Termination for Cause; Resignation Without Good Reason; Death or Disability. (i) The Company may terminate Executive’s employment with the Company at any time for Cause. Further, Executive may resign at any time without Good Reason. Executive’s employment with the Company may also be terminated due to Executive’s death or disability. (ii) If Executive resigns without Good Reason, or the Company terminates Executive’s employment for Cause, or upon Executive’s death or disability, then (i) Executive will no longer vest in the Option, (ii) all payments of compensation by the Company to Executive hereunder will terminate immediately (except as to amounts already earned), and (c) Executive will not be entitled to any severance benefits, including (without limitation) the Severance, COBRA Premiums, Special Cash Payments or Accelerated Vesting.
Appears in 2 contracts
Samples: Employment Agreement (ImmunoCellular Therapeutics, Ltd.), Executive Employment Agreement (ImmunoCellular Therapeutics, Ltd.)
Termination for Cause; Resignation Without Good Reason; Death or Disability. (i) The Company may terminate Executive’s employment with the Company at any time for Cause. Further, Executive may resign at any time without Good Reason. Executive’s employment with the Company may also be terminated due to Executive’s death or disability.
(ii) If Executive resigns without Good Reason, or the Company terminates Executive’s employment for Cause, or upon Executive’s death or disability, then (ia) Executive will no longer vest in the Optionany equity interests that are subject to vesting, (iib) all payments of compensation by the Company to Executive hereunder under this Agreement will terminate immediately (except as to amounts already earned), and (c) Executive will not be entitled to any severance benefitsbenefits hereunder, including (without limitation) the Severance, COBRA Premiums, Special Cash Payments or Accelerated Vesting.
Appears in 2 contracts
Samples: Executive Employment Agreement (Lipocine Inc.), Executive Employment Agreement (Lipocine Inc.)
Termination for Cause; Resignation Without Good Reason; Death or Disability. (i) The Company may terminate Executive’s employment with the Company at any time for Cause. Further, Executive may resign at any time without for any reason other than Good Reason. Executive’s employment with the Company may also be terminated due to Executive’s death or disabilityDisability (as defined below).
(ii) If Executive resigns without Good Reason, or the Company terminates Executive’s employment for Cause, or upon Executive’s death or disabilityDisability, then (i) Executive will no longer vest in the Option, (ii) all payments of compensation by the Company to Executive hereunder will terminate immediately (except as to amounts already earned), and (cii) Executive will not be entitled to any severance benefits, including (without limitation) the Severance, COBRA Premiums, Special Cash Payments the Change of Control Severance or Accelerated Vestingthe COC COBRA Premiums.
Appears in 2 contracts
Samples: Employment Agreement (Praxis Precision Medicines, Inc.), Employment Agreement (Praxis Precision Medicines, Inc.)
Termination for Cause; Resignation Without Good Reason; Death or Disability. (i) The Company may terminate Executive’s employment with the Company at any time for Cause. Further, Executive may resign at any time without Good Reason. Executive’s employment with the Company may also be terminated due to Executive’s death or disability.
(ii) If Executive resigns without Good Reason, or the Company terminates Executive’s employment for Cause, or upon Executive’s death or disability, then (ia) Executive will no longer vest in the Optionany equity interests subject to vesting, (iib) all payments of compensation by the Company to Executive hereunder will terminate immediately (except as to amounts already earned), and (c) Executive will not be entitled to any severance benefits, including (without limitation) the Severance, COBRA Premiums, Special Cash Payments or Accelerated Vesting.
Appears in 2 contracts
Samples: Executive Employment Agreement (Lipocine Inc.), Executive Employment Agreement (Lipocine Inc.)
Termination for Cause; Resignation Without Good Reason; Death or Disability. (i) The Company may terminate Executive’s employment with the Company at any time for Cause. Further, Executive may resign at any time without Good Reason. Executive’s employment with the Company may also be terminated due to Executive’s death or disability.
(ii) If Executive resigns without Good Reason, or the Company terminates Executive’s employment for Cause, or upon Executive’s death or disability, then (i) Executive will no longer vest in the Optionany equity interests, (ii) all payments of compensation by the Company to Executive hereunder will terminate immediately (except as to amounts already earned), and (c) Executive will not be entitled to any severance benefits, including (without limitation) the Severance, COBRA Premiums, Special Cash Payments or Accelerated Vesting.
Appears in 1 contract
Samples: Employment Agreement (ImmunoCellular Therapeutics, Ltd.)
Termination for Cause; Resignation Without Good Reason; Death or Disability. (i) The Company may terminate Executive’s employment with the Company at any time for Cause. Further, Executive may resign at any time without Good Reason. Executive’s employment with the Company may also be terminated due to Executive’s death or disability.
(ii) If Executive resigns without Good Reason, or the Company terminates Executive’s employment for Cause, or upon Executive’s death or disability, then (ia) Executive will no longer vest in the OptionOption or RSA, (iib) all payments of compensation by the Company to Executive hereunder will terminate immediately (except as to amounts already earned), and (c) Executive will not be entitled to any severance benefits, including (without limitation) the Severance, COBRA Premiums, Special Cash Payments or Accelerated Vesting.
Appears in 1 contract
Termination for Cause; Resignation Without Good Reason; Death or Disability. (i) The Company may terminate Executive’s employment with the Company at any time for Cause. Further, Executive may resign at any time without Good Reason. Executive’s employment with the Company may also be terminated due to Executive’s death or disability. Any such termination shall be referred to herein as a “Non-Qualifying Termination.”
(ii) If Executive resigns without Good Reasonis subject to a Non-Qualifying Termination, or the Company terminates Executive’s employment for Cause, or upon Executive’s death or disability, then (ia) Executive will no longer vest cease vesting in the Optionall equity awards, (iib) all payments of compensation by the Company to Executive hereunder will terminate immediately (except as to amounts already earned), and (c) Executive will not be entitled to any severance benefits, including (without limitation) the SeveranceSeverance Benefits or CIC Severance Benefits, COBRA Premiums, Special Cash Payments or Accelerated Vestingunless required by law.
Appears in 1 contract
Termination for Cause; Resignation Without Good Reason; Death or Disability. (i) The Company may terminate Executive’s employment with the Company at any time for Cause. Further, Executive may resign at any time without Good Reason. Executive’s employment with the Company may also be terminated due to Executive’s death or disabilityDisability.
(ii) If Executive resigns without Good Reason, or the Company terminates Executive’s employment for Cause, or upon Executive’s death or disabilitytermination due to his Disability, then (i) Executive will no longer vest in any stock options held by the OptionExecutive (except as provided above for the Equity Award), (ii) all payments of compensation by the Company to Executive hereunder will terminate immediately (except as to amounts already earned), and (c) Executive will not be entitled to any severance benefits, including (without limitation) the Severance, COBRA Premiums, Special Cash Payments or Accelerated VestingPayments, unless required by law.
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