Common use of Termination for Other than Cause Clause in Contracts

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

Appears in 1 contract

Samples: Employment Agreement (Inspire Insurance Solutions Inc)

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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,

Appears in 1 contract

Samples: Employment Agreement (Inspire Insurance Solutions Inc)

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 (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(b6(b) hereof), death or permanent disability, then Employee shall be entitled to receive receive, as a severance payment payment, an amount equal to the salary (excluding bonuses) Salary that Employee would have received for the remainder of the termInitial Term of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Omp Inc)

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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 not 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 termpayment.

Appears in 1 contract

Samples: Employment Agreement (Inspire Insurance Solutions Inc)

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