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

Voluntary Termination or Termination for Cause. If Executive’s employment is terminated voluntarily, due to death or disability, or is terminated for Cause by the Company, then (i) all further vesting of Executive’s outstanding equity awards will terminate immediately; and (ii) except as set forth in Section 5, all payments of compensation by the Company to Executive hereunder will terminate immediately.

Appears in 3 contracts

Samples: Employment Agreement (Eastside Distilling, Inc.), Employment Agreement (Eastside Distilling, Inc.), Employment Agreement (Eastside Distilling, Inc.)

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Voluntary Termination or Termination for Cause. If Executive’s employment is terminated voluntarily, due to death or disability, or is terminated for Cause by the Company, then (i) all further vesting of Executive’s outstanding equity awards will terminate immediately; and (ii) except as set forth in Section 56, all payments of compensation by the Company to Executive hereunder will terminate immediately.

Appears in 2 contracts

Samples: Employment Agreement (Taggares Agriculture Corp.), Employment Agreement (Taggares Agriculture Corp.)

Voluntary Termination or Termination for Cause. If Executive’s employment In the event that Executive is terminated voluntarily, due to death or disability, or is terminated for Cause by the CompanyCompany for “Cause,” or in the event that Executive voluntarily terminates her employment without Good Reason, then (i) all further vesting of Executive’s outstanding equity awards her options will terminate immediately; immediately and (ii) except as set forth in Section 5, all payments of compensation by the Company to Executive hereunder will terminate immediatelyimmediately (except as to amounts already earned which amounts shall be paid to Executive within thirty (30) days of such termination), and (ii) Executive will only be eligible for severance benefits in accordance with the Company’s established policies as then in effect.

Appears in 1 contract

Samples: Employment Agreement (United Therapeutics Corp)

Voluntary Termination or Termination for Cause. If Executive’s employment is terminated voluntarily, due to death or disability, voluntarily not for Good Reason or is terminated for Cause by the Company, then then, except as provided in Section 6, (i) all further vesting of Executive’s outstanding equity awards Equity Awards will terminate immediatelyimmediately and stock options shall be exercisable as provided in Section 6; and (ii) except as set forth in Section 5, all payments of compensation by the Company to Executive hereunder will terminate immediately, and (iii) Executive will be eligible for severance benefits only in accordance with the Company’s then established plans.

Appears in 1 contract

Samples: Robert Lento Employment Agreement (Limelight Networks, Inc.)

Voluntary Termination or Termination for Cause. If Executive’s employment is terminated voluntarily, voluntarily or due to death or disability, disability or is terminated for Cause by the Company, then (i) all further vesting of Executive’s outstanding equity awards will terminate immediately; and (ii) except as set forth in Section 5, all payments of compensation by the Company to Executive hereunder will terminate immediately.

Appears in 1 contract

Samples: Executive Employment Agreement (Eastside Distilling, Inc.)

Voluntary Termination or Termination for Cause. If ExecutiveManager’s employment is terminated voluntarily, due to death or disability, or is terminated for Cause by the Company, then (i) all further vesting of ExecutiveManager’s outstanding equity awards will terminate immediately; and (ii) except as set forth in Section 56, all payments of compensation by the Company to Executive Manager hereunder will terminate immediately.

Appears in 1 contract

Samples: Employment Agreement (Taggares Agriculture Corp.)

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Voluntary Termination or Termination for Cause. If Executive’s employment is terminated voluntarily, due to death or disability, voluntarily or is terminated for Cause by the Company, then (i) all further vesting of Executive’s outstanding equity awards will terminate immediately; and (ii) then, except as set forth in Section 5, for the Accrued Benefits all payments of compensation by the Company to Executive hereunder will terminate immediately.

Appears in 1 contract

Samples: Carl Rubin Employment Agreement (Ulta Salon, Cosmetics & Fragrance, Inc.)

Voluntary Termination or Termination for Cause. If Executive’s employment is terminated voluntarily, due to death or disability, voluntarily by him or is terminated for Cause by the Company, then then, except as otherwise provided in the first sentence of Section 10 above or Section 11(d), (i) all further vesting of Executive’s outstanding equity awards will terminate immediately; and (ii) except as set forth in Section 5, all payments of compensation by the Company to Executive hereunder will terminate immediately.

Appears in 1 contract

Samples: Employment Agreement (Twin Vee PowerCats, Co.)

Voluntary Termination or Termination for Cause. If Executive’s employment is terminated voluntarilyvoluntarily without Good Reason, including due to death or disabilityDisability, or is terminated for Cause by the Company, then then, (i) all further vesting of Executive’s outstanding equity awards will terminate immediately; and (ii) except as set forth in Section 5, all payments of compensation by the Company to Executive hereunder will terminate immediately, and (iii) Executive will be eligible for severance benefits only in accordance with the Company’s then established plans, programs and practices.

Appears in 1 contract

Samples: Schaefer Employment Agreement (Nanometrics Inc)

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