Common use of Termination by Executive Without Good Reason, by the Company for Cause, or by Reason of Executive’s Retirement Clause in Contracts

Termination by Executive Without Good Reason, by the Company for Cause, or by Reason of Executive’s Retirement. If the Executive's employment shall be terminated during the Term by Executive Without Good Reason, by the Company for Cause, or by reason of the Executive's retirement, Executive shall be entitled to receive (a) the Executive's Base Salary through the Date of Termination at the rate in effect at the time the Notice of Termination is given; and (b) all compensation and benefits payable to the Executive through the Date of Termination under the terms of this Agreement or any compensation or benefit plan, program or arrangement maintained by the Company during such period and in which Executive participated as of the Date of Termination.

Appears in 2 contracts

Samples: Employment Agreement (Avangrid, Inc.), Severance Agreement (Avangrid, Inc.)

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Termination by Executive Without Good Reason, by the Company for Cause, or by Reason of Executive’s Retirement. If the Executive's ’s employment shall be terminated during the Term by Executive Without Good Reason, by the Company for Cause, or by reason of the Executive's ’s retirement, Executive shall be entitled to receive (a) the Executive's ’s Base Salary through the Date of Termination at the rate in effect at the time the Notice of Termination is given; and (b) all compensation and benefits payable to the Executive through the Date of Termination under the terms of this Agreement or any compensation or benefit plan, program or arrangement maintained by the Company during such period and in which Executive participated as of the Date of Termination.

Appears in 2 contracts

Samples: Employment Agreement (Avangrid, Inc.), Employment Agreement (Avangrid, Inc.)

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Termination by Executive Without Good Reason, by the Company for Cause, or by Reason of Executive’s Retirement. If the Executive's employment shall be terminated during the Term by Executive Without without Good Reason, by the Company for Cause, or by reason of the Executive's retirement, Executive shall be entitled to receive (a) the Executive's Base Salary through the Date of Termination at the rate in effect at the time the Notice of Termination is given; and (b) all compensation and benefits payable to the Executive through the Date of Termination under the terms of this Agreement or any compensation or benefit plan, program or arrangement maintained by the Company or RG&E during such period and in which Executive participated as of the Date of Termination. The Company also shall make a final contribution to the Arrangement in accordance with Section 5.5(D).

Appears in 1 contract

Samples: Employment Agreement (Avangrid, Inc.)

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