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

Voluntary Termination; Termination With Cause. If the Executive shall cease being an employee of the Company on account of the Executive’s Voluntary Termination, or as the result of a Termination With Cause by the Company, the Executive shall forfeit all unvested Restricted Stock which shall be returned to the Company, and the Executive shall have no further rights against the Company under this Agreement after the Termination Date, except for the right to receive (i) any Base Salary and bonus compensation earned but unpaid as of the Termination Date, and (ii) reimbursement of business expenses to which the Executive is entitled as of the Termination Date pursuant to Section 5. In the event of a Voluntary Termination or a Termination With Cause, the Executive shall continue to be subject to the Confidentiality Agreement and the Non-Compete Agreement.

Appears in 3 contracts

Samples: Green Ballast Employment Agreement (Green Ballast, Inc.), Green Ballast Employment Agreement (Green Ballast, Inc.), Green Ballast Employment Agreement (Green Ballast, Inc.)

AutoNDA by SimpleDocs

Voluntary Termination; Termination With Cause. If the Executive shall cease being an employee of the Company on account of the Executive’s Voluntary Termination, Termination or as the result of a Termination With Cause by the CompanyCause, the Executive shall forfeit all unvested Restricted Stock which shall be returned to the Company, and the Executive shall have no further rights against the Company under this Agreement hereunder after the Termination Date, except for the right to receive (i) any Base Salary and bonus compensation earned but unpaid as of the Termination Date, (ii) accrued vacation and other vested benefits under the Company’s Award and Benefit Plans; and (iiiii) reimbursement of business expenses to which the Executive is entitled as of the Termination Date pursuant to Section 5. In the event of a Voluntary Termination or a Termination With Cause, the Executive shall continue to be subject to the Confidentiality Agreement and the Non-Compete AgreementAgreement for the respective durations set forth therein. 7.

Appears in 2 contracts

Samples: Employment Agreement This Agreement (ClearPoint Neuro, Inc.), Employment Agreement This Agreement (ClearPoint Neuro, Inc.)

Voluntary Termination; Termination With Cause. If the Executive shall cease being an employee of the Company on account of the Executive’s Voluntary Termination, Termination or as the result of a Termination With Cause by the CompanyCause, the Executive shall forfeit all unvested Restricted Stock which shall be returned to the Company, and the Executive shall have no further rights against the Company under this Agreement hereunder after the Termination Date, except for the right to receive (i) any Base Salary and bonus compensation earned but unpaid as of the Termination Date, (ii) accrued vacation and other vested benefits under the Company’s Award and Benefit Plans; and (iiiii) reimbursement of business expenses to which the Executive is entitled as of the Termination Date pursuant to Section 55(a). In the event of a Voluntary Termination or a Termination With Cause, the Executive shall continue to be subject to the Confidentiality Agreement and the Non-Compete Agreement.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Mri Interventions, Inc.)

Voluntary Termination; Termination With Cause. If the Executive shall cease being an employee of the Company on account of the Executive’s Voluntary Termination, Termination or as the result of a Termination With Cause by the CompanyCause, the Executive shall forfeit all unvested Restricted Stock which shall be returned to the Company, and the Executive shall have no further rights against the Company under this Agreement hereunder after the Termination Date, except for the right to receive (i) any Base Salary and bonus compensation earned but unpaid as of the Termination Date, (ii) accrued vacation and other vested benefits under the Company’s Award and Benefit Plans; and (iiiii) reimbursement of business expenses to which the Executive is entitled as of the Termination Date pursuant to Section 5. In the event of a Voluntary Termination or a Termination With Cause, the Executive shall continue to be subject to the Confidentiality Agreement and the Non-Compete AgreementAgreement for the respective durations set forth therein.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (ClearPoint Neuro, Inc.)

AutoNDA by SimpleDocs

Voluntary Termination; Termination With Cause. If the Executive shall cease being an employee of the Company on account of the Executive’s Voluntary Termination, or as the result of a Termination With Cause by the Company, the Executive shall forfeit all unvested Restricted Stock which shall be returned to the Company, and the Executive shall have no further rights against the Company under this Agreement after the Termination Date, except for the right to receive (i) any Base Salary and bonus compensation earned but unpaid as of the Termination Date, and (ii) reimbursement of business expenses to which the Executive is entitled as of the Termination Date pursuant to Section 5‎5. In the event of a Voluntary Termination or a Termination With Cause, the Executive shall continue to be subject to the Confidentiality Agreement and the Non-Compete Agreement.

Appears in 1 contract

Samples: Green Ballast Employment Agreement (Green Ballast, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.