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

Termination for Cause or Resignation Other Than for Good Reason. If Executive’s employment is terminated for Cause or Executive resigns other than for Good Reason, Executive will receive: (1) the Base Salary accrued through the termination date, payable under the Company’s usual payment practices; (2) reimbursement for any unreimbursed business expenses properly incurred by Executive prior to the termination date in accordance with the reimbursement policy of the Company, provided that claims for reimbursement are submitted in accordance with the applicable reimbursement policy; and (3) any fully vested and non-forfeitable employee benefits to which Executive may be entitled under the Company’s employee benefit plans (other than benefits in the nature of severance pay) (the amounts described in clauses (1) through (3) above are referred to later as the “Accrued Obligations”).

Appears in 2 contracts

Samples: Employment Agreement (Blackline, Inc.), Employment Agreement (Blackline, Inc.)

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Termination for Cause or Resignation Other Than for Good Reason. If Executive’s employment is terminated for Cause or Executive resigns other than for Good Reason, Executive will receive: (1) the Base Salary accrued through the termination date, payable under the CompanyEmployer’s usual payment practices; (2) reimbursement for any unreimbursed business expenses properly incurred by Executive prior to the termination date in accordance with the reimbursement policy of the CompanyCompany or the Employer, as applicable, provided that claims for reimbursement are submitted in accordance with the applicable reimbursement policy; and (3) any fully vested and non-forfeitable employee benefits to which Executive may be entitled under the CompanyEmployer’s employee benefit plans (other than benefits in the nature of severance pay) (the amounts described in clauses (1) through (3) above are referred to later as the “Accrued Obligations”).

Appears in 1 contract

Samples: Employment Agreement (Lumentum Holdings Inc.)

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Termination for Cause or Resignation Other Than for Good Reason. If Executive’s employment is terminated for Cause or Executive resigns other than for Good Reason, Executive will receive: : (1) the Base Salary accrued through the termination date, payable under the CompanyEmployer’s usual payment practices; ; (2) reimbursement for any unreimbursed business expenses properly incurred by Executive prior to the termination date in accordance with the reimbursement policy of the CompanyCompany or the Employer, as applicable, provided that claims for reimbursement are submitted in accordance with the applicable reimbursement policy; and and (3) any fully vested and non-forfeitable employee benefits to which Executive may be entitled under the CompanyEmployer’s employee benefit plans (other than benefits in the nature of severance pay) (the amounts described in clauses (1) through (3) above are referred to later as the “Accrued Obligations”).

Appears in 1 contract

Samples: Employment Agreement (Lumentum Holdings Inc.)

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