Common use of Termination Not for Cause or for Good Reason Clause in Contracts

Termination Not for Cause or for Good Reason. (a) Except as provided in Section 6.2 hereof, if Executive's employment is terminated (i) by the Company other than for Cause (as defined in this Section 6.1) or (ii) by Executive for Good Reason (as defined in this Section 6.1), Executive shall receive a severance payment equal to the remaining Base Salary owed by Company to Executive for the balance of the then Term plus twelve month's additional Base Salary plus Target Bonus under the Company's Corporate Management Incentive Plan, as in effect immediately prior to the event giving rise to such termination, payable in accordance with the ordinary payroll practices of the Company,

Appears in 1 contract

Samples: Employment Agreement (Brunos Inc)

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Termination Not for Cause or for Good Reason. (a) Except as provided in Section 6.2 hereof, if If Executive's employment is terminated (i) by the Company other than for Cause (as defined in this Section 6.1) or (ii) by Executive for Good Reason (as defined in this Section 6.1)) prior to the Termination Date, Executive shall receive a severance payment equal to the remaining Base Salary owed by Company to Executive for the balance of the then Term plus twelve month's additional Base Salary plus Target Bonus under the Company's Corporate Management Incentive PlanSalary, as in effect immediately prior to the event giving rise to such termination, payable in accordance with the ordinary payroll practices of the Company,, but no less frequently than monthly following such termination of employment. In addition, the Company shall pay to Executive any earned but unpaid bonus of Executive with respect to the year preceding his termination.

Appears in 1 contract

Samples: Employment Agreement (Brunos Inc)

Termination Not for Cause or for Good Reason. (a) Except as provided in Section 6.2 hereof, if If Executive's employment is terminated (i) by the Company other than for Cause (as defined in this Section 6.1) or (ii) by Executive for Good Reason (as defined in this Section 6.1), Executive shall receive a severance payment equal to the remaining Base Salary owed by Company to Executive for the balance of the then Term plus twelve month's additional Base Salary plus Target Bonus under the Company's Corporate Management Incentive PlanSalary, as in effect immediately prior to the event giving rise to such termination, payable in accordance with the ordinary payroll practices of the Company,, but no less frequently than semi-monthly following such termination of employment. In addition, the Company shall pay to Executive any earned but unpaid bonus of Executive with respect to the year preceding his termination.

Appears in 1 contract

Samples: Employment Agreement Agreement (Brunos Inc)

Termination Not for Cause or for Good Reason. (a) Except as provided in Section 6.2 hereof, if If Executive's employment is terminated (i) by the Company other than for Cause (as defined in this Section 6.1) or (ii) by Executive for Good Reason (as defined in this Section 6.1)) prior to the Termination Date, Executive shall receive a severance payment equal to the remaining Base Salary owed by Company to Executive for the balance of the then Term plus twelve month's additional Base Salary plus Target Bonus under the Company's Corporate Management Incentive PlanSalary, as in effect immediately prior to the event giving rise to such termination, payable in accordance with the ordinary payroll practices of the Company,, but no less frequently than monthly following such termination of employment. In addition, the Company shall pay to Executive his Performance Bonus (to the extent earned but unpaid) with respect to the year preceding his termination.

Appears in 1 contract

Samples: Employment Agreement (Brunos Inc)

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Termination Not for Cause or for Good Reason. (a) Except as provided in Section 6.2 hereof, if If Executive's employment is terminated (i) by the Company other than for Cause (as defined in this Section 6.1) or (ii) by Executive for Good Reason (as defined in this Section 6.1)) prior to the Termination Date, Executive shall receive a severance payment equal to the remaining Base Salary owed by Company to Executive for the balance of the then Term plus twelve month's additional Base Salary plus Target Bonus under the Company's Corporate Management Incentive PlanSalary, as in effect immediately prior to the event giving rise to such termination, payable in accordance with the ordinary payroll practices of the Company,, but no less frequently than semi-monthly following such termination of employment. In addition, the Company shall pay to Executive any earned but unpaid bonus of Executive with respect to the year preceding her termination.

Appears in 1 contract

Samples: Employment Agreement Agreement (Brunos Inc)

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