Common use of Termination for Cause or Other Than for Good Reason Clause in Contracts

Termination for Cause or Other Than for Good Reason. If the Executive's employment is terminated following a Change in Control, or prior to a Change in Control as described in Section 3.2(a) either: (a) by the Company for cause; or (b) by the Executive (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 full base salary and accrued vacation through the Effective Date of Termination, plus all other amounts to which the Executive is entitled under any compensation and benefit 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 Change in Control Severance Agreement (Mitchell Energy & Development Corp), Executive Change in Control Severance Agreement (Mitchell Energy & Development Corp), Executive Change in Control Severance Agreement (Mitchell Energy & Development Corp)

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Termination for Cause or Other Than for Good Reason. If the Executive's employment is terminated following Following a Change in Control, or prior to a Change in Control as described in Section 3.2(a) if the Executive’s employment is terminated either: (a) by the Company for causeCause; or (b) by the Executive (other than for death or Disability 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 full base salary 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 and benefit 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 (Applied Films Corp), Severance Agreement (Applied Films Corp)

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Termination for Cause or Other Than for Good Reason. If Following a Change in Control of the Company, if the Executive's employment is terminated following a Change in Control, or prior to a Change in Control as described in Section 3.2(a) either: either (a) by the Company for causeCause; or (b) by the Executive (other than for Good Reason, Reason or under circumstances giving rise to a Qualifying Termination described in Section 3.2(c) herein), the Company shall pay the Executive his full base salary Base Salary and accrued vacation through the Effective Date date of Terminationtermination, at the rate then in effect, plus all other amounts to which the Executive is entitled under any compensation and benefit 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: Severance Protection Agreement (Deere & Co)

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