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 or Termination With Cause, the Executive shall continue to be subject to the noncompetition covenant contained in Section 11 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)

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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 (except for 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 noncompetition covenant covenants contained in Section 11 hereof for the remainder of the Term12 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 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 noncompetition covenant covenants contained in Section 11 hereof for the remainder of the Term13 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 Except as otherwise provided in SECTION 9 of this Agreement, 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 Termination Date of such Voluntary Termination or Termination With Cause (except Base Salary and vacation accrued but unpaid on the effective date Termination Date of such event). In the event of a Voluntary Termination or Termination With Cause, the Executive shall continue to be subject to the noncompetition covenant contained in Section 11 SECTION 10 hereof for the remainder of the Term.

Appears in 3 contracts

Samples: Employment Agreement (Mid America Apartment Communities Inc), Employment Agreement (Mid America Apartment Communities Inc), Employment Agreement (Mid America Apartment Communities Inc)

Voluntary Termination; Termination With Cause. If Except as otherwise provided in Section 9 of this Agreement, 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 Termination Date of such Voluntary Termination or Termination With Cause (except Base Salary and vacation accrued but unpaid on the effective date Termination Date of such event). In the event of a Voluntary Termination or Termination With Cause, the Executive shall continue to be subject to the noncompetition covenant contained in Section 11 hereof for the remainder of the Term10.

Appears in 3 contracts

Samples: Employment Agreement (Mid America Apartment Communities Inc), Employment Agreement (Mid America Apartment Communities Inc), Employment Agreement (Mid America Apartment Communities Inc)

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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 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 of Control as defined by Paragraph 11), or Termination With Cause, the Executive shall continue to be subject to the noncompetition covenant covenants contained in Section 11 hereof for the remainder of the Term13 hereof.

Appears in 1 contract

Samples: 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 suffer a Termination With Cause, then 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 compensation accrued but unpaid on the effective date of such event). In the event of a such Voluntary Termination or Termination With Cause, the Executive shall continue to be subject to the noncompetition covenant contained in Section 11 hereof for the remainder of the Termfive-year period from the date of execution of the Agreement.

Appears in 1 contract

Samples: Employment Agreement (Mid America Apartment Communities Inc)

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