Common use of Termination for Cause or Voluntary Termination Clause in Contracts

Termination for Cause or Voluntary Termination. If the Executive is terminated by the Company for Cause or if the Executive terminates his employment for any reason other than as provided in Section 2.4(d), the Executive shall be entitled only to his Base Salary through the date of termination, but shall not be entitled to any further Base Salary or any applicable bonus, benefits or other compensation for that year or any future year, except as may be provided in an applicable benefit plan or program, or to any severance compensation of any kind, nature or amount.

Appears in 3 contracts

Samples: Executive Employment Agreement (Orchids Paper Products CO /DE), Executive Employment Agreement (Orchids Paper Products CO /DE), Executive Employment Agreement (Orchids Paper Products CO /DE)

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Termination for Cause or Voluntary Termination. If In the Executive event the Executive’s employment is terminated upon or prior to the Expiration Date (i) by the Company for Cause Cause, or if (ii) subject to Section 4(a), by the Executive terminates his employment for any reason reason, the Company shall pay or provide to the Executive the Accrued Amounts other than as provided in Section 2.4(d), the Prior Year Bonus. Following any such termination all equity awards granted to the Executive shall be entitled only to his Base Salary through governed in accordance with the date terms of termination, but shall not be entitled to any further Base Salary or any the applicable bonus, benefits or other compensation for that year or any future year, except as may be provided in an applicable benefit plan or program, or to any severance compensation of any kind, nature or amountgrant agreements.

Appears in 2 contracts

Samples: Executive Employment Agreement (P&f Industries Inc), Executive Employment Agreement (P&f Industries Inc)

Termination for Cause or Voluntary Termination. If the Executive is terminated by the Company for Cause or if the Executive voluntarily terminates his employment for in any reason other than manner except as provided in Section 2.4(d)) prior to the end of the Employment Period, the Executive shall be entitled only to his Base Salary through the date of termination, but shall not be entitled to any further Base Salary or any applicable bonus, benefits bonus or other compensation Benefits for that year or any future year, except as may be provided in an applicable benefit plan or program, or to any severance compensation of any kind, nature or amount.

Appears in 2 contracts

Samples: Executive Employment Agreement (Sigma Aldrich Corp), Executive Employment Agreement (Sigma Aldrich Corp)

Termination for Cause or Voluntary Termination. If the Executive is terminated by the Company for Cause or if the Executive voluntarily terminates his employment for any reason other than as provided in Section 2.4(d)without Good Reason, the Executive shall be entitled only to his accrued yet unpaid Base Salary through the date of terminationTermination Date, but shall not be entitled to any further payable as and when such accrued Base Salary or any would otherwise be payable and vested employee benefits in accordance with the terms of the applicable bonus, benefits or other compensation for that year or any future year, except as may be provided in an applicable benefit plan or program. Other than as specifically set forth in this Section 2.4(b), the Company shall have no further liability or to any severance compensation of any kind, nature or amountobligation hereunder after the Termination Date.

Appears in 1 contract

Samples: Executive Employment Agreement (APi Group Corp)

Termination for Cause or Voluntary Termination. If the Executive is terminated by the Company for Cause or if the Executive voluntarily terminates his employment for in any reason manner (other than as provided in Section 2.4(d)for Good Reason) prior to the end of the Employment Period, the Executive shall be entitled only to his Base Salary through the date of termination, but shall not be entitled to any further Base Salary or any applicable bonus, bonus or benefits or other compensation for that year or any future year, except as may be provided in an applicable benefit plan or program, or to any severance compensation of any kind, nature or amount.

Appears in 1 contract

Samples: Executive Employment Agreement (Primus Telecommunications Group Inc)

Termination for Cause or Voluntary Termination. If the Executive is terminated by the Company for Cause or if the Executive voluntarily terminates his employment for any reason other than as provided in Section 2.4(d)without Good Reason, the Executive shall be entitled only to his Base Salary through the date of termination, but shall not be entitled to any further Base Salary or any applicable bonus, benefits bonus or other compensation Benefits for that year or any future year, except as may be provided in an applicable benefit plan or program, or to any severance compensation of any kind, nature or amount.

Appears in 1 contract

Samples: Executive Employment Agreement (Sigma Aldrich Corp)

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Termination for Cause or Voluntary Termination. If the Executive is terminated by the Company for Cause or if the Executive voluntarily terminates his employment for any reason other than as provided in Section 2.4(d)without Good Reason, the Executive shall be entitled only to his Base Salary through the date of termination, but shall not be entitled to any further Base Salary or any applicable bonus, bonus or benefits or other compensation for that year or any future year, except as may be provided in an applicable benefit plan or program, or to any severance compensation of any kind, nature or amount.

Appears in 1 contract

Samples: Executive Employment Agreement (Sigma Aldrich Corp)

Termination for Cause or Voluntary Termination. If the Executive is terminated by the Company for Cause or if the Executive voluntarily terminates his employment for in any reason manner (other than as provided in Section 2.4(d)for Good Reason) prior to the end of the Employment Period, the Executive shall be entitled only to his Base Salary Salary, benefits and unreimbursed business expenses through the date of termination, but shall not be entitled to any further Base Salary or any applicable bonus, benefits or other compensation for that year or any future year, except as may be provided in required under the terms of an applicable benefit plan or programprogram or by applicable law, or to any severance compensation of any kind, nature or amount.

Appears in 1 contract

Samples: Executive Employment Agreement (Primus Telecommunications Group Inc)

Termination for Cause or Voluntary Termination. If the Executive is terminated by the Company for Cause or if the Executive voluntarily terminates his employment for any reason other than as provided in Section 2.4(d)without Good Reason, the Executive shall be entitled only to his accrued yet unpaid Base Salary through the date of termination, but shall not be entitled to any further Base Salary or any applicable bonus, benefits Annual Bonus or other compensation benefits for that year or any future year, except as may be provided in an applicable benefit plan or program, or to any severance compensation of any kind, nature or amount.

Appears in 1 contract

Samples: Executive Employment Agreement (Platform Specialty Products Corp)

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