Without Cause. The Company may terminate the Employment without cause, at any time, upon a prior written notice. Upon termination without cause, the Company shall provide the following severance payments and benefits to the Executive: (1) a lump sum cash payment equal to 12 months of the Executive’s base salary as of the date of such termination; (2) a lump sum cash payment equal to a pro-rated amount of his target annual bonus for the year immediately preceding the termination, if any; (3) payment of premiums for continued health benefits under the Company’s health plans for 12 months fo1lowing the termination, if any; and (4) immediate vesting of 100% of the then-unvested portion of any outstanding equity awards held by the Executive. Upon termination without, the Executive shall be entitled to the amount of base salary earned and not paid prior to termination.
Appears in 36 contracts
Samples: Employment Agreement (Decent Holding Inc.), Employment Agreement (NetClass Technology Inc), Employment Agreement (NetClass Technology Inc)
Without Cause. The Company may terminate the Employment without cause, at any time, upon a one-month prior written notice. Upon termination without cause, the Company shall provide the following severance payments and benefits to the Executive: (1) a lump sum cash payment equal to 12 to1 months of the Executive’s base salary as of the date of such termination; (2) a lump sum cash payment equal to a pro-rated amount of his target annual bonus for the year immediately preceding the termination, if any; (3) payment of premiums for continued health benefits under the Company’s health plans for 12 months fo1lowing the termination, if any; and (4) immediate vesting of 100% of the then-unvested portion of any outstanding equity awards held by the Executive. Upon termination without, the Executive shall be entitled to the amount of base salary earned and not paid prior to termination.
Appears in 13 contracts
Samples: Employment Agreement (TD Holdings, Inc.), Employment Agreement (TD Holdings, Inc.), Employment Agreement (TD Holdings, Inc.)
Without Cause. The Company may terminate the Employment without cause, at any time, upon a one-month prior written notice. Upon termination without cause, the Company shall provide the following severance payments and benefits to the Executive: (1) a lump sum cash payment equal to 12 months of the Executive’s base salary as of the date of such termination; (2) a lump sum cash payment equal to a pro-rated amount of his target annual bonus for the year immediately preceding the termination, if any; (3) payment of premiums for continued health benefits under the Company’s health plans for 12 months fo1lowing the termination, if any; and (4) immediate vesting of 100% of the then-unvested portion of any outstanding equity awards held by the Executive. Upon termination without, the Executive shall be entitled to the amount of base salary earned and not paid prior to termination.
Appears in 13 contracts
Samples: Employment Agreement (Color Star Technology Co., Ltd.), Employment Agreement (Huitao Technology Co., Ltd.), Employment Agreement (TMSR HOLDING Co LTD)
Without Cause. The Company may terminate the Employment without cause, at any time, upon a one month prior written notice. Upon termination without cause, the Company shall provide the following severance payments and benefits to the Executive: (1) a lump sum cash payment equal to 12 to1 months of the Executive’s base salary as of the date of such termination; (2) a lump sum cash payment equal to a pro-rated amount of his target annual bonus for the year immediately preceding the termination, if any; (3) payment of premiums for continued health benefits under the Company’s health plans for 12 months fo1lowing the termination, if any; and (4) immediate vesting of 100% of the then-unvested portion of any outstanding equity awards held by the Executive. Upon termination without, the Executive shall be entitled to the amount of base salary earned and not paid prior to termination.
Appears in 11 contracts
Samples: Employment Agreement (Bit Digital, Inc), Employment Agreement (Green Giant Inc.), Employment Agreement (Green Giant Inc.)
Without Cause. The Company may terminate the Employment without cause, at any time, upon a prior written notice. Upon termination without cause, the Company shall provide the following severance payments and benefits to the Executive: (1) a lump sum cash payment equal to 12 months of the Executive’s base salary as of the date of such termination; (2) a lump sum cash payment equal to a pro-rated amount of his her target annual bonus for the year immediately preceding the termination, if any; (3) payment of premiums for continued health benefits under the Company’s health plans for 12 months fo1lowing the termination, if any; and (4) immediate vesting of 100% of the then-unvested portion of any outstanding equity awards held by the Executive. Upon termination without, the Executive shall be entitled to the amount of base salary earned and not paid prior to termination.
Appears in 8 contracts
Samples: Employment Agreement (Park Ha Biological Technology Co., Ltd.), Employment Agreement (Park Ha Biological Technology Co., Ltd.), Employment Agreement (Park Ha Biological Technology Co., Ltd.)
Without Cause. The Company may terminate the Employment without cause, at any time, upon a one-month prior written notice. Upon termination without cause, the Company shall provide the following severance payments and benefits to the Executive: (1) a lump sum cash payment equal to 12 3 months of the Executive’s base salary as of the date of such termination; (2) a lump sum cash payment equal to a pro-rated amount of his target annual bonus for the year immediately preceding the termination, if any; (3) payment of premiums for continued health benefits under the Company’s health plans for 12 3 months fo1lowing the termination, if any; and (4) immediate vesting of 100% of the then-unvested portion of any outstanding equity awards held by the Executive. Upon termination without, the Executive shall be entitled to the amount of base salary earned and not paid prior to termination.
Appears in 8 contracts
Samples: Employment Agreement (Meiwu Technology Co LTD), Employment Agreement (Huake Holding Biology Co., LTD), Employment Agreement (China Internet Nationwide Financial Services, Inc.)
Without Cause. The Company may terminate the Employment without cause, at any time, upon a one-month prior written notice. Upon termination without cause, the Company shall provide the following severance payments and benefits to the ExecutiveDirector: (1) a lump sum cash payment equal to 12 6 months of the ExecutiveDirector’s base salary as of the date of such termination; (2) a lump sum cash payment equal to a pro-rated amount of his [his/her] target annual bonus for the year immediately preceding the termination, if any; (3) payment of premiums for continued health benefits under the Company’s health plans for 12 months fo1lowing following the termination, if any; and (4) immediate vesting of 100% of the then-unvested portion of any outstanding equity awards held by the ExecutiveDirector. Upon termination without, the Executive Director shall be entitled to the amount of base salary earned and not paid prior to termination.
Appears in 7 contracts
Samples: Director Agreement (Autozi Internet Technology (Global) Ltd.), Director Agreement (Unitrend Entertainment Group LTD), Director Agreement (Green Circle Decarbonize Technology LTD)
Without Cause. The Company may terminate the Employment without cause, at any time, upon a one-month prior written notice. Upon termination without cause, the Company shall provide the following severance payments and benefits to the Executive: (1) a lump sum cash payment equal to 12 3 months of the Executive’s base salary as of the date of such termination; (2) a lump sum cash payment equal to a pro-rated amount of his her target annual bonus for the year immediately preceding the termination, if any; (3) payment of premiums for continued health benefits under the Company’s health plans for 12 3 months fo1lowing the termination, if any; and (4) immediate vesting of 100% of the then-unvested portion of any outstanding equity awards held by the Executive. Upon termination without, the Executive shall be entitled to the amount of base salary earned and not paid prior to termination.
Appears in 6 contracts
Samples: Employment Agreement (Meiwu Technology Co LTD), Employment Agreement (Meiwu Technology Co LTD), Employment Agreement (Meiwu Technology Co LTD)
Without Cause. The Company may terminate the Employment without cause, at any time, upon a one-month prior written notice. Upon termination without cause, the Company shall provide the following severance payments and benefits to the ExecutiveCEO: (1) a lump sum cash payment equal to 12 months of the ExecutiveCEO’s base salary as of the date of such termination; (2) a lump sum cash payment equal to a pro-rated amount of his target annual bonus for the year immediately preceding the termination, if any; (3) payment of premiums for continued health benefits under the Company’s health plans for 12 months fo1lowing the termination, if any; and (4) immediate vesting of 100% of the then-unvested portion of any outstanding equity awards held by the ExecutiveCEO. Upon termination without, the Executive CEO shall be entitled to the amount of base salary earned and not paid prior to termination.
Appears in 6 contracts
Samples: Employment Agreement (Qilian International Holding Group LTD), Employment Agreement (Qilian International Holding Group LTD), Employment Agreement (Qilian International Holding Group LTD)
Without Cause. The Company may terminate the Employment without cause, at any time, upon a prior written notice. Upon termination without cause, the Company shall provide the following severance payments and benefits to the Executive: (1) a lump sum cash payment equal to 12 months of the Executive’s base salary as of the date of such termination; (2) a lump sum cash payment equal to a pro-rated amount of his target annual bonus for the year immediately preceding the termination, if any; (3) payment of premiums for continued health benefits under the Company’s health plans for 12 months fo1lowing following the termination, if any; and (4) immediate vesting of 100% of the then-unvested portion of any outstanding equity awards held by the Executive. Upon termination without, the Executive shall be entitled to the amount of base salary earned and not paid prior to termination.
Appears in 4 contracts
Samples: Employment Agreement (NetClass Technology Inc), Employment Agreement (NetClass Technology Inc), Employment Agreement (NetClass Technology Inc)
Without Cause. The Company may terminate the Employment without cause, at any time, upon a one-month prior written notice. Upon termination without cause, the Company shall provide the following severance payments and benefits to the Executive: (1) a lump sum cash payment equal to 12 months of the Executive’s base salary as of the date of such termination; (2) a lump sum cash payment equal to a pro-rated amount of his target annual bonus for the year immediately preceding the termination, if any; (3) payment of premiums for continued health benefits under the Company’s health plans for 12 months fo1lowing the termination, if any; and (4) immediate vesting of 100% of the then-unvested portion of any outstanding equity awards held by the Executive. Upon termination withoutwithout cause, the Executive shall be entitled to the amount of base salary earned and not paid prior to termination.
Appears in 3 contracts
Samples: Employment Agreement (YCQH Agricultural Technology Co. LTD), Employment Agreement (YCQH Agricultural Technology Co. LTD), Employment Agreement (Dunxin Financial Holdings LTD)
Without Cause. The Company may terminate the Employment without cause, at any time, upon a one-month prior written notice. Upon termination without cause, the Company shall provide the following severance payments and benefits to the Executive: (1) a lump sum cash payment equal to 12 months of the Executive’s base salary as of the date of such termination; (2) a lump sum cash payment equal to a pro-rated amount of his his/her target annual bonus for the year immediately preceding the termination, if any; (3) payment of premiums for continued health benefits under the Company’s health plans for 12 months fo1lowing following the termination, if any; and (4) immediate vesting of 100% of the then-unvested portion of any outstanding equity awards held by the Executive. Upon termination without, the Executive shall be entitled to the amount of base salary earned and not paid prior to termination.
Appears in 3 contracts
Samples: Employment Agreement (Greenland Technologies Holding Corp.), Employment Agreement (Greenland Technologies Holding Corp.), Employment Agreement (Greenland Technologies Holding Corp.)
Without Cause. The Company may terminate the Employment without cause, at any time, upon a prior written notice. Upon termination without cause, the Company shall provide the following severance payments and benefits to the ExecutiveDirector: (1) a lump sum cash payment equal to 12 months of the ExecutiveDirector’s base salary as of the date of such termination; (2) a lump sum cash payment equal to a pro-rated amount of his target annual bonus for the year immediately preceding the termination, if any; (3) payment of premiums for continued health benefits under the Company’s health plans for 12 months fo1lowing the termination, if any; and (4) immediate vesting of 100% of the then-unvested portion of any outstanding equity awards held by the ExecutiveDirector. Upon termination without, the Executive Director shall be entitled to the amount of base salary earned and not paid prior to termination.
Appears in 3 contracts
Samples: Employment Agreement (Yi Po International Holdings LTD), Employment Agreement (ReTo Eco-Solutions, Inc.), Employment Agreement (Color Star Technology Co., Ltd.)
Without Cause. The Company may terminate the Employment without cause, at any time, upon a one-month prior written notice. Upon termination without cause, the Company shall provide the following severance payments and benefits to the ExecutiveDirector: (1) a lump sum cash payment equal to 12 6 months of the ExecutiveDirector’s base salary as of the date of such termination; (2) a lump sum cash payment equal to a pro-rated amount of his target annual bonus for the year immediately preceding the termination, if any; (3) payment of premiums for continued health benefits under the Company’s health plans for 12 months fo1lowing following the termination, if any; and (4) immediate vesting of 100% of the then-unvested portion of any outstanding equity awards held by the ExecutiveDirector. Upon termination without, the Executive Director shall be entitled to the amount of base salary earned and not paid prior to termination.
Appears in 2 contracts
Samples: Director Agreement (Color Star Technology Co., Ltd.), Director Agreement (Color Star Technology Co., Ltd.)
Without Cause. The Company may terminate the Employment without cause, at any time, upon a one-month prior written notice. Upon termination without cause, the Company shall provide the following severance payments and benefits to the Executive: (1) a lump sum cash payment equal to 12 twelve (12) months of the Executive’s base salary as of the date of such termination; (2) a lump sum cash payment equal to a pro-rated amount of his target annual bonus for the year immediately preceding the termination, if any; (3) payment of premiums for continued health benefits under the Company’s health plans for 12 months fo1lowing the termination, if any; and (4) immediate vesting of one hundred percent (100% %) of the then-unvested portion of any outstanding equity awards held by the Executive. Upon termination without, the Executive shall be entitled to the amount of base salary earned and not paid prior to termination.
Appears in 2 contracts
Samples: Employment Agreement (China Commercial Credit Inc), Employment Agreement (China Commercial Credit Inc)
Without Cause. The Company may terminate the Employment without cause, at any time, upon a one-month prior written notice. Upon termination without cause, the Company shall provide the following severance payments and benefits to the Executive: (1) a lump sum cash payment equal to 12 1 months of the Executive’s base salary as of the date of such termination; (2) a lump sum cash payment equal to a pro-rated amount of his target annual bonus for the year immediately preceding the termination, if any; (3) payment of premiums for continued health benefits under the Company’s health plans for 12 months fo1lowing the termination, if any; and (4) immediate vesting of 100% of the then-unvested portion of any outstanding equity awards held by the Executive. Upon termination withoutwithout cause, the Executive shall be entitled to the amount of base salary earned and not paid prior to termination.
Appears in 2 contracts
Samples: Employment Agreement (Regencell Bioscience Holdings LTD), Employment Agreement (Regencell Bioscience Holdings LTD)
Without Cause. The Company may terminate the Employment without cause, at any time, upon a one- month prior written notice. Upon termination without cause, the Company shall provide the following severance payments and benefits to the ExecutiveCEO: (1) a lump sum cash payment equal to 12 months of the ExecutiveCEO’s base salary as of the date of such termination; (2) a lump sum cash payment equal to a pro-rated amount of his target annual bonus for the year immediately preceding the termination, if any; (3) payment of premiums for continued health benefits under the Company’s health plans for 12 months fo1lowing the termination, if any; and (4) immediate vesting of 100% of the then-unvested portion of any outstanding equity awards held by the ExecutiveCEO. Upon termination without, the Executive CEO shall be entitled to the amount of base salary earned and not paid prior to termination.
Appears in 1 contract
Without Cause. The Company may terminate the Employment without cause, at any time, upon a prior written notice. Upon termination without cause, the Company shall provide the following severance payments and benefits to the Executive: (1) a lump sum cash payment equal to 12 months of the Executive’s base salary as of the date of such termination; (2) a lump sum cash payment equal to a pro-rated amount of his target annual bonus for the year immediately preceding the termination, if any; (3) payment of premiums for continued health benefits under the Company’s health plans for 12 months fo1lowing the termination, if any; and (4) immediate vesting of 100% of the then-unvested portion of any outstanding equity awards held by the Executive. Upon termination withoutwithout cause , the Executive shall be entitled to the amount of base salary earned and not paid prior to termination.
Appears in 1 contract
Without Cause. The Company may terminate the Employment without cause, at any time, upon a prior written notice. Upon termination without cause, the Company shall provide the following severance payments and benefits to the Executive: (1) a lump sum cash payment equal to 12 months of the Executive’s 's base salary as of the date of such termination; (2) a lump sum cash payment equal to a pro-pro rated amount of his target annual bonus for the year immediately preceding the termination, if any; (3) payment of premiums for continued health benefits under the Company’s 's health plans for 12 months fo1lowing following the termination, if any; and (4) immediate vesting of 100% of the then-unvested portion of any outstanding equity awards held by the Executive. Upon termination without, the Executive shall be entitled to the amount of base salary earned and not paid prior to termination.
Appears in 1 contract
Without Cause. The Company may terminate the Employment employment without cause, at any time, upon a one-month prior written notice. Upon termination without cause, the Company shall provide the following severance payments and benefits to the Executive: (1) a lump sum cash payment equal to 12 one months of the Executive’s base salary as of the date of such termination; (2) a lump sum cash payment equal to a pro-rated amount of his target annual bonus for the year immediately preceding the termination, if any; (3) payment of premiums for continued health benefits under the Company’s health plans for 12 months fo1lowing the termination, if any; and (4) immediate vesting of 100% of the then-unvested portion of any outstanding equity awards held by the Executive. Upon termination without, the Executive Officer shall be entitled to the amount of base salary earned and not paid prior to termination.
Appears in 1 contract
Samples: Executive Officer Agreement (Carbon Zero Technologies International Inc.)
Without Cause. The Company may terminate the Employment without cause, at any time, upon a one-month prior written notice. Upon termination without cause, the Company shall provide the following severance payments and benefits to the Executive: (1) a lump sum cash payment equal to 12 3 months of the Executive’s base salary as of the date of such termination; (2) a lump sum cash payment equal to a pro-rated amount of his target annual bonus for the year immediately preceding the termination, if any; (3) payment of premiums for continued health benefits under the Companycompany’s health plans for 12 3 months fo1lowing the termination, if any; and (4) immediate vesting of 100% of the then-unvested portion of any outstanding equity awards held by the Executive. Upon termination without, the Executive shall be entitled to the amount of base salary earned and not paid prior to termination.
Appears in 1 contract
Without Cause. The Company may terminate the Employment without cause, at any time, upon a one-month prior written notice. Upon termination without cause, the Company shall provide the following severance payments and benefits to the ExecutiveCEO: (1) a lump sum cash payment equal to 12 months of the ExecutiveCEO’s base salary as of the date of such termination; (2) a lump sum cash payment equal to a pro-rated amount of his target annual bonus for the year immediately preceding the termination, if any; (3) payment of premiums for continued health benefits under the Company’s health plans for 12 months fo1lowing following the termination, if any; and (4) immediate vesting of 100% of the then-unvested portion of any outstanding equity awards held by the ExecutiveCEO. Upon termination without, the Executive CEO shall be entitled to the amount of base salary earned and not paid prior to termination.
Appears in 1 contract
Samples: Employment Agreement (China SXT Pharmaceuticals, Inc.)
Without Cause. The Company may terminate the Employment without cause, at any time, upon a one-month prior written notice. Upon termination without cause, the Company shall provide the following severance payments and benefits to the Executive: (1) a lump sum cash payment equal to 12 months 1 month of the Executive’s base salary as of the date of such termination; (2) a lump sum cash payment equal to a pro-rated amount of his target annual bonus for the year immediately preceding the termination, if any; (3) payment of premiums for continued health benefits under the Company’s health plans for 12 months fo1lowing the termination, if any; and (4) immediate vesting of 100% of the then-unvested portion of any outstanding equity awards held by the Executive. Upon termination withoutwithout cause, the Executive shall be entitled to the amount of base salary earned and not paid prior to termination.
Appears in 1 contract
Samples: Employment Agreement (Paranovus Entertainment Technology Ltd.)
Without Cause. The Company may terminate the Employment without cause, at any time, upon a prior written notice. Upon termination without cause, the Company shall provide the following severance payments and benefits to the ExecutiveDirector: (1) a lump sum cash payment equal to 12 months of the ExecutiveDirector’s base salary as of the date of such termination; (2) a lump sum cash payment equal to a pro-rated amount of his target annual bonus for the year immediately preceding the termination, if any; (3) payment of premiums for continued health benefits under the Company’s health plans for 12 months fo1lowing following the termination, if any; and (4) immediate vesting of 100% of the then-unvested portion of any outstanding equity awards held by the ExecutiveDirector. Upon termination without, the Executive Director shall be entitled to the amount of base salary earned and not paid prior to termination.
Appears in 1 contract
Samples: Employment Agreement (Color Star Technology Co., Ltd.)
Without Cause. The Company may terminate the Employment without cause, at any time, upon a one-month prior written notice. Upon termination without cause, the Company shall provide the following severance payments and benefits to the Executive: (1) a lump sum cash payment equal to 12 to1 months of the Executive’s base salary as of the date of such termination; (2) a lump sum cash payment equal to a pro-rated amount of his target annual bonus for the year immediately preceding the termination, if any; (3) payment of premiums for continued health benefits under the Company’s health plans for 12 months fo1lowing the termination, if any; and (4) immediate vesting of 100% of the then-unvested portion of any outstanding equity awards held by the Executive. Upon termination withoutwithout cause, the Executive shall be entitled to the amount of base salary earned and not paid prior to termination.
Appears in 1 contract
Samples: Employment Agreement (Happiness Development Group LTD)
Without Cause. The Company may terminate the Employment without cause, at any time, upon a one-month prior written notice. Upon termination without cause, the Company shall provide the following severance payments and benefits to the Executive: (1) a lump sum cash payment equal to 12 3 months of the Executive’s base salary as of the date of such termination; (2) a lump sum cash payment equal to a pro-rated amount of his his/her target annual bonus for the year immediately preceding the termination, if any; (3) payment of premiums for continued health benefits under the Company’s health plans for 12 3 months fo1lowing following the termination, if any; and (4) immediate vesting of 100% of the then-unvested portion of any outstanding equity awards held by the Executive. Upon termination without, the Executive shall be entitled to the amount of base salary earned and not paid prior to termination.
Appears in 1 contract
Samples: Employment Agreement (TuanChe LTD)
Without Cause. The Company may terminate the Employment without cause, at any time, upon a one-month prior written notice. Upon termination without cause, the Company shall provide the following severance payments and benefits to the ExecutiveCEO: (1) a lump sum cash payment equal to 12 months of the ExecutiveCEO’s base salary as of the date of such termination; (2) a lump sum cash payment equal to a pro-rated amount of his her target annual bonus for the year immediately preceding the termination, if any; (3) payment of premiums for continued health benefits under the Company’s health plans for 12 months fo1lowing the termination, if any; and (4) immediate vesting of 100% of the then-unvested portion of any outstanding equity awards held by the ExecutiveCEO. Upon termination without, the Executive CEO shall be entitled to the amount of base salary earned and not paid prior to termination.
Appears in 1 contract
Without Cause. The Company may terminate the Employment without cause, at any time, upon a one-month prior written notice. Upon termination without cause, the Company shall provide the following severance payments and benefits to the ExecutiveCEO: (1) a lump sum cash payment equal to 12 months of the ExecutiveCEO’s base salary as of the date of such termination; (2) a lump sum cash payment equal to a pro-rated amount of his target annual bonus for the year immediately preceding the termination, if any; (3) payment of premiums for continued health benefits under the Company’s health plans for 12 months fo1lowing the termination, if any; and (4) immediate vesting of 100% of the then-unvested portion of any outstanding equity awards held by the ExecutiveCEO. Upon termination withoutwithout cause, the Executive CEO shall be entitled to the amount of base salary earned and not paid prior to termination.
Appears in 1 contract
Samples: Employment Agreement (Color Star Technology Co., Ltd.)
Without Cause. The Company may terminate the Employment without cause, at any time, upon a one-month prior written notice. Upon termination without cause, the Company shall provide the following severance payments and benefits to the Executive: (1) a lump sum cash payment equal to 12 3 months of the Executive’s base salary as of the date of such termination; (2) a lump sum cash payment equal to a pro-rated pro -rated amount of his target annual bonus for the year immediately preceding the termination, if any; (3) payment of premiums for continued health benefits under the Company’s health plans for 12 3 months fo1lowing the termination, if any; and (4) immediate vesting of 100% of the then-unvested portion of any outstanding equity awards held by the Executive. Upon termination without, the Executive shall be entitled to the amount of base salary earned and not paid prior to termination.
Appears in 1 contract
Samples: Employment Agreement (China Internet Nationwide Financial Services, Inc.)
Without Cause. The Company may terminate the Employment without cause, at any time, upon a prior written notice. Upon termination without cause, the Company shall provide the following severance payments and benefits to the Executive: (1) a lump sum cash payment equal to 12 months of the Executive’s base salary as of the date of such termination; (2) a lump sum cash payment equal to a pro-pro- rated amount of his target annual bonus for the year immediately preceding the termination, if any; (3) payment of premiums for continued health benefits under the Company’s health plans for 12 months fo1lowing the termination, if any; and (4) immediate vesting of 100% of the then-unvested portion of any outstanding equity awards held by the Executive. Upon termination without, the Executive shall be entitled to the amount of base salary earned and not paid prior to termination.
Appears in 1 contract
Samples: Employment Agreement (Code Chain New Continent LTD)
Without Cause. The Company may terminate the Employment without cause, at any time, upon a one-month prior written notice. Upon termination without cause, the Company shall provide the following severance payments and benefits to the Executive: (1) a lump sum cash payment equal to 12 months of the Executive’s base salary as of the date of such termination; (2) a lump sum cash payment equal to a pro-rated amount of his her target annual bonus for the year immediately preceding the termination, if any; (3) payment of premiums for continued health benefits under the Company’s health plans for 12 months fo1lowing the termination, if any; and (4) immediate vesting of 100% of the then-unvested portion of any outstanding equity awards held by the Executive. Upon termination without, the Executive shall be entitled to the amount of base salary earned and not paid prior to termination.
Appears in 1 contract
Without Cause. The Company may terminate the Employment without cause, at any time, upon a one-month prior written notice. Upon termination without cause, the Company shall provide the following severance payments and benefits to the Executive: (1) a lump sum cash payment equal to 12 1 months of the Executive’s base salary as of the date of such termination; (2) a lump sum cash payment equal to a pro-rated amount of his her target annual bonus for the year immediately preceding the termination, if any; (3) payment of premiums for continued health benefits under the Company’s health plans for 12 months fo1lowing the termination, if any; and (4) immediate vesting of 100% of the then-unvested portion of any outstanding equity awards held by the Executive. Upon termination withoutwithout cause, the Executive shall be entitled to the amount of base salary earned and not paid prior to termination.
Appears in 1 contract
Samples: Employment Agreement (Paranovus Entertainment Technology Ltd.)