Common use of Without Cause, for Good Reason, or Death Clause in Contracts

Without Cause, for Good Reason, or Death. (a) In the event Employee’s employment is terminated (i) by XXX other than for Cause, (ii) by Employee for Good Reason, or (iii) due to Employee’s death, Employee (or Employee’s estate or legal representative) shall be entitled to a cash lump sum payment an amount equal to (1) all previously accrued but unpaid compensation (including accrued but unused vacation leave) as of the date of such termination and (2) the Base Salary that Employee would have been paid had he remained employed with XXX for the ninety (90) day period beginning immediately after XXX gives notice to Employee of Employee’s termination (or beginning immediately after Employee provides XXX with the Good Reason Resignation Notice); and the payments due under Section 3.2.2(a)(2) to be made no later than ten (10) days following the effective date of a mutual general release in a reasonable form prepared by XXX, and signed, by both Employee and XXX. (b) For purposes of this Agreement, “Disability” shall mean that Employee, due to a physical or mental disability, has been substantially unable to perform Employee’s duties under this Agreement for a continuous period of ninety (90) days or longer, or for one hundred and twenty (120) days or more in any twelve (12) month period.

Appears in 3 contracts

Samples: Employment Agreement (RiceBran Technologies), Employment Agreement (RiceBran Technologies), Employment Agreement (RiceBran Technologies)

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Without Cause, for Good Reason, or Death. (a) In the event Employee’s employment is terminated (i) by XXX other than for Cause, (ii) by Employee for Good Reason, or (iii) due to Employee’s death, Employee (or Employee’s estate or legal representative) shall be entitled to a cash lump sum payment an amount equal to (1) all previously accrued but unpaid compensation (including accrued but unused vacation leave) as of the date of such termination and termination, (2) the Base Salary and bonus that Employee would have been paid had he remained employed with XXX for the ninety (90) day remaining period of contract plus an additional 90 days of payment, beginning immediately after XXX Employer gives notice to Employee of Employee’s termination (or beginning immediately after Employee provides XXX with the Good Reason Resignation Notice)termination; and the payments due under Section 3.2.2(a)(2) to be made no later than ten (10) days following the effective date of a mutual general release in a reasonable form prepared by XXX, and signed, by both Employee and XXX. (b) For purposes of this Agreement, “Disability” shall mean that Employee, due to a physical or mental disability, has been substantially unable to perform Employee’s duties under this Agreement for a continuous period of ninety (90) days or longer, or for one hundred and twenty (120) days or more in any twelve (12) month period.

Appears in 1 contract

Samples: Employment Agreement (RiceBran Technologies)

Without Cause, for Good Reason, or Death. (a) In the event Employee’s employment is terminated (i) by XXX NutraCea other than for Cause, (ii) by Employee for Good Reason, or (iii) due to Employee’s death, Employee (or Employee’s estate or legal representative) shall be entitled to to: (A) a cash lump sum payment an amount equal to (1) all previously accrued but unpaid compensation (including accrued but unused vacation leave) as of the date of such termination and termination, (2) the Base Salary that Employee would have been paid had he remained employed with XXX NutraCea for the ninety (90) 180 day period beginning immediately after XXX Employer gives notice to Employee of Employee’s termination (or beginning immediately after Employee provides XXX with the Good Reason Resignation Noticeamount described in this Section 3.2.2(a)(A)(2), the “Severance Payment”); and the payments due under Section 3.2.2(a)(23.2.2(a)(A)(2) to be made no later than ten (10) days following the effective date of a mutual general release in a reasonable form prepared by XXXNutraCea, and signed, by both Employee and XXXNutraCea; and (B) the Option (as defined below) shall remain outstanding and exercisable for a period of ninety (90) days as provided in NutraCea’s 2010 Equity Incentive Plan (“2010 Plan”) and the Option Agreement (as defined below). (b) For purposes of this Agreement, “Disability” shall mean that Employee, due to a physical or mental disability, has been substantially unable to perform Employee’s duties under this Agreement for a continuous period of ninety (90) days or longer, or for one hundred and twenty (120) days or more in any twelve (12) month period.

Appears in 1 contract

Samples: Employment Agreement (Nutracea)

Without Cause, for Good Reason, or Death. (a) In the event Employee’s employment is terminated (i) by XXX other than for Cause, (ii) by Employee for Good Reason, or (iii) due to Employee’s death, Employee (or Employee’s estate or legal representative) shall be entitled to a cash lump sum payment an amount equal to (1) all previously accrued but unpaid compensation (including accrued but unused vacation leave) as of the date of such termination and termination, (2) the Base Salary that Employee would have been paid had he remained employed with XXX for the ninety (90) 180 day period beginning immediately after XXX Employer gives notice to Employee of Employee’s termination (or beginning immediately after Employee provides XXX with the Good Reason Resignation Notice)termination; and the payments due under Section 3.2.2(a)(2) to be made no later than ten (10) days following the effective date of a mutual general release in a reasonable form prepared by XXX, and signed, by both Employee and XXX. (b) For purposes of this Agreement, “Disability” shall mean that Employee, due to a physical or mental disability, has been substantially unable to perform Employee’s duties under this Agreement for a continuous period of ninety (90) days or longer, or for one hundred and twenty (120) days or more in any twelve (12) month period.

Appears in 1 contract

Samples: Employment Agreement (RiceBran Technologies)

Without Cause, for Good Reason, or Death. (a) In the event Employee’s 's employment is terminated (i) by XXX other than for Cause, (ii) by Employee for Good Reason, or (iii) due to Employee’s 's death, Employee (or Employee’s 's estate or legal representative) shall be entitled to a cash lump sum payment an amount equal to (1) all previously accrued but unpaid compensation (including accrued but unused vacation leave) as of the date of such termination and (2) the Base Salary that Employee would have been paid had he remained employed with XXX for the ninety (90) day period beginning immediately after XXX gives notice to Employee of Employee’s 's termination (or beginning immediately after Employee provides XXX with the Good Reason Resignation Notice); and . Employee's right to the payments due under this Section 3.2.2(a)(2) to 3.2.2(a}(2} are conditioned upon and shall be made payable no later than ten (10) days following the effective date of Employee's execution and delivery to XXX of a mutual general release in a reasonable of form prepared by XXX, and signed, by both Employee and content reasonably acceptable to XXX. (b) For purposes of this Agreement, "Disability" shall mean that Employee, due to a physical or mental disability, has been substantially unable to perform Employee’s 's duties under this Agreement for a continuous period of ninety (90) days or longer, or for one hundred and twenty (120) days or more in any twelve (12) month period.

Appears in 1 contract

Samples: Employment Agreement (RiceBran Technologies)

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Without Cause, for Good Reason, or Death. (a) In the event Employee’s employment is terminated (i) by XXX other than for Cause, (ii) by Employee for Good Reason, or (iii) due to Employee’s death, Employee (or Employee’s estate or legal representative) shall be entitled to a cash lump sum payment an amount equal to (1) all previously accrued but unpaid compensation (including accrued but unused vacation leave) as of the date of such termination and (2) the Base Salary that Employee would have been paid had he remained employed with XXX for the ninety (90) 90 day period beginning immediately after XXX gives notice to Employee of Employee’s termination (or beginning immediately after Employee provides XXX with the Good Reason Resignation Notice); and the payments due under Section 3.2.2(a)(2) to be made no later than ten (10) days following the effective date of a mutual general release in a reasonable form prepared by XXX, and signed, by both Employee and XXX. (b) For purposes of this Agreement, “Disability” shall mean that Employee, due to a physical or mental disability, has been substantially unable to perform Employee’s duties under this Agreement for a continuous period of ninety (90) days or longer, or for one hundred and twenty (120) days or more in any twelve (12) month period.

Appears in 1 contract

Samples: Employment Agreement (RiceBran Technologies)

Without Cause, for Good Reason, or Death. (a) In the event Employee’s employment is terminated (i) by XXX other than for Cause, (ii) by Employee for Good Reason, or (iii) due to Employee’s death, Employee (or Employee’s estate or legal representative) shall be entitled to a cash lump sum payment an amount equal to (1) all previously accrued but unpaid compensation (including accrued but unused vacation leave) as of the date of such termination and termination, (2) the Base Salary that Employee would have been paid had he remained employed with XXX for the ninety (90) 90 day period beginning immediately after XXX Employer gives notice to Employee of Employee’s termination (or beginning immediately after Employee provides XXX with the Good Reason Resignation Notice)termination; and the payments due under Section 3.2.2(a)(2) to be made no later than ten (10) days following the effective date of a mutual general release in a reasonable form prepared by XXX, and signed, by both Employee and XXX. (b) For purposes of this Agreement, “Disability” shall mean that Employee, due to a physical or mental disability, has been substantially unable to perform Employee’s duties under this Agreement for a continuous period of ninety (90) days or longer, or for one hundred and twenty (120) days or more in any twelve (12) month period.

Appears in 1 contract

Samples: Employment Agreement (RiceBran Technologies)

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