Cause or By Executive Without Good Reason Clause Samples
The "Cause or By Executive Without Good Reason" clause defines the circumstances under which an executive's employment may be terminated either for cause by the employer or voluntarily by the executive without a qualifying reason. Typically, this clause outlines what constitutes "cause"—such as misconduct, violation of company policy, or failure to perform duties—and clarifies that if the executive resigns without a specified "good reason," certain benefits or severance may not be provided. Its core function is to delineate the rights and obligations of both parties in the event of termination, ensuring that the employer can act in cases of serious issues while also setting clear expectations for the executive regarding the consequences of resignation without justification.
Cause or By Executive Without Good Reason. If Executive's employment is terminated by the Company for Cause or by Executive (other than for Good Reason):
(i) the Company shall pay Executive his Base Salary and, to the extent required by law or the Company's vacation policy, his accrued vacation pay through the Date of Termination, as soon as practicable following the Date of Termination; and
(ii) the Company shall reimburse Executive pursuant to Section 5(d) for reasonable expenses incurred, but not paid prior to such termination of employment, unless such termination resulted from a misappropriation of Company funds; and
(iii) Executive shall be entitled to any other rights, compensation and/or benefits as may be due to Executive in accordance with the terms and provisions of any agreements, plans or programs of the Company.
Cause or By Executive Without Good Reason. If Executive's employment is terminated by the Company for Cause or by Executive (other than for Good Reason):
(i) the Company shall pay Executive his Base Salary, Bonus and his accrued vacation pay through the Date of Termination, as soon as practicable following the Date of Termination; and
(ii) the Company shall reimburse Executive pursuant to Section 5 for reasonable expenses incurred, but not paid prior to such termination of employment; and
(iii) Executive shall be entitled to any other rights, compensation and/or benefits as may be due to Executive in accordance with the terms and provisions of any agreements, plans or programs of the Company.
Cause or By Executive Without Good Reason. If the Company terminates the Executive’s employment for Cause or by the Executive other than for Good Reason, then the Company shall provide the Executive with his then-current monthly Base Salary through and including the Date of Termination and shall have no further obligation to the Executive hereunder.
Cause or By Executive Without Good Reason. If the Executive's employment is terminated by the Company for Cause or by the Executive other than for Good Reason, then the Company shall provide the Executive with his Accrued Obligations on or before the Date of Termination; and the Executive shall retain the rights to exercise any and/or all vested options to purchase the Company's common stock until the tenth anniversary of the Date of Termination. The Company shall have no further obligation to the Executive hereunder,
Cause or By Executive Without Good Reason. If the Executive's employment with the Company is terminated for Cause or by the Executive without Good Reason, the Company shall within 30 calendar days of the Date of Termination pay the Executive all amounts accrued and due to the Executive under Sections 5(a), 5(d), 5(e), 5(f), 5(g), 5(h) and 5(j) through his Date of Termination and the Company shall have no further obligations hereunder."
Cause or By Executive Without Good Reason. If Executive's employment is terminated by the Company for Cause or by Executive (other than for Good Reason):
(i) the Company shall pay Executive her Accrued Benefits; and
(ii) the Company shall reimburse Executive pursuant to Section 5 for reasonable expenses incurred, but not paid prior to such termination of employment; and
(iii) Executive shall be entitled to any other rights, compensation and/or benefits as may be due to Executive in accordance with the terms and provisions of any agreements, plans or programs of the Company.
Cause or By Executive Without Good Reason. If Micro's consultancy is terminated by the Company for Cause or by Micro other than for Good Reason, then the Company shall provide Micro with all Accrued Obligations including all stock options and shall have no further obligation to Micro hereunder.
Cause or By Executive Without Good Reason. If Executive's employment is terminated by the Company for Cause or by Executive (other than for Good Reason):
(i) the Company shall pay Executive his Base Salary and, to the extent required by law or the Company's vacation policy, his accrued vacation pay through the Date of Termination, as soon as practicable following the Date of Termination;
(ii) the Company shall pay any deferred compensation payable in accordance with the terms of the Deferred Compensation Agreement, the Convertible Units Agreement or the 2002 Units Agreement;
(iii) the Company shall reimburse Executive pursuant to Section 5(h) for reasonable expenses incurred, but not paid prior to such termination of employment, unless such termination resulted from a misappropriation of Company funds; and
(iv) Executive shall be entitled to any other rights, compensation and/or benefits as may be due to Executive in accordance with the terms and provisions of any agreements, plans or programs of the Company.
Cause or By Executive Without Good Reason. If Executive’s employment is terminated by CWMJV for Cause or by Executive (other than for Good Reason):
(i) CWMJV shall pay Executive his Base Salary and, to the extent required by law or CWMJV’s policies rgarding paid time off in effect as of the Date of Termination, payment for unused vacation time, as soon as practicable following the Date of Termination; and
(ii) CWMJV shall reimburse Executive pursuant to Section 6(d) for reasonable expenses incurred, but not paid prior to such termination of employment, unless such termination resulted from a misappropriation of funds; and
(iii) Executive shall be entitled to any other rights, compensation and/or benefits as may be due to Executive in accordance with the terms and provisions of any agreements, plans or programs of CWMJV.
Cause or By Executive Without Good Reason. If Jupiter's consultancy is terminated by the Company for Cause or by Jupiter other than for Good Reason, then the Company shall provide Jupiter with all Accrued Obligations including all stock options and shall have no further obligation to Jupiter hereunder.