Termination Without Cause by Company or For Good Reason by Executive Sample Clauses

Termination Without Cause by Company or For Good Reason by Executive. (i) In General. Except as otherwise provided in Section 1.6, including, without limitation, Section 1.6 (c) and (d) below, in the case of a termination of Executive’s employment that constitutes a Separation from Service (as defined below) during the Initial Term or any Renewal Term hereunder Without Cause in accordance with Section 1.5(a)(v) or for Good Reason by Executive in accordance with Section 1.5(a)(vi) above,
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Termination Without Cause by Company or For Good Reason by Executive. Subject to the provisions set forth in this Agreement, in the case of a termination prior to the fourth anniversary of the Effective Date of Executive's employment hereunder Without Cause in accordance with Section 1.5.1.5 or for Good Reason by Executive in accordance with Section 1.5.1.6 above, (a) Company shall pay, and Company shall continue to pay Executive's Base Salary (in the case where Executive’s employment is terminated by him for Good Reason due to a reduction in his Base Salary without his consent, then Base Salary in this circumstance shall mean that amount paid as such prior to any such reduction) and Executive shall continue to be eligible to receive all benefits provided pursuant to Section 1.4.4 for a period ending on the fourth anniversary of the Effective Date and the Revenue Payment Bonuses for such period and on such terms and conditions as such payments were awarded at the time of grant (hereinafter the “Severance Payments”); provided that for the avoidance of doubt, Severance Payments shall not include any Other Bonuses; and (b) all unvested stock options held by Executive shall immediately vest. Any such Severance Payments shall be payable in installments in accordance with Company's normal payroll practices and subject to the tax withholding specified in Section 1.4.1 above, as full, final and complete satisfaction of its obligations under this Agreement, and Executive shall have no further claims against Company for any further compensation whatsoever, other than the continuation of any employee welfare benefits as may be and to the extent required by law.
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Termination Without Cause by Company or For Good Reason by Executive. The Company may terminate the Employee’s employment without Cause or the Executive may terminate for Good Reason at any time upon thirty (30) days prior written notice. If there is a termination by the Company without Cause (not involving a Change of Control, death or Disability) or by the Executive for Good Reason, this Agreement shall terminate and the Employee shall be entitled to the severance benefits set forth below:
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Termination Without Cause by Company or For Good Reason by Executive. Subject to the provisions set forth in this Agreement, in the case of a termination of Executive's employment hereunder Without Cause in accordance with Section 1.5.5 or for Good Reason by Executive in accordance with Section 1.5.6, above, BV shall cause Company to pay, which obligation BV agrees to pay should Company fail to do so in breach of this Agreement, and Company shall continue to pay Executive's Base Salary for either (a) in the case of where the effective date of the Termination occurs during the Initial Term or (b) in the case where the effective date of the Termination occurs during a Renewal Term, then for a period of one-hundred eighty (180) days following the such date (hereinafter the "Severance Payments"), payable in installments in accordance with Company's normal payroll practices and subject to the tax withholding specified in Section 1.4.1 above. If Executive elects to continue health coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 ("COBRA"), BV shall cause Company to pay and Company will pay Executive's COBRA premiums in an amount sufficient to maintain the level of health benefits in effect on Executive's last day of employment (hereinafter "Benefit Continuation"), until the earlier of (i) the end of the COBRA coverage period, (ii) the termination of any period in which Executive receives the Severance Payments under this Section, or (iii) the date Executive receives comparable benefits from any other source, whichever occurs first. Nothing contained herein shall interfere with Executive's right to continue his continuation coverage under COBRA.
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Termination Without Cause by Company or For Good Reason by Executive. In the event that the Company terminates the Executive’s employment without Cause at any time after the Effective Date or the Executive terminates the Agreement for Good Reason, following 90 days after the Effective Date, the Company shall pay to Executive severance pay in a lump sum (less applicable tax withholdings) in an amount equal to 6 months Base Salary.
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Termination Without Cause by Company or For Good Reason by Executive 
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Related to Termination Without Cause by Company or For Good Reason by Executive

  • Termination by Company without Cause or by Executive for Good Reason If Executive's employment is terminated by the Company without Cause or by Executive for Good Reason:

  • Termination by Executive Without Good Reason Executive may terminate his employment upon 30 days’ written notice to the Company. In the event Executive terminates his employment in this manner, he shall remain in the Company’s employ subject to all terms and conditions of this Agreement for the entire 30-day period unless instructed otherwise by the Company in writing.

  • 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.

  • 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 by the Company Without Cause or by Executive for Good Reason If Executive’s employment is terminated by the Company without Cause or by Executive for Good Reason:

  • By the Company For Cause or By Executive Resignation Without Good Reason (i) The Employment Term and Executive's employment hereunder may be terminated by the Company for Cause (as defined below) and shall terminate automatically upon Executive's resignation without Good Reason (as defined in Section 7(c)).

  • By the Company Without Cause or Resignation by Executive for Good Reason (i) The Employment Term and Executive’s employment hereunder may be terminated by the Company without Cause or by Executive’s resignation for Good Reason.

  • Termination by Executive for Good Reason The Executive may terminate employment for Good Reason. For purposes of this Agreement, “Good Reason” shall mean:

  • Resignation by Executive without Good Reason The Executive may voluntarily terminate employment with the Company during the term of this Agreement, upon at least 60 days’ prior written notice to the Board of Directors, in which case the Executive shall receive only his compensation, vested rights, and Executive benefits up to the date of his termination of employment.

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