Common use of Termination by Executive Without Good Reason or by the Corporation for Cause Clause in Contracts

Termination by Executive Without Good Reason or by the Corporation for Cause. If, during the Term, Executive terminates employment under Section 7(i) hereof without Good Reason or the Corporation terminates Executive’s employment under Section 6(ii) hereof for Cause, Executive shall be entitled to no further compensation or other benefits under this Agreement except for the Accrued Amounts, payable in a single lump sum as soon as practicable following the date of termination.

Appears in 3 contracts

Samples: Employment Agreement (Ipg Photonics Corp), Employment Agreement (Ipg Photonics Corp), Employment Agreement (Ipg Photonics Corp)

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Termination by Executive Without Good Reason or by the Corporation for Cause. If, during the Term, Executive terminates employment under Section 7(i7(a) hereof without Good Reason or the Corporation terminates Executive’s employment under Section 6(ii6(b) hereof for Cause, Executive shall be entitled to no further compensation or other benefits under this Agreement except for the Accrued Amounts, payable in a single lump sum as soon as practicable following the date of termination.

Appears in 3 contracts

Samples: Employment Agreement (Vera Bradley, Inc.), Employment Agreement (Vera Bradley, Inc.), Employment Agreement (Vera Bradley, Inc.)

Termination by Executive Without Good Reason or by the Corporation for Cause. If, during In the Term, event the Employment Period as terminated by Executive terminates employment under Section 7(ipursuant to 8(i) hereof without Good Reason or by the Corporation terminates Executive’s employment under pursuant to Section 6(ii7(ii) hereof for Cause, Executive shall be entitled to no further compensation or other benefits under this Agreement except for as to that portion of any unpaid Base Salary and other benefits accrued, earned or vested up to and including the Accrued Amounts, payable in a single lump sum as soon as practicable following the effective date of such termination.

Appears in 3 contracts

Samples: Employment Agreement (Ipg Photonics Corp), Employment Agreement (Ipg Photonics Corp), Employment Agreement (Ipg Photonics Corp)

Termination by Executive Without Good Reason or by the Corporation for Cause. If, during In the Term, event the Employment Period is terminated by Executive terminates employment under pursuant to Section 7(i) hereof without Good Reason or by the Corporation terminates Executive’s employment under pursuant to Section 6(ii) hereof for Cause, Executive shall be entitled to no further compensation or other benefits under this Agreement except for the Accrued Amounts, payable in a single lump sum as soon as practicable following the date of termination.

Appears in 2 contracts

Samples: Employment Agreement (Ipg Photonics Corp), Employment Agreement (Ipg Photonics Corp)

Termination by Executive Without Good Reason or by the Corporation for Cause. If, during In the Term, event the Employment Period as terminated by Executive terminates employment under Section 7(ipursuant to 8(i) hereof without Good Reason or by the Corporation terminates Executive’s employment under pursuant to Section 6(ii) 7 hereof for Cause, Executive shall be entitled to no further compensation or other benefits under this Agreement except for as to that portion of any unpaid Base Salary and other benefits accrued, earned or vested up to and including the Accrued Amounts, payable in a single lump sum as soon as practicable following the effective date of such termination.

Appears in 1 contract

Samples: Employment Agreement (Ipg Photonics Corp)

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Termination by Executive Without Good Reason or by the Corporation for Cause. If, during the Term, Executive terminates employment under Section 7(i) hereof without Good Reason (which, to avoid doubt, shall include a Non-Renewal of the Term by Executive) or the Corporation terminates Executive’s employment under Section 6(ii) hereof for Cause, Executive shall be entitled to no further compensation or other benefits under this Agreement except for the Accrued Amounts, payable in a single lump sum as soon as practicable following the date of termination.

Appears in 1 contract

Samples: Employment Agreement (Ipg Photonics Corp)

Termination by Executive Without Good Reason or by the Corporation for Cause. If, during In the Term, event the Employment Period as terminated by Executive terminates employment under Section 7(ipursuant to 9(i) hereof without Good Reason or by the Corporation terminates Executive’s employment under pursuant to Section 6(ii8(ii) hereof for Cause, Executive shall be entitled to no further compensation or other benefits under this Agreement except for as to that portion of any unpaid Base Salary and other benefits accrued, earned or vested up to and including the Accrued Amounts, payable in a single lump sum as soon as practicable following the effective date of such termination.

Appears in 1 contract

Samples: Employment Agreement (Listerhill Total Maintenance Center LLC)

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