Common use of Termination without Cause; Resignation with Good Reason Clause in Contracts

Termination without Cause; Resignation with Good Reason. If, prior to the expiration of the Term, the Company terminates the Employee’s employment without Cause, or the Employee resigns with Good Reason, the Employee shall only be entitled to payment of the Employee’s earned but unpaid Base Salary through and including the date of termination and the Other Accrued Compensation and Benefits and, subject to Section 4(d), shall be entitled to receive the Severance Benefits. For purposes of this Agreement, “Severance Benefits” mean:

Appears in 4 contracts

Samples: Employment Agreement (SWK Holdings Corp), Employment Agreement (SWK Holdings Corp), Employment Agreement (SWK Holdings Corp)

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Termination without Cause; Resignation with Good Reason. If, prior to the expiration of the Term, the Company terminates the Employee’s employment without Cause, or the Employee resigns with Good Reason, the Employee shall only be entitled to payment of the Employee’s earned but unpaid Base Salary through and including the date of termination and the Other Accrued Compensation and Benefits and, subject to Section 4(d)) and the Employee’s compliance with Section 5 and Section 6 of this Agreement, shall be entitled to receive the Severance Benefits. For purposes of this Agreement, “Severance Benefits” mean:

Appears in 1 contract

Samples: Employment Agreement (SWK Holdings Corp)

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