Termination of Employment for Cause or Other Than for Good Reason. If, before the end of the Contract Term, the Company terminates the Executive's employment for Cause or the Executive terminates employment other than for Good Reason, then the Company shall pay to the Executive in a lump sum immediately after the Date of Termination that portion of the Executive's then current annual base salary which is accrued but unpaid as of such Date of Termination. The Executive will not be entitled to receive any other compensation or benefits under this Agreement.
Appears in 14 contracts
Samples: Employment Agreement (Intermet Corp), Employment Agreement (Intermet Corp), Employment Agreement (Intermet Corp)
Termination of Employment for Cause or Other Than for Good Reason. If, before the end of the Contract Term, the Company terminates the Executive's employment for Cause or the Executive terminates employment other than for Good Reason, then death or Disability, the Company's sole obligations to Executive under Articles IV, V and VI and the Annual Incentive Plan shall be as set forth in this Section 7.1. The Company shall pay to the Executive in a lump sum immediately after the Date of Termination that portion to the Executive an amount equal to the sum of (a) the Executive's then current annual base salary which is accrued but unpaid as of such Date of Termination. The Executive will not be entitled to receive any other compensation or benefits under this Agreement.Accrued Annual Base Salary and (b)
Appears in 4 contracts
Samples: Employment Agreement (Salton Inc), Employment Agreement (Salton Inc), Employment Agreement (Salton Inc)
Termination of Employment for Cause or Other Than for Good Reason. If, before the end of the Contract Term, the Company terminates the Executive's employment for Cause or the Executive terminates employment other than for Good Reason, then death or Disability, the Company shall pay to the Executive in a lump sum immediately after the Date of Termination that portion to the Executive an amount equal to the sum of (a) the Executive's then current annual base salary which is accrued but unpaid as of such Date of Termination. The Executive will not be entitled to receive any other compensation or benefits under this Agreement.Accrued Annual Base Salary and (b)
Appears in 3 contracts
Samples: Employment Agreement (Salton Maxim Housewares Inc), Employment Agreement (Salton Maxim Housewares Inc), Employment Agreement (Salton Maxim Housewares Inc)
Termination of Employment for Cause or Other Than for Good Reason. If, before the end of the Contract Term, the Company terminates the Executive's employment for Cause or the Executive terminates employment other than for Good Reason, then the Company shall pay to the Executive in a lump sum immediately after the Date of Termination that portion to the Executive, in a lump sum, an amount equal to the sum of (a) the Executive's then current annual base salary which is accrued but unpaid as of such Date of Termination. The Executive will not be entitled to receive any other compensation or benefits under this Agreement.Accrued Annual Base Salary, and (b)
Appears in 2 contracts
Samples: Employment Agreement (Snowdance Inc), Employment Agreement (Snowdance Inc)
Termination of Employment for Cause or Other Than for Good Reason. If, before the end of the Contract Term, the Company terminates the Executive's ’s employment for Cause or the Executive terminates employment other than for Good Reason, then the Company shall pay to the Executive in a lump sum immediately after the Date of Termination that portion of the Executive's ’s then current annual base salary which is accrued but unpaid as of such Date of Termination. The Executive will not be entitled to receive any other compensation or benefits under this Agreement.
Appears in 2 contracts
Samples: Employment Agreement (Intermet Corp), Employment Agreement (Intermet Corp)
Termination of Employment for Cause or Other Than for Good Reason. If, before the end of the Contract Term, the Company terminates the Executive's employment for Cause or the Executive terminates employment other than for Good Reason, then the Company shall pay to the Executive in a lump sum immediately after the Date of Termination that portion of the Executive's then current annual base salary Annual Base Salary which is accrued but unpaid as of such Date of Termination. The , but the Executive will not be entitled to receive any other compensation or benefits under this Agreement.
Appears in 1 contract
Samples: Employment Agreement (Intermet Corp)
Termination of Employment for Cause or Other Than for Good Reason. If, before the end of the Contract Term, the Company terminates the Executive's employment for Cause or the Executive terminates employment other than for Good Reason, then the Company shall pay to the Executive in a lump sum immediately after the Date of Termination that portion of the Executive's then current annual base salary Annual Base Salary which is accrued but unpaid as of such Date of Termination. The , but the Executive will not be entitled to receive any other compensation or benefits under this Agreement.other
Appears in 1 contract
Samples: Employment Agreement (Intermet Corp)
Termination of Employment for Cause or Other Than for Good Reason. If, before the end of the Contract Term, the Company terminates the Executive's employment for Cause or the Executive terminates employment other than for Good Reason, then the Company shall pay to the Executive in a lump sum immediately after the Date of Termination that portion of the Executive's then current annual base salary Annual Base Salary and full-year Bonus which is accrued but unpaid as of such Date of Termination. The , but the Executive will shall not be entitled to receive any pro rata bonus for the year in which termination occurs nor any other compensation or benefits under this Agreement.
Appears in 1 contract
