Common use of Voluntary Terminations Clause in Contracts

Voluntary Terminations. If executive voluntarily terminates his employment with the Company, other than a voluntary termination for Good Reason (as defined in section 9.e) or a voluntary termination for Good Reason Outside of a Change of Control, then Executive will (i) receive the base salary through the date of termination of employment and (ii) not be entitled to any other compensation or benefits (including, without limitation, accelerated vesting of stock options) from the Company except to the extent provided under the applicable stock option agreements(s) or as may be required by law (for example, “COBRA” coverage under Section 4980B of the Code). All payments and benefits will be subject to applicable withholding taxes.

Appears in 4 contracts

Samples: Executive Employment Agreement (Electronics for Imaging Inc), Executive Employment Agreement (Electronics for Imaging Inc), Executive Employment Agreement (Electronics for Imaging Inc)

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Voluntary Terminations. If executive voluntarily terminates his employment with the Company, other than a voluntary termination for Good Reason (as defined in section 9.e) or a voluntary termination for Good Reason Outside of a Change of Control9(f)), then Executive will (i) receive the base salary his Base Salary through the date of termination of employment and (ii) not be entitled to any other compensation or benefits (including, without limitation, accelerated vesting of stock optionsoptions or other equity compensation awards) from the Company except to the extent provided under the applicable stock option agreements(s) or as may be required by law (for example, “COBRA” coverage under Section 4980B of the Code). All payments and benefits will be subject to applicable withholding taxes.

Appears in 1 contract

Samples: Executive Employment Agreement (Ubiquiti Networks, Inc.)

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Voluntary Terminations. If executive voluntarily terminates his her employment with the Company, other than a voluntary termination for Good Reason (as defined in section 9.e9(f)) on or a voluntary termination for Good Reason Outside of within twenty-four months following a Change of Control, then Executive will (i) receive the base salary her Base Salary through the date of termination of employment and other earned but unpaid compensation and benefits, and (ii) not be entitled to any other compensation or benefits (including, without limitation, accelerated vesting of stock optionsoptions or other equity compensation awards) from the Company except to the extent provided under the applicable stock option agreements(s) or as may be required by law (for example, “COBRA” coverage under Section 4980B of the Code). All payments and benefits will be subject to applicable withholding taxes.

Appears in 1 contract

Samples: Executive Employment Agreement (Ubiquiti Networks, Inc.)

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