Common use of VOLUNTARY TERMINATION WITHOUT GOOD REASON AND TERMINATION FOR CAUSE Clause in Contracts

VOLUNTARY TERMINATION WITHOUT GOOD REASON AND TERMINATION FOR CAUSE. In the event your employment is terminated pursuant to Section 10A [voluntary termination without good reason] or Section 10C [termination for cause], (i) Your right to receive compensation under this Agreement shall cease as of the effective date of such termination. (ii) The Company shall pay the following amounts to you: any accrued but unpaid base salary for services rendered to the date of termination; any accrued but unpaid expenses required to be reimbursed and any vacation accrued to the date of termination. (iii) Except as may be provided under the terms of any incentive compensation, employee benefit, or fringe benefit plan applicable to the you at the time of your termination or resignation of employment prior to the end of the Employment Term, you shall have no right to receive any other compensation, or to participate in any other plan, arrangement or benefit, with respect to future periods after such termination or resignation.

Appears in 4 contracts

Samples: Employment Agreement (Reebok International LTD), Employment Agreement (Reebok International LTD), Employment Agreement (Reebok International LTD)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!