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

Termination for Cause; Resignation Without Good Reason. If, prior to the expiration of the Term, the Executive incurs a “Separation from Service” within the meaning of Section 409A(a)(2)(A)(i) of the Internal Revenue Code of 1986, as amended (the “Code”), by reason of the Company’s termination of the Executive’s employment for Cause or if the Executive resigns from his employment hereunder other than for Good Reason, the Executive shall only be entitled to payment of his Other Accrued Compensation and Benefits, payable in accordance with Company policies and practices and in no event later than 30 days after the Executive’s Separation from Service. The Executive shall have no further right to receive any other compensation or benefits after such termination or resignation of employment.

Appears in 5 contracts

Samples: Employment Agreement (Dycom Industries Inc), Employment Agreement (Dycom Industries Inc), Employment Agreement (Dycom Industries Inc)

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Termination for Cause; Resignation Without Good Reason. If, prior to the expiration of the Term, the Executive incurs a “Separation from Service” within the meaning of Section 409A(a)(2)(A)(i) of the Internal Revenue Code of 1986, as amended (the “Code”), by reason of the Company’s termination of the Executive’s employment for Cause or if the Executive resigns from his the Executive’s employment hereunder other than for Good Reason, the Executive shall only be entitled to payment of his the Executive’s Other Accrued Compensation and Benefits, payable in accordance with Company Group policies and practices and in no event later than 30 days after the Executive’s Separation from Service. The Executive shall have no further right to receive any other compensation or benefits after such termination or resignation of employment.

Appears in 5 contracts

Samples: Employment Agreement (Microvast Holdings, Inc.), Employment Agreement (Microvast Holdings, Inc.), Employment Agreement (Microvast Holdings, Inc.)

Termination for Cause; Resignation Without Good Reason. If, prior to the expiration of the Term, the Executive incurs a “Separation from Service” within the meaning of Section 409A(a)(2)(A)(i) of the Internal Revenue Code of 1986, as amended (the “Code”), ) by reason of the Company’s termination of the Executive’s employment for Cause or if the Executive resigns from his employment hereunder other than for Good Reason, the Executive shall only be entitled to payment of his Other Accrued Compensation and Benefits, payable in accordance with Company policies and practices and in no event later than 30 days after the Executive’s Separation from Service. The Executive shall have no further right to receive any other compensation or benefits after such termination or resignation of employment.

Appears in 4 contracts

Samples: Employment Agreement (Dycom Industries Inc), Employment Agreement (Dycom Industries Inc), Employment Agreement (Dycom Industries Inc)

Termination for Cause; Resignation Without Good Reason. If, prior to the expiration of the Term, the Executive incurs a “Separation from Service” within the meaning of Section 409A(a)(2)(A)(i) of the Internal Revenue Code of 1986, as amended (the “Code”), ) by reason of the Company’s termination of the Executive’s employment for Cause (as defined in Section 5 below) or if the Executive resigns from his employment hereunder other than for Good ReasonReason (as defined in Section 5 below), the Executive shall only be entitled to payment of his Other Accrued Compensation and Benefits, payable in accordance with Company policies and practices and in no event later than 30 days after the Executive’s Separation from Service. The Executive shall have no further right to receive any other compensation or benefits after such termination or resignation of employment.

Appears in 2 contracts

Samples: Employment Agreement (American Axle & Manufacturing Holdings Inc), Employment Agreement (American Axle & Manufacturing Holdings Inc)

Termination for Cause; Resignation Without Good Reason. If, prior to the expiration of the Term, the Executive incurs a Separation from ServiceService ” within the meaning of Section 409A(a)(2)(A)(i) of the Internal Revenue Code of 1986, as amended (the “Code“ Code ), ) by reason of the Company’s 's termination of the Executive’s 's employment for Cause (as defined in Section 5 below) or if the Executive resigns from his employment hereunder other than for Good ReasonReason (as defined in Section 5 below), the Executive shall only be entitled to payment of his Other Accrued Compensation and Benefits, payable in accordance with Company policies and practices and in no event later than 30 days after the Executive’s 's Separation from Service. The Executive shall have no further right to receive any other compensation or benefits after such termination or resignation of employment.

Appears in 1 contract

Samples: Employment Agreement (American Axle & Manufacturing Holdings Inc)

Termination for Cause; Resignation Without Good Reason. If, prior to the expiration of the Term, the Executive incurs a “Separation from Service” within the meaning of Section 409A(a)(2)(A)(i) of the Internal Revenue Code of 1986, as amended (the “Code”), by reason of the CompanyCompany Group’s termination of the Executive’s employment for Cause or if the Executive resigns from his the Executive’s employment hereunder other than for Good Reason, the Executive shall only be entitled to payment of his the Executive’s Other Accrued Compensation and Benefits, payable in accordance with Company Group policies and practices and in no event later than 30 days after the Executive’s Separation from Service. The Executive shall have no further right to receive any other compensation or benefits after such termination or resignation of employment.

Appears in 1 contract

Samples: Employment Agreement (Microvast Holdings, Inc.)

Termination for Cause; Resignation Without Good Reason. (i) If, prior to the expiration of the Term, the Executive incurs a “Separation from Service” within the meaning of Section 409A(a)(2)(A)(i) of the Internal Revenue Code of 1986, as amended (the “Code”), ) by reason of the Company’s termination of the Executive’s employment for Cause or if the Executive resigns from his employment hereunder other than for Good Reason, the Executive shall only be entitled to payment of his Other Accrued Compensation and Benefits, payable in accordance with Company policies and practices and in no event later than 30 days after the Executive’s Separation from Service. The Executive shall have no further right to receive any other compensation or benefits after such termination or resignation of employment.

Appears in 1 contract

Samples: Employment Agreement (Dycom Industries Inc)

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Termination for Cause; Resignation Without Good Reason. If, prior to the expiration of the Term, the Executive incurs a “Separation from Service” within the meaning of Section 409A(a)(2)(A)(i) of the Internal Revenue Code of 1986, as amended (the “Code”), ) by reason of the Company’s 's termination of the Executive’s 's employment for Cause (as defined in Section 5 below) or if the Executive resigns from his employment hereunder other than for Good ReasonReason (as defined in Section 5 below), the Executive shall only be entitled to payment of his Other Accrued Compensation and Benefits, payable in accordance with Company policies and practices and in no event later than 30 days after the Executive’s 's Separation from Service. The Executive shall have no further right to receive any other compensation or benefits after such termination or resignation of employment.

Appears in 1 contract

Samples: Employment Agreement (American Axle & Manufacturing Holdings Inc)

Termination for Cause; Resignation Without Good Reason. If, prior to the expiration of the Term, the Executive incurs a “Separation from Service” within the meaning of Section 409A(a)(2)(A)(i) of the of the Internal Revenue Code of 1986, as amended (the “Code”), ) by reason of the Company’s 's termination of the Executive’s 's employment for Cause (as defined in Section 5 below) or if the Executive resigns from his employment hereunder other than for Good ReasonReason (as defined in Section 5 below), the Executive shall only be entitled to payment of his Other Accrued Compensation and Benefits, payable in accordance with Company policies and practices and in no event later than 30 days after the Executive’s 's Separation from Service. The Executive shall have no further right to receive any other compensation or benefits after such termination or resignation of employment.

Appears in 1 contract

Samples: Employment Agreement (American Axle & Manufacturing Holdings Inc)

Termination for Cause; Resignation Without Good Reason. (i) If, prior to the expiration of the Term, the Executive incurs a “Separation from Service” within the meaning of Section 409A(a)(2)(A)(i) of the Internal Revenue Code of 1986, as amended (the “Code”), ) by reason of the Company’s termination of the Executive’s employment for Cause or if the Executive resigns from his employment hereunder other than for Good Reason, the Executive shall only be entitled to payment of his Other Accrued Compensation and Benefits, payable in accordance with Company policies and practices and in no event later than 30 days after the Executive’s Separation from Service. The Executive shall have no further right to receive any other compensation or benefits after such termination or resignation of employment. (ii) Termination for “Cause” shall mean termination of the Executive’s employment because of:

Appears in 1 contract

Samples: Employment Agreement (Dycom Industries Inc)

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