Termination With Severance. If the Executive’s employment is terminated by the Company without Cause (other than as a result of the death or Disability of the Executive), the termination is a Change of Control Termination, or the termination is by the Executive for Good Reason, the Executive shall be entitled to payments of Base Salary and properly documented expense reimbursement that had accrued but had not been paid prior to the date of such termination, payments for any accrued but unused vacation time, and payments of the Severance.
Termination With Severance. If the Executive’s employment is terminated by the Company without Cause (other than as a result of the death or Disability of the Executive), if the termination is during the period that begins when negotiations with an unrelated third party for a Change of Control begin and ends on the twelve (12) month anniversary of the closing of the Change of Control transaction, or the termination is by the Executive for Good Reason, the Executive shall be entitled to payments of Base Salary and properly documented expense reimbursement that had accrued but had not been paid prior to the date of such termination, payments for any accrued but unused vacation time, and, subject to the requirements set forth in Section 10(f), payment of the Severance.
Termination With Severance. Except for the covenants, terms and -------------------------- conditions contained in Sections 8 and 9 (and, to the extent applicable to said sections, Sections 14 through 19), and subject to the terms and conditions of this Section 11, this Agreement may be terminated upon either of the following two events: (i) at the election of Employer at any time without Cause, by giving written notice of such election to Employee; and (ii) at the election of Employee, by giving written notice to the Board, if Employer (at a time when Employee is not in material breach of this Agreement) is in material breach of this Agreement and such breach continues for thirty (30) or more days after Employee gives written notice of such material breach to the Board. In the event of any termination pursuant to the foregoing sentence, Employee shall be entitled, without any duty to mitigate, to continue to receive his then-existing Base Salary under Section 4(a) hereof for a period of three months following the date of such termination (provided that such number of months shall increase by one month for each completed full year of Employee's employment by Employer). The rights of Employee under the foregoing sentence to his Base Salary and the obligations of Employer pertaining thereto, are contingent upon (i) Employee executing and delivering to Employer (in form and substance satisfactory to Employer) a release in favor of Employer, all affiliates of Employer and all of Employer's and such affiliate's respective stockholders, partners, officers, directors, employees, agents and representatives, from any and all claims arising under this Agreement or as a result of Employee's employment relationship with Employer or any of Employer's predecessors or affiliates and (ii) Employee complying with all of his post-termination obligations, including, but not limited to, his obligations under Section 8 and 9 hereof.
Termination With Severance. In the event the Participant’s employment with the Company and any subsidiary of the Company terminates and the Participant receives severance pay following Participant’s employment pursuant to a written agreement approved by the Company, the RSUs shall continue to vest through the end of the specified severance period and shall settle in accordance with the original schedule set forth in Section 4 of the Agreement. Any RSUs that will not vest as of the last day of the Participant’s specified severance period shall be forfeited as of the Participant’s employment termination date. In the event that the Participant returns to comparable employment with the Company or any subsidiary, as determined by the Company in its sole discretion, prior to the expiration of the specified severance period, the Participant shall be treated as if the Participant’s employment with the Company or any subsidiary of the Company had continued through the severance period for purposes of determining eligibility for continued vesting (if this occurs, the Participant is required to notify the Plan administrator by electronic mail to: Proprietary 2 Apr_2022_RSU_Award_Agreement xxxxxxxxxxxxxxxxxxxx@xxxxxxxxx.xxx). In the event that the Participant’s termination of employment also qualifies as a Qualified Retirement, the terms of this Section 8(b) or the terms of Section 8(c), whichever provides for greater benefits to the Participant, as determined by the Company in its sole discretion, shall be applied with respect to determining the vesting of the RSUs that are unvested as of the employment termination date. During the specified severance period, the Participant is eligible to accrue Dividend Equivalent(s) on outstanding RSUs as described in Section 3 above.
Termination With Severance. In the event the Employment Period is terminated by Employer pursuant to Section 5.2 at any time following a change in control of the Company or the Employment Period is terminated by Employer pursuant to notice given in accordance with Section 2 hereof, Employer shall pay to Executive (a) Base Salary for the twelve (12) month period following the date of termination (calculated at the applicable Base Salary rate which would have been in effect from time to time during the balance of Employment Period, assuming no termination), payable in equal installments at the times Base Salary would have been paid had the Employment Period not been terminated, (b) when due pursuant to the provisions of Section 4.2 the Bonus for the Bonus Year in which the Employment Period expired prorated as provided in said Section 4.2 and (c) if applicable, the Bonus for the last full Bonus Year pursuant to Section 4.2. Employer shall have no obligation to continue any other benefits provided for in Section 4 past the date of termination.
Termination With Severance. (i)RFB may be terminated as General Counsel with severance at any time by the Chairman of the Board with the approval of the Board of Directors of AMC Entertainment Inc. ("AMCE").
Termination With Severance. In the event the Corporation terminates Executive without cause or Executive resigns from his employment with the Corporation for Good Reason (as defined below), Executive shall be entitled to receive a lump sum severance equal to six months' base salary (at Executive's highest base salary rate during his employment with the Corporation) plus the pro-rated portion of Executive's then-current annual 'target' bonus. The severance payment described in the previous sentence will be paid to Executive within five business days following his termination without Cause or resignation for Good Reason. If Executive's employment termination occurs in connection with a Change in Control (as defined in the Income Continuity Program), Executive shall be entitled to receive the greater of: (i) the benefits provided under this Agreement or (ii) the benefits provided under the Income Continuity Program. For purposes of this Agreement, 'Good Reason' means any of the following conditions: (i) a material decrease in Executive's existing base salary or annual 'target' bonus percentage, and/or a material decrease in any of his employee benefits; provided that such decrease is not applicable to all officers of the Corporation, (ii) a material diminution in Executive's authority, duties, or responsibilities, (iii) a material diminution in the authority, duties, or responsibilities of the supervisor to whom Executive is required to report, (iv) a material diminution in the budget for which Executive retains authority, (v) a relocation of the Executive's primary office more than thirty-five (35) miles from its current location, or (vi) the material breach by the Corporation of the agreement under which Executive provides services. If one or more of the above conditions exists, Executive must provide notice to the Corporation within a period not to exceed ninety (90) days of the initial existence of the condition. Upon such notice, the Corporation must be provided a period of thirty (30) days during which it may remedy the condition."
Termination With Severance. Except as otherwise provided in Section 6.2 below, if the Employment Period shall be terminated by the Company prior to the third anniversary of the Effective Date for any reason other than for Cause or as a result of the death or Permanent Disability of the Employee, or if the Employee terminates the Agreement for "Good Reason", the Employee shall be entitled to receive an amount equal to the Employee's then current annual salary, exclusive of any bonuses, and shall continue group medical insurance and similar health benefits (the "Severance Pay"), for the period (the "Severance Period") commencing on the Termination Date and ending on the later of (i) the third (3rd) anniversary of the Effective Date or (ii) the one hundred eightieth (180th) day following the Termination Date, provided the Employee has not breached and does not breach the provisions of Sections 7 and 8 in this Agreement. However, any Severance Pay which is payable shall immediately be reduced by the amount of salary received by the Employee during the Severance Period as a result of the Employee's obtaining employment with another employer. The Company shall assist Employee in procuring new employment and Employee agrees to consider offers from any and all prospective employers procured by the Company, provided that employment offered is comparable in terms of duties, responsibilities, title, and compensation (including benefits, and incentive compensation) to the Employee's employment with the Company as of the Commencement Date. During each month of the Severance Period, Employee agrees to make himself available to the Company for up to six hours of strategic consulting upon the Company's reasonable request, and Employee shall be deemed employed as a consultant to the Company throughout the Severance Period.
Termination With Severance. In the event the Grantee’s employment with the Company and any subsidiary of the Company terminates and the Grantee receives severance pay following Participant’s employment pursuant to a written agreement approved by the Company, the Award shall continue to vest through the end of the specified severance period and shall settle in accordance with the original schedule set forth in Section 1 above, subject to actual performance. Any portion of the Award that will not vest as of the last day of the Grantee’s specified severance period shall be forfeited as of the Grantees employment termination date. In the event that the Grantee returns to comparable employment with the Company or any subsidiary, as determined by the Company in its sole discretion, prior to the expiration of the specified severance period, the Grantee shall be treated as if the Grantee’s employment with the Company or any subsidiary of the Company had continued through the severance period for purposes of determining eligibility for continued vesting (if this occurs, the Participant is required to notify the Committee by electronic mail to: xxxxxxxxxxxxxxxxxxxx@xxxxxxxxx.xxx).
Termination With Severance
