Common use of Termination for Cause, Death, Disability, or Resignation Clause in Contracts

Termination for Cause, Death, Disability, or Resignation. In the event that the employment of Employee is terminated for Cause, or is terminated as a result of death, Disability, or resignation without “Good Reason” as defined in this Agreement, Employee will be entitled to receive payment for all accrued but unpaid salary, accrued but unpaid bonus, if any, and vacation accrued as of the date of termination of Employee’s employment. Employee will not be entitled to any cash severance benefits or vesting of any stock options or other equity or cash awards.

Appears in 2 contracts

Samples: Employment Agreement (Asterias Biotherapeutics, Inc.), Employment Agreement (Asterias Biotherapeutics, Inc.)

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Termination for Cause, Death, Disability, or Resignation. In the event that the employment of Employee is terminated Employee's termination for Cause, or is terminated termination as a result of death, her death or Disability, or resignation without “Good Reason” as defined in this Agreementher resignation, Employee will be entitled to receive payment for all accrued but unpaid salary, accrued but unpaid bonus, if any, and vacation accrued as of the date of her termination of Employee’s employment. Employee will not be entitled to any cash severance benefits or additional vesting of any Company stock options or other equity or cash awards.

Appears in 2 contracts

Samples: Employment Agreement (OncoCyte Corp), Employment Agreement (OncoCyte Corp)

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Termination for Cause, Death, Disability, or Resignation. In the event that of the termination of Employee's employment of Employee is terminated by OncoCyte for Cause, or is terminated termination of Employee's employment as a result of death, Disability, or resignation without “Good Reason” as defined in this Agreementresignation, Employee will be entitled to receive payment for all accrued but unpaid salary, accrued but unpaid bonus, if anysalary actually earned prior to or as of the date of termination of Employee's employment, and vacation or paid time off accrued as of the date of termination of Employee’s 's employment. Employee will not be entitled to any cash severance benefits or additional vesting of any stock options or other equity or cash awards.

Appears in 1 contract

Samples: Employment Agreement (OncoCyte Corp)

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