Effect of Termination Without Cause. If Employee's employment is terminated "Without Cause": (a) Employee shall be entitled to the greater of (i) an amount equal to the annual base salary for the remainder of the term, or (ii) one year's base salary. (b) Employee shall be entitled to reimbursement for expenses accrued through the date of termination in accordance with the provisions of Section 4.1 hereof. (c) Employee shall be entitled to receive all amounts of additional bonuses under Section 3.2 hereof through the expiration of the Term hereof, which amounts shall be paid upon termination. (d) Employee shall be entitled to receive all benefits as would have been awarded under Section 3.7 hereof through the expiration of the Term hereof, which benefits shall be awarded as and when the same would have been awarded under the Agreement had it not been terminated. (e) All unvested Option Shares granted to Employee shall immediately vest in full. (f) Except as provided in Article XI, this Agreement shall thereupon terminate and cease to be of any further force or effect.
Appears in 2 contracts
Sources: Employment Agreement (Helpmate Robotics Inc), Employment Agreement (Helpmate Robotics Inc)
Effect of Termination Without Cause. If Employee's employment is terminated "Without Cause":
(a) Employee shall be entitled to the greater of (i) an amount equal to the annual accrued base salary for under Section 3.1 hereof through the remainder date of the term, or (ii) one year's base salarytermination.
(b) Employee shall be entitled to receive all benefits as would have been awarded under Section 3.4 hereof through the date of termination, which benefits shall be awarded as and when the same would have been awarded under the Agreement had it not been terminated.
(c) Employee shall be entitled to reimbursement for expenses accrued through the date of termination in accordance with the provisions of Section 4.1 hereof.
(cd) Employee shall be entitled to receive all amounts of additional bonuses incentive compensation as would have been payable under Section 3.2 hereof through the expiration original term of the Term hereofAgreement, which amounts shall be paid upon termination.
(d) Employee shall be entitled to receive all benefits as would have been awarded under Section 3.7 hereof through the expiration of the Term hereof, which benefits shall be awarded as and when the same would have been awarded paid under the Agreement had it not been terminated.
(e) All unvested Option Shares granted to Employee under Section 3.3 hereof shall immediately vest in full.
(f) Except as provided in Article XI, this Agreement shall thereupon terminate and cease to be of any further force or effect.
Appears in 2 contracts
Sources: Employment Agreement (Medical Industries of America Inc), Employment Agreement (Medical Industries of America Inc)
Effect of Termination Without Cause. If EmployeePhysician's employment is terminated "Without Cause":
(a) Employee Physician shall be entitled to the greater of (i) an amount equal to the annual accrued base salary for under Section 3.1 hereof through the remainder date of the term, or (ii) one year's base salarytermination.
(b) Employee shall be entitled to reimbursement for expenses accrued through the date of termination in accordance with the provisions of Section 4.1 hereof.
(c) Employee shall be entitled to receive all amounts of additional bonuses under Section 3.2 hereof through the expiration of the Term hereof, which amounts shall be paid upon termination.
(d) Employee Physician shall be entitled to receive all benefits as would have been awarded under Section 3.7 3.4 hereof through the expiration date of the Term hereoftermination, which benefits shall be awarded as and when the same would have been awarded under the Agreement had it not been terminated.
(c) Physician shall be entitled to reimbursement for expenses accrued through the date of termination in accordance with the provisions of Sections 3.5 and 4.1 hereof.
(d) Physician shall be entitled to receive all amounts of incentive compensation as would have been payable under Section 3.2 hereof through the original Term of this Agreement, which amounts shall be paid as and when the same would have been paid under the Agreement had it not been terminated.
(e) All unvested Option Shares granted to Employee stock options, if any, under Section 3.3 hereof shall immediately vest in full.
(f) Physician shall be entitled to a lump sum severance payment in an amount equal to one hundred twenty thousand dollars ($120,000.00).
(g) Except as provided in Article XIX, this Agreement shall thereupon terminate and cease to be of any further force or effect.
Appears in 2 contracts
Sources: Employment Agreement (Medical Industries of America Inc), Employment Agreement (Backgenesis Inc)
Effect of Termination Without Cause. If Employee's employment is terminated "Without Cause":
(a) Employee shall be entitled to the greater of (i) an amount equal to the annual six (6) month's base salary for the remainder of the termsalary, or (ii) one year's the base salarysalary for the remaining Term of this Agreement, if less than six (6) months.
(b) Employee shall be entitled to reimbursement for expenses accrued through the date of termination in accordance with the provisions of Section 4.1 hereof.
(c) Employee shall be entitled to receive all amounts of additional bonuses under Section 3.2 hereof through the expiration of the Term hereof, which amounts shall be paid upon termination.
(d) Employee shall be entitled to receive all benefits as would have been awarded under Section 3.7 3.4 hereof through the expiration of the Term hereof, which benefits shall be awarded as and when the same would have been awarded under the Agreement had it not been terminated.
(e) All unvested Option Shares actually granted to Employee by the Company under Section 3.3 hereof shall immediately vest in fullfull but shall remain subject to all other provisions of the Company's Year 2000 Stock Option Plan.
(f) Except as provided in Article XI, this Agreement shall thereupon terminate and cease to be of any further force or effect.
Appears in 2 contracts
Sources: Termination and Settlement Agreement (Compass Knowledge Holdings Inc), Employment Agreement (Compass Knowledge Holdings Inc)
Effect of Termination Without Cause. If Employee's employment is terminated "Without Cause":
(a) Employee shall be entitled to the greater of (i) an amount equal to the annual base salary for the remainder of the term, or (ii) one year's base salary.
(b) Employee shall be entitled to reimbursement for expenses accrued through the date of termination in accordance with the provisions of Section 4.1 hereof.
(c) Employee shall be entitled to receive all amounts of additional bonuses under Section 3.2 hereof through the expiration of the Term hereof, which amounts shall be paid upon termination.
(d) Employee shall be entitled to receive all benefits as would have been awarded under Section 3.7 hereof through the expiration of the Term hereof, which benefits shall be awarded as and when the same would have been awarded under the Agreement had it not been terminated.
(e) All unvested Option Shares granted to Employee under Section 3.3 hereof shall immediately vest in full.
(f) Except as provided in Article XI, this Agreement shall thereupon terminate and cease to be of any further force or effect.
Appears in 1 contract
Sources: Employment Agreement (Compass Knowledge Holdings Inc)
Effect of Termination Without Cause. If Employee's employment is terminated "Without CauseCause ":
(a) Employee shall be entitled to the greater of (i) an amount equal to the annual accrued base salary for under Section 3.1 hereof through the remainder date of the term, or (ii) one year's base salarytermination.
(b) Employee shall be entitled to receive all benefits as would have been awarded under Section 3.5 hereof through the date of termination, which benefits shall be awarded as and when the same would have been awarded under the Agreement had it not been terminated.
(c) Employee shall be entitled to reimbursement for expenses accrued through the date of termination in accordance with the provisions of Section 4.1 hereof.
(cd) Employee sha1l be entitled to a lump sum severance payment in an amount equal to one hundred twenty five thousand dollars ($125,000.00).
(e) Employee shall be entitled to receive all an amounts of additional bonuses incentive compensation as would have been payable under Section 3.2 hereof through the expiration original term of the Term hereofAgreement, which amounts shall be paid upon termination.
(d) Employee shall be entitled to receive all benefits as would have been awarded under Section 3.7 hereof through the expiration of the Term hereof, which benefits shall be awarded as and when the same would have been awarded paid under the Agreement had it not been terminated.
(ef) All unvested Option Shares granted to Employee under Section 3.3 hereof shall immediately vest in full.
(fg) Except as provided in Article XIX, this Agreement shall thereupon terminate and cease to be of any further force or effect.
Appears in 1 contract