Common use of Termination for Cause, by Executive without Good Reason or due to Executive’s death or Disability Clause in Contracts

Termination for Cause, by Executive without Good Reason or due to Executive’s death or Disability. If Executive’s employment is terminated for Cause, Disability or death, or Executive terminates employment other than for Good Reason, then the D&P Entities shall have no further obligation, to provide any remuneration, accruals, or other benefits to Executive, other than the obligation of D&P, LLC to pay to Executive, to the extent not theretofore paid or provided, in a cash lump sum payment within thirty (30) days after such Date of Termination equal to the Annual Salary through the applicable Date of Termination, or as required by law, provided that if Executive’s employment is terminated for Disability or death, (i) Executive shall receive a pro rata share of any Annual Bonus to which Executive may be entitled until the related Date of Termination, (ii) Executive shall receive any unvested portion of any Class A Award or any Additional Class A Award (but not any Matching Award), and (iii) any unvested equity awarded to Executive prior to the date of this Employment Agreement shall become vested.

Appears in 10 contracts

Samples: Employment Agreement (Duff & Phelps CORP), Employment Agreement (Duff & Phelps CORP), Employment Agreement (Duff & Phelps CORP)

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