Termination by the Company With Cause or by the Executive Without Good Reason Sample Clauses

Termination by the Company With Cause or by the Executive Without Good Reason. If the Executive’s employment is terminated by the Company with Cause or if the Executive resigns without Good Reason, then, through the Executive’s Termination Date, the Executive will be entitled to receive the Accrued Benefits.
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Termination by the Company With Cause or by the Executive Without Good Reason. If the Company terminates the Executive’s engagement for Cause or the Executive terminates his engagement without Good Reason, then (a) the Company shall pay to the Executive, on the date of termination of engagement, the Executive’s salary and earned bonus and unreimbursed business expenses up to the date of termination of engagement, and (b) the Executive shall not receive any severance pay.
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Termination by the Company With Cause or by the Executive Without Good Reason. If the Executive’s employment hereunder is terminated by the Company with Cause or by the Executive without Good Reason, then all obligations of the Company hereunder shall cease, except that the Executive shall be entitled to (i) accrued Base Salary through and including the Date of Termination, (ii) reimbursement for any expenses which are properly incurred by the Executive prior to the Date of Termination, but for which the Executive has not yet been reimbursed by the Company (“Unreimbursed Expenses”), (iii) a cash payment equal to the pro rata portion of the Executive’s Base Salary for any vacation days accrued and unused in the calendar year in which the Date of Termination occurs (“Accrued Vacation”) and (iv) the Employee Benefits to which the Executive was entitled as of the Date of Termination in accordance with the terms of the plans and programs of the Company under which such Employee Benefits are provided. The vesting, ability to exercise and termination of the Executive’s Equity Incentive Awards shall be determined in accordance with the terms of the Stock Option Plan and the incentive award agreements governing such Equity Incentive Awards. The Company shall have no additional obligations to the Executive under this Agreement except to the extent provided in this Section 8(a) and Section 17 hereof.
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Termination by the Company With Cause or by the Executive Without Good Reason. In the event of (x) a termination for Cause or (y) the Executive’s resignation without Good Reason, the Company shall pay the Accrued Amounts to the Executive in a lump sum within 30 days following such termination or resignation and the Executive shall not be entitled to receive any severance or separation pay or other compensation based payments. Treatment of the Incentive Award in any such case shall be as set forth in the Executive’s award agreement.
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Termination by the Company With Cause or by the Executive Without Good Reason. The Executive shall have no right to receive compensation or other benefits from the Company for any period after termination for cause by the Company or termination by the Executive other than termination with Good Reason, except for any vested retirement benefits to which the Executive may be entitled under any qualified employee pension plan maintained by the Company and any deferred compensation to which the Executive may be entitled.
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Related to Termination by the Company With Cause or by the Executive Without Good Reason

  • Termination by the Company Without Cause or by Executive for Good Reason Except as provided in Section 6(f) below, upon a termination of Executive’s employment by the Company without Cause or by Executive for Good Reason, Executive shall be entitled to receive the Accrued Benefits and, subject to Executive’s execution and non-revocation of the release described in Section 6(g) and Executive’s compliance with Executive’s obligations under Section 8, the following severance payments and benefits (collectively, the “Severance Benefits”): (i) an amount equal to nine (9) months of Executive’s Base Salary at the rate in effect on the date of termination, payable in substantially equal installments in accordance with the Company’s normal payroll practices over the nine (9) month period following Executive’s termination date, commencing on the first payroll date that occurs on or after the Release Effective Date (as defined below), provided that the initial payment will include a catch-up payment to cover the period between Executive’s termination date and the date of such first payment and the remaining amounts shall be paid over the remainder of such nine (9) month period; (ii) provided Executive and his eligible dependents timely and properly elect to continue health care coverage under the Consolidated Omnibus Reconciliation Act of 1985 (“COBRA”), continued participation by Executive and Executive’s eligible dependents in the standard group medical, dental and vision plans of the Company as in effect from time to time, on substantially the same terms and conditions as such benefits are provided to employees during the applicable period, and reimbursement by the Company of the monthly COBRA premium paid by Executive for him and his eligible dependents for nine (9) months or, if earlier, until the date Executive is no longer eligible to receive COBRA continuation coverage; provided, however, in the event the Company determines that such provisions would subject Executive to taxation under Section 105(h) of the Internal Revenue Code of 1986, as amended (the “Code”), or otherwise violate any healthcare law or regulation, then, in lieu of reimbursing Executive, the Company shall pay to Executive an amount equal to the amount Executive would be required to pay for continuation of group health coverage for Executive and his eligible dependents through an election under COBRA for nine (9) months, which amount shall be paid in a lump sum at the same time payments under Section 5(e)(i) commence and is intended to assist Executive with costs of health coverage, which Executive may (but is not required to) obtain through an election to continue health care coverage under COBRA; and

  • Termination by the Company Without Cause The Company may terminate the Executive’s employment hereunder at any time without Cause. Any termination by the Company of the Executive’s employment under this Agreement which does not constitute a termination for Cause under Section 3(c) and does not result from the death or disability of the Executive under Section 3(a) or (b) shall be deemed a termination without Cause.

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