Common use of Termination Payments and Benefits Clause in Contracts

Termination Payments and Benefits. If, during the Employment Term, the Executive's employment hereunder is terminated by the Company without Cause (and other than by reason of the Executive's death or Disability), or the Executive terminates his employment for Good Reason, subject to (i) the Executive execution and non-revocation of a release of claims against the Company, substantially in the form attached hereto as EXHIBIT B attached hereto, (ii) the terms of Section 14 and (iii) the Executive's continued compliance with the covenants of Sections 12 and 13, during the Payment Period, then in such case the Company shall be obligated to pay to the Executive such payments and make available to the Executive such benefits as are set forth in this Section 10 during the Payment Period.

Appears in 7 contracts

Samples: Employment Agreement (Uici), Employment Agreement (Uici), Employment Agreement (Uici)

AutoNDA by SimpleDocs

Termination Payments and Benefits. If, during the Employment Term, the Executive's ’s employment hereunder is terminated by the Company without Cause (and other than by reason of the Executive's ’s death or Disability), or the Executive terminates his employment for Good Reason, subject to (i) the Executive execution and non-revocation of a release of claims against the Company, substantially in the form attached hereto as EXHIBIT B attached heretoExhibit B, (ii) the terms of Section 14 and (iii) the Executive's ’s continued compliance with the covenants of Sections 12 and 13, during the Payment Period, then in such case the Company shall be obligated to pay to the Executive such payments and make available to the Executive such benefits as are set forth in this Section 10 during the Payment Period.

Appears in 2 contracts

Samples: Employment Agreement (HealthMarkets, Inc.), Employment Agreement (HealthMarkets, Inc.)

Termination Payments and Benefits. If, during the Employment Term, the Executive's ’s employment hereunder is terminated by the Company without Cause (and other than by reason of the Executive's ’s death or Disability), or the Executive terminates his employment for Good Reason, subject to (i) the Executive execution and non-revocation of a release of claims against the Company, substantially in the form attached hereto as EXHIBIT B attached heretoExhibit B, (ii) the terms of Section 14 and (iii) the Executive's ’s continued compliance with the covenants of Sections 12 11 and 1312, during the Payment Period, then in such case the Company shall be obligated to pay to the Executive such payments and make available to the Executive such benefits as are set forth in this Section 10 9 during the Payment Period.

Appears in 1 contract

Samples: Employment Agreement (HealthMarkets, Inc.)

AutoNDA by SimpleDocs

Termination Payments and Benefits. If, during the Employment Term, the Executive's ’s employment hereunder is terminated by the Company without Cause (and other than by reason of the Executive's ’s death or Disability), or the Executive terminates his employment for Good Reason, subject to (i) the Executive execution and non-revocation of a release of claims against the Company, substantially in the form attached hereto as EXHIBIT Exhibit B attached hereto, (ii) the terms of Section 14 and (iii) the Executive's ’s continued compliance with the covenants of Sections 12 and 13, during the Payment Period, then in such case the Company shall be obligated to pay to the Executive such payments and make available to the Executive such benefits as are set forth in this Section 10 during the Payment Period.

Appears in 1 contract

Samples: Employment Agreement (HealthMarkets, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!