Termination for Other than Cause. Except as otherwise provided herein, if, prior to the later of May 30, 2012 and a Public Offering, the Participant’s employment is terminated for a reason other than by the Company for Cause (each, a “Section 6(b) Call Event”), with respect to Stock held by the Participant, the Company may purchase all or any portion of the shares of Stock then held by the applicable Participant Entities at a per share price equal to the Fair Value per share on the date the Call Notice is given, (the “Section 6(b) Repurchase Price”).
Termination for Other than Cause. Except as otherwise provided herein, if, prior to a Qualified IPO, the Participant’s employment is terminated for a reason other than by the Company for Cause (each, a “Section 6(b) Call Event”), with respect to Stock held by the Participant, the Company may purchase all or any portion of the shares of Stock then held by the applicable Participant Entities at a per share price equal to the Fair Value per share on the date the Call Notice is given, (the “Section 6(b) Repurchase Price”).
Termination for Other than Cause. Death or Disability Prior to a Change of Control or after Twelve Months Following a
Termination for Other than Cause. If such termination is the result of the discharge of Employee by Employer for any reason other than (i) his death or permanent disability, (ii) by Employer or Employee with notice pursuant to Section 8(d) or 8(c), respectively, or (iii) for cause (as defined in Section 8(b) hereof), then Employee shall be entitled to receive as a severance payment an amount equal to the salary (excluding bonuses) that Employee would have received for the remainder of the term of this Agreement in accordance with the regular payroll periods during the remainder of the term of this Agreement. If Employee's employment hereunder terminates because of the death of Employee, all amounts that may be due to him under the terms of this Agreement shall be paid to his administrators, personal representatives, heirs and legatees, as may be appropriate.
Termination for Other than Cause. Subject to the provisions of -------------------------------- Section 4 hereof, the Employee's employment may be terminated by either party by giving thirty (30) days written notice to the other party. If the Employee terminates his employment, it shall be considered to be a termination of the Employee's employment by the Company for other than Cause if any of the following events shall occur: if the Company (a) fails to appoint (or elect) the Employee to the position or positions listed in Section 1.01 hereof; (b) fails to comply with the provisions of Section 2 hereof; (c) engages in conduct that, against the Employee's volition, would cause the Employee to commit fraudulent acts or would expose the Employee to criminal liability; (d) reduces or attempts to reduce the Employee's annual compensation (as described in Section 2 hereof); (e) takes or attempts to take from the Employee a title or an office; or (f) effects or attempts to effect a significant change in the Employee's responsibilities and/or duties which constitutes a demotion in the judgment of the Employee (such judgment being exercised in good faith).
Termination for Other than Cause. Company shall have the right to terminate Employee’s employment at any time for other than cause. In the event that Company terminates Employee’s employment for other than cause, provided that Employee executes a general liability release in a form satisfactory to Company, Company shall pay to Employee the amount of six (6) months’ base compensation, subject to applicable federal, state, and local deductions. For purposes of Xxxxxxx 000X xx xxx Xxxxxx Xxxxxx Internal Revenue Code of 1986, as amended, and the Treasury Regulations (including proposed regulations) and guidance promulgated thereunder (collectively, “Code Section 409A”), Employee’s termination pursuant to this subsection (b) is intended to mean an involuntary Separation from Service as defined in Code Section 409A.
Termination for Other than Cause. If the Company terminates the Executive’s employment with the Company for any reason other than Cause, the Company will pay the Executive as wages the greater of an amount equal to two times the annual average of Executive’s Earned Compensation or the amount to which executive would be entitled under Article 2 of this agreement had the Executive given notice of retirement one year before the date on which the Company terminated the Executive’s employment. “
Termination for Other than Cause. If such termination (i) occurs before expiration of the Initial Term and (ii) is the result of the discharge of Employee by Employer for any reason other than for cause (as defined in Section 6(b) hereof), death or permanent disability, then Employee shall be entitled to receive, as a severance payment, an amount equal to the Salary that Employee would have received for the remainder of the Initial Term of this Agreement.
Termination for Other than Cause. During the Employment Period, the Company may terminate Executive's employment at any time for other than cause on 30 days' written notice to Executive. Such termination shall be deemed effective 30 days after Executive's receipt of the written notice of termination or at such later date as may be specified in such notice.
Termination for Other than Cause. If such termination is the result of the discharge of the Employee by the Company for any reason other than (i) his death or permanent disability, (ii) by the Company or the Employee with notice pursuant to Section 8(d) or 8(c), respectively, or (iii) for cause (as defined in Section 8(b) hereof), then the Employee shall be entitled to receive as severance compensation an amount equal to the salary (excluding bonuses) that the Employee would have received for the greater of 90 days or the remainder of the term of this Agreement, in either case, in accordance with the regular payroll periods of the Company. The severance payment provided for in this Section 9(b) shall be made to the Employee on the effective date of the termination. If the Employee's employment hereunder terminates because of the death of the Employee, all amounts that may be due to him under the terms of this Agreement shall be paid to his administrators, personal representatives, heirs and legatees, as may be appropriate.
