Common use of Without Cause; For Good Reason Clause in Contracts

Without Cause; For Good Reason. The Executive's employment may be terminated during the Employment Period (i) by the Company without Cause or (ii) by the Executive for Good Reason. In the event that the Executive's employment is terminated under this Section 6(f) (whether by the Company or by the Executive), the Termination Date shall be no earlier than 30 days following the date on which a notice of termination is delivered by one party to the other. In the event that the Executive's employment is terminated under this Section 6(f), the Executive (or his estate or representative, as the case may be) shall be entitled to receive (A) the Accrued Benefits;

Appears in 11 contracts

Samples: Executive Employment Agreement (Sauer Danfoss Inc), Employment Agreement (Sauer Danfoss Inc), Employment Agreement (Sauer Danfoss Inc)

AutoNDA by SimpleDocs

Without Cause; For Good Reason. The Executive's employment hereunder may be terminated during the Employment Period (i) by the Company without Cause or (ii) by the Executive for Good Reason. In the event that the Executive's employment is terminated under pursuant to this Section 6(f6(e) (whether by the Company or by the Executive), the Termination Date shall be no earlier than 30 days following the date on which a notice of termination is delivered by one party to the other. In the event that the Executive's employment is terminated under pursuant to this Section 6(f6(e), the Executive (or his estate or representative, as the case may be) shall be entitled to receive (A) the Accrued Benefits; (B) a lump sum payment in cash equal to one year's Base Salary as in effect on the Termination Date;

Appears in 1 contract

Samples: Employment Agreement (Hayes Lemmerz International Inc)

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