Common use of Termination Without Cause by Company/Severance Clause in Contracts

Termination Without Cause by Company/Severance. Company may terminate Executive’s employment under this Agreement without Cause at any time on thirty (30) days’ advance written notice to Executive. In the event of such termination, Executive will receive the Base Salary prorated to the date of termination and the Severance Package described in subsection 7.2(a) below, provided Executive complies with all of the conditions described in subsection 7.2(b) below.

Appears in 14 contracts

Samples: Executive Employment Agreement (P F Changs China Bistro Inc), Executive Employment Agreement (P F Changs China Bistro Inc), Executive Employment Agreement (Jamba, Inc.)

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Termination Without Cause by Company/Severance. Company may terminate Executive’s 's employment under this Agreement without Cause at any time on thirty (30) 30 days' advance written notice to Executive. In the event of such terminationtermination and provided that section 8.5 does not apply, Executive will receive the Base Salary prorated Standard Entitlements and will be eligible to the date of termination and the receive a "Severance Package Package" as described in subsection 7.2(a(a) below, provided Executive complies with all of the conditions described set forth in subsection 7.2(b(b) below. All other Company obligations to Executive will be automatically terminated and completely extinguished.

Appears in 4 contracts

Samples: Executive Employment Agreement (AmNet Mortgage, Inc.), Executive Employment Agreement (AmNet Mortgage, Inc.), Executive Employment Agreement (AmNet Mortgage, Inc.)

Termination Without Cause by Company/Severance. Company may terminate Executive’s 's employment under this Agreement without Cause at any time on thirty (30) days' advance written notice to Executive. In the event of such termination, Executive will receive the Base Salary prorated to the date of termination and the Severance Package described in subsection 7.2(a) below, provided Executive complies with all of the conditions described in subsection 7.2(b) below.

Appears in 4 contracts

Samples: Executive Employment Agreement (P F Changs China Bistro Inc), Executive Employment Agreement (P F Changs China Bistro Inc), Executive Employment Agreement (P F Changs China Bistro Inc)

Termination Without Cause by Company/Severance. Company may terminate Executive’s employment under this Agreement without Cause at any time on thirty (30) 30 days’ advance written notice to Executive. In the event of such termination, Executive will receive the Base Salary prorated Standard Entitlements and will be eligible to the date of termination and the receive a “Severance Package Package” as described in subsection 7.2(asubparagraph (a) below, provided Executive complies with all of the conditions described set forth in subsection 7.2(bsubparagraph (b) below. All other Company obligations to Executive will be automatically terminated and completely extinguished.

Appears in 4 contracts

Samples: Employment Agreement (American Residential Investment Trust Inc), Employment Agreement (American Residential Investment Trust Inc), Executive Employment Agreement (American Residential Investment Trust Inc)

Termination Without Cause by Company/Severance. Company may also terminate Executive’s employment under this Agreement without Without Cause at any time on thirty (30) days’ advance written notice to Executivewithout notice. In the event of such termination, Executive will receive the Executive’s Base Salary then in effect, prorated to the date of termination, and any accrued benefits through the date of termination and the Severance Package described shall be entitled to no other payments or benefits except as set forth in subsection 7.2(a) below, provided Executive complies with all of the conditions described in subsection 7.2(b) below.this

Appears in 2 contracts

Samples: Executive Employment Agreement, Executive Employment Agreement (Jamba, Inc.)

Termination Without Cause by Company/Severance. Company may terminate Executive’s employment under this Agreement without Cause at any time on thirty (30) days’ advance written notice to Executive. In the event of such termination, Executive will receive the Standard Entitlements and a “Severance Payment” equivalent to four (4) months of Executive’s Base Salary prorated to then in effect on the date of termination and the Severance Package described termination, payable in subsection 7.2(a) belowaccordance with Company’s regular payroll cycle, provided Executive that Executive: (a) complies with all surviving provisions of the conditions described this Agreement as specified in subsection 7.2(b12.8 below; and (b) belowexecutes a full general release in a form suitable to Company. All other Company obligations to Executive will be automatically terminated and completely extinguished.

Appears in 1 contract

Samples: Executive Employment Agreement (FLO Corp)

Termination Without Cause by Company/Severance. Company may terminate Executive’s employment under this Agreement without Cause at any time on thirty (30) days’ advance written notice to Executive. In the event of such termination, Executive will receive the Standard Entitlements and a “Severance Payment” equivalent to six (6) months of Executive’s Base Salary prorated to then in effect on the date of termination and the Severance Package described termination, payable in subsection 7.2(a) belowaccordance with Company’s regular payroll cycle, provided Executive that Executive: (a) complies with all surviving provisions of the conditions described this Agreement as specified in subsection 7.2(b12.8 below; and (b) belowexecutes a full general release in a form suitable to Company. All other Company obligations to Executive will be automatically terminated and completely extinguished.

Appears in 1 contract

Samples: Executive Employment Agreement (FLO Corp)

Termination Without Cause by Company/Severance. Company may terminate Executive’s 's employment under this Agreement without Cause at any time on thirty (30) days' advance written notice to Executive. In the event of such termination, Executive will receive the Base Salary prorated to the date of termination Standard Entitlements and the "Severance Package Package" described in subsection 7.2(a) below, provided that Executive complies agrees to comply with all of the conditions described set forth in subsection 7.2(b) below. All other Company obligations to Executive pursuant to this Agreement will be automatically terminated and completely extinguished.

Appears in 1 contract

Samples: Executive Employment Agreement (Kratos Defense & Security Solutions, Inc.)

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Termination Without Cause by Company/Severance. Company may terminate Executive’s employment under this Agreement without Cause at any time on thirty (30) days’ advance written notice to Executive. In the event of such termination, Executive will receive the Base Salary prorated to the date of termination Standard Entitlements and the Severance Package Package” described in subsection 7.2(a) below, provided that Executive complies agrees to comply with all of the conditions described set forth in subsection 7.2(b) below. All other Company obligations to Executive pursuant to this Agreement will be automatically terminated and completely extinguished.

Appears in 1 contract

Samples: Executive Employment Agreement (Wireless Facilities Inc)

Termination Without Cause by Company/Severance. Company may terminate Executive’s employment under this Agreement without Cause at any time on thirty (30) days’ advance written notice to Executive. In the event of such termination, and only if such termination occurs other than within twelve months after a Change in Control (as that term is defined below), Executive will receive the Base Salary prorated to the date of termination Standard Entitlements and the a “Severance Package Package” described in subsection 7.2(a) below, provided Executive complies with all of the severance conditions described set forth in subsection 7.2(b) below. All other Company obligations to Executive will be automatically terminated and completely extinguished.

Appears in 1 contract

Samples: Executive Employment Agreement (La Jolla Pharmaceutical Co)

Termination Without Cause by Company/Severance. Company may terminate Executive’s employment under this Agreement without Cause at any time on thirty (30) days’ advance written notice to Executive. In the event of such termination, Executive will receive the Base Salary Executive’s base salary then in effect, prorated to the date of termination termination, and the Accrued Benefits. In addition, Executive will receive a “Severance Package described in subsection 7.2(a) below, provided Executive complies with all of the conditions described in subsection 7.2(b) below.Payment” equivalent to twelve

Appears in 1 contract

Samples: Executive Employment Agreement (Paylocity Holding Corp)

Termination Without Cause by Company/Severance. Company may terminate Executive’s employment under this Agreement without Cause at any time on thirty ninety (3090) days’ advance written notice to Executive. In the event of such termination, Executive will receive the Base Salary prorated to the date of termination and the Severance Package described in subsection 7.2(a) below, provided Executive complies with all of the conditions described in subsection 7.2(b) below.

Appears in 1 contract

Samples: Executive Employment Agreement (Jamba, Inc.)

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