Common use of Without Cause by the Company Clause in Contracts

Without Cause by the Company. The Employment Term and the Executive’s employment hereunder may be terminated by the Company without “Cause.” If the Executive’s employment is terminated by the Company without “Cause” (other than by reason of Disability or death), the Executive shall be entitled to receive (i) within 45 days of such termination, any earned or accrued and unpaid Base Salary and Benefits and Bonus (provided that any such Bonus shall not be payable until such time as the Executive would have received the Bonus had his employment not terminated), (ii) continuation of the Executive’s Base Salary for a period of twelve (12) months from the date of termination (the “Severance Payment”), (iii) continuation of the Executive’s (and the Executive’s dependents, if applicable) health and dental benefits on the same basis as those benefits are generally made available to other executives of the Company to the extent permitted under the applicable health or dental plan for a period of twelve (12) months from the date of termination, and (iv) reimbursement for outplacement services, not to exceed a total of $5,000. Upon termination of Executive’s employment by the Company without Cause pursuant to this Section 9(c), Executive shall have no additional rights to any compensation or any other benefits under this Agreement. All other benefits, if any, due Executive following Executive’s termination of employment by the Company without Cause shall be determined in accordance with the plans, policies and practices of the Company.

Appears in 2 contracts

Samples: Employment Agreement (Interline Brands, Inc./De), Employment Agreement (Interline Brands, Inc./De)

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Without Cause by the Company. The Employment Term and the Executive’s employment hereunder may be terminated by the Company at any time without “Cause.” If the Executive’s employment is terminated by the Company without “Cause” (other than by reason of Disability or death), the Executive shall be entitled to receive (i) within 45 days of such termination, any earned or accrued and unpaid Base Salary and Benefits and Bonus (provided that any such Bonus shall not be payable until such time as the Executive would have received the Bonus had his employment not terminated), (ii) continuation of the Executive’s Base Salary for a period of twelve (12) months from the date of termination (the “Severance Payment”), (iii) continuation of the Executive’s (and the Executive’s dependents, if applicable) health and dental benefits on the same basis as those benefits are generally made available to other executives of the Company to the extent permitted under the applicable health or dental plan for a period of twelve (12) months from the date of termination, and (iv) reimbursement a Pro Rata Bonus payable at such time as bonuses for outplacement services, the relevant year would otherwise have been paid had the Executive’s employment not to exceed a total of $5,000been terminated. Upon termination of Executive’s employment by the Company without Cause pursuant to this Section 9(c10(c), Executive shall have no additional rights to any compensation or any other benefits under this Agreement. All other benefits, if any, due Executive following Executive’s termination of employment by the Company without Cause shall be determined in accordance with the plans, policies and practices of the Company.

Appears in 1 contract

Samples: Restricted Share Unit Agreement (Interline Brands, Inc./De)

Without Cause by the Company. The Employment Term and the Executive’s employment hereunder may be terminated by the Company without “Cause.” If the Executive’s employment is terminated by the Company without “Cause” (other than by reason of Disability or death), the Executive shall be entitled to receive (i) within 45 days of such termination, any earned or accrued and unpaid Base Salary and Benefits and Bonus (provided that any such Bonus shall not be payable until such time as the Executive would have received the Bonus had his employment not terminated), (ii) continuation of the Executive’s Base Salary for a period of twelve (12) months from the date of termination (the “Severance Payment”), (iii) continuation of the Executive’s (and the Executive’s dependents, if applicable) health and dental benefits on the same basis as those benefits are generally made available to other executives of the Company to the extent permitted under the applicable health or dental plan for a period of twelve (12) months from the date of termination, and (iv) reimbursement for outplacement services, not to exceed a total of $5,000. Upon termination of Executive’s employment by the Company without Cause pursuant to this Section 9(c), Executive shall have no additional rights to any compensation or any other benefits under this Agreement. All other benefits, if any, due Executive following Executive’s termination of employment by the Company without Cause shall be determined in accordance with the plans, policies and practices of the Company.. (d)

Appears in 1 contract

Samples: Employment Agreement

Without Cause by the Company. The Employment Term and the Executive’s employment hereunder may be terminated by the Company without “Cause.” If the Executive’s employment is terminated by the Company without “Cause” (other than by reason of Disability or death), the Executive shall be entitled to receive (i) within 45 forty-five (45) days of such termination, any earned or accrued and unpaid Base Salary and Benefits and Bonus (provided that any such Bonus shall not be payable until such time as the Executive would have received the Bonus had his employment not terminated), (ii) continuation of the Executive’s Base Salary for a period of twelve (12) months from the date of termination (the “Severance Payment”), (iii) continuation of the Executive’s (and the Executive’s dependents, if applicable) health and dental benefits on the same basis as those benefits are generally made available to other executives of the Company to the extent permitted under the applicable health or dental plan for a period of twelve (12) months from the date of termination, and (iv) reimbursement a Pro Rata Bonus payable at such time as bonuses for outplacement services, the relevant year would otherwise have been paid had the Executive’s employment not to exceed a total of $5,000been terminated. Upon termination of Executive’s employment by the Company without Cause pursuant to this Section 9(c8(c), Executive shall have no additional rights to any compensation or any other benefits under this Agreement. All other benefits, if any, due Executive following Executive’s termination of employment by the Company without Cause shall be determined in accordance with the plans, policies and practices of the Company.

Appears in 1 contract

Samples: Employment Agreement (Interline Brands, Inc./De)

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Without Cause by the Company. The Employment Term and the Executive’s 's employment hereunder may be terminated by the Company without “Cause.” If the Executive’s 's employment is terminated by the Company without “Cause” (other than by reason of Disability or death), the Executive shall be entitled to receive (i) within 45 days of such termination, any earned or accrued and unpaid Base Salary and Benefits and Bonus (provided that any such Bonus shall not be payable until such time as the Executive would have received the Bonus had his employment not terminated), (ii) continuation of the Executive’s 's Base Salary for a period of twelve (12) months from the date of termination (the “Severance Payment”), (iii) continuation of the Executive’s 's (and the Executive’s 's dependents, if applicable) health and dental benefits on the same basis as those benefits are generally made available to other executives of the Company to the extent permitted under the applicable health or dental plan for a period of twelve (12) months from the date of termination, and (iv) reimbursement a Pro Rata Bonus payable at such time as bonuses for outplacement services, the relevant year would otherwise have been paid had the Executive's employment not to exceed a total of $5,000been terminated. Upon termination of Executive’s 's employment by the Company without Cause pursuant to this Section 9(c), Executive shall have no additional rights to any compensation or any other benefits under this Agreement. All other benefits, if any, due Executive following Executive’s 's termination of employment by the Company without Cause shall be determined in accordance with the plans, policies and practices of the Company.

Appears in 1 contract

Samples: Employment Agreement (Interline Brands, Inc./De)

Without Cause by the Company. The Employment Term and the Executive’s employment hereunder may be terminated by the Company without “Cause.” If the Executive’s employment is terminated by the Company without “Cause” (other than by reason of Disability or death), the Executive shall be entitled to receive (i) within 45 days of such termination, any earned or accrued and unpaid Base Salary and Benefits and Bonus (provided that any such Bonus shall not be payable until such time as the Executive would have received the Bonus had his employment not terminated), (ii) continuation of the Executive’s Base Salary for a period of twelve eighteen (1218) months from the date of termination (the “Severance Payment”), (iii) continuation of the Executive’s (and the Executive’s dependents, if applicable) health and dental benefits on the same basis as those benefits are generally made available to other executives of the Company to the extent permitted under 3 the applicable health or dental plan for a period of twelve eighteen (1218) months from the date of termination, and (iv) reimbursement a Pro Rata Bonus payable at such time as bonuses for outplacement services, the relevant year would otherwise have been paid had the Executive’s employment not to exceed a total of $5,000been terminated. Upon termination of Executive’s employment by the Company without Cause pursuant to this Section 9(c), Executive shall have no additional rights to any compensation or any other benefits under this Agreement. All other benefits, if any, due Executive following Executive’s termination of employment by the Company without Cause shall be determined in accordance with the plans, policies and practices of the Company.

Appears in 1 contract

Samples: Employment Agreement (Interline Brands, Inc./De)

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