Common use of Voluntary Termination, Termination for Cause, Termination for Death or Disability Clause in Contracts

Voluntary Termination, Termination for Cause, Termination for Death or Disability. In the case of a termination of Executive’s employment hereunder for Death or Disability in accordance with Section 1.5.1 above, or Executive’s Voluntary termination of employment hereunder in accordance with Section 1.5.2 above, or a termination of Executive’s employment hereunder for Cause in accordance with Section 1.5.3 above, (i) Executive shall not be entitled to receive payment of, and the Company shall have no obligation to pay, any severance or similar compensation attributable to such termination, other than Base Salary earned but unpaid, accrued but unused vacation to the extent required by the Company’s policies, vested benefits under any employee benefit plan, and any unreimbursed expenses pursuant to Section 1.4.5 hereof incurred by Executive as of the Termination Date, and (ii) the Company’s other obligations under this Agreement shall immediately cease.

Appears in 3 contracts

Samples: Employment Agreement (Wilson Holdings, Inc.), Employment Agreement (Wilson Holdings, Inc.), Employment Agreement (Wilson Holdings, Inc.)

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Voluntary Termination, Termination for Cause, Termination for Death or Disability. In the case of a termination of Executive’s employment hereunder for Death or Disability in accordance with Section 1.5.1 1.6.1 above, or Executive’s Voluntary termination of employment hereunder in accordance with Section 1.5.2 1.6.2 above, or a termination of Executive’s employment hereunder for Cause in accordance with Section 1.5.3 above, 1.6.3 above (i) Executive shall not be entitled to receive payment of, and the Company shall have no obligation to pay, any severance or similar compensation attributable to such termination, other than Base Salary earned but unpaid, accrued but unused vacation to the extent required by the Company’s policies, vested benefits under any employee benefit plan, and any unreimbursed expenses pursuant to Section 1.4.5 1.4.3 or 1.4.4 hereof incurred by Executive as of the Termination Date, and (ii) the Company’s other obligations under this Agreement shall immediately cease.

Appears in 3 contracts

Samples: Executive Employment Agreement (Multimedia Games Holding Company, Inc.), Executive Employment Agreement (Multimedia Games Holding Company, Inc.), Executive Employment Agreement (Multimedia Games Inc)

Voluntary Termination, Termination for Cause, Termination for Death or Disability. In the case of a termination of Executive’s 's employment hereunder for Death or Disability in accordance with Section 1.5.1 6.1 above, or Executive’s 's Voluntary termination of employment hereunder in accordance with Section 1.5.2 6.2 above, or a termination of Executive’s 's employment hereunder for Cause in accordance with Section 1.5.3 6.3 above, (i) Executive shall not be entitled to receive payment of, and the Company shall have no obligation to pay, any severance or similar compensation attributable to such termination, other than Base Salary earned but unpaid, accrued but unused vacation to the extent required by the Company’s policies, vested benefits under any employee benefit plan, 's policies and any unreimbursed non-reimbursed expenses pursuant to Section 1.4.5 4.6 hereof incurred by Executive as of the Termination Datetermination date, and (ii) the Company’s other 's obligations under this Agreement shall immediately cease.

Appears in 2 contracts

Samples: Employment Agreement (Reality Wireless Networks Inc), Employment Agreement (Reality Wireless Networks Inc)

Voluntary Termination, Termination for Cause, Termination for Death or Disability. In the case of a termination of Executive’s 's employment hereunder for Death or Disability in accordance with Section 1.5.1 7.1 above, or Executive’s 's Voluntary termination of employment hereunder in accordance with Section 1.5.2 7.2 above, or a termination of Executive’s 's employment hereunder for Cause in accordance with Section 1.5.3 7.3 above, (i) Executive shall not be entitled to receive payment of, and the Company shall have no obligation to pay, any severance or similar compensation attributable to such termination, other than Base Salary earned but unpaid, accrued but unused vacation to the extent required by the Company’s 's policies, vested benefits under any employee benefit plan, and any unreimbursed expenses pursuant to Section 1.4.5 5.5 hereof incurred by Executive as of the Termination Date, and (ii) the Company’s other 's obligations under this Agreement shall immediately cease.

Appears in 2 contracts

Samples: Employment Agreement (Standard Management Corp), Employment Agreement (Standard Management Corp)

Voluntary Termination, Termination for Cause, Termination for Death or Disability. In the case of a termination of Executive’s 's employment hereunder for Death or Disability in accordance with Section 1.5.1 1.6.1 above, or Executive’s 's Voluntary termination of employment hereunder in accordance with Section 1.5.2 1.6.2 above, or a termination of Executive’s 's employment hereunder for Cause in accordance with Section 1.5.3 above, 1.6.3 above (i) Executive shall not be entitled to receive payment of, and the Company shall have no obligation to pay, any severance or similar compensation attributable to such termination, other than Base Salary earned but unpaid, accrued but unused vacation to the extent required by the Company’s 's policies, vested benefits under any employee benefit plan, and any unreimbursed expenses pursuant to Section 1.4.5 1.4.3 or 1.4.4 hereof incurred by Executive as of the Termination Date, and (ii) the Company’s 's other obligations under this Agreement shall immediately cease.

Appears in 1 contract

Samples: Executive Employment Agreement (Multimedia Games Holding Company, Inc.)

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Voluntary Termination, Termination for Cause, Termination for Death or Disability. In the case of a termination of Executive’s employment hereunder for Death or Disability in accordance with Section 1.5.1 1.6.1 above, or Executive’s Voluntary termination of employment hereunder in accordance with Section 1.5.2 1.6.2 above, or a termination of Executive’s employment hereunder for Cause in accordance with Section 1.5.3 1.6.3 above, (i) Executive shall not be entitled to receive payment of, and the Company shall have no obligation to pay, any severance or similar compensation attributable to such termination, other than Base Salary earned but unpaid, accrued but unused vacation to the extent required by the Company’s policies, vested benefits under any employee benefit plan, and any unreimbursed expenses pursuant to Section 1.4.5 1.4.7 hereof incurred by Executive as of the Termination Date, and (ii) the Company’s other obligations under this Agreement shall immediately cease.

Appears in 1 contract

Samples: Employment Agreement (Newgistics, Inc)

Voluntary Termination, Termination for Cause, Termination for Death or Disability. In the case of a termination of Executive’s 's employment hereunder for Death or Disability in accordance with Section 1.5.1 1.6.1 above, or Executive’s 's Voluntary termination of employment hereunder in accordance with Section 1.5.2 1.6.2 above, or a termination of the Executive’s 's employment hereunder for Cause in accordance with Section 1.5.3 1.6.3 above, (i) the Executive shall not be entitled to receive payment of, and the Company shall have no obligation to pay, any severance or similar compensation attributable to such termination, other than Base Salary earned but unpaid, accrued but unused vacation to the extent required allowed by the Company’s 's policies, vested benefits under any employee benefit plan, and any unreimbursed expenses pursuant to Section 1.4.5 hereof incurred by the Executive as of the Termination Datetermination date, and (ii) the Company’s other 's obligations under this Agreement shall immediately cease.

Appears in 1 contract

Samples: Employment Agreement (PSW Technologies Inc)

Voluntary Termination, Termination for Cause, Termination for Death or Disability. In the case of a termination of Executive’s employment hereunder for Death or Disability in accordance with Section 1.5.1 1.7.1 above, or Executive’s Voluntary termination of employment hereunder in accordance with Section 1.5.2 1.7.2 above, or a termination of Executive’s employment hereunder for Cause in accordance with Section 1.5.3 1.7.3 above, (i) Executive shall not be entitled to receive payment of, and the Company shall have no obligation to pay, any severance or similar compensation attributable to such termination, other than Base Salary earned but unpaid, accrued but unused vacation to the extent required by the Company’s policies, vested benefits under any employee benefit plan, and any unreimbursed expenses pursuant to Section 1.4.5 1.4.3 or 1.4.4 hereof incurred by Executive as of the Termination Date, and (ii) the Company’s other obligations under this Agreement shall immediately cease.

Appears in 1 contract

Samples: Executive Employment Agreement (Multimedia Games Inc)

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