Common use of Termination By the Employer For Cause or By Executive Without Good Reason Clause in Contracts

Termination By the Employer For Cause or By Executive Without Good Reason. If, during the Employment Period, the Employer terminates Executive’s employment for Cause pursuant to Section 9(a)(ii)(B) or Executive terminates his employment without Good Reason, the Employer shall pay to Executive Executive’s Base Salary due through the Date of Termination and all Accrued Benefits, if any, to which Executive is entitled as of the Date of Termination, at the time such payments are due, and Executive’s rights with respect to equity or equity-related awards shall be governed by the applicable terms of the related plan or award agreement.

Appears in 3 contracts

Samples: Employment Agreement (TUTOR PERINI Corp), Employment Agreement (Perini Corp), Employment Agreement (Perini Corp)

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Termination By the Employer For Cause or By Executive Without Good Reason. If, during the Employment Period, the Employer terminates Executive’s employment for Cause pursuant to Section 9(a)(ii)(B) or Executive terminates his employment without Good Reason, the Employer shall pay to Executive Executive’s Base Salary due through the Date of Termination and all Accrued Benefits, if any, to which Executive is entitled as of the Date of Termination, at the time such payments are due, and Executive’s rights with respect to equity or equity-related awards shall be governed by the applicable terms of the related plan or award agreement.

Appears in 2 contracts

Samples: Employment Agreement (Tutor Perini Corp), Employment Agreement (TUTOR PERINI Corp)

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