Examples of Terminated Without Cause in a sentence
Notwithstanding the foregoing, in the event Grantee’s employment is Terminated Without Cause after Grantee becomes eligible for retirement at or after age 62, then Section 1(b) shall govern.
If your Award includes a Performance Share Award and your employment is Involuntarily Terminated Without Cause prior to the end of the Performance Period, you may be entitled to a prorated Performance Share Award.
In addition, the Executive may resign for any reason at any time during the twelve month period following a Change in Control (as defined below) and receive the same salary continuation, bonus eligibility and benefits as if the Executive were Terminated Without Cause pursuant to Section 10(d) of this Agreement.
If at any time during the term of this Agreement, Employee is Terminated Without Cause, then Employee shall be entitled to be paid a Severance Payment equal to (i) one times (1x) employee’s Base Annual salary rate and (ii) a Severance Bonus equivalent to one times (1x) the bonus earned or paid for the previous fiscal year pursuant to Section 3 (a) and 3 (b).
If in the twenty-four (24) month period following a Change in Control, Executive (i) Resigns for Good Reason or (ii) is otherwise Terminated Without Cause, the Bank shall pay to Executive a lump sum payment equal to eighteen (18) months base salary then in effect.