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

Termination by the Employee for Good Reason. If the Employee terminates this Agreement for good reason, the Employer will (i) pay (A) monthly to the Employee the Employee's Salary for the remainder of the Employment Period or eighteen (18) months, whichever is longer, and (B) the Employee's Incentive Compensation for the Fiscal Year during which the termination is effective, prorated through the date of termination, provided that the applicable Performance Targets are met, and (ii) continue to provide the Employee with the Benefits for the remainder of the Employment Period or eighteen (18) months, whichever is longer.

Appears in 4 contracts

Samples: Employment Agreement (Endo Pharmaceuticals Holdings Inc), Employment Agreement (Endo Pharmaceuticals Holdings Inc), Employment Agreement (Endo Pharmaceuticals Holdings Inc)

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Termination by the Employee for Good Reason. If the Employee terminates this Agreement for good reason, the Employer will (i) pay (A) monthly to the Employee the Employee's Salary for the remainder of the Employment Period or eighteen twelve (1812) months, whichever is longer, and (B) the Employee's Incentive Compensation for the Fiscal Year during which the termination is effective, prorated through the date of termination, provided that the applicable Performance Targets are met, and (ii) continue to provide the Employee with the Benefits for the remainder of the Employment Period or eighteen twelve (1812) months, whichever is longer.

Appears in 2 contracts

Samples: Employment Agreement (Endo Pharmaceuticals Holdings Inc), Employment Agreement (Endo Pharmaceuticals Holdings Inc)

Termination by the Employee for Good Reason. If the Employee ------------------------------------------- terminates this Agreement for good reason, the Employer will (i) pay (A) monthly to the Employee the Employee's Salary for the remainder of the Employment Period or eighteen (18) months, whichever is longer, and (B) the Employee's Incentive Compensation for the Fiscal Year during which the termination is effective, prorated through the date of termination, provided that the applicable Performance Targets are met, and (ii) continue to provide the Employee with the Benefits for the remainder of the Employment Period or eighteen (18) months, whichever is longer.

Appears in 2 contracts

Samples: Employment Agreement (Endo Pharmaceuticals Holdings Inc), Employment Agreement (Endo Pharmaceuticals Holdings Inc)

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Termination by the Employee for Good Reason. If the Employee terminates this Agreement for good reasonreason (except as otherwise provided in Section 6.5(e)), the Employer will (i) pay (A) monthly to the Employee the Employee's ’s Salary for the remainder of the Employment Period or eighteen (18) months, whichever is longer, and (B) the Employee's ’s Incentive Compensation for the Fiscal Year during which the termination is effective, prorated through the date of termination, provided that the applicable Performance Targets are met, and (ii) continue to provide the Employee with the Benefits for the remainder of the Employment Period or eighteen (18) months, whichever is longer.

Appears in 1 contract

Samples: Employment Agreement (Endo Pharmaceuticals Holdings Inc)

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