Termination by Executive other than for Good Reason or by Company for Cause. In the event of the Executive’s termination by resignation under Section 5(c)(i) (i.e., other than for Good Reason) or by the Company for Cause, the Executive shall not be entitled to any severance under Section 5(d) or otherwise, any continued benefits under Section 5(f) (other than as required by statute), or any accrued compensation under Section 5(g)(iii) (for prior year bonuses, to the extent specified in that clause). Under the foregoing situations, the treatment of equity incentives shall be as specified in Section 5(e)(ii), and the Executive shall receive the accrued compensation described in Section 5(g).
Appears in 6 contracts
Samples: Employment Agreement (Key Energy Services Inc), Employment Agreement (Key Energy Services Inc), Employment Agreement (Key Energy Services Inc)
Termination by Executive other than for Good Reason or by Company for Cause. In the event of the Executive’s 's termination by resignation under Section 5(c)(i) (i.e., other than for Good Reason) or by the Company for Cause, the Executive shall not be entitled to any severance under Section 5(d) or otherwise, any continued benefits under Section 5(f) (other than as required by statute), or any accrued compensation under Section 5(g)(iii5(g) (iii) (for prior year bonuses, to the extent specified in that clause). Under the foregoing situations, the treatment of equity incentives shall be as specified in Section 5(e)(ii), and the Executive shall receive the accrued compensation described in Section 5(g).
Appears in 1 contract
Termination by Executive other than for Good Reason or by Company for Cause. In the event of the Executive’s termination by resignation under Section 5(c)(i) (i.e., other than for Good Reason) or by the Company for Cause, the Executive shall not be entitled to any severance under Section 5(d) or otherwise, any continued benefits under Section 5(f) (other than as required by statute), or any accrued compensation under (x) Section 5(g)(iii5(g) (iii) (for prior year bonuses, to the extent specified in that clause), or (y) Section 5(g)(iv) (prorated bonus for year of termination). Under the foregoing situations, the treatment of equity incentives shall be as specified in Section 5(e)(ii), and the Executive shall receive the accrued compensation described in Section 5(g).
Appears in 1 contract
Termination by Executive other than for Good Reason or by Company for Cause. In the event of the Executive’s termination by resignation under Section 5(c)(i) (i.e., other than for Good Reason) or by the Company for Cause, the Executive shall not be entitled to any severance under Section 5(d) or otherwise, any continued benefits under Section 5(f) (other than as required by statute), or any accrued compensation under Section 5(g)(ii) (for unpaid vacation, except as otherwise required by law), or Section 5(g)(iii) (for prior year bonuses, to the extent specified in that clause). Under the foregoing situations, the treatment of equity incentives shall be as specified in Section 5(e)(ii), and the Executive shall receive the accrued compensation described in Section 5(g5(g)(i), (iv) and (v).
Appears in 1 contract
Termination by Executive other than for Good Reason or by Company for Cause. In the event of the Executive’s 's termination by resignation under Section 5(c)(i) (i.e., other than for Good Reason) or by the Company for Cause, the Executive shall not be entitled to any severance under Section 5(d) or otherwise, any continued benefits under Section 5(f) (other than as required by statute), or any accrued compensation under Section 5(g)(ii) (for unpaid vacation, except as otherwise required by law), or Section 5(g)(iii) (for prior year bonuses, to the extent specified in that clause). Under the foregoing situations, the treatment of equity incentives shall be as specified in Section 5(e)(ii), and the Executive shall receive the accrued compensation described in Section 5(g5(g)(i), (iv) and (v).
Appears in 1 contract