Common use of Termination for Cause; Resignation Without Good Reason; Death or Disability Clause in Contracts

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 his employment 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 his employment without Good Reason, or the Company terminates Executive’s employment for Cause, or if Executive’s employment terminates as a result of Executive’s death or disability, then (a) Executive will no longer vest in any Option or any other equity awards, (b) 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. In addition, Executive shall resign from all positions and terminate any relationships as an employee, advisor, officer or director with the Company and any of its affiliates, each effective on the date of employment termination.

Appears in 2 contracts

Samples: Executive Employment Agreement (Atreca, Inc.), Executive Employment Agreement (Atreca, Inc.)

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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 his employment 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 his employment without Good Reason, or the Company terminates Executive’s employment for Cause, or if Executive’s employment terminates as a result of Executive’s death or disability, then (a) Executive will no longer vest in any Option the Stock Awards or any other equity awards, (b) 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. In addition, Executive shall resign from all positions and terminate any relationships as an employee, advisor, officer or director with the Company and any of its affiliates, each effective on the date of employment termination.

Appears in 2 contracts

Samples: Executive Employment Agreement (Atreca, Inc.), Executive Employment Agreement (Atreca, 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 his employment 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 his employment without Good Reason, or the Company terminates Executive’s employment for Cause, or if Executive’s employment terminates as a result of Executive’s death or disability, then except as set forth as to Unforeseen Events Acceleration above, (a) Executive will no longer vest in any Option the Stock Awards or any other equity awards, (b) 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. In addition, Executive shall resign from all positions and terminate any relationships as an employee, advisor, officer or director with the Company and any of its affiliates, each effective on the date of employment termination.

Appears in 2 contracts

Samples: Executive Employment Agreement (Atreca, Inc.), Executive Employment Agreement (Atreca, 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 his her employment 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 his her employment without Good Reason, or the Company terminates Executive’s employment for Cause, or if Executive’s employment terminates as a result of Executive’s death or disability, then (a) Executive will no longer vest in any Option the Stock Awards or any other equity awards, (b) 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. In addition, Executive shall resign from all positions and terminate any relationships as an employee, advisor, officer or director with the Company and any of its affiliates, each effective on the date of employment termination.

Appears in 2 contracts

Samples: Executive Employment Agreement (Atreca, Inc.), Executive Employment Agreement (Atreca, Inc.)

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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 his employment 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 his employment without Good Reason, or the Company terminates Executive’s employment for Cause, or if Executive’s employment terminates as a result of Executive’s death or disability, then except as set forth as to Unforeseen Events Acceleration above, (a) Executive will no longer vest in any Option the Stock Awards or any other equity awards, (b) 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. In addition, Executive shall resign from all positions and terminate any relationships as an employee, advisor, officer or director with the Company and any of its affiliates, each effective on the date of employment termination.

Appears in 2 contracts

Samples: Executive Employment Agreement (Cero Therapeutics Holdings, Inc.), Executive Employment Agreement (Cero Therapeutics Holdings, Inc.)

Termination for Cause; Resignation Without Good Reason; Death or Disability. (i) The Company may terminate ExecutivePrincipal Accounting Officer’s employment with the Company at any time for Cause. Further, Executive Principal Accounting Officer may resign his employment at any time without Good Reason. ExecutivePrincipal Accounting Officer’s employment with the Company may also be terminated due to ExecutivePrincipal Accounting Officer’s death or disability. (ii) If Executive Principal Accounting Officer resigns his employment without Good Reason, or the Company terminates ExecutivePrincipal Accounting Officer’s employment for Cause, or if Executive’s employment terminates as a result of Executiveupon Principal Accounting Officer’s death or disability, then (a) Executive Principal Accounting Officer will no longer vest in any Option or any other equity awardsinterests that are subject to vesting, (b) all payments of compensation by the Company to Executive hereunder Principal Accounting Officer under this Agreement will terminate immediately (except as to amounts already earned), and (c) Executive Principal Accounting Officer will not be entitled to any severance benefitsbenefits hereunder, including (without limitation) the Severance, COBRA Premiums, Special Cash Payments or Accelerated Vesting. In addition, Executive shall resign from all positions and terminate any relationships as an employee, advisor, officer or director with the Company and any of its affiliates, each effective on the date of employment termination.

Appears in 1 contract

Samples: Employment Agreement (Lipocine Inc.)

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