Common use of UPON TERMINATION BY COMPANY FOR CAUSE OR BY EXECUTIVE WITHOUT GOOD REASON Clause in Contracts

UPON TERMINATION BY COMPANY FOR CAUSE OR BY EXECUTIVE WITHOUT GOOD REASON. If Executive's employment is terminated by the Company for Cause, or if Executive terminates his employment with the Company other than (x) upon Executive's death or Total Disability or (y) for Good Reason, the Company shall: (a) pay Executive the Accrued Base Salary; (b) pay Executive the Accrued Vacation Payment; (c) pay Executive the Accrued Reimbursable Expenses; (d) pay Executive the Accrued Benefits, together with any benefits required to be paid or provided under applicable law; (e) pay Executive any accrued Annual Incentive Bonus with respect to a prior year which has accrued but has not been paid; and in addition (f) Executive shall have the right to exercise vested options and warrants in accordance with Section 4.1(f).

Appears in 2 contracts

Samples: Employment Agreement (Microage Inc /De/), Employment Agreement (Microage Inc /De/)

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UPON TERMINATION BY COMPANY FOR CAUSE OR BY EXECUTIVE WITHOUT GOOD REASON. If Executive's employment is terminated by the Company for Cause, or if Executive terminates his employment with the Company other than (x) upon Executive's death or Total Disability or (y) for Good Reason, the Company shall: (a) pay Executive the Accrued Base Salary;; 5 (b) pay Executive the Accrued Vacation Payment; (c) pay Executive the Accrued Reimbursable Expenses; (d) pay Executive the Accrued Benefits, together with any benefits required to be paid or provided under applicable law; (e) pay Executive any accrued Annual Incentive Bonus with respect to a prior year which has accrued but has not been paid; and in addition (f) Executive shall have the right to exercise vested options and warrants in accordance with Section 4.1(f).

Appears in 1 contract

Samples: Employment Agreement (Microage Inc /De/)

UPON TERMINATION BY COMPANY FOR CAUSE OR BY EXECUTIVE WITHOUT GOOD REASON. If Executive's ’s employment is terminated by the Company for Cause, or if Executive terminates his Executive’s employment with the Company other than (xy) upon Executive's ’s death or Total Disability Disability, or (yz) for Good Reason, the Company shallwill: (a) pay Executive the Accrued Base Salary; (b) pay Executive the Accrued Vacation Payment; (c) pay Executive the Accrued Reimbursable Expenses; (d) pay Executive the Accrued Benefits, together with any benefits required to be paid or provided under applicable law; (e) pay Executive any accrued Accrued Annual Incentive Bonus with respect to a prior year which has accrued but has not been paidBonus; and in additionand (f) Executive shall will have the right to exercise vested options and warrants in accordance with Section 4.1(f)terms of the plans and agreements pursuant to which such options or warrants were issued.

Appears in 1 contract

Samples: Employment Agreement (Matrixx Initiatives Inc)

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UPON TERMINATION BY COMPANY FOR CAUSE OR BY EXECUTIVE WITHOUT GOOD REASON. If Executive's employment is terminated by the Company for Cause, or if Executive terminates his employment with the Company other than (x) upon Executive's death or Total Disability or (y) for Good Reason, the Company shall:'s (a) pay Executive the Accrued Base Salary; (b) pay Executive the Accrued Vacation Payment; (c) pay Executive the Accrued Reimbursable Expenses; (d) pay Executive the Accrued Benefits, together with any benefits required to be paid or provided under applicable law; (e) pay Executive any accrued Annual Fixed Cash Bonus and Annual Incentive Bonus with respect to a prior year which has accrued but has not been paidpaid (together, such bonus payments are referred to herein as the "Accrued Annual Bonus Payments"); and in addition (f) Executive shall have the right to exercise vested options and warrants in accordance with Section 4.1(f).

Appears in 1 contract

Samples: Employment Agreement (Microage Inc /De/)

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