Termination for Cause, or Other Than for Good Reason or Retirement. Following a Change in Control of the Company, if the Executive's employment is terminated either: (a) by the Company for Cause; or (b) by the Executive (other than for Retirement) and other than for Good Reason, the Company shall pay the Executive [his/her] full Base Salary and accrued vacation through the Effective Date of Termination, at the rate then in effect, plus all other amounts to which the Executive is entitled under any compensation plans of the Company, at the time such payments are due, and the Company shall have no further obligations to the Executive under this Agreement.
Appears in 3 contracts
Samples: Executive Severance Agreement (Old Kent Financial Corp /Mi/), Executive Severance Agreement (Old Kent Financial Corp /Mi/), Executive Severance Agreement (Old Kent Financial Corp /Mi/)
Termination for Cause, or Other Than for Good Reason or Retirement. Following a Change in Control of the CompanyControl, if the Executive's employment is terminated either: (a) by the Company for Cause; or (b) by the Executive (other than for Retirement) , death or disability and other than for Good Reason, the Company shall pay the Executive [his/her] his full Base Salary and accrued vacation through the Effective Date of Termination, at the rate then in effect, plus all other amounts to which the Executive is entitled under any compensation plans of the Company, at the time such payments are due, and the Company shall have no further obligations to the Executive under this Agreement.
Appears in 2 contracts
Samples: Severance Agreement (Donnelly Corp), Severance Agreement (Donnelly Corp)
Termination for Cause, or Other Than for Good Reason or Retirement. Following a Change in Control of the Company, if the Executive's employment is terminated either: (a) by the Company for Cause; or (b) by the Executive (other than for Retirement) and other than for , Good Reason, or under circumstances giving rise to a Qualifying Termination described in Section 3.2(c) herein), the Company shall pay the Executive [his/her] her full Base Salary and accrued vacation through the Effective Date of Termination, at the rate then in effect, plus all other amounts to which the Executive is entitled under any compensation plans of the Company, at the time such payments are due, and the Company shall have no further obligations to the Executive under this Agreement.
Appears in 1 contract
Termination for Cause, or Other Than for Good Reason or Retirement. Following a Change in Control of the Company, if the Executive's employment is terminated either: (a) by the Company for Cause; or (b) by the Executive (other than for Retirement) and other than for , Good Reason, or under circumstances giving rise to a Qualifying Termination described in Section 3.2(c) herein), the Company shall pay the Executive [his/her] his full Base Salary and accrued vacation through the Effective Date of Termination, at the rate then in effect, plus all other amounts to which the Executive is entitled under any compensation plans of the Company, at the time such payments are due, and the Company shall have no further obligations to the Executive under this Agreement.
Appears in 1 contract
Samples: Charming Shoppes Inc