Common use of Termination by Employee for Reasons other than Good Reason Clause in Contracts

Termination by Employee for Reasons other than Good Reason. If, after a Change of Control and during the Employment Term, the Employee's status as an employee is terminated by the Employee for reasons other than Good Reason, then the Company shall pay to the Employee an amount equal to a single year's Base Salary in effect at the Date of Termination, payable in equal installments over a two-year period at such intervals as other salaried employees of the Company are paid.

Appears in 17 contracts

Samples: Employment Agreement (Stewart Enterprises Inc), Change of Control Agreement (Stewart Enterprises Inc), Change of Control Agreement (Stewart Enterprises Inc)

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Termination by Employee for Reasons other than Good Reason. If, after a Change of Control and during the Employment Term, If the Employee's status as an employee is terminated by the Employee for reasons other than Good Reason, then the Company shall pay to the Employee an amount equal to a single year's Base Salary in effect at the Date of Termination, payable in equal installments over a two-year period at such intervals as other salaried employees of the Company are paid.

Appears in 6 contracts

Samples: Employment Agreement (Stewart Enterprises Inc), Employment Agreement (Stewart Enterprises Inc), Employment Agreement (Stewart Enterprises Inc)

Termination by Employee for Reasons other than Good Reason. If, after a Change of Control and during the Employment Term, If the Employee's status as an employee is terminated by the Employee for reasons other than Good Reason, then the Company shall pay to the Employee an amount equal to a single year's Base Salary in effect at the Date of Termination, payable in equal installments over a two-two- year period at such intervals as other salaried employees of the Company are paid.

Appears in 3 contracts

Samples: Employment Agreement (Stewart Enterprises Inc), Employment Agreement (Stewart Enterprises Inc), Employment Agreement (Stewart Enterprises Inc)

Termination by Employee for Reasons other than Good Reason. If, after a Change of Control and during the Employment Term, If the Employee's status as an employee is terminated by the Employee for reasons other than Good Reason, then the Company shall pay to the Employee an amount equal to one-half of a single year's Base Salary in effect at the Date of Termination, payable in equal installments over a two-year period at such intervals as other salaried employees of the Company are paid.

Appears in 2 contracts

Samples: Employment Agreement (Stewart Enterprises Inc), Employment Agreement (Stewart Enterprises Inc)

Termination by Employee for Reasons other than Good Reason. If, after a Change of Control and during the Employment Term, the Employee's status as an employee is terminated by the Employee for reasons other than Good Reason, then the Company shall pay to the Employee an amount equal to one-half of a single year's Base Salary in effect at the Date of Termination, payable in equal installments over a two-two- year period at such intervals as other salaried employees of the Company are paid.

Appears in 2 contracts

Samples: Change of Control Agreement (Stewart Enterprises Inc), Change of Control Agreement (Stewart Enterprises Inc)

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Termination by Employee for Reasons other than Good Reason. If, after a Change of Control and during the Employment Term, the Employee's status as an employee is terminated by the Employee for reasons other than Good ReasonReasons, then the Company shall pay to the Employee an amount equal to a single year's Base Salary in effect at the Date of Termination, payable in equal installments over a two-year period at such intervals as other salaried employees of the Company are paid.

Appears in 1 contract

Samples: Change of Control Agreement (Stewart Enterprises Inc)

Termination by Employee for Reasons other than Good Reason. If, after a Change of Control and during the Employment Term, the Employee's =s status as an employee is terminated by the Employee for reasons other than Good Reason, then the Company shall pay to the Employee an amount equal to a single year's =s Base Salary in effect at the Date of Termination, payable in equal installments over a two-year period at such intervals as other salaried employees of the Company are paid.

Appears in 1 contract

Samples: Change of Control Agreement (Stewart Enterprises Inc)

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