Termination by Company Without Cause or Resignation by Employee With Good Grounds Sample Clauses

Termination by Company Without Cause or Resignation by Employee With Good Grounds. If the Triggering Event was a Termination by the Company Without Cause or a Resignation by Employee With Good Grounds, Employee shall be entitled to receive his Annual Base Compensation and accrued but unpaid vacation through the date thereof plus, in the discretion of the Board, a pro rata portion of Employee's Potential Annual Target Bonus for the calendar year in which such Triggering Event occurred (based on the number of days Employee was employed during the applicable calendar year), payable in accordance with the Company's normal payroll practices. In addition, Employee shall also (x) be paid an amount equal to two (2) years ("Severance Period") of his then current Annual Base Compensation payable in equal installments in accordance with the Company's regular payroll schedule, and (y) continue to participate in the Company's health, insurance and disability plans and programs during the Severance Period (collectively, the "Severance Benefits"); provided that Employee shall be entitled to receive such Severance Benefits during the Severance Period if and only if Employee has executed and delivered to the Company the Confidential Separation Agreement and General Release substantially in form and substance as set forth in Schedule A to this Agreement and only so long as Employee has not breached any of his covenants to the Company set forth in Article IV of this Agreement.
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Termination by Company Without Cause or Resignation by Employee With Good Grounds. If the Triggering Event was a Termination by the Company Without Cause or a Resignation by the Employee With Good Grounds, the Employee shall be entitled to receive his Annual Base Compensation and accrued but unpaid vacation through the date thereof plus, in the case of either (i) Resignation by the Employee with Good Grounds or (ii) a Termination By the Company Without Cause in the discretion of the Chairman of the Board of the Company, a pro rata portion of the Employee's Potential Annual Target Bonus for the calendar year in which such Triggering Event occurred (based on the number of days the Employee was employed during the applicable calendar year), payable in accordance with the Company's normal payroll practices, provided that in addition, the Employee shall also be paid an amount equal to his then
Sample 1
Termination by Company Without Cause or Resignation by Employee With Good Grounds. If the Triggering Event was a Termination by the Company Without Cause or a Resignation by the Employee With Good Grounds, the Employee shall be entitled to receive his Annual Base Compensation and accrued but unpaid vacation through the date thereof plus, in the case of either (i) Resignation by the Employee with Grounds or (ii) a Termination By the Company Without Cause in the discretion of the Chief Executive Officer of the Company, a pro rata portion of the Employee's Potential Annual Target Bonus for the calendar year in which such Triggering Event occurred (based on the number of days the Employee was employed during the applicable calendar year), payable in accordance with the Company's normal payroll practices, provided that in addition, the Employee shall also be paid an amount
Sample 1

Related to Termination by Company Without Cause or Resignation by Employee With Good Grounds

  • 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:

  • By the Company Without Cause or Resignation by Executive for Good Reason (i) The Employment Term and Executive’s employment hereunder may be terminated by the Company without Cause or by Executive’s resignation for Good Reason.

  • Termination by the Company Without Cause or by the Executive with Good Reason During the Term, if the Executive’s employment is terminated by the Company without Cause as provided in Section 3(d), or the Executive terminates his employment for Good Reason as provided in Section 3(e), then the Company shall pay the Executive his Accrued Benefit. In addition, subject to the Executive signing a separation agreement containing, among other provisions, a general release of claims in favor of the Company and related persons and entities, confidentiality, return of property and non-disparagement, in a form and manner satisfactory to the Company (the “Separation Agreement and Release”) and the Separation Agreement and Release becoming fully effective, all within the time frame set forth in the Separation Agreement and Release:

  • 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 by the Company for Cause; Termination by the Executive without Good Reason (a) For purposes of this Agreement, “

  • 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 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 the Company for Cause or by Executive Without Good Reason If Executive’s employment is terminated by the Company for Cause or by Executive without Good Reason, the Company shall pay Executive all amounts earned or accrued hereunder through the termination date, including:

  • Termination by Employee with Good Reason Employee may terminate his employment with Good Reason by providing the Company thirty (30) days’ written notice setting forth with reasonable specificity the event that constitutes Good Reason, which written notice, to be effective, must be provided to the Company within sixty (60) days of the occurrence of such event. During such thirty (30) day notice period, the Company shall have a cure right (if curable), and if not cured within such period, Employee’s termination will be effective upon the date immediately following the expiration of the thirty (30) day notice period, and Employee shall be entitled to the same payments and benefits as provided in Section 8(d) above for a termination without Cause, it being agreed that Employee’s right to any such payments and benefits shall be subject to the same terms and conditions as described in Section 8(d) above. Following such termination of Employee’s employment by Employee with Good Reason, except as set forth in this Section 8(e), Employee shall have no further rights to any compensation or any other benefits under this Agreement.

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