Common use of Voluntary Termination; Termination With Cause Clause in Contracts

Voluntary Termination; Termination With Cause. If (i) the Executive shall cease being an employee of the Company on account of a Voluntary Termination or (ii) there shall be a Termination With Cause, the Executive shall not be entitled to any compensation after the effective date of such Voluntary Termination or Termination With Cause (except base salary and vacation accrued but unpaid on the effective date of such event). In the event of a Voluntary Termination (which shall not include the Executive’s resignation for Good Reason following a Change in Control as defined by Paragraph 11), or Termination With Cause, the Executive shall continue to be subject to the covenants contained in Section 12 hereof.

Appears in 10 contracts

Samples: Employment Agreement (Hersha Hospitality Trust), Employment Agreement (Hersha Hospitality Trust), Employment Agreement (Hersha Hospitality Trust)

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Voluntary Termination; Termination With Cause. If (i) the Executive shall cease being an employee of the Company on account of a Voluntary Termination or (ii) there shall be a Termination With Cause, the Executive shall not be entitled to any compensation after the effective date of such Voluntary Termination or Termination With Cause (except base salary Base Salary and vacation accrued but unpaid on the effective date of such event). In the event of a Voluntary Termination (which shall not include the Executive’s resignation for Good Reason following a Change in Control as defined by Paragraph 11), or Termination With Cause, the Executive shall continue to be subject to the covenants noncompetition covenant contained in Section 12 hereof11 hereof for the remainder of the Term.

Appears in 9 contracts

Samples: Employment Agreement (RFS Hotel Investors Inc), Employment Agreement (RFS Hotel Investors Inc), Employment Agreement (RFS Hotel Investors Inc)

Voluntary Termination; Termination With Cause. If (i) the Executive shall cease being an employee of the Company on account of a Voluntary Termination or (ii) there shall be a Termination With Cause, the Executive shall not be entitled to any compensation after the effective date of such Voluntary Termination or Termination With Cause (except base salary and vacation accrued but unpaid on the effective date of such event). In the event of a Voluntary Termination (which shall not include the Executive’s resignation for Good Reason following a Change in Control as defined by Paragraph 11), or Termination With Cause, the Executive shall continue to be subject to the covenants contained in Section 12 13 hereof.

Appears in 5 contracts

Samples: Employment Agreement (Hersha Hospitality Trust), Employment Agreement (Hersha Hospitality Trust), Employment Agreement (Hersha Hospitality Trust)

Voluntary Termination; Termination With Cause. If (i) the Executive --------------------------------------------- shall cease being an employee of the Company on account of a Voluntary Termination or (ii) there shall be a Termination With Cause, the Executive shall not be entitled to any compensation after the effective date of such Voluntary Termination or Termination With Cause (except base salary and vacation accrued but unpaid on the effective date of such event). In the event of a Voluntary Termination (which shall not include except for the Executive’s 's resignation for Good Reason following a Change in Control as defined by Paragraph 11), or Termination With Cause, the Executive shall continue to be subject to the covenants contained in Section 12 hereof.

Appears in 5 contracts

Samples: Employment Agreement (Hersha Hospitality Trust), Employment Agreement (Hersha Hospitality Trust), Employment Agreement (Hersha Hospitality Trust)

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Voluntary Termination; Termination With Cause. If (i) the Executive shall cease being an employee of the Company on account of a Voluntary Termination or (ii) there shall be a Termination With Cause, the Executive shall not be entitled to any compensation after the effective date of such Voluntary Termination or Termination With Cause (except base salary and vacation Base Salary accrued but unpaid on the effective date of such event). In the event of a Voluntary Termination (which shall not include the Executive’s resignation for Good Reason following a Change in of Control as defined by Paragraph 11), or Termination With Cause, the Executive shall continue to be subject to the covenants contained in Section 12 13 hereof.

Appears in 1 contract

Samples: Employment Agreement (Hersha Hospitality Trust)

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