause upon thirty (30) days written notice to Employee. If Employee’s employment with the Company is terminated by the Company without Cause, and Employee signs and does not revoke a Release, then Employee shall be entitled to the following:

  • 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 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 for Cause, or Termination Upon Death, Disability or Resignation from the Company Without Good Reason If Executive’s employment shall terminate as a result of Executive’s death pursuant to Section 3(a)(i) or Disability pursuant to Section 3(a)(ii), pursuant to Section 3(a)(iii) for Cause, or pursuant to Section 3(a)(vi) for Executive’s resignation from the Company without Good Reason, then Executive shall not be entitled to any severance payments or benefits, except as provided in Section 3(c).

  • Involuntary Termination by the Company without Cause At all times during the Term, the Board may terminate the Executive’s employment for reasons other than death, Disability, or for Cause, by providing to the Executive a Notice of Termination, at least sixty (60) calendar days (ninety (90) calendar days when termination is due to non-renewal of this Agreement by the Company pursuant to Section 1.2) prior to the Effective Date of Termination; provided, however, that such notice shall not preclude the Company from requiring Executive to leave the Company immediately upon receipt of such notice.

  • 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 by Company The Company may terminate this Agreement at any time during the Term without “Cause” upon 5 days written notice to Employee.

  • Termination by the Company without Cause; Termination by the Executive for Good Reason (a) For purposes of this Agreement, “Good Reason” shall mean, unless otherwise consented to by the Executive,

  • 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;

  • 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:

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