Common use of Termination for Cause; Voluntary Resignation Clause in Contracts

Termination for Cause; Voluntary Resignation. In the event Executive's employment terminates during the Employment Period other than in connection with a termination meeting the conditions of subparagraphs (ii), (iii), (iv), or (v) of this Section 7(c), Executive shall receive the amounts set forth in Section 7(c)(i) in full satisfaction of all of his entitlements from the Company. All equity-based awards not vested as of the Date of Termination shall terminate (unless otherwise provided in the applicable award agreement) and Executive shall have no further entitlements with respect thereto.

Appears in 7 contracts

Samples: Employment Agreement (Bay Apartment Communities Inc), Employment Agreement (Avalon Bay Communities Inc), Employment Agreement (Avalon Bay Communities Inc)

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Termination for Cause; Voluntary Resignation. In the event Executive's employment terminates during the Employment Period other than in connection with a termination meeting the conditions of subparagraphs (ii), (iii), (iv), (v) or (vvi) of this Section 7(c), Executive shall receive the amounts set forth in Section 7(c)(i) in full satisfaction of all of his entitlements from the Company. All equity-based awards not vested as of the Date of Termination shall terminate (unless otherwise provided in the applicable award agreement) and Executive shall have no further entitlements with respect thereto.

Appears in 3 contracts

Samples: Employment Agreement (Avalonbay Communities Inc), Employment Agreement (Avalonbay Communities Inc), Employment Agreement (Avalonbay Communities Inc)

Termination for Cause; Voluntary Resignation. In the event Executive's employment terminates during the Employment Period other than in connection with a termination meeting the conditions of subparagraphs (ii), (iii), (iv), (v) or (vvi) of this Section 7(c8(c), Executive shall receive the amounts set forth in Section 7(c)(i8(c)(i) in full satisfaction of all of his entitlements from the Company. All equity-based awards not vested as of the Date of Termination shall terminate (unless otherwise provided in the applicable award agreement) and Executive shall have no further entitlements with respect thereto.

Appears in 3 contracts

Samples: Employment Agreement (Avalon Properties Inc), Employment Agreement (Avalon Properties Inc), Employment Agreement (Avalon Properties Inc)

Termination for Cause; Voluntary Resignation. In the event Executive's employment terminates during the Employment Period other than in connection with a termination meeting the conditions of subparagraphs (ii), (iii), (iv), ) or (v) of this Section 7(c), Executive shall receive the amounts set forth in Section 7(c)(i) in full satisfaction of all of his entitlements from the Company. All equity-based awards not vested as of the Date of Termination shall terminate (unless otherwise provided in the applicable award agreement) and Executive shall have no further entitlements with respect thereto.

Appears in 3 contracts

Samples: Employment Agreement (Avalonbay Communities Inc), Employment Agreement (Avalonbay Communities Inc), Employment Agreement (Avalonbay Communities Inc)

Termination for Cause; Voluntary Resignation. In the event Executive's ’s employment terminates during the Employment Period other than in connection with a termination meeting the conditions of subparagraphs clauses (ii), (iii), (iv), ) or (v) of this Section 7(c)7.3, Executive shall receive the amounts set forth in Section 7(c)(i7.3(i) in full satisfaction of all of his Executive’s entitlements from the CompanyIMH or Infinet, as applicable. All equity-based awards not vested as of the Date of Termination shall terminate (unless otherwise provided in the applicable award agreement) and Executive shall have no further entitlements with respect thereto.

Appears in 2 contracts

Samples: Employment Agreement (IMH Financial Corp), Employment Agreement (IMH Financial Corp)

Termination for Cause; Voluntary Resignation. In the event Executive's ’s employment terminates during the Employment Period other than in connection with a termination meeting the conditions of subparagraphs (ii), (iii), (iv), (v) or (vvi) of this Section 7(c), Executive shall receive the amounts set forth in Section 7(c)(i) in full satisfaction of all of his entitlements from the Company. All equity-based awards not vested as of the Date of Termination shall terminate (unless otherwise provided in the applicable award agreement) and Executive shall have no further entitlements with respect thereto.

Appears in 2 contracts

Samples: Employment Agreement (Avalonbay Communities Inc), Employment Agreement (Avalonbay Communities Inc)

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Termination for Cause; Voluntary Resignation. In the event Executive's employment terminates during the Employment Period other than in connection with a termination meeting the conditions of subparagraphs (ii), (iii), (iv), (v) or (vvi) of this Section 7(c), Executive shall receive the amounts set forth in Section 7(c)(i) in full satisfaction of all of his entitlements from the Company. All equity-based awards not vested as of the Date of Termination shall terminate (unless otherwise provided in the applicable award agreement) and Executive shall have no further entitlements with respect thereto.

Appears in 2 contracts

Samples: Employment Agreement (Avalon Properties Inc), Employment Agreement (Avalon Properties Inc)

Termination for Cause; Voluntary Resignation. In the event Executive's employment terminates during the Employment Period other than in connection with a termination meeting the conditions of subparagraphs (ii), (iii), (iv), or (v) of this Section 7(c), Executive shall receive the amounts set forth in Section 7(c)(i) in full satisfaction of all of his entitlements from the Company. All equity-based awards not vested as of the Date of Termination shall terminate (unless otherwise provided in the applicable award 16 agreement) and Executive shall have no further entitlements with respect thereto.

Appears in 1 contract

Samples: Employment Agreement (Avalon Bay Communities Inc)

Termination for Cause; Voluntary Resignation. In the event Executive's employment terminates during the Employment Period other than in connection with a termination meeting the conditions of subparagraphs (ii), (iii), (iv), or (v) of this Section 7(c), Executive shall receive the amounts set forth in Section 7(c)(i) in full satisfaction of all of his her entitlements from the Company. All equity-based awards not vested as of the Date of Termination shall terminate (unless otherwise provided in the applicable award agreement) and Executive shall have no further entitlements with respect thereto.

Appears in 1 contract

Samples: Employment Agreement (Bay Apartment Communities Inc)

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