Termination of Executive for Any Other Reason Sample Clauses

Termination of Executive for Any Other Reason. The Corporation shall have the right to terminate the Executive's employment for any other reason upon prior written notice to the Executive. In the event of a termination of the Executive's employment for any reason other than the reasons set forth in Sections 12(a), 12(b) or 12(c) hereof, (i) the Corporation shall be obligated to provide twelve (12) months severance or the balance of this Agreement, whichever is shorter, in equal semi-weekly installments or otherwise as agreed to by the parties, (ii) the Corporation shall be obligated to provide the Employee Benefits, at its expense, if and to the extent the Executive remains eligible to participate in such Employee Benefits pursuant to the terms and conditions of such policies, programs or plans, for the remaining period of the Term, or if Executive is not eligible, then the Corporation shall reimburse Executive for payments for health care coverage provided pursuant to the Comprehensive Omnibus Budget Reconciliation Act for the remaining period of the Term, and (iii) the Executive shall be entitled to retain all Options vested pursuant to Section 4(c) hereof as of the date of termination. Thereafter, the Corporation shall have no further obligation whatsoever to the Executive.
Sample 1
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Termination of Executive for Any Other Reason. The Corporation shall have the right to terminate the Executive's employment for any other reason upon prior written notice to the Executive. In the event of a termination of the Executive's employment for any reason other than the reasons set forth in Sections 12(a), 12(b) or 12(c) hereof, (i) the Corporation shall be obligated to provide twelve (12) months severance or the balance of this Agreement, whichever is shorter, in equal semi-weekly installments or otherwise as agreed to by the parties, and (ii) the Corporation shall be obligated to provide the Employee Benefits, at its expense, if and to the extent the Executive remains eligible to participate in such Employee Benefits pursuant to the terms and conditions of such policies, programs or plans, for the remaining period of the Term, or if Executive is not eligible, then the Corporation shall reimburse Executive for payments for health care coverage provided pursuant to the Comprehensive Omnibus Budget Reconciliation Act for the remaining period of the Term. Thereafter, the Corporation shall have no further obligation whatsoever to the Executive.
Sample 1
Termination of Executive for Any Other Reason. The Corporation shall have the right to terminate the Executive's employment for any other reason upon thirty (30) days prior written notice to the Executive. In the event of a termination of the Executive's employment for any reason other than the reasons set forth in Sections 12(a), 12(b) or 12(c) hereof, (i) the Corporation shall be obligated to provide twelve (12) months severance or the balance of this Agreement, whichever is shorter, in equal semi-weekly installments or otherwise as agreed to by the parties, (ii) the Corporation shall be obligated to provide the Employee Benefits, if any and to the extent the Executive remains eligible to participate in such Employee Benefits pursuant to the terms and conditions of such policies, programs or plans, for the remaining period of the Term (but in no event shall the total amount payable to the Executive hereunder be in excess of the Executive's then current Annual Salary, plus amounts payable pursuant to Section 12(d)(iii) below), (iii) the Corporation shall be obligated to pay the Executive the earned portion of the Annual Incentive Bonus and Special Year 2000 Performance Bonus as provided in Section 4(b) hereof, and (iv) the Executive shall be entitled to retain all Options vested pursuant to Section 4(d) hereof as of the date of termination and shall be entitled to retain such additional Options that would otherwise vest as within the twelve (12) month period immediately following such termination date. Thereafter, the Corporation shall have no further obligation whatsoever to the Executive.
Sample 1
Termination of Executive for Any Other Reason. Employer shall have the right to terminate Executive's employment for any other reason upon thirty (30) days prior written notice to Executive. If Executive's employment is terminated by the Employer for any reason other than the reasons set forth in Sections 6(a), 6(b) or 6(c) above, Employer shall be obligated to continue to pay to executive the salary then in effect for a period of six (6) months following such termination of employment.
Sample 1
Termination of Executive for Any Other Reason. The Corporation shall have the right to terminate the Executive's employment for any other reason other than for Cause, Disability or death upon thirty (30) days prior written notice to the Executive. In the event of a termination of the Executive's employment under this Section 11(d) or the expiration of the Term of this Agreement under Section 2 hereof, the Corporation shall be obligated to (i) pay to the Executive, not later than thirty (30) days after the effective date of the termination, the Termination Amount, (ii) pay to the Executive twenty-four (24) months of severance, with each monthly payment equal to one-twelfth (1/12) of the sum of the Annual Salary and Maximum Annual Bonus in effect for the year of termination, payable in semi-monthly installments unless otherwise agreed to by the parties, with payments beginning on the fifteenth (15th) day of the calendar month after Executive's termination, and (iii) provide to the Executive the Employee Benefits pursuant to the terms and conditions of such policies, programs or plans and the Additional Benefits for twenty-four (24) months; provided, however, that any severance or other benefits payable under this Section 11(d) shall terminate upon delivery of written notice to the Executive reasonably establishing the factual basis for the Corporation's claim of a material violation of the Executive's material covenants under Sections 7, 8 and 9 hereof.
Sample 1
Termination of Executive for Any Other Reason. The Corporation shall have the right to terminate the Executive's employment for any other reason upon thirty (30) days prior written notice to the Executive. In the event of a termination of the Executive's employment for any reason other than the reasons set forth in Sections 11(a), 11(b) or 11(c) hereof or the expiration of the Term of this Agreement, the Corporation shall be obligated only (i) to provide twenty-four (24) months severance in equal semi-weekly installments or otherwise as agreed to by the parties, (ii) to provide the Employee Benefits, if any and to the extent the Executive remains eligible to participate in such Employee Benefits pursuant to the terms and conditions of such policies, programs or plans, for twenty-four (24) months, and (iii) to pay the Executive the earned portion of the Annual Incentive Bonus as provided in Section 4(b) hereof; provided, however, that (x) any severance or other benefits payable under this Section 1l(d) shall terminate upon delivery of written notice to the Executive reasonably establishing the factual basis for the Corporation's claim of a material violation of the Executive's material covenants under Sections 7, 8 and 9 hereof and (y) the amounts payable hereunder shall be reduced by the amounts actually paid to the Executive from subsequent employment arrangements during the period that payments are made to the Executive pursuant to this Section 11(d).
Sample 1
Termination of Executive for Any Other Reason. The Company shall have the right to terminate Executive's employment at any time at will without cause or reason as specified in Section 1.02 above on prior written notice to Executive as therein specified.
Sample 1
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Related to Termination of Executive for Any Other Reason

  • Termination for Any Other Reason The expiration of three (3) months from the date of an Optionee's termination of employment or contractual relationship with the Company or any Related Corporation for any reason whatsoever other than cause, death or Disability (as defined in Section 5(g) of the Plan). Each unvested Option granted pursuant hereto shall terminate immediately upon termination of the Optionee's employment or contractual relationship with the Company for any reason whatsoever, including death or Disability unless vesting is accelerated in accordance with Section 5(f) of the Plan.

  • Termination of Employment for Other Reasons If your employment with the Company is terminated for any reason other than those reasons set forth in Sections 8 or 15 hereof, including without limitation a termination of your employment with or without cause, all shares of Restricted Stock held by you at the time of such employment termination, as to which the restrictions have not terminated, shall be forfeited by you to the Company, in accordance with the provisions of Section 7 hereof.

  • Termination for Any Reason Following the termination of Executive’s employment, regardless of the reason for such termination and including, without limitation, a termination of his employment by the Company for Cause or by Executive without Good Reason or upon expiration of the Employment Period, the Company will:

  • Termination of Employment by the Executive for Good Reason Subject to the notice and cure provisions set forth below, the Executive may terminate the Executive’s employment with the Company for Good Reason and receive the Severance Package provisions of Section 5 if any of the following have occurred without the Executive’s written consent (“Good Reason”):

  • Termination Without Cause or by Executive for Good Reason (a) Company and Executive each reserve the right to terminate Executive’s employment at any time. If a Termination Date occurs due to Company terminating Executive without Cause or Executive terminating for Good Reason (as defined herein), then Company or its successor shall have no further obligations under this Agreement except that Company or its successor shall pay to Executive the amounts shown in Section 4.5(c) hereof.

  • Termination for Any Reason Except Death, Disability or Cause If Optionee is Terminated for any reason except Optionee’s death, Disability or Cause, then this Option, to the extent (and only to the extent) that it is vested in accordance with the schedule set forth in Section 2.1 of this Agreement on the date of Termination, may be exercised by Optionee no later than three (3) months after the date of Termination, but in any event no later than the Expiration Date.

  • Termination by the Executive for Good Reason Termination by the Executive of the Executive’s employment with the Company for Good Reason. For purposes of this Agreement, “Good Reason” shall mean that the Executive has complied with the “Good Reason Process” (hereinafter defined) following, the occurrence of any of the following events:

  • Termination by the Company for Cause or by Executive Without Good Reason If Executive’s employment is terminated by the Company for Cause or by Executive without Good Reason, the Company shall pay Executive all amounts earned or accrued hereunder through the termination date, including:

  • Termination by Employer Without Cause or by Executive for Good Reason If Employer terminates Executive’s employment without Cause, or if Executive terminates his employment for Good Reason, Employer shall pay Executive in a lump sum: (i) all Base Salary earned and all reimbursable expenses incurred under this Agreement through such termination date; and (ii) an amount equal to one (1) times Executive’s highest Base Salary over the prior three (3) years. The amount described in 5.b.(i) herein shall be paid no later than forty-five (45) days after the day on which employment is terminated. The amount described in 5.b.(ii) herein shall be paid on the first day of the month following a period of six (6) months after the termination of employment, provided that the payment may be made sooner if either (i) the amount does not exceed the IRC Safe Harbor or (ii) at the Executive’s election, the amount described in Section 5.a.(ii) is reduced to fit within the IRC Safe Harbor. No payment will be made pursuant to Section 5.a.(ii) unless the Executive has signed a Release Agreement which has become irrevocable prior to the payment date.

  • Good Reason; Other Than for Cause, Death or Disability If, during the Employment Period, the Company shall terminate the Executive's employment other than for Cause or Disability or the Executive shall terminate employment for Good Reason:

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