Common use of Termination by the Company for Good Reason Clause in Contracts

Termination by the Company for Good Reason. If Executive’s employment hereunder is terminated by the Company for Good Reason, the Company will pay Executive: (i) the Accrued Amounts (which amounts shall be paid at the same time such amounts would be paid pursuant to Section 4.3(a) hereof); (ii) the Accrued Bonus and the Pro-Rata Bonus, which amounts shall be paid at the same time it would otherwise be provided pursuant to Section 4.3(c) hereof; and (iii) an amount, payable in a lump sum in cash within sixty (60) days after the date of termination, equal to .50 times the Severance Amount. Any and all outstanding Equity Awards which have not vested shall immediately be forfeited by Executive upon a termination of Executive’s employment by the Company for Good Reason.

Appears in 5 contracts

Samples: Employment Agreement (Inland Real Estate Corp), Employment Agreement (Inland Real Estate Corp), Employment Agreement (Inland Real Estate Corp)

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