Common use of Termination for Cause; Resignation Clause in Contracts

Termination for Cause; Resignation. If Executive’s employment terminates due to a Termination for Cause (as defined below) or a Resignation (as defined below), Base Salary earned but unpaid as of the date of such termination will be paid to Executive in a lump sum and the Company will have no further obligations to Executive hereunder. In the event any termination of Executive’s employment for any reason, Executive if so requested by the Company agrees to assist in the orderly transfer of authority and responsibility to Executive’s successor.

Appears in 12 contracts

Samples: Employment Agreement (Wiley John & Sons, Inc.), Employment Agreement (Wiley John & Sons, Inc.), Employment Agreement (Wiley John & Sons, Inc.)

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Termination for Cause; Resignation. If the Executive’s employment terminates due to a Termination for Cause (as defined below) or a Resignation (as defined below)Resignation, Base Salary earned but unpaid as of the date of such termination will be paid to the Executive in a lump sum accordance with Section VI-D below. Outstanding stock options and other equity awards held by the Executive as of the date of termination will be treated in accordance with their terms. Except as provided in this paragraph, the Company will have no further obligations to the Executive hereunder. In the event any termination of Executive’s employment for any reason, Executive if so requested by the Company agrees to assist in the orderly transfer of authority and responsibility to Executive’s successor.

Appears in 9 contracts

Samples: Employment Agreement (Travel & Leisure Co.), Employment Agreement (Travel & Leisure Co.), Employment Agreement (Wyndham Hotels & Resorts, Inc.)

Termination for Cause; Resignation. If Executive’s employment terminates due If, during the Employment Period and prior to a Termination Change of Control, Executive's employment is terminated by the Company for Cause (Cause, or if Executive resigns from his employment, then Executive shall be entitled only to payment of all amounts including benefits earned or owed to Executive and only to such equity compensation as defined below) or a Resignation (as defined below), Base Salary earned but unpaid is fully vested as of the date of such termination will be paid to Executive in a lump sum and the Company will have no further obligations to Executive hereunder. In the event any termination of Executive’s employment for any reason, Executive if so requested by the Company agrees to assist in the orderly transfer of authority and responsibility to Executive’s successorTermination Date.

Appears in 7 contracts

Samples: Employment Agreement (Pinnacle Micro Inc), Employment Agreement (Pinnacle Micro Inc), Employment Agreement (Pinnacle Micro Inc)

Termination for Cause; Resignation. If the Executive’s employment terminates due to a Termination for Cause (as defined below) or a Resignation (as defined below)Resignation, Base Salary earned but unpaid as of the date of such termination will be paid to the Executive in a lump sum accordance with Section V-D below. Outstanding stock options and other equity awards held by the Executive as of the date of termination will be treated in accordance with their terms. Except as provided in this paragraph, the Company will have no further obligations to the Executive hereunder. In the event any termination of Executive’s employment for any reason, Executive if so requested by the Company agrees to assist in the orderly transfer of authority and responsibility to Executive’s successor.

Appears in 7 contracts

Samples: Employment Agreement (Travel & Leisure Co.), Employment Agreement (Travel & Leisure Co.), Employment Agreement (Wyndham Hotels & Resorts, Inc.)

Termination for Cause; Resignation. If the Executive’s employment terminates due to a Termination for Cause (as defined below) or a Resignation (as defined below)Resignation, Base Salary and any Incentive Compensation Awards earned but unpaid as of the date of such termination will shall be paid to the Executive in a lump sum accordance with paragraph (d) below. Outstanding stock options and the Company will have no further obligations to Executive hereunder. In the event any termination of Executive’s employment for any reason, Executive if so requested other equity awards held by the Company agrees to assist Executive as of the date of termination shall be treated in the orderly transfer of authority and responsibility to Executive’s successoraccordance with their terms (except as provided in paragraph (a) above).

Appears in 4 contracts

Samples: Employment Agreement (Wyndham Worldwide Corp), Employment Agreement (Wyndham Worldwide Corp), Employment Agreement (Wyndham Worldwide Corp)

Termination for Cause; Resignation. If the Executive’s employment terminates due to a Termination for Cause (as defined below) or a Resignation (as defined below)Resignation, Base Salary and any Incentive Compensation Awards earned but unpaid as of the date of such termination will be paid to the Executive in a lump sum and sum. Except as provided in this paragraph, the Company will have no further obligations to the Executive hereunder. In the event any termination All of Executive’s employment for any reasonoutstanding options, Executive if so requested awards, incentives and compensation shall be governed by the Company agrees plan and/or agreement pursuant to assist in the orderly transfer of authority and responsibility to Executive’s successorwhich it was granted, issued or provided.

Appears in 4 contracts

Samples: Employment Agreement (Jackson Hewitt Tax Service Inc), Employment Agreement (Jackson Hewitt Tax Service Inc), Employment Agreement (Jackson Hewitt Tax Service Inc)

Termination for Cause; Resignation. If the Executive’s employment terminates due to a Termination for Cause (as defined below) or a Resignation (as defined below)Resignation, Base Salary earned but unpaid as of the date of such termination will shall be paid to the Executive in a lump sum accordance with paragraph (d) below. Outstanding stock options and the Company will have no further obligations to Executive hereunder. In the event any termination of Executive’s employment for any reason, Executive if so requested other equity awards held by the Company agrees to assist Executive as of the date of termination shall be treated in the orderly transfer of authority and responsibility to Executive’s successoraccordance with their terms.

Appears in 3 contracts

Samples: Employment Agreement (Wyndham Worldwide Corp), Employment Agreement (Wyndham Worldwide Corp), Employment Agreement (Wyndham Worldwide Corp)

Termination for Cause; Resignation. If the Executive’s employment terminates due to a Termination for Cause (as defined below) or a Resignation (as defined below)Resignation, Base Salary earned but unpaid as of the date of such termination will be paid to Executive the Executive. Except as provided in a lump sum and this paragraph, the Company will have no further obligations to the Executive hereunder. In the event any termination of Executive’s employment for any reason, Executive if so requested by the Company agrees to assist in the orderly transfer of authority and responsibility to Executive’s successor.

Appears in 3 contracts

Samples: Executive Employment Agreement (Jackson Hewitt Tax Service Inc), Executive Employment Agreement (Jackson Hewitt Tax Service Inc), Executive Employment Agreement (Jackson Hewitt Tax Service Inc)

Termination for Cause; Resignation. If the Executive’s employment terminates due to a Termination for Cause (as defined below) or a Resignation (as defined below)Resignation, Base Salary and any Incentive Compensation Awards earned but unpaid as of the date of such termination will be paid to the Executive in a lump sum and sum. Except as provided in this paragraph, the Company will have no further obligations to the Executive hereunder. In the event any termination of Executive’s employment for any reason, Executive if so requested by the Company agrees to assist in the orderly transfer of authority and responsibility to Executive’s successor.

Appears in 2 contracts

Samples: Employment Agreement (Wyndham Worldwide Corp), Employment Agreement (Wyndham Worldwide Corp)

Termination for Cause; Resignation. If the Executive’s employment terminates due to a Termination for Cause (as defined below) or a Resignation (as defined below)Resignation, Base Salary any salary amounts which are earned but unpaid as of the date of such termination will be paid to the Executive in a lump sum sum. Except as provided in this paragraph (and except for any remaining obligations under any then applicable employee benefit, stock option, restricted stock or similar plan (and any agreements entered into in connection therewith) and except as provided in Section XV below) the Company and its subsidiaries and affiliates will have no further obligations to the Executive hereunder. In the event any termination of Executive’s employment for any reason, Executive if so requested by the Company agrees to assist in the orderly transfer of authority and responsibility to Executive’s successor.

Appears in 1 contract

Samples: Employment Agreement (Affinion Loyalty Group, Inc.)

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Termination for Cause; Resignation. If the Executive’s employment terminates due to a Termination for Cause (as defined below) or a Resignation (as defined below)Resignation, Base Salary and any Annual Bonus earned but unpaid as of the date of such termination will shall be paid to the Executive in a lump sum accordance with paragraph (d) below. Outstanding stock options and other equity awards held by the Executive as of the date of termination shall be treated in accordance with their terms (except as provided in paragraph (a) above). Except as provided in this paragraph, the Company will shall have no further obligations to the Executive hereunder. In the event any termination of Executive’s employment for any reason, Executive if so requested by the Company agrees to assist in the orderly transfer of authority and responsibility to Executive’s successor.

Appears in 1 contract

Samples: Employment Agreement (Realogy Corp)

Termination for Cause; Resignation. If Executive’s employment terminates due to a Termination for Cause (as defined below) or a Resignation (as defined below), Base Salary earned but unpaid as of the date of such termination will be paid to Executive in a lump sum and the Company will have no further obligations to Executive hereunder. In the event any termination of Executive’s employment for any reason, Executive if so requested by the Company agrees to assist in the orderly transfer of authority and responsibility to Executive’s successor.. (d)

Appears in 1 contract

Samples: Employment Agreement

Termination for Cause; Resignation. If the Executive’s employment terminates due to a Termination for Cause (as defined below) or a Resignation (as defined below)Resignation, Base Salary any salary amounts which are earned but unpaid as of through the date of such termination will be paid to the Executive in a lump sum sum. Except as provided in this paragraph (and except for any remaining obligations under any then applicable employee benefit, stock option, restricted stock or similar plan (and any agreements entered into in connection therewith), the Company and its subsidiaries and affiliates will have no further obligations to the Executive hereunder. In the event any termination of Executive’s employment for any reason, Executive if so requested by the Company agrees to assist in the orderly transfer of authority and responsibility to Executive’s successor.

Appears in 1 contract

Samples: Severance Agreement (Affinion Loyalty Group, Inc.)

Termination for Cause; Resignation. If Executive’s 's employment terminates due to a Termination for Cause (as defined below) or a Resignation (as defined below), Base Salary earned but unpaid as of the date of such termination will be paid to Executive in a lump sum and the Company will have no further obligations to Executive hereunder. In the event event, any termination of Executive’s 's employment for any reason, Executive if so requested by the Company agrees to assist in the orderly transfer of authority and responsibility to Executive’s 's successor.

Appears in 1 contract

Samples: Employment Agreement (Wiley John & Sons, Inc.)

Termination for Cause; Resignation. If the Executive’s 's employment terminates due to a Termination for Cause (as defined below) or a Resignation (as defined below)Resignation, Base Salary and any Incentive Compensation Awards earned but unpaid as of the date of such termination will shall be paid to Executive the Executive. Except as provided in a lump sum and this paragraph, the Company will shall have no further obligations to the Executive hereunder. In the event any termination of Executive’s employment for any reason, Executive if so requested by the Company agrees to assist in the orderly transfer of authority and responsibility to Executive’s successor.

Appears in 1 contract

Samples: Employment Agreement (Cendant Corp)

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