Termination Without Cause; Termination for Good Reason. If the Company shall terminate the Executive’s employment, other than for Cause, or the Executive shall terminate his employment for Good Reason, then; (i) the Company shall pay to the Executive, within ten (10) days after the Date of Termination, the Accrued Obligations; (ii) all Compensation Shares shall accelerate and Vest as of the Date of Termination; and (iii) the Company shall pay the Executive the Severance Benefit.
Appears in 2 contracts
Samples: Employment Agreement (Idt Corp), Employment Agreement (Idt Corp)
Termination Without Cause; Termination for Good Reason. If (i) the Company shall terminate the Executive’s 's employment, other than for Disability or for Cause, or (ii) the Executive shall terminate his employment for Good Reason, then;:
(i1) the Company shall pay to the Executive, within ten (10) days after the Date of Termination, the Accrued Obligations;
(ii) all Compensation Shares shall accelerate and Vest as of the Date of Termination; and
(iii2) the Company shall pay to the Executive Executive, within ten (10) days after the Severance BenefitDate of Termination, a lump sum amount in cash equal to two (2) multiplied by the Executive's Base Salary as in effect immediately prior to the circumstances giving rise to the Notice of Termination.
Appears in 2 contracts
Samples: Employment Agreement (Idt Corp), Employment Agreement (Idt Corp)
Termination Without Cause; Termination for Good Reason. If the Company shall terminate the Executive’s employment, other than for Cause, or the Executive shall terminate his employment for Good Reason, then;
(i) the Company shall pay to the Executive, within ten (10) days after the Date of Termination, the Accrued Obligations;
(ii) all Compensation Shares Equity Grants shall accelerate and Vest as of the Date of Termination; and
(iii) the Company shall pay the Executive the Severance Benefit.
Appears in 1 contract
Samples: Employment Agreement (Idt Corp)
Termination Without Cause; Termination for Good Reason. If the Company shall terminate the Executive’s 's employment, other than for Cause, or the Executive shall terminate his employment for Good Reason, then;
(i) the Company shall pay to the Executive, within ten (10) days after the Date of Termination, the Accrued Obligations;
(ii) all Compensation Shares shall accelerate and Vest as of the Date of Termination; and
(iiiii) the Company shall pay the Executive the a Severance BenefitBenefit as defined hereunder.
Appears in 1 contract
Samples: Employment Agreement (Idt Corp)
Termination Without Cause; Termination for Good Reason. If the Company shall terminate the Executive’s employment, other than for Cause, or the Executive shall terminate his employment for Good Reason, then;
(i) the Company shall pay to the Executive, within ten (10) days after the Date of Termination, the Accrued Obligations;
(ii) all Compensation Shares Equity Grants shall accelerate and Vest vest as of the Date of Termination; and
(iii) the Company shall pay the Executive the Severance BenefitBenefit within sixty (60) days of the Date of Termination.
Appears in 1 contract
Termination Without Cause; Termination for Good Reason. If the Company shall terminate the Executive’s employment, other than for Cause, or the Executive shall terminate his employment for Good Reason, then;
(i) the Company shall pay to the Executive, within ten (10) days after the Date of Termination, the Accrued Obligations;
(ii) all Compensation Shares shall accelerate and Vest as of the Date of Termination; and
(iiiii) the Company shall pay the Executive the Severance Benefit.
Appears in 1 contract
Termination Without Cause; Termination for Good Reason. If the Company shall terminate the Executive’s employment, other than for Cause, or the Executive shall terminate his employment for Good Reason, then;
(i) the Company shall pay to the Executive, within ten (10) days after the Date of Termination, the Accrued Obligations;
(ii) all Compensation Restrictions on all Purchased Shares shall lapse and all Equity Grants shall accelerate and Vest vest as of the Date of Termination; and
(iii) the Company shall pay the Executive the Severance Benefit.Benefit within sixty (60) days of the Date of Termination. EXECUTION COPY
Appears in 1 contract
Termination Without Cause; Termination for Good Reason. If the Company shall terminate the Executive’s employment, other than for Cause, or the Executive shall terminate his employment for Good Reason, then;
(i) the Company shall pay to the Executive, within ten (10) days after the Date of Termination, the Accrued Obligations;
(ii) all Compensation Restrictions on all Purchased Shares shall lapse and all Equity Grants shall accelerate and Vest vest as of the Date of Termination; and
(iii) the Company shall pay the Executive the Severance BenefitBenefit within sixty (60) days of the Date of Termination.
Appears in 1 contract
Termination Without Cause; Termination for Good Reason. If the Company shall terminate the Executive’s employment, other than for Cause, or the Executive shall terminate his employment for Good Reason, then;
(i) the Company shall pay to the Executiveexecutive, within ten (10) days after the Date of Termination, the Accrued Obligations;
(ii) all Compensation Shares shall accelerate and Vest as of the Date of Termination; and
(iiiii) the Company shall pay the Executive a Severance Benefit as defined hereunder.
x. Xxxxxxxxx Benefit means the Severance Benefitsum of (i) Executive’s minimum Base Salary for the remainder of the Term, but in no event less than twelve (12) months.
Appears in 1 contract
Samples: Employment Agreement (Idt Corp)