Termination other than for Cause; Good Reason Sample Clauses

Termination other than for Cause; Good Reason. If Employee's employment is terminated by the Company other than for Cause or if Employee terminates his employment due to a Good Reason, then Employee shall be entitled to receive severance pay from the Company in an amount equal to Employee's base salary for the six calendar month period immediately preceding the Termination Date. Any severance payment to which Employee is entitled pursuant to this Section shall be paid by the Company to Employee in cash and in full not later than thirty (30) calendar days following the Termination Date.
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Termination other than for Cause; Good Reason. Subject to Section 7, if the Corporation terminates this Agreement and Executive's employment for any reason (including not renewing upon expiration of the Initial Term or Renewal Term, as applicable) other than For Cause or if Executive terminates his employment with the Corporation for Good Reason, then the Corporation shall pay Executive the unpaid Base Salary and benefits (including any unpaid bonus) earned and accrued through the date of termination, plus the Corporation shall pay, as severance, an amount equal to the product obtained by multiplying (x) Executive's Base Salary in effect on the date of termination, by (y) two (2). Twenty-five (25%) percent of the severance amount, less applicable withholdings, shall be made within sixty (60) days following the termination of this Agreement and the balance shall be paid, less applicable withholdings, in eighteen (18) equal monthly installments with the first installment due and payable within ninety (90) days following the termination of Executive's employment.
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Termination other than for Cause; Good Reason. During the Term, the Company may terminate Executive’s employment other than for Cause, or Executive may terminate his employment for “Good Reason.” If Executive’s employment terminates pursuant to this Section 5(d) during the Term, then Executive shall be entitled to (i) the Accrued Obligations, (ii) an amount equal to twenty-four (24) months’ worth of Executive’s Base Salary (as described in Section 3(a) above) as of the Termination Date, paid out beginning on the thirtieth (30th) day following Executive’s Termination and continuing until the second anniversary of Executive’s Termination Date according to the Company’s normal payroll practices, with the first payment including any payments that would have been made during the initial thirty (30) day period absent such delayed start date, (iii) if not previously paid prior to the Termination Date, the Executive’s bonus as described in Section 3(c) of this Agreement for the Fiscal Year prior to the Fiscal Year in which the Termination Date occurs, (iv) an amount equal to the greater of (A) the target annual incentive opportunity as described in Section 3(c) of this Agreement for the Fiscal Year in which the Termination Date occurs or (B) the actual annual incentive payment earned for the immediately preceding fiscal year paid within thirty (30) days following the second anniversary of the Executive’s Termination Date, and (v) a single cash lump sum payment paid thirty (30) days following Executive’s Termination Date equal to the amount Executive would have to pay for coverage of the Executive and/or the Executive’s family according to the level of coverage Executive had in effect immediately prior to Executive’s Termination Date under the Company’s group health medical benefits plan pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended for a period of eighteen (18) months. Any severance payments in 5(d) (iii) – (v) shall be contingent upon Executive executing and not revoking a release of claims in a form provided by the Company. For purposes of this Agreement, the Executive will have “Good Reason” to terminate his employment under this Agreement if the Company (or any resulting or surviving entity in the event of a Change in Control): (1) materially breaches this Agreement; (2) takes any other action that results in a material diminution or adverse change in Executive’s status, title, position, compensation, geographic primary work location, responsibilities, other than an ins...
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Termination other than for Cause; Good Reason. The Company may terminate Executive’s employment other than for Cause or Executive may terminate his employment for Good Reason (as defined in the Offer Letter). If Executive’s employment terminates pursuant to this Section 5(d), then Executive shall be entitled to (i) the Accrued Obligations, and (ii) the “Severance” payments and benefits described in the Offer Letter, provided that, any such severance payments shall be contingent upon Executive executing and not revoking a release of claims in a form provided by the Company. Notwithstanding anything to the contrary contained in the OIP or any award agreement granted thereunder, in the event Executive remains continuously employed with the Company through expiration of the Term, Executive will be considered to have retired under the terms of all outstanding equity awards, irrespective of whether such award contemplates retirement and shall be (1) fully vested in all time-based awards, and (2) eligible for full vesting of all performance-based awards, based on actual performance.
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Termination other than for Cause; Good Reason. If the Corporation terminates the Executive’s employment other than for Permanent Disability, death or Cause, or the Executive terminates his employment for Good Reason, the Corporation will provide the Executive with the following payments and benefits:
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Related to Termination other than for Cause; Good Reason

  • Termination for Cause or Other Than for Good Reason If during the Term the Executive’s employment shall be terminated by the Company for Cause or by the Executive for other than Good Reason, this Agreement shall terminate without further obligation on the part of the Company to the Executive, other than the Company’s obligation to pay the Executive the Accrued Obligations to the extent theretofore unpaid.

  • Termination by Employee other than for Good Reason The Employment under this Agreement may be terminated by Employee other than for Good Reason by written notice to the Board at least sixty (60) days prior to such termination. During the notice period, Employee shall diligently perform any assigned duties. The Company may make such resignation effective at any point during the notice period.

  • 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:

  • Involuntary Termination Other Than for Cause If Executive's employment is terminated as a result of an Involuntary Termination other than for Cause, then the following severance benefits shall be paid or otherwise provided to Executive: (A) the Company shall pay to Executive in the form of a lump sum payment, in cash, a severance payment equal to the lesser of (I) three (3) times Executive's Base Salary or (II) Executive's Base Salary multiplied by the sum of (x) the number of years (or any portion thereof, calculated on a daily basis) remaining under this Agreement had Executive's employment not been terminated, plus (y) an additional one-half year, however, in no event shall such payment equal less than 100% of Executive's Base Salary, which shall be paid to Executive within ten (10) days after the date of termination; (B) until the earlier of (I) the date this Agreement would otherwise have terminated had Executive's employment not been terminated (the 'Remaining Term') or (II) the expiration of the three (3) year period measured from the date of Executive's termination of employment. The Company shall at its sole cost and expense provide Executive (and Executive's eligible dependents, if any) with life, disability, and medical insurance benefits substantially similar to those benefits that Executive (and Executive's dependents) were receiving immediately prior to Executive's termination of employment; provided, however, that the benefits otherwise receivable by Executive pursuant to this Section 9(a)(ii)(B) shall be reduced to the extent comparable benefits are concurrently received by Executive (or Executive's dependents) pursuant to a similar plan or program of another employer, and any such other benefits actually received by Executive (or Executive's dependents) must be reported to the Company; and provided further, however, that the insurance coverage provided by the Company pursuant to this Section 9(a)(ii)(B) shall be in lieu of any other continued coverage to which Executive or Executive's dependents would otherwise, at Executive's own expense, be entitled in accordance with the requirements of Internal Revenue Code of 1986, as amended ('Code'), Section 4980B ('COBRA'), by reason of Executive's termination of employment; (C) all stock options, warrants, rights and other Company stock-related awards granted to Executive by the Company that would otherwise have vested or become exercisable at any time in the future shall become fully vested and nonforfeitable upon the date of Executive's termination of employment, the Company's repurchase rights, if any, with respect to those vested shares shall immediately lapse, and each such stock option, to the extent vested, shall remain exercisable for the vested option shares until the expiration or sooner termination of the option term in accordance with the provisions of the agreement evidencing such option; and (D) the Company shall pay or reimburse Executive for any and all expenses incurred by Executive for outplacement services selected by the Executive and approved by the Company, which approval will not be unreasonably withheld, until the earlier of (I) the first anniversary of the date of termination of employment or (II) the date on which Executive commences employment with another employer.

  • Termination for Cause; Resignation Without Good Reason; Death or Disability (i) The Company may terminate Executive’s employment with the Company at any time for Cause. Further, Executive may resign at any time without Good Reason. Executive’s employment with the Company may also be terminated due to Executive’s death or disability.

  • Termination for Cause; Resignation Without Good Reason If the Company terminates Executive’s employment with the Company for Cause, or Executive resigns without Good Reason, then Executive will not be entitled to any further compensation from the Company (other than accrued salary, and accrued and unused vacation, through Executive’s last day of employment), including severance pay, pay in lieu of notice or any other such compensation.

  • Termination Without Cause; Termination for Good Reason If the Company shall terminate the Executive’s employment, other than for Cause, or the Executive shall terminate his employment for Good Reason, then;

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

  • Good Reason; Other Than for Cause If, during the Term, the Company shall terminate Executive’s employment other than for Cause (but not for Disability), or the Executive shall terminate his employment for Good Reason:

  • Termination for Cause or Resignation without Good Reason If, during the Term of this Agreement, Executive’s employment is terminated by the Company for Cause, or Executive resigns his employment hereunder without Good Reason, the Company shall pay Executive the Termination Amounts, less standard deductions and withholdings. The Company shall thereafter have no further obligations to Executive under this Agreement, except as otherwise provided by law.

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