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

Termination by Executive other than for Good Reason. If Executive elects to retire or otherwise terminate employment during the Post-Change Period, the Imminent Control Change Period, the Post-Significant Acquisition Period, or the Post-Disaggregation Period, other than for Good Reason, Disability or death, the Company’s sole obligation to Executive under Articles II, IV, and V shall be to pay Executive, pursuant to the Company’s then-effective Plans, a lump-sum cash amount equal to all Accrued Obligations determined as of the Termination Date. The remaining provisions of this Agreement (including the restrictive covenants in Article VIII) shall continue to apply.

Appears in 7 contracts

Samples: Control Employment Agreement, Control Employment Agreement (Baltimore Gas & Electric Co), Control Employment Agreement (Exelon Corp)

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Termination by Executive other than for Good Reason. If Executive elects to retire or otherwise terminate employment during the Post-Change Period, the Imminent Control Change Period, the Post-Significant Acquisition Period, or the Post-Disaggregation Period, other than for Good Reason, Disability or death, the Company’s 's sole obligation to Executive under Articles II, IV, and V shall be to pay Executive, pursuant to the Company’s 's then-effective Plans, a lump-sum cash amount equal to all Accrued Obligations determined as of the Termination Date. The remaining provisions of this Agreement (including the restrictive covenants in Article VIIIIX) shall continue to apply.

Appears in 1 contract

Samples: Employment Agreement (Commonwealth Edison Co)

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Termination by Executive other than for Good Reason. If Executive elects to retire or otherwise terminate employment during the Current Post-Merger Period, the Post-Change Period, the Imminent Control Change Period, the Post-Significant Acquisition Period, or the Post-Disaggregation Period, other than for Good Reason, Disability or death, the Company’s 's sole obligation to Executive under Articles II, IV, and V shall be to pay Executive, pursuant to the Company’s 's then-effective Plans, a lump-sum cash amount equal to all Accrued Obligations determined as of the Termination Date. The remaining provisions of this Agreement (including the restrictive covenants in Article VIIIIX) shall continue to apply.

Appears in 1 contract

Samples: Employment Agreement (Commonwealth Edison Co)

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