Common use of Termination By Company Without Cause or By Employee For Good Reason Clause in Contracts

Termination By Company Without Cause or By Employee For Good Reason. If Company terminates Employee's employment other than for Cause or the occurrence of Employee's death or Disability, or if Employee terminates his employment for Good Reason, all of Employee's rights to his Base Salary (so long as Employee is not in breach of this Agreement) shall continue as severance payments until, and terminate upon, the twelve (12) month anniversary of the date of such termination (the "Severance Period"), provided that Employee executes, and does not revoke, a General Release of all claims relating to his employment and termination from employment in a form provided by Company. Employee understands that should he fail or refuse to execute the General Release provided by Company, or revoke such General Release, he shall not be entitled to any severance payments under this section. Employee's Base Salary referred to in this paragraph shall be payable during the Severance Period in equal periodic installments in accordance with Company's regular payroll practices then in effect, but shall cease immediately if Employee is in breach of this Agreement. Company shall have no further obligations to Employee under the Agreement.

Appears in 3 contracts

Samples: Employment Agreement (Providence Service Corp), Employment Agreement (Providence Service Corp), Employment Agreement (Providence Service Corp)

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Termination By Company Without Cause or By Employee For Good Reason. If Company terminates Employee's employment other than for Cause or the occurrence of Employee's death or Disability, or if Employee terminates his employment for Good Reason, all of Employee's rights to his Base Salary (so long as Employee is not in breach of this Agreement) shall continue as severance payments until, and terminate upon, upon the twelve (12) month anniversary of the date of such termination (the "Severance Period"), provided that Employee executes, and does not revoke, a General Release of all claims relating to his employment and termination from employment in a form provided by Company. Employee understands that should he fail or refuse to execute the General Release provided by Company, or revoke such General Release, he shall not be entitled to any severance payments under this section. Employee's Base Salary referred to in this paragraph shall be payable during the Severance Period in equal periodic installments in accordance with Company's regular payroll practices then in effect, but shall cease immediately if Employee is in breach of this Agreement. Company shall have no further obligations to Employee under the Agreement.

Appears in 1 contract

Samples: Employment Agreement (Providence Service Corp)

Termination By Company Without Cause or By Employee For Good Reason. If Company terminates Employee's employment other than for Cause or the occurrence of Employee's death or Disability, or if Employee terminates his employment for Good Reason, all of Employee's rights to his Base Salary (so long as Employee is not in breach of this Agreement) shall continue as severance payments until, and terminate upon, the twelve six (126) month anniversary of the date of such termination (the "Severance Period"), provided that Employee executes, and does not revoke, a General Release of all claims relating to his employment and termination from employment in a form provided by Company. Employee understands that should he fail or refuse to execute the General Release provided by Company, or revoke such General Release, he shall not be entitled to any severance payments under this section. Employee's Base Salary referred to in this paragraph shall be payable during the Severance Period in equal periodic installments in accordance with Company's regular payroll practices then in effect, but shall cease immediately if Employee is in breach of this Agreement. Company shall have no further obligations to Employee under the Agreement.

Appears in 1 contract

Samples: Employment Agreement (Providence Service Corp)

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Termination By Company Without Cause or By Employee For Good Reason. If Company terminates Employee's employment other than for Cause or the occurrence of Employee's death or Disability, or if Employee terminates his her employment for Good Reason, all of Employee's rights to his her Base Salary (so long as Employee is not in breach of this Agreement) shall continue as severance payments until, and terminate upon, the twelve six (126) month anniversary of the date of such termination (the "Severance Period"), provided that Employee executes, and does not revoke, a General Release of all claims relating to his her employment and termination from employment in a form provided by Company. Employee understands that should he she fail or refuse to execute the General Release provided by Company, or revoke such General Release, he she shall not be entitled to any severance payments under this section. Employee's Base Salary referred to in this paragraph shall be payable during the Severance Period in equal periodic installments in accordance with Company's regular payroll practices then in effect, but shall cease immediately if Employee is in breach of this Agreement. Company shall have no further obligations to Employee under the Agreement.

Appears in 1 contract

Samples: Employment Agreement (Providence Service Corp)

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