Common use of Termination without Cause or by Employee for Good Reason Clause in Contracts

Termination without Cause or by Employee for Good Reason. The Company may terminate Employee’s employment at any time without Cause upon thirty (30) days advance notice and Employee may terminate Employee’s employment for Good Reason, in accordance with the procedural requirements set forth below. If, during the Employment Term, Employee’s employment is terminated by the Company without Cause or by Employee for Good Reason, the Company shall provide Employee with: (i) the Accrued Rights; (ii) any earned (as determined uniformly with respect to other recipients of similar cash bonuses) Cash Bonus for the prior calendar year that had not yet been paid as of Employee’s employment termination; (iii) to the extent Employee terminates after the first quarter of any calendar year, a pro rata portion of the actual Cash Bonus for the year in which termination occurs, with such amount to be determined and payable similarly with respect to the relevant year’s Cash Bonus being determined and paid to all other eligible employees of the Company (but no later than March 15 of the year following the year of termination); (iv) LTI benefits shall be payable to the extent provided for in the underlying LTI plan document and award agreements; and (v) Severance Pay pursuant to, and subject to the requirements of, Section 6 or 7 below, as applicable.

Termination without Cause or by Employee for Good Reason. The Company may terminate Employee’s employment at any time without Cause upon thirty (30) days advance notice and Employee may terminate Employee’s employment for Good Reason, in accordance with the procedural requirements set forth below. If, during the Employment Term, Employee’s employment is terminated by the Company without Cause or by Employee for Good Reason, the Company shall provide Employee with: (i) the Accrued Rights; (ii) any earned (as determined uniformly with respect to other recipients of similar cash annual bonuses) Cash Annual Bonus for the prior calendar year that had not yet been paid as of Employee’s employment termination; (iii) to the extent Employee terminates after the first quarter of any calendar year, a pro rata portion of the actual Cash Annual Bonus for the year in which termination occurs, with such amount to be determined and payable similarly with respect to the relevant year’s Cash Annual Bonus being determined and paid to all other eligible employees of the Company (but no later than March 15 of the year following the year of termination); (iv) LTI benefits shall be payable to the extent provided for in the underlying LTI plan document and award agreements; and (v) Severance Pay pursuant to, and subject to the requirements of, Section 6 or 7 below, as applicable.

Termination without Cause or by Employee for Good Reason. The Company may terminate Employee’s employment at any time without Cause upon thirty (30) days advance notice notice, and Employee may terminate Employee’s employment for Good Reason, Reason in accordance with the procedural requirements set forth below. If, during the Employment Term, Employee’s employment is terminated by the Company without Cause or by Employee for Good Reason, the Company shall provide Employee with: (i) the Accrued Rights, less permitted statutory deductions and withholdings; (ii) any earned (as determined uniformly with respect to other recipients of similar cash annual bonuses) Cash Annual Bonus for the prior calendar year that had not yet been paid as of Employee’s employment termination; (iii) to the extent Employee terminates after the first quarter of any calendar year, a pro rata portion of the actual Cash target Annual Bonus for the year in which termination occurs, with such amount to be determined and payable similarly with respect to the relevant year’s Cash Annual Bonus being determined and paid to all other eligible employees of the Company (but no later than March 15 of the year following the year of termination); (iv) LTI benefits shall be payable to the extent provided for in the underlying LTI plan document and award agreements; and (v) Severance Pay pursuant to, and subject to the requirements of, Section 6 or 7 below, as applicable.

Termination without Cause or by Employee for Good Reason. The Company may terminate Employee’s employment at any time without Cause upon thirty (30) days advance notice and Employee may terminate Employee’s employment for Good Reason, in accordance with the procedural requirements set forth below. If, during the Employment Term, Employee’s employment is terminated by the Company without Cause or by Employee for Good Reason, the Company shall provide Employee with: (i) i. the Accrued Rights; (ii) . any earned (as determined uniformly with respect to other recipients of similar cash bonuses) Cash Bonus for the prior calendar year that had not yet been paid as of Employee’s employment termination; (iii) . to the extent Employee terminates after the first quarter of any calendar year, a pro rata portion of the actual Cash Bonus for the year in which termination occurs, with such amount to be determined and payable similarly with respect to the relevant year’s Cash Bonus being determined and paid to all other eligible employees of the Company (but no later than March 15 of the year following the year of termination); (iv) . LTI benefits shall be payable to the extent provided for in the underlying LTI plan document and award agreements; and (v) Severance x. Xxxxxxxxx Pay pursuant to, and subject to the requirements of, Section 6 or 7 below, as applicable.