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 during the Employment Period the Executive’s employment shall be terminated by the Company for Cause or by the Executive for other than Good Reason, this Agreement shall terminate without further obligation on the part of the Company to the Executive, other than the Company’s obligation to pay the Executive (a) the Annual Base Salary through the Date of Termination, (b) the amount of any compensation previously deferred by the Executive in accordance with the terms of the Company’s deferred compensation program, and (c) any accrued vacation pay that would be payable under the Company’s standard policy, in each case to the extent theretofore unpaid.

Appears in 15 contracts

Samples: Change of Control Agreement (Poniard Pharmaceuticals, Inc.), Change of Control Agreement (Poniard Pharmaceuticals, Inc.), Change of Control Agreement (Poniard Pharmaceuticals, Inc.)

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Termination for Cause or Other Than for Good Reason. If during the Employment Period the Executive’s Employee's employment shall be terminated by the Company for Cause or by the Executive Employee for other than Good Reason, this Agreement shall terminate without further obligation on the part of the Company to the ExecutiveEmployee, other than the Company’s 's obligation to pay the Executive Employee (a) the his Annual Base Salary through the Date of Termination, (b) the amount of any compensation previously deferred by the Executive in accordance with the terms of the Company’s deferred compensation programEmployee, and (c) any accrued vacation pay that which would be payable under the Company’s 's standard policy, in each case to the extent theretofore unpaid.

Appears in 4 contracts

Samples: Employment Agreement (Wall Data Inc), Employment Agreement (Wall Data Inc), Employment Agreement (Wall Data Inc)

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