Upon Termination Without Cause or For Good Reason Sample Clauses
Upon Termination Without Cause or For Good Reason. If Executive’s employment under this Agreement is terminated by DDR without Cause or by Executive for Good Reason during the Contract Period and Section 7.5 does not apply, DDR will pay and provide to Executive the amounts and benefits specified in this Section 7.2, except that DDR will not be obligated to pay the lump sum amounts specified in Section 7.2(c) unless either (x) DDR is deemed to have waived the obligation to provide a Release as provided in Section 8.2 or (y) Executive has timely executed a Release as contemplated by Section 8.3. The amounts and benefits specified in this Section 7.2 are as follows:
(a) A lump sum amount equal to Executive’s Base Salary for the year through the Termination Date, to the extent not already paid. DDR will pay this amount to Executive within 30 days of the Termination Date.
(b) A lump sum amount equal to Executive’s Annual Cash Bonus earned for the calendar year immediately preceding the calendar year in which the Termination Date occurs, to the extent not already paid. DDR will pay this amount to Executive on the same date and in the same amount that the Annual Cash Bonus for such year would have been paid if Executive’s employment had not been terminated, but in any event not later than March 15 of the calendar year in which the Termination Date occurs.
(c) A lump sum amount equal to (i) one year of Executive’s Base Salary as of the Termination Date, plus (ii) the Annual Cash Bonus at the target level for Executive for the year in which the Termination Date occurs. Except as otherwise provided in Section 13.2, DDR will pay the amount referred to in this Section 7.2(c)(i) to Executive during the Seventh Month after the Termination Date (as defined in Section 13.1 below) and will pay the amount referred to in this Section 7.2(c)(ii) to Executive on the same date that the Annual Cash Bonus for that year would have been paid if Executive’s employment had not been terminated, but in any event not later than March 15 of the calendar year following the calendar year in which Executive’s employment is terminated pursuant to this Section 7.2.
(d) Provided that Executive timely elects continuation coverage under DDR’s health and dental plan pursuant to COBRA, DDR shall pay the COBRA premiums for Executive until the first anniversary of the Termination Date. Such payments shall be taxable to the Executive. To assure compliance with Section 409A, the timing of the provision of these benefits will be subject to Sections 13....
Upon Termination Without Cause or For Good Reason. Except as set forth in Section 4.4(a) above, in which case the terms of Section 4.4(a) shall apply, if the Employee’s employment is terminated during the Term by the Company without Cause or by the Employee for Good Reason, then, (i) with respect to any restricted stock held by the Employee on the Date of Termination, the vesting of such restricted stock shall accelerate by 12 months and (ii) with respect to each outstanding option to purchase shares of Common Stock of the Company held by the Employee on the Date of Termination, (A) the vesting of each such option shall accelerate by 12 months and (B) the vested portion of such option shall remain exercisable during the Extension Period (as defined below).
Upon Termination Without Cause or For Good Reason. If S▇▇▇▇▇▇▇’▇ employment under this Agreement is terminated before the end of the Scheduled Term by NIC without Cause or by S▇▇▇▇▇▇▇ for Good Reason, NIC will pay and provide to S▇▇▇▇▇▇▇ all compensation and benefits to which he would be entitled under this Agreement had he lived and continued in the employ of NIC under this Agreement throughout the end of the Scheduled Term.
Upon Termination Without Cause or For Good Reason. If ▇▇▇▇▇▇▇▇▇’▇ employment under this Agreement is terminated before the end of the Term by NATL without Cause or by ▇▇▇▇▇▇▇▇▇ for Good Reason, NATL will pay and provide to ▇▇▇▇▇▇▇▇▇ all compensation and benefits to which he would be entitled under this Agreement had he lived and continued in the employ of NATL under this Agreement throughout the end of the Term. Payments will be made on the same schedule called for in this Agreement.
Upon Termination Without Cause or For Good Reason. If Executive’s employment under this Agreement is terminated by Curbline other than due to Cause, death or disability (pursuant to Section 6.1), or by Executive for Good Reason, during the Contract Period while Executive is employed by Curbline TRS, and Section 7.5 does not apply, Curbline will pay and provide to Executive (or cause payment and provision to Executive of) the amounts and benefits specified in this Section 7.2, except that Curbline will not be obligated to pay (or provide for payment of) the lump sum amounts specified in Section 7.2 (c), (d) and (e) unless either (x) Curbline is deemed to have waived its right to present and require a Release as provided in Section 8.2 or (y) Executive has timely executed a Release as contemplated by Section 8.3. The amounts and benefits specified in this Section 7.2 are as follows:
(a) A lump sum amount equal to Executive’s Base Salary and any accrued but unused paid time off for the year through the Termination Date, to the extent not already paid in accordance with applicable policy. Curbline will pay (or cause payment of) this amount to Executive within 30 days of the Termination Date.
(b) A lump sum amount equal to Executive’s Annual Bonus (or 2024 Bonus, if applicable) earned for the calendar year immediately preceding the calendar year in which the Termination Date occurs, to the extent not already paid. Curbline will pay (or cause payment of) this amount to Executive on the same date and in the same amount that the Annual Bonus (or 2024 Bonus, if applicable) for such year would have been paid if Executive’s employment had not been terminated, but in any event not later than March 15 of the calendar year in which the Termination Date occurs.
(c) A lump sum amount equal in value to Executive’s Annual Bonus (or 2024 Bonus, if applicable, and to the extent unpaid) that would have been earned for the calendar year in which the Termination Date occurs, pro-rated based on the number of days that Executive is employed by Curbline TRS during the applicable performance period, and calculated on the basis of actual performance of the applicable performance objectives for the entire performance period. Subject to Section 13.1, Curbline will pay (or cause payment of) this amount to Executive on the same date that such Annual Bonus (or 2024 Bonus, if applicable) for such year would have been paid if Executive’s employment had not been terminated, but in any event not later than March 15 of the calendar year follow...
Upon Termination Without Cause or For Good Reason. If Wolstein’s employment under this Agreement is terminated by DDR without Cause (which, for all purposes of this Agreement, will include termination of Wolstein’s employment upon expiration of the term as contemplated by Section 7.1 if the Non-Renewal Notice was given by DDR) or by Wolstein for Good Reason, DDR will pay and provide to Wolstein the amounts and benefits specified in this Section 8.2, except that DDR will not be obligated to pay the lump sum amounts specified in either of Sections 8.2(c) or 8.2(d) unless either (x) DDR is deemed to have waived the obligation to provide a Release as provided in Section 10.2 or (y) Wolstein has timely executed a Release as contemplated by Section 10.3. The amounts and benefits specified in this Section 8.2 are as follows:
(a) Wolstein’s Base Salary through the Termination Date, to the extent not already paid. DDR will pay this amount to Wolstein within 30 days of the Termination Date.
(b) The amount of the Annual Bonus with respect to the immediately preceding calendar year, to the extent not already paid. DDR will pay this amount to Wolstein on the same date and in the same amount that the Annual Bonus for that year would have been paid if Wolstein’s employment had not been terminated, but in any event not later than March 15 of the current year.
(c) If the Termination Date is on or prior to December 31, 2008, a lump sum amount equal to $5 million. Except as otherwise provided in Section 16.2, DDR will pay this amount to Wolstein during the Seventh Month after the Termination Date.
(d) If the Termination Date is after December 31, 2008, a lump sum amount equal to the greater of (i) $5 million or (ii) the sum of (A) Wolstein’s Base Salary for the calendar year in which the termination occurs plus (B) the amount of Annual Bonus paid or payable, as the case may be, to Wolstein for the calendar year immediately preceding the calendar year in which such Termination Date occurs. Except as otherwise provided in Section 16.2, DDR will pay this amount to Wolstein during the Seventh Month after the Termination Date.
(e) Continuing life, disability, medical, hospitalization, vision, and dental insurance to Wolstein and his family at the levels specified in Section 5.2 through the first anniversary of the Termination Date. To assure compliance with Section 409A of the Internal Revenue Code, the timing of the provision of these benefits will be subject to Sections 16.1 and 16.3 if and to the extent either of those section...
Upon Termination Without Cause or For Good Reason. If Executive’s employment under this Agreement is terminated by the Company without Cause or by Executive for Good Reason, the Company will pay and provide to Executive the amounts and benefits specified in this Section 6(b) as follows:
(i) Senior Advisor Salary payable to Executive for the entire Term, to the extent not already paid. All such payments shall be made to Executive within thirty (30) days of the Termination Date.
(ii) Continuing benefits at the levels specified in Section 3(e) through the last date of the Term.
(iii) All Other Benefits owing to Executive shall be paid to Executive in accordance with the terms of the Other Benefit Programs.