Common use of Termination for Cause; Resignation Clause in Contracts

Termination for Cause; Resignation. If the Executive’s employment terminates due to a Termination for Cause or a Resignation, Base Salary and any Incentive Compensation Awards earned but unpaid as of the date of such termination shall be paid to the Executive in 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 shall have no further obligations to the Executive hereunder.

Appears in 3 contracts

Samples: Employment Agreement (Realogy Corp), Employment Agreement (Realogy Corp), Employment Agreement (Realogy Corp)

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Termination for Cause; Resignation. If the Executive’s employment terminates due to a Termination for Cause or a Resignation, Base Salary and any Incentive Compensation Awards Annual Bonus earned but unpaid as of the date of such termination shall be paid to the Executive in 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)terms. Except as provided in this paragraph, the Company shall have no further obligations to the Executive hereunder.

Appears in 3 contracts

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

Termination for Cause; Resignation. If the Executive’s 's employment terminates due to a Termination for Cause or a Resignation, Base Salary and any Incentive Compensation Awards earned but unpaid as of the date of such termination Accrued Obligations shall be paid to the Executive in 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)terms. Except as provided in this paragraph, the Company shall have no further obligations to the Executive hereunder.

Appears in 3 contracts

Samples: Employment Agreement (Avis Budget Group, Inc.), Employment Agreement (Avis Budget Group, Inc.), Employment Agreement (Avis Budget Group, Inc.)

Termination for Cause; Resignation. If the Executive’s employment terminates due to a Termination for Cause or a Resignation, Base Salary and any Incentive Compensation Awards earned but unpaid as of the date of such termination shall will be paid to the Executive in 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)a lump sum. Except as provided in this paragraph, the Company shall will have no further obligations to the Executive hereunder. All of the Executive’s outstanding options, awards, incentives and compensation shall be governed by the plan and/or agreement pursuant to which it was granted, issued or provided.

Appears in 2 contracts

Samples: 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 or a Resignation, Base Salary and any Incentive Compensation Awards earned but unpaid as of the date of such termination Accrued Obligations shall be paid to the Executive in 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)terms. Except as provided in this paragraph, the Company shall have no further obligations to the Executive hereunder.

Appears in 2 contracts

Samples: Employment Agreement (Avis Budget Group, Inc.), Employment Agreement (Avis Budget Group, Inc.)

Termination for Cause; Resignation. If the Executive’s 's employment terminates due to a Termination for Cause or a Resignation, Base Salary and any Incentive Compensation Awards Annual Bonus earned but unpaid as of the date of such termination shall be paid to the Executive in 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)terms. Except as provided in this paragraph, the Company shall have no further obligations to the Executive hereunder.

Appears in 2 contracts

Samples: Employment Agreement (Avis Budget Group, Inc.), Employment Agreement (Avis Budget Group, Inc.)

Termination for Cause; Resignation. If the Executive’s 's employment terminates due to a Termination for Cause or a ResignationResignation (other than a Resignation under paragraph C of this Section VIII), Base Salary and any Incentive Compensation Awards earned but unpaid as of the date of such termination shall will be paid to the Executive in accordance with paragraph (d) belowa lump sum. Outstanding Each outstanding stock options and other equity awards held by the Executive as of the date of termination shall will be treated in accordance with their terms (except as provided in paragraph (a) above)its terms. Except as provided in this paragraph, the Company shall Cendant will have no further obligations to the Executive hereunder.

Appears in 2 contracts

Samples: Employment Agreement (Cendant Corp), Employment Agreement (Cendant Corp)

Termination for Cause; Resignation. If the Executive’s employment terminates due to a Termination for Cause or a Resignation, Base Salary and any Incentive Compensation Awards earned but unpaid as of the date of such termination shall will be paid to the Executive in 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)a lump sum. Except as provided in this paragraphparagraph (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 shall and its subsidiaries and affiliates will have no further obligations to the Executive hereunder.

Appears in 1 contract

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

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Termination for Cause; Resignation. If the Executive’s 's employment terminates due to a Termination for Cause or a Resignation, Base Salary and any Incentive Compensation Awards earned but unpaid as of the date of such termination shall be paid to the Executive in 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 shall have no further obligations to the Executive hereunder.

Appears in 1 contract

Samples: Employment Agreement (Cendant Corp)

Termination for Cause; Resignation. If the Executive’s employment terminates due to a Termination for Cause or a Resignation, Base Salary and any Incentive Compensation Awards earned but unpaid as of the date of such termination Accrued Obligations shall be paid to the Executive in accordance with paragraph (d) belowthe terms hereof. 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)terms. Except as provided in this paragraph, the Company shall have no further obligations to the Executive hereunder.

Appears in 1 contract

Samples: Employment Agreement (Avis Budget Group, Inc.)

Termination for Cause; Resignation. If the Executive’s 's employment terminates due to a Termination for Cause or a Resignation, Base Salary and any Incentive Compensation Awards earned but unpaid as of the date of such termination shall will be paid to the Executive in accordance with paragraph (d) belowa lump sum. Outstanding Each outstanding stock options and other equity awards held by the Executive as of the date of termination shall will be treated in accordance with their terms (except as provided in paragraph (a) above)its terms. Except as provided in this paragraph, the Company shall Cendant will have no further obligations to the Executive hereunder.

Appears in 1 contract

Samples: Employment Agreement (Cendant Corp)

Termination for Cause; Resignation. If the Executive’s 's employment terminates due to a Termination for Cause or a Resignation, Base Salary and any Incentive Compensation Awards earned but unpaid as of the date of such termination Accrued Obligations shall be paid to the Executive in accordance with paragraph (de) 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)terms. Except as provided in this paragraph, the Company shall have no further obligations to the Executive hereunder.

Appears in 1 contract

Samples: Employment Agreement (Avis Budget Group, Inc.)

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