Common use of Termination With Severance Clause in Contracts

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.

Appears in 10 contracts

Samples: Employment Agreement, Employment Agreement (VBI Vaccines Inc/Bc), Employment Agreement (Paulson Capital (Delaware) Corp.)

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