Common use of Termination for Cause, Death or Disability; Voluntary Resignation without Good Reason Clause in Contracts

Termination for Cause, Death or Disability; Voluntary Resignation without Good Reason. If Executive’s employment with the Company terminates voluntarily by Executive for any reason (except upon resignation for Good Reason), for Cause by the Company or due to Executive’s death or disability, then (i) all vesting will terminate immediately with respect to Executive’s outstanding equity awards, (ii) all payments of compensation by the Company to Executive hereunder will terminate immediately (except as to amounts already earned), and (iii) Executive will only be eligible for severance benefits in accordance with the Company’s established policies, if any, as then in effect and subject to any conditions set forth by the Company as to the receipt of such severance benefits.

Appears in 6 contracts

Samples: Executive Employment Agreement (Viracta Therapeutics, Inc.), Executive Employment Agreement (Viracta Therapeutics, Inc.), Employment Agreement (Viracta Therapeutics, Inc.)

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Termination for Cause, Death or Disability; Voluntary Resignation without Good Reason. If Executive’s employment with the Company terminates voluntarily by Executive for any reason (except upon resignation for Good Reason), for Cause by the Company or due to Executive’s death or disability, then (i) all vesting will terminate immediately with respect to Executive’s outstanding equity awards, (ii) all payments of compensation by the Company to Executive hereunder will terminate immediately (except as to amounts already earned), and (iii) Executive will only be eligible for severance benefits in accordance with the Company’s established policies, if any, as then in effect and subject to any conditions set forth by the Company as to the receipt of such severance benefits.

Appears in 2 contracts

Samples: Executive Employment Agreement (Viracta Therapeutics, Inc.), Executive Employment Agreement (Viracta Therapeutics, Inc.)

Termination for Cause, Death or Disability; Voluntary Resignation without Good Reason. If Executive’s employment with the Company terminates voluntarily by Executive for any reason (except upon resignation for Good Reason), for Cause by the Company or due to Executive’s death or disability, then (i) all vesting will terminate immediately with respect to Executive’s outstanding equity awards, (ii) all payments of compensation by the Company to Executive hereunder will terminate immediately (except as to amounts already earned), and (iii) Executive will only be eligible for severance benefits in accordance with the Company’s established policies, if any, as then in effect and subject to any conditions set forth by the Company as to the receipt of such severance benefitseffect.

Appears in 2 contracts

Samples: Executive Employment Agreement (Sunesis Pharmaceuticals Inc), Executive Employment Agreement (Sunesis Pharmaceuticals Inc)

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Termination for Cause, Death or Disability; Voluntary Resignation without Good Reason. If Executive’s employment with the Company terminates voluntarily by Executive for any reason (except upon resignation for Good Reason), for Cause by the Company Company, or due to Executive’s death or disabilityComplete Disability, then (ia) all vesting will terminate immediately with respect to Executive’s outstanding equity awards, (iib) all payments of compensation by the Company to Executive hereunder will terminate immediately (except as to amounts already earned), and (iiic) Executive will only be eligible for severance benefits in accordance with the Company’s established policies, if any, as then in effect and subject to any conditions set forth by the Company as to the receipt of such severance benefitseffect.

Appears in 1 contract

Samples: Executive Employment Agreement (Digirad Corp)

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