Common use of Without Good Cause Clause in Contracts

Without Good Cause. If the Executive terminates his employment with the Company pursuant to Section 5(g) without Good Cause, the Company shall have no obligation to compensate the Executive following the Date of Resignation. However, the Executive shall be entitled to retain such stock-based compensation (including, without limitation, shares of restricted stock and/or options to purchase securities of the Company granted or sold to the Executive pursuant to the terms and conditions of any of the Company's stock incentive plans or otherwise) as has vested as of the Date of Termination. In any event, at the Executive's own expense, the Executive and his dependents shall be entitled to any continuation of health insurance coverage rights required by any applicable law.

Appears in 6 contracts

Samples: Employment Agreement (Golf Trust of America Inc), Employment Agreement (Golf Trust of America Inc), Employment Agreement (Golf Trust of America Inc)

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Without Good Cause. If the Executive terminates his employment with the Company pursuant to Section 5(g) without Good Cause, the Company shall have no obligation to compensate the Executive following the Date of Resignation. However, the Executive shall be entitled to retain such stock-based compensation (including, without limitation, shares of restricted stock and/or options to purchase securities of the Company granted or sold to the Executive pursuant to the terms and conditions of any of the Company's stock incentive plans or otherwise) as has vested as of the Date of Termination. In any event, at the Executive's own expense, the Executive and his dependents shall be entitled to any continuation of health insurance coverage rights required by any applicable law.

Appears in 5 contracts

Samples: Employment Agreement (Golf Trust of America Inc), Employment Agreement (Golf Trust of America Inc), Employment Agreement (Golf Trust of America Inc)

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Without Good Cause. If the Executive terminates his employment with the Company pursuant to Section 5(g) without Good Cause, the Company shall have no obligation to compensate the Executive following the Date of Resignation. However, the Executive shall be entitled to retain such any stock-based compensation (compensation, including, without limitation, shares of restricted stock and/or any and all options to purchase securities of the Company Company, granted or sold to the Executive pursuant to the terms and conditions of any of the Company's stock incentive plans Stock Incentive Plan or otherwise) as has otherwise that have vested as of the Date date of Terminationsuch termination. In any event, at the Executive's own expense, the Executive and his dependents shall be entitled to any continuation of health insurance coverage rights required by any applicable law.

Appears in 1 contract

Samples: Employment Agreement (Golf Trust of America Inc)

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