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

Termination by Executive other than for Good Reason. If the Executive voluntarily terminates his employment during the Employment Period for any reason other than for Good Reason, the Executive’s employment shall terminate without further obligations to the Executive, other than for payment of the Accrued Obligation and the Benefit Obligation and the rights provided in Section 6. In such case, the Accrued Obligation shall be paid to the Executive in a lump sum in cash within thirty (30) days after the Date of Termination and the Benefit Obligation shall be paid in accordance with the terms of the applicable Benefit Plans.

Appears in 6 contracts

Samples: Employment Agreement (Weatherford International Ltd./Switzerland), Employment Agreement (Weatherford International LTD), Employment Agreement (Weatherford International Ltd./Switzerland)

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Termination by Executive other than for Good Reason. If the Executive voluntarily terminates his employment during the Employment Period for any reason other than for Good Reason, the Executive’s employment shall terminate without further obligations to the Executive, other than for payment of the Accrued Obligation Obligations and the Benefit Obligation Other Benefits and the rights provided in Section 6. In such case, the all Accrued Obligation Obligations shall be paid to the Executive in a lump sum in cash within thirty (30) 30 days after the Date of Termination and the Benefit Obligation shall be paid in accordance with the terms of the applicable Benefit Planssubject to such other options or restrictions as provided by law.

Appears in 6 contracts

Samples: Employment Agreement (Weatherford International LTD), Employment Agreement (Weatherford International LTD), Employment Agreement (Weatherford International LTD)

Termination by Executive other than for Good Reason. Executive may terminate Executive’s employment hereunder without Good Reason upon 30 days’ prior written notice to Employer. If the Executive voluntarily terminates his employment during the Employment Period for any reason other than for Good Reason, Executive shall have no right to receive any compensation or benefit hereunder or otherwise from Employer on and after the Executive’s employment shall terminate without further obligations date of termination other than (a) unpaid Base Salary earned to the Executive, other than for payment date of the Accrued Obligation and the Benefit Obligation and the rights provided in Section 6. In such case, the Accrued Obligation termination of employment (which shall be paid on Employer’s next scheduled payroll date) and (b) business expense reimbursement pursuant to the Executive in a lump sum in cash within thirty (30) days after the Date of Termination and the Benefit Obligation shall be paid in accordance with the terms of the applicable Benefit PlansSection 6.

Appears in 4 contracts

Samples: Employment Agreement (Nevada Property 1 LLC), Employment Agreement (Nevada Property 1 LLC), Employment Agreement (Nevada Property 1 LLC)

Termination by Executive other than for Good Reason. If the Executive voluntarily terminates his employment during the Employment Period for any reason other than for Good Reason, the Executive’s 's employment shall terminate without further obligations to the Executive, other than for payment of the Accrued Obligation and the Benefit Obligation and the rights provided in Section 6. In such case, the Accrued Obligation shall be paid to the Executive in a lump sum in cash within thirty (30) 30 days after the Date of Termination and the Benefit Obligation shall be paid in accordance with the terms of the applicable Benefit Plans.

Appears in 3 contracts

Samples: Chief Financial Officer Employment Agreement (Deep Down, Inc.), Employment Agreement (Deep Down, Inc.), Employment Agreement (Deep Down, Inc.)

Termination by Executive other than for Good Reason. If the Executive voluntarily terminates his employment during the Employment Period for any reason other than for Good Reason, the Executive’s 's employment shall terminate without further obligations to the Executive, other than for payment of the Accrued Obligation and the Benefit Obligation and the rights provided in Section 6. In such case, the Accrued Obligation shall be paid to the Executive in a lump sum in cash within thirty (30) days after the Date of Termination and the Benefit Obligation shall be paid in accordance with the terms of the applicable Benefit Plans.

Appears in 3 contracts

Samples: Employment Agreement (Deep Down, Inc.), Employment Agreement (Deep Down, Inc.), Employment Agreement (Deep Down, Inc.)

Termination by Executive other than for Good Reason. If the Executive voluntarily terminates his employment during the Employment Period for any reason other than for Good Reason, the Executive’s employment shall terminate without further obligations to the Executive, other than for payment of the Accrued Obligation and the Benefit Obligation and the rights provided in Section 6. In such case, the Accrued Obligation shall be paid to the Executive in a lump sum in cash within thirty (30) 30 days after the Date of Termination and the Benefit Obligation shall be paid in accordance with the terms of the applicable Benefit Plans.

Appears in 2 contracts

Samples: Employment Agreement (Koil Energy Solutions, Inc.), Chief Operating Officer Employment Agreement (Deep Down, Inc.)

Termination by Executive other than for Good Reason. If the Executive voluntarily terminates his employment during the Employment Period for any reason other than for Good Reason, the Executive’s 's employment shall terminate without further obligations to the Executive, other than for payment of the Accrued Obligation Obligations and the Benefit Obligation Other Benefits and the rights provided in Section 6. In such case, the all Accrued Obligation Obligations shall be paid to the Executive in a lump sum in cash within thirty (30) 30 days after the Date of Termination and the Benefit Obligation shall be paid in accordance with the terms of the applicable Benefit Planssubject to such other options or restrictions as provided by law.

Appears in 2 contracts

Samples: Employment Agreement (Weatherford International LTD), Employment Agreement (Weatherford International LTD)

Termination by Executive other than for Good Reason. If the Executive voluntarily terminates his employment during the Employment Period for any reason other than Period, excluding a termination for Good Reason, the Executive’s employment this Agreement shall terminate without further obligations to the Executive, other than for payment of the Accrued Obligation Obligations and the Benefit Obligation and the rights provided in Section 6timely payment or provision of Other Benefits. In such case, the all Accrued Obligation Obligations shall be paid to the Executive in a lump sum in cash within thirty (30) 30 days after the Date of Termination and the Benefit Obligation all Other Benefits shall be timely paid to the Executive in accordance with the terms of the applicable Benefit Plansappropriate plan, program, practice or policy.

Appears in 1 contract

Samples: Employment Agreement (Forest Laboratories Inc)

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Termination by Executive other than for Good Reason. Executive may terminate Executive’s employment hereunder without Good Reason upon 30 days’ prior written notice to Employer. If the Executive voluntarily terminates his employment during the Employment Period for any reason other than for Good Reason, Executive shall have no right to receive any compensation or benefit hereunder or otherwise from Employer on and after the Executive’s employment shall terminate without further obligations date of termination other than (a) unpaid Base Salary earned to the Executive, other than for payment date of the Accrued Obligation and the Benefit Obligation and the rights provided in Section 6. In such case, the Accrued Obligation termination of employment (which shall be paid on Employer’s next scheduled payroll date), (b) any unused vacation pay through the date of termination to the Executive in a lump sum in cash within thirty extent theretofore unpaid, and (30c) days after the Date of Termination and the Benefit Obligation shall be paid in accordance with the terms of the applicable Benefit Plansbusiness expense reimbursement pursuant to Section 6.

Appears in 1 contract

Samples: Employment Agreement (Nevada Property 1 LLC)

Termination by Executive other than for Good Reason. Executive may terminate Executive’s employment hereunder without Good Reason upon 30 days’ prior written notice to Employer. If the Executive voluntarily terminates his her employment during the Employment Period for any reason other than for Good Reason, Executive shall have no right to receive any compensation or benefit hereunder or otherwise from Employer on and after the Executive’s employment shall terminate without further obligations date of termination other than (a) unpaid Base Salary earned to the Executive, other than for payment date of the Accrued Obligation and the Benefit Obligation and the rights provided in Section 6. In such case, the Accrued Obligation termination of employment (which shall be paid on Employer’s next scheduled payroll date), and (b) business expense reimbursement pursuant to the Executive in a lump sum in cash within thirty (30) days after the Date of Termination and the Benefit Obligation shall be paid in accordance with the terms of the applicable Benefit PlansSection 6.

Appears in 1 contract

Samples: Employment Agreement (Nevada Property 1 LLC)

Termination by Executive other than for Good Reason. If the Executive voluntarily terminates his employment during the Employment Period and prior to the expiration of the Term of the Agreement for any reason other than for Good Reason, the Executive’s employment shall terminate without further obligations to the Executive, other than for payment of (x) the Accrued Obligation and the Benefit Obligation and the rights provided in Section 6. In such case, the Accrued Obligation shall be paid obligation to pay to the Executive in a lump sum in cash within thirty (30) days after his Annual Base Salary through the Date of Termination and the Benefit Obligation shall be paid in accordance with the terms of the applicable Benefit Plans.for periods following his Separation From Service,

Appears in 1 contract

Samples: Employment Agreement (Weatherford International Ltd./Switzerland)

Termination by Executive other than for Good Reason. Executive may terminate Executive's employment hereunder without Good Reason upon 30 days' prior written notice to Employer. If the Executive voluntarily terminates his her employment during the Employment Period for any reason other than for Good Reason, Executive shall have no right to receive any compensation or benefit hereunder or otherwise from Employer on and after the Executive’s employment shall terminate without further obligations date of termination other than (a) unpaid Base Salary earned to the Executive, other than for payment date of the Accrued Obligation and the Benefit Obligation and the rights provided in Section 6. In such case, the Accrued Obligation termination of employment (which shall be paid on Employer's next scheduled payroll date), and (b) business expense reimbursement pursuant to the Executive in a lump sum in cash within thirty (30) days after the Date of Termination and the Benefit Obligation shall be paid in accordance with the terms of the applicable Benefit PlansSection 6.

Appears in 1 contract

Samples: Employment Agreement (Nevada Property 1 LLC)

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