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

Termination for Cause or Other Than for Good Reason. 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 Good Reason, or under circumstances giving rise to a Qualifying Termination described in Section 3.2(c) herein), the Company will pay the Executive an amount equal to the Executive’s 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 plans of the Company, at the time such payments are due and the Company will have no further obligations to the Executive under this Agreement. If the Executive’s employment is terminated for Cause or Other Than for Good Reason, the Executive is not entitled to the Severance Benefits described in Section 3.3.

Appears in 2 contracts

Samples: Change in Control Executive Severance Agreement (John Bean Technologies CORP), Change in Control Executive Severance Agreement (John Bean Technologies CORP)

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Termination for Cause or Other Than for Good Reason. 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 Good Reason, or under circumstances giving rise to a Qualifying Termination described in Section 3.2(c) herein), the Company will pay the Executive an amount equal to the Executive’s 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 plans of the Company, at the time such payments are due and the Company will have no further obligations to the Executive under this Agreement. If the Executive’s employment is terminated for Cause or Other Than for Good Reason, the Executive is not entitled to the Severance Benefits described in Section 3.3.is

Appears in 2 contracts

Samples: Change in Control Executive Severance Agreement (John Bean Technologies CORP), Change in Control Executive Severance Agreement (John Bean Technologies CORP)

Termination for Cause or Other Than for Good Reason. Following a Change in Control of the Company, if the Executive's ’s employment is terminated either: either (a) by the Company for Cause; 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 will shall pay the Executive an amount equal to the Executive’s his full 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 due, and the Company will shall have no further obligations to the Executive under this Agreement. If the Executive’s employment is terminated for Cause or Other Than for Good Reason, the Executive is not entitled to the Severance Benefits described in Section 3.3.

Appears in 1 contract

Samples: Change in Control Agreement (Deere & Co)

Termination for Cause or Other Than for Good Reason. 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 Good Reason, or under circumstances giving rise to a Qualifying Termination described in Section 3.2(c) herein), the Company will pay the Executive an amount equal to the Executive’s 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 plans of the Company, at the time such payments are due and the Company will have no further obligations to the Executive under this Agreement. If the Executive’s employment is terminated for Cause or Other Than for Good Reason, the Executive is not entitled to the Severance Benefits described in Section 3.3.

Appears in 1 contract

Samples: Executive Severance Agreement (John Bean Technologies CORP)

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Termination for Cause or Other Than for Good Reason. Following a Change in Control of the Company, if the Executive's ’s employment is terminated 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 will pay the Executive an amount equal to the Executive’s 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 plans of the Company, at the time such payments are due and the Company will have no further obligations to the Executive under this Agreement. If the Executive’s employment is terminated for Cause or Other Than for Good Reason, the Executive is not entitled to the Severance Benefits described in Section 3.3.

Appears in 1 contract

Samples: Executive Severance Agreement (John Bean Technologies CORP)

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