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

Termination by the Company Without Cause or by Executive for Good Reason. If Executive’s employment is terminated by the Company without Cause (other than on account of Executive’s Disability or death) or by Executive for Good Reason, then, subject to Section 14(e), the Company shall pay Executive: (i) the Accrued Compensation; (ii) the Pro-Rata Bonus; (iii) in lieu of any further Base Salary or other compensation and benefits for periods subsequent to the termination date, an amount in cash, which amount shall be payable in a lump sum payment within sixty (60) days following such termination (subject to Section 9(c)), equal to two (2) times the sum of (A) Executive’s Base Salary and (B) the Target Bonus; and (iv) the Benefits Continuation.

Appears in 11 contracts

Samples: Executive Employment Agreement (Endo, Inc.), Executive Employment Agreement (Endo, Inc.), Executive Employment Agreement (Endo, Inc.)

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Termination by the Company Without Cause or by Executive for Good Reason. If Executive’s employment is terminated by the Company without Cause (other than on account of Executive’s Disability or death) or by Executive for Good Reason, then, subject to Section 14(e14(f), the Company shall pay Executive: (i) the Accrued Compensation; (ii) the Pro-Rata Bonus; (iii) in lieu of any further Base Salary or other compensation and benefits for periods subsequent to the termination date, an amount in cash, which amount shall be payable in a lump sum payment within sixty (60) days following such termination (subject to Section 9(c)), equal to two (2) times the sum of (A) Executive’s Base Salary and (B) the Target Bonus; and (iv) the Benefits Continuation.

Appears in 1 contract

Samples: Executive Employment Agreement (Endo International PLC)

Termination by the Company Without Cause or by Executive for Good Reason. If Executive’s 's employment is terminated by the Company without Cause (other than on account of Executive’s 's Disability or death) or by Executive for Good Reason, then, subject to Section 14(e), the Company shall pay Executive: (i) the Accrued Compensation; (ii) the Pro-Rata Bonus; (iii) in lieu of any further Base Salary or other compensation and benefits for periods subsequent to the termination date, an amount in cash, which amount shall be payable in a lump sum payment within sixty (60) days following such termination (subject to Section 9(c)), equal to two (2) times the sum of (A) Executive’s 's Base Salary and (B) the Target Bonus; and (iv) the Benefits Continuation.

Appears in 1 contract

Samples: Executive Employment Agreement (Endo International PLC)

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Termination by the Company Without Cause or by Executive for Good Reason. If Executive’s employment is terminated by the Company without Cause (other than on account of Executive’s Disability or death) or by Executive for Good Reason, then, subject to Section 14(e), the Company shall pay Executive: (i) the Accrued Compensation; (ii) the Pro-Rata Bonus; (iii) in lieu of any further Base Salary or other compensation and benefits for periods subsequent to the termination date, an amount in cash, which amount shall be payable in a lump sum payment within sixty (60) days following such termination (subject to Section 9(c)), equal to two (2) times the sum of (A) Executive’s Base Salary and (B) the Target Bonus; and (iv) the Benefits Continuation; and (v) if the termination date is on or after the Grant Date, accelerated vesting and non-forfeitability, as of the termination date, of the Initial LTI.

Appears in 1 contract

Samples: Executive Employment Agreement (Endo International PLC)

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