Termination by the Company Without Cause or by Executive for Good Reason. If the Executive's employment with the Company shall be terminated by the Company without Cause or by the Executive for Good Reason (as defined in Section 5(c) without regard to whether a Change of Control has occurred) at any time prior to the Effective Date, then the Executive shall be entitled to each and all of the following: (i) the Company shall pay the Executive all Accrued Obligations; (ii) the Company shall continue to pay the Executive her Base Salary and an amount equal to the Average Annual Bonus divided by the number of payroll periods during the one year severance period for the period of one (1) year from the Date of Termination in accordance with its normal payroll practices and subject to applicable tax withholding; and (iii) provide the Executive and her family with the Welfare Benefit Continuation for a period of one (1) year from the Date of Termination.
Appears in 6 contracts
Samples: Change of Control Agreement (Hologic Inc), Change of Control Agreement (Hologic Inc), Change of Control Agreement (Hologic Inc)
Termination by the Company Without Cause or by Executive for Good Reason. If the Executive's employment with the Company shall be terminated by the Company without Cause or by the Executive for Good Reason (as defined in Section 5(c) without regard to whether a Change of Control has occurred) at any time prior to the Effective Date, then the Executive shall be entitled to each and all of the following:
(i) the Company shall pay the Executive all Accrued Obligations;
(ii) the Company shall continue to pay the Executive her his Base Salary and an amount equal to the Average Annual Bonus divided by the number of payroll periods during the one year severance period for the period of one (1) year from the Date of Termination in accordance with its normal payroll practices and subject to applicable tax withholding; and
(iii) provide the Executive and her his family with the Welfare Benefit Continuation for a period of one (1) year from the Date of Termination.
Appears in 5 contracts
Samples: Change of Control Agreement (Hologic Inc), Change of Control Agreement (Hologic Inc), Severance and Change of Control Agreement (Hologic Inc)
Termination by the Company Without Cause or by Executive for Good Reason. If the Executive's ’s employment with the Company shall be terminated by the Company without Cause or by the Executive for Good Reason (as defined in Section 5(c) without regard to whether a Change of Control has occurred) at any time prior to the Effective Date, then the Executive shall be entitled to each and all of the following:
(i) the Company shall pay the Executive all Accrued Obligations;
(ii) the Company shall continue to pay the Executive her Base Salary and an amount equal to the Average Annual Bonus divided by the number of payroll periods during the one year severance period for the period of one (1) year from the Date of Termination in accordance with its normal payroll practices and subject to applicable tax withholding; and
(iii) provide the Executive and her family with the Welfare Benefit Continuation for a period of one (1) year from the Date of Termination.
Appears in 2 contracts
Samples: Change of Control Agreement, Severance and Change of Control Agreement (Hologic Inc)
Termination by the Company Without Cause or by Executive for Good Reason. If the Executive's ’s employment with the Company shall be terminated by the Company without Cause or by the Executive for Good Reason (as defined in Section 5(c) without regard to whether a Change of Control has occurred) at any time prior to the Effective Date, then the Executive shall be entitled to each and all of the following:
(i) the Company shall pay the Executive all Accrued Obligations;
(ii) the Company shall continue to pay the Executive her his Base Salary and an amount equal to the Average Annual Bonus divided by the number of payroll periods during the one year severance period for the period of one (1) year from the Date of Termination in accordance with its normal payroll practices and subject to applicable tax withholding; and
(iii) provide the Executive and her his family with the Welfare Benefit Continuation for a period of one (1) year from the Date of Termination.
Appears in 2 contracts
Samples: Change of Control Agreement (Hologic Inc), Change of Control Agreement (Hologic Inc)
Termination by the Company Without Cause or by Executive for Good Reason. If the Executive's employment with the Company shall be terminated by the Company without Cause or by the Executive for Good Reason (as defined in Section 5(c) without regard to whether a Change of Control has occurred) at any time prior to the Effective Date, then the Executive shall be entitled to each and all of the following:
(i) 1. the Company shall pay the Executive all Accrued Obligations;
(ii) 2. the Company shall continue to pay the Executive her his Base Salary and an amount equal to the Average Annual Bonus divided by the number of payroll periods during the one year severance period for the period of one (1) year from the Date of Termination in accordance with its normal payroll practices and subject to applicable tax withholding; and
(iii) 3. provide the Executive and her his family with the Welfare Benefit Continuation for a period of one (1) year from the Date of Termination.
Appears in 1 contract
Samples: Severance and Change of Control Agreement (Hologic Inc)
Termination by the Company Without Cause or by Executive for Good Reason. If the Executive's ’s employment with the Company shall be terminated by the Company without Cause or by the Executive for Good Reason (as defined in Section 5(c) without regard to whether a Change of Control has occurred) at any time prior to the Effective Date, then the Executive shall be entitled to each and all of the following:
(i) the Company shall pay the Executive all Accrued Obligations;
(ii) the Company shall continue to pay the Executive her his Base Salary and an amount equal to the Average Annual Bonus divided by the number of payroll periods during the one year severance period for the period of one (1) year from the Date of Termination in accordance with its normal payroll practices and subject to applicable tax withholding; and
(iii) provide the Executive and her his family with the Welfare Benefit Continuation for a period of one (1) year from the Date of Termination.
Appears in 1 contract