Common use of Termination by the Company for Cause or by Executive other than for Good Reason Clause in Contracts

Termination by the Company for Cause or by Executive other than for Good Reason. At any time during the Term, the Company may terminate Executive’s employment under this Agreement for “Cause” (as hereinafter defined), or Executive may terminate his employment with the Company other than for “Good Reason” (as hereinafter defined), after which the Company shall pay to the Executive the amount of his accrued but unpaid Base Salary and any unreimbursed reasonable expenses incurred in the performance of Executive’s duties in accordance with the Company’s policies, in each case accrued through such termination date (collectively, the “Accrued Obligations”). Except as set forth in the preceding sentence, the Company shall have no further obligation hereunder to Executive.

Appears in 5 contracts

Samples: Employment Agreement (Fremont General Corp), Employment Agreement (Fremont General Corp), Employment Agreement (Fremont General Corp)

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Termination by the Company for Cause or by Executive other than for Good Reason. At any time during the Term, the Company may terminate Executive’s employment under this Agreement for “Cause” (as hereinafter defined), or Executive may terminate his her employment with the Company other than for “Good Reason” (as hereinafter defined), after which the Company shall pay to the Executive the amount of his her accrued but unpaid Base Salary and any unreimbursed reasonable expenses incurred in the performance of Executive’s duties in accordance with the Company’s policies, in each case accrued through such termination date (collectively, the “Accrued Obligations”). Except as set forth in the preceding sentence, the Company shall have no further obligation hereunder to Executive.

Appears in 1 contract

Samples: Employment Agreement (Fremont General Corp)

Termination by the Company for Cause or by Executive other than for Good Reason. At any time during the Term, the Company may terminate Executive’s employment under this Agreement for “Cause” (as hereinafter defined), or Executive may terminate his employment with the Company other than for “Good Reason” (as hereinafter defined), after which the Company Executive shall pay be entitled to the Executive the payment of any amount of his accrued but unpaid Base Salary and any unreimbursed reasonable expenses incurred in the performance of Executive’s Executives' duties in accordance with the Company’s 's policies, in each case accrued through such termination date (collectively, the “Accrued Obligations”)date. Except as set forth in the preceding sentence, the Company shall have no further obligation hereunder to Executive.

Appears in 1 contract

Samples: Employment Agreement (Direct General Corp)

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Termination by the Company for Cause or by Executive other than for Good Reason. At any time during the Term, the Company may terminate Executive’s employment under this Agreement for “Cause” (as hereinafter defined), or Executive may terminate his her employment with the Company other than for “Good Reason” (as hereinafter defined), after which the Company Executive shall pay be entitled to the Executive the payment of any amount of his accrued but unpaid Base Salary and any unreimbursed reasonable expenses incurred in the performance of Executive’s Executives' duties in accordance with the Company’s 's policies, in each case accrued through such termination date (collectively, the “Accrued Obligations”)date. Except as set forth in the preceding sentence, the Company shall have no further obligation hereunder to Executive.

Appears in 1 contract

Samples: Employment Agreement (Direct General Corp)

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