Benefits After a Qualifying Termination Sample Clauses

The "Benefits After a Qualifying Termination" clause defines the rights of an employee or party to receive certain benefits if their employment or agreement is terminated under specific, predefined circumstances. Typically, this clause outlines what constitutes a qualifying termination—such as being laid off without cause or resigning for good reason—and details the types of benefits provided, which may include severance pay, continued health insurance, or accelerated vesting of equity. Its core function is to provide financial security and predictability for the affected party, while also clarifying the employer’s obligations in the event of such a termination.
Benefits After a Qualifying Termination 
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Related to Benefits After a Qualifying Termination

  • Qualifying Termination If the Executive is subject to a Qualifying Termination, then, subject to Sections 4, 9, and 10 below, Executive will be entitled to the following benefits:

  • Qualifying Termination of Employment A “Qualifying Termination of Employment” shall mean a termination of Executive’s employment during the Protected Period either (a) by the Company other than for Cause or (b) by Executive for a Good Reason. A termination of employment due to the Executive’s death or Disability during the Protected Period shall not constitute a Qualifying Termination of Employment.

  • Compensation Following Termination of Employment In the event that Executive's employment hereunder is terminated, Executive shall be entitled to the following compensation and benefits upon such termination:

  • Compensation Following Termination In the event that Executive’s employment hereunder is terminated, Executive shall be entitled only to the following compensation and benefits upon such termination:

  • Employee Termination Regular employees other than those serving a probationary period, shall give twenty-eight (28) calendar days written notice of termination to a representative designated by the Employer with the authority to accept such written notice.