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 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.

Appears in 5 contracts

Samples: Employment Agreement (Inspire Insurance Solutions Inc), Employment Agreement (Prime Companies Inc), 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 (iiiii) 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.

Appears in 2 contracts

Samples: Employment Agreement (Inspire Insurance Solutions Inc), 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(d8(c) 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.

Appears in 1 contract

Samples: Employment Agreement (Inspire Insurance Solutions Inc)

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