Common use of Termination for Cause or Resignation of Executive Without Good Reason Clause in Contracts

Termination for Cause or Resignation of Executive Without Good Reason. If Executive is terminated by the Company for Cause or if Executive resigns or otherwise terminates without Good Reason, no AICP bonus for the calendar year of his Date of Termination will be paid, all other benefits and rights, including Equity-Based Awards shall be determined under the then governing plans and award agreements, and his unpaid Base Annual Salary shall be paid through to the Date of Termination in accordance with the Company’s normal payroll practices. Any unpaid AICP bonus for a calendar year preceding the calendar year of Executive’s Date of Termination shall be paid in accordance with the terms of the applicable AICP and when the AICP bonus for other participants is paid but in no event later than March 15th of the calendar year following the end of the calendar year of the applicable AICP bonus. Executive shall be reimbursed for all expenses incurred and in accordance with Section 5(e); Executive shall be paid all accrued unused vacation in accordance with the Company’s vacation policy, as amended from time to time, and Executive shall be entitled to all benefits under Section 5(d) subject to the terms and conditions of the applicable plan documents and arrangements, as amended from time to time.

Appears in 8 contracts

Samples: Employment Agreement (Helix Energy Solutions Group Inc), Employment Agreement (Helix Energy Solutions Group Inc), Employment Agreement (Helix Energy Solutions Group Inc)

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Termination for Cause or Resignation of Executive Without Good Reason. If Executive is terminated by the Company for Cause or if Executive resigns or otherwise terminates without Good Reason, no AICP STIP bonus for the calendar year of his Date of Termination will be paid, all other benefits and rights, including Equity-Based Awards shall be determined under the then governing plans and award agreements, and his unpaid Base Annual Salary shall be paid through to the Date of Termination in accordance with the Company’s normal payroll practices. Any unpaid AICP STIP bonus for a calendar year preceding the calendar year of Executive’s Date of Termination shall be paid in accordance with the terms of the applicable AICP STIP and when the AICP STIP bonus for other participants is paid but in no event later than March 15th of the calendar year following the end of the calendar year of the applicable AICP STIP bonus. Executive shall be reimbursed for all expenses incurred and in accordance with Section 5(e5(f); Executive shall be paid all accrued unused vacation in accordance with the Company’s vacation policy, as amended from time to time, time and Executive shall be entitled to all benefits under Section 5(d5(e) subject to the terms and conditions of the applicable plan documents and arrangements, as amended from time to time.

Appears in 4 contracts

Samples: Employment Agreement (Tesco Corp), Employment Agreement (Tesco Corp), Employment Agreement (Tesco Corp)

Termination for Cause or Resignation of Executive Without Good Reason. If Executive is terminated by the Company for Cause or if Executive resigns or otherwise terminates without Good Reason, no AICP STIP bonus for the calendar year of his Date of Termination will be paid, all other benefits and rights, including Equity-Based Awards shall be determined under the then governing plans and award agreements, and his unpaid Base Annual Salary shall be paid through to the Date of Termination in accordance with the Company’s 's normal payroll practices. Any unpaid AICP STIP bonus for a calendar year preceding the calendar year of Executive’s 's Date of Termination shall be paid in accordance with the terms of the applicable AICP STIP and when the AICP STIP bonus for other participants is paid but in no event later than March 15th of the calendar year following the end of the calendar year of the applicable AICP STIP bonus. Executive shall be reimbursed for all expenses incurred and in accordance with Section 5(e5(f); Executive shall be paid all accrued unused vacation in accordance with the Company’s 's vacation policy, as amended from time to time, time and Executive shall be entitled to all benefits under Section 5(d5(e) subject to the terms and conditions of the applicable plan documents and arrangements, as amended from time to time.

Appears in 2 contracts

Samples: Employment Agreement (Tesco Corp), Employment Agreement (Tesco Corp)

Termination for Cause or Resignation of Executive Without Good Reason. If Executive is terminated by the Company for Cause or if Executive resigns or otherwise terminates without Good Reason, no AICP STIP bonus for the calendar year of his Date of Termination will be paid, all other benefits and rights, including Equity-Based Awards shall be determined under the then governing plans and award agreements, and his unpaid Base Annual Salary shall be paid through to the Date of Termination in accordance with the Company’s 's normal payroll practices. Any unpaid AICP STIP bonus for a calendar year preceding the calendar year of Executive’s 's Date of Termination shall be paid in accordance with the terms of the applicable AICP STIP and when the AICP STIP bonus for other participants is paid but in no event later than March 15th of the calendar year following the end of the calendar year of the applicable AICP STIP bonus. Executive shall be reimbursed for all expenses incurred and in accordance with Section 5(e5(f); Executive shall be paid all accrued unused vacation in accordance with the Company’s 's vacation policy, as amended from time to time, time and Executive shall be entitled to all benefits under Section 5(d5(e) subject to the terms and conditions of the applicable plan documents and arrangements, as amended from time to time.

Appears in 2 contracts

Samples: Employment Agreement (Tesco Corp), Employment Agreement (Tesco Corp)

Termination for Cause or Resignation of Executive Without Good Reason. If Executive is terminated by the Company for Cause or if Executive resigns or otherwise terminates without Good Reason, no AICP bonus for the calendar year of his Date of Termination will be paid, all other benefits and rights, including Equity-Based Awards shall be determined under the then governing plans and award agreements, and his unpaid Base Annual Salary shall be paid through to the Date of Termination in accordance with the Company’s normal payroll practices. Any unpaid AICP bonus for a calendar year preceding the calendar year of Executive’s Date of Termination shall be paid in accordance with the terms of the applicable AICP and when the AICP bonus for other participants is paid but in no event later than March 15th of the calendar year following the end of the calendar year of the applicable AICP bonus. Executive shall be reimbursed for all expenses incurred and in accordance with Section 5(e5(h); Executive shall be paid all accrued unused vacation in accordance with the Company’s vacation policy, as amended from time to time, and Executive shall be entitled to all benefits under Section 5(d5(g) subject to the terms and conditions of the applicable plan documents and arrangements, as amended from time to time.

Appears in 1 contract

Samples: Employment Agreement (Helix Energy Solutions Group Inc)

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Termination for Cause or Resignation of Executive Without Good Reason. If Executive is terminated by the Company for Cause or if Executive resigns or otherwise terminates without Good Reason, no AICP bonus for the calendar year of his her Date of Termination will be paid, all other benefits and rights, including Equity-Based Awards shall be determined under the then governing plans and award agreements, and his her unpaid Base Annual Salary shall be paid through to the Date of Termination in accordance with the Company’s normal payroll practices. Any unpaid AICP bonus for a calendar year preceding the calendar year of Executive’s Date of Termination shall be paid in accordance with the terms of the applicable AICP and when the AICP bonus for other participants is paid but in no event later than March 15th of the calendar year following the end of the calendar year of the applicable AICP bonus. Executive shall be reimbursed for all expenses incurred and in accordance with Section 5(e); Executive shall be paid all accrued unused vacation in accordance with the Company’s vacation policy, as amended from time to time, and Executive shall be entitled to all benefits under Section 5(d) subject to the terms and conditions of the applicable plan documents and arrangements, as amended from time to time.

Appears in 1 contract

Samples: Employment Agreement (Helix Energy Solutions Group Inc)

Termination for Cause or Resignation of Executive Without Good Reason. If Executive is terminated by the Company for Cause or if Executive resigns or otherwise terminates without Good Reason, no AICP STIP bonus for the calendar year of his Date of Termination will be paid, all other benefits and rights, including Equity-Based Awards shall be determined under the then governing plans and award agreements, and his unpaid Base Annual Salary shall be paid through to the Date of Termination in accordance with the Company’s 's normal payroll practices. Any unpaid AICP STIP bonus for a calendar year preceding the calendar year of Executive’s 's Date of Termination shall be paid in accordance with the terms of the applicable AICP STIP and when the AICP STIP bonus for other participants is paid but in no event later than March 15th of the calendar year following the end of the calendar year of the applicable AICP STIP bonus. Executive shall be reimbursed for all expenses incurred and in accordance with Section 5(e5(f); . Executive shall be paid all accrued unused vacation in accordance with the Company’s 's vacation policy, as amended from time to time, time and Executive shall be entitled to all benefits under Section 5(d5(e) subject to the terms and conditions of the applicable plan documents and arrangements, as amended from time to time.

Appears in 1 contract

Samples: Employment Agreement (Tesco Corp)

Termination for Cause or Resignation of Executive Without Good Reason. If Executive is terminated by the Company for Cause or if Executive resigns or otherwise terminates without Good Reason, no AICP STIP bonus for the calendar year of his Date of Termination will be paid, all other benefits and rights, including Equity-Based Awards shall be determined under the then governing plans and award agreements, and his unpaid Base Annual Salary shall be paid through to the Date of Termination in accordance with the Company’s normal payroll practices. Any unpaid AICP STIP bonus for a calendar year preceding the calendar year of Executive’s Date of Termination shall be paid in accordance with the terms of the applicable AICP STIP and when the AICP STIP bonus for other participants is paid but in no event later than March 15th of the calendar year following the end of the calendar year of the applicable AICP STIP bonus. Executive shall be reimbursed for all expenses incurred and in accordance with Section 5(e5(f); . Executive shall be paid all accrued unused vacation in accordance with the Company’s vacation policy, as amended from time to time, time and Executive shall be entitled to all benefits under Section 5(d5(e) subject to the terms and conditions of the applicable plan documents and arrangements, as amended from time to time.

Appears in 1 contract

Samples: Employment Agreement (Tesco Corp)

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