Common use of Voluntary Termination or a Termination for Cause Clause in Contracts

Voluntary Termination or a Termination for Cause. Upon the termination of the Executive’s services hereunder pursuant to a Voluntary Termination or a Termination for Cause, neither the Executive nor his beneficiary or estate will have any further rights or claims against the Company, its affiliates, or its subsidiaries under this Agreement except to receive: (i) any unpaid portion of the Base Salary provided for in Section 5.1 and any accrued vacation owing Executive, computed on a pro rata basis to the date of such termination; and (ii) reimbursement for any expenses for which the Executive has not been reimbursed as provided in Section 5.3.

Appears in 2 contracts

Samples: Employment Agreement (Anworth Mortgage Asset Corp), Employment Agreement (Anworth Mortgage Asset Corp)

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Voluntary Termination or a Termination for Cause. Upon the termination of the Executive’s services hereunder pursuant to a Voluntary Termination or a Termination for Cause, neither the Executive nor his beneficiary or estate will have any further rights or claims against Administaff or the Company, its affiliates, or its subsidiaries under this Agreement or the Service Agreement except to receive: (i) any the unpaid portion of the Base Salary provided for in Section 5.1 and any accrued vacation owing Executive, 5.1. computed on a pro rata basis to the date of such termination; and (ii) reimbursement for any expenses for which the Executive has shall not have theretofore been reimbursed as provided in Section 5.3.

Appears in 1 contract

Samples: Executive Employment Agreement (Glycomimetics Inc)

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Voluntary Termination or a Termination for Cause. Upon the termination of the Executive’s services employment hereunder pursuant to a Voluntary Termination or a Termination for Cause, neither the Executive nor his beneficiary or estate will have any further rights or claims against the Company, its affiliates, or its subsidiaries under this Agreement except to receive: (i) any the unpaid portion of the Base Salary provided for in Section 5.1 and any accrued vacation owing Executive6.1, computed on a pro rata basis to the date of such termination; and; (ii) reimbursement for any expenses for which the Executive has shall not have theretofore been reimbursed as provided in Section 5.36.5; and (iii) any other benefits as required by applicable law.

Appears in 1 contract

Samples: Executive Employment Agreement (LianBio)

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