Common use of Termination for Cause; Resignation Clause in Contracts

Termination for Cause; Resignation. In the event (i) the Executive’s employment with the Companies is terminated by the Company for Cause, or (ii) the Executive resigns (for reasons other than Good Reason), none of the Companies shall have any further liability to the Executive hereunder, whether for Base Compensation, Performance-Based Compensation, benefits, or otherwise, other than for Base Compensation and benefits accrued and reimbursement of expenses properly incurred, in each case through the date of termination or resignation, and any other benefits required by applicable law (e.g., COBRA) for which the Executive may be eligible.

Appears in 3 contracts

Samples: Employment Agreement (Argan Inc), Employment Agreement (Argan Inc), Employment Agreement (Argan Inc)

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Termination for Cause; Resignation. In the event (i) the Executive’s employment with the Companies Company is terminated by the Company for Cause, or (ii) the Executive resigns (for reasons other than Good Reason), none of the Companies Company shall have any no further liability to the Executive hereunder, whether for Base Compensation, Performance-Based CompensationSalary, benefits, or otherwise, other than for Base Compensation Salary and benefits accrued and accrued, reimbursement of expenses properly incurred, payment for all accrued vacation calculated in accordance with the Company’s standard payroll practices, in each case through the date of termination or resignation, and any other benefits required by applicable law (e.g., COBRA) for which the Executive may be eligible.

Appears in 2 contracts

Samples: Employment Agreement (Argan Inc), Employment Agreement (Argan Inc)

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Termination for Cause; Resignation. In the event (i) the Executive’s employment with the Companies is terminated by the Company for Cause, or (ii) the Executive resigns (for reasons other than Good Reason), none of the Companies shall have any further liability to the Executive hereunder, whether for Base Compensation, Performance-Based Compensation, benefits, or otherwise, other than for Base Compensation and benefits accrued and reimbursement of expenses properly incurred, in each case through the date of termination or resignation, and any other benefits required by applicable law (e.g., COBRA) for which the Executive may be eligible.. ​

Appears in 1 contract

Samples: Employment Agreement (Argan Inc)

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