Common use of Termination for Cause; violation of certain agreements Clause in Contracts

Termination for Cause; violation of certain agreements. If the Company should end Executive’s employment for Cause or, notwithstanding Section 5 and Section 6(a) above, if Executive should violate the protected persons or noncompetition provisions of Section 8, all compensation and benefits otherwise payable pursuant to this Agreement shall cease, other than (x) such vested amounts as are credited to Executive’s account (but not received) under any nonqualified deferred compensation plan of the Company and its Subsidiaries in accordance with the terms of those programs; (y) any vested benefits to which Executive is entitled by law under the Company’s tax-qualified plans; and (z) Stock Incentive Plan benefits, if any, to which Executive may be entitled (in each case in accordance with and subject to the terms of the applicable arrangement) under Sections 3(b) (Existing Awards) and 3(c) (New Stock Awards). The Company does not waive any rights it may have for damages for injunctive relief.

Appears in 2 contracts

Samples: Employment Agreement (TJX Companies Inc /De/), Employment Agreement (TJX Companies Inc /De/)

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Termination for Cause; violation of certain agreements. If the Company should end Executive’s 's employment for Cause Cause, or, notwithstanding Section 5 and Section 6(a) above, if Executive should violate the protected persons or noncompetition provisions of Section 8, all compensation and benefits otherwise payable pursuant to this Agreement shall cease, other than (x) such vested amounts as are credited to Executive’s 's account (but not received) under any nonqualified deferred compensation plan of the Company GDCP and its Subsidiaries ESP in accordance with the terms of those programs; (y) any vested benefits to which Executive is may be entitled by law under SERP (provided, that if Executive should end his employment voluntarily, such benefits shall be payable only if Executive does not violate the Company’s tax-qualified plans; provisions of Section 8), and (z) Stock Incentive Plan benefits, if any, to which Executive may be entitled (in each case in accordance with and subject to the terms of the applicable arrangement) under Sections 3(b3(b)(i) (Existing Awards) and Options), 3(c) (New Stock Awards), and 3(h) (Qualified Plans). The Company does not waive any rights it may have for damages or for injunctive relief.

Appears in 1 contract

Samples: Employment Agreement (TJX Companies Inc /De/)

Termination for Cause; violation of certain agreements. If the Company should end Executive’s 's employment for Cause Cause, or, notwithstanding Section 5 and Section 6(a) above, if Executive should violate the protected persons or noncompetition provisions of Section 8, all compensation and benefits otherwise payable pursuant to this Agreement shall cease, other than (x) such vested amounts as are credited to Executive’s 's account (but not received) under any nonqualified deferred compensation plan of the Company GDCP and its Subsidiaries ESP in accordance with the terms of those programs; (y) provided that Executive does not violate the provisions of Section 8 of this Agreement, any vested benefits to which Executive is may be entitled by law under the Company’s tax-qualified plans; SERP (determined without regard to Section 3(f) of this Agreement), and (z) Stock Incentive Plan benefits, if any, to which Executive may be entitled (in each case in accordance with and subject to the terms of the applicable arrangement) under Sections 3(b3(b)(i) (Existing AwardsOptions) and or 3(c) (New Stock Awards)) and any vested benefits to which the Executive is entitled under the Company's tax-qualified plans. The Company does not waive any rights it may have for damages or for injunctive relief.

Appears in 1 contract

Samples: Employment Agreement (TJX Companies Inc /De/)

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Termination for Cause; violation of certain agreements. If the Company should end Executive’s 's employment for Cause Cause, or, notwithstanding Section 5 and Section 6(a) above, if Executive should violate the protected persons or noncompetition provisions of Section 8, all compensation and benefits otherwise payable pursuant to this Agreement shall cease, other than (x) such vested amounts as are credited to Executive’s 's account (but not received) under any nonqualified deferred compensation plan of the Company GDCP and its Subsidiaries ESP in accordance with the terms of those programs; (y) any vested benefits to which Executive is may be entitled by law under SERP (provided, that if Executive should end his employment voluntarily, such benefits shall be payable only if Executive does not violate the Company’s tax-qualified plans; provisions of Section 8), and (z) Stock Incentive Plan benefits, if any, to which Executive may be entitled (in each case in accordance with and subject to the terms of the applicable arrangement) under Sections 3(b3(b)(i) (Existing Awards) and Options), 3(c) (New Stock Awards), and 3(g) (Qualified Plans). The Company does not waive any rights it may have for damages or for injunctive relief.

Appears in 1 contract

Samples: Employment Agreement (TJX Companies Inc /De/)

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