Termination Without Cause; Termination for Good Reason. In the event (i) Executive terminates his or her employment with the Company for Good Reason (as defined herein) or (ii) Executive is terminated by the Company without Cause (as defined herein), Executive shall be entitled to receive the following severance benefits if Executive executes a general release with language acceptable to the Company on or before the effective date of termination, the standard form of which is attached hereto as Exhibit A:
Appears in 6 contracts
Samples: Employment Agreement (Luna Innovations Inc), Employment Agreement (Luna Innovations Inc), Employment Agreement (Luna Innovations Inc)
Termination Without Cause; Termination for Good Reason. In the event (i) Executive terminates his or her employment with the Company for Good Reason (as defined herein) or (ii) Executive is terminated by the Company without Cause (as defined herein), Executive shall be entitled to receive the following severance benefits if Executive executes a general release with language acceptable to the Company on or before the effective date of termination, the standard form of which is attached hereto as Exhibit A:A (the “Release Agreement”):
Appears in 6 contracts
Samples: Employment Agreement (Luna Innovations Inc), Employment Agreement (Luna Innovations Inc), Employment Agreement (Luna Innovations Inc)
Termination Without Cause; Termination for Good Reason. In the event (i) Executive terminates his or her employment with the Company for Good Reason (as defined herein) or (ii) Executive is terminated by the Company without Cause (as defined herein), Executive shall be entitled to receive the following severance benefits if Executive executes a general release with language acceptable to the Company on or before Release Agreement within the effective applicable time period set forth therein, but in no event later than forty-five (45) days following the date of terminationtermination (such latest permitted date is the “Release Agreement Deadline”), and permits the standard form of which is attached hereto as Exhibit ARelease Agreement to become effective in accordance with its terms:
Appears in 6 contracts
Samples: Employment Agreement (Luna Innovations Inc), Employment Agreement (Luna Innovations Inc), Employment Agreement (Luna Innovations Inc)
Termination Without Cause; Termination for Good Reason. In If the event ------------------------------------------------------- Company shall terminate the Executive's employment, other than for Cause, or the Executive shall terminate his employment for Good Reason, then;
(i) Executive terminates his or her employment with the Company for Good Reason shall pay to the executive, within ten (as defined herein10) or days after the Date of Termination, the Accrued Obligations; and
(ii) Executive is terminated by the Company without Cause (shall pay the Executive a Severance Benefit as defined herein), Executive shall be entitled to receive the following severance benefits if Executive executes a general release with language acceptable to the Company on or before the effective date of termination, the standard form of which is attached hereto as Exhibit A:hereunder.
Appears in 3 contracts
Samples: Employment Agreement (Idt Corp), Employment Agreement (Idt Corp), Employment Agreement (Idt Corp)
Termination Without Cause; Termination for Good Reason. In During the Employment Term, in the event that either (i) Executive terminates his or her employment with the Company for Good Reason (as defined herein) Reason; or (ii) Executive is terminated by the Company without Cause (as defined herein)Cause, and Executive signs and does not revoke a release of claims in the reasonable form provided to Executive by the Company, then, subject to Executive’s compliance with Section 4 below, Executive shall be entitled to receive the following severance benefits if Executive executes a general release with language acceptable to the Company on or before the effective date of termination, the standard form of which is attached hereto as Exhibit Abenefits:
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