Resignation for Other than Good Reason Clause Samples

POPULAR SAMPLE Copied 1 times
Resignation for Other than Good Reason. Executive may voluntarily terminate his employment with the Company during the Term for any reason upon at least thirty (30) days prior written notice, which specifies the effective date of termination. Until the effective date of such termination, the Company shall continue to pay him the full compensation specified in this Agreement, including the benefits provided at paragraph 3(d), provided he continues to perform his duties during this period. Thereafter, the Company shall have no further obligations to him under this Agreement. This subparagraph 8(e) shall not apply to Executive’s resignation for Good Reason pursuant to paragraph 9 hereof.
View SourceView Similar (13)
Resignation for Other than Good Reason. The Executive may resign from the Executive’s employment with the Bank at any time during the Term of this Agreement for any reason other than Good Reason upon sixty (60) days prior written notice. Except as required by law, upon resignation by the Executive pursuant to this Section 11, the Executive shall not be entitled to any additional compensation for the time after which she ceases to be employed by the Bank, and shall not be entitled to any of the other benefits provided hereunder.
View SourceView Similar (3)
Resignation for Other than Good Reason. In the event I terminate -------------------------------------- my employment voluntarily, I will (1) give the Company at least 30 days' advance written notice, and (2) be entitled to any accrued, but unpaid base salary and any other unpaid amounts due me through the date of my resignation under Company compensation or benefit programs.
View SourceView Similar (3)
Resignation for Other than Good Reason. The Executive’s employment by the Company shall be at will. The Executive shall have the right to resign and terminate the Executive’s employment at any time and for any reason, or no reason. Any such termination of employment shall have the consequences specified below.
View SourceView Similar (2)
Resignation for Other than Good Reason. Employee may resign from his employment hereunder at any time upon ninety (90) days' prior written notice; provided. however that at any time after the giving of such notice the Company may elect to terminate Employee on an earlier date, in which event the Company shall have no obligation to make any payments hereunder other than its obligation to pay accrued but unpaid Annual Salary and vacation time as of the Date of Termination.
View SourceView Similar (2)
Resignation for Other than Good Reason. In the event that the Executive resigns for other than Good Reason as defined above in subsection (d), Executive will be entitled only to payment of any earned but unpaid compensation (Base Salary and accrued but unpaid vacation) through the Termination date. The Company will have no further obligation to pay any compensation of any kind (including without limitation any bonus or portion of a bonus that otherwise may have become due and payable to Executive with respect to the year in which such Termination date occurs), or severance payment of any kind.
View SourceView Similar (2)
Resignation for Other than Good Reason. Executive may voluntarily terminate [his/her] employment with the Company during the Term for any reason upon at least thirty (30) days prior written notice, which specifies the effective date of termination. The foregoing notwithstanding, the Company may waive all or a portion of such thirty (30) day notice period in which event the effective date of Executive’s termination shall be such earlier date specified by the Company. Until the effective date of such termination, the Company shall continue to pay [him/her] the full compensation specified in this Agreement, including the benefits provided at paragraph 3(d), provided [he/she] continues to perform [his/her] duties during this period. Thereafter, the Company shall have no further obligations to [him/her] under this Agreement. This subparagraph 8(e) shall not apply to Executive’s resignation for Good Reason pursuant to paragraph 9 hereof.
View Source
Resignation for Other than Good Reason. 5.6.1 If the Executive resigns his employment with the Company for other than Good Reason, this Agreement shall be deemed terminated without any further obligation of the Company to the Executive except as specifically provided by this Agreement. 5.6.2 The Executive agrees to give the Company thirty (30) days notice of his intention to resign for other than Good Reason during the first twelve (12) months of his employment and thereafter to give sixty (60) days notice of his intention to resign for other than Good Reason, specifically stating the date on which his resignation will be effective (a "Notice of Resignation"). If the Executive resigns for other than Good Reason but fails to give the required minimum notice, the Executive agrees (i) to repay to the Company all bonuses paid or awarded to him within the twelve (12) months immediately preceding the date on which the Executive provides the Company with a Notice of Resignation and (ii) that all unvested and vested but unexercised Options shall automatically be deemed cancelled. 5.6.3 At any time after the Executive provides a Notice of Resignation, the Company shall have the right to terminate the Executive's employment without Cause (the "Resignation/Termination Option") by providing the Executive with a written Notice of Termination and acknowledging its obligation to pay the Executive the Resignation/Termination Payments for the applicable period set forth in Section in 5.6.4 below. 5.6.4 If the Company exercises the Resignation/Termination Option, the Executive shall be entitled to receive his Base Salary through the effective date of his resignation contained in the Notice of Resignation. Except as set forth in this Section 5.6.4, the Executive shall not be entitled to any other amounts, benefits or payments if the Company exercises the Resignation/Termination Option.
View Source
Resignation for Other than Good Reason. In the event that the Executive resigns for other than Good Reason as defined above in subsection (d), above, (i) Executive will be entitled only to payment of any earned but unpaid compensation (Base Salary and accrued but unpaid vacation) through the termination date and (ii) the Company will have no further obligation to pay any compensation of any kind (including without limitation any bonus or portion of a bonus that otherwise may have become due and payable to Executive with respect to the year in which such termination date occurs), or severance payment of any kind; provided that the foregoing shall not affect the Company's obligations under Section 12 of this Agreement and that certain Indemnification Agreement dated the date hereof between the Company and Executive.
View Source

Related to Resignation for Other than Good Reason

  • Resignation for Good Reason The Executive may resign from the Executive’s employment for Good Reason.

  • Termination for Cause or Other Than for Good Reason If during the Term the Executive’s employment shall be terminated by the Company for Cause or by the Executive for other than Good Reason, this Agreement shall terminate without further obligation on the part of the Company to the Executive, other than the Company’s obligation to pay the Executive the Accrued Obligations to the extent theretofore unpaid.

  • Good Reason; Other Than for Cause If, during the Employment Period, the Company shall terminate the Executive’s employment other than for Cause or the Executive shall terminate employment for Good Reason (including, without limitation, a Permitted Executive Termination): (i) the Company shall pay to the Executive in a lump sum in cash within 30 days after the Date of Termination the aggregate of the following amounts: A. the sum of (1) the Executive’s Annual Base Salary through the Date of Termination to the extent not theretofore paid, (2) any accrued but unpaid Annual Bonus respecting any completed fiscal year ending prior to the Date of Termination, (3) the product of (x) the Average Annual Bonus and (y) a fraction, the numerator of which is the number of days in the current fiscal year through the Date of Termination, and the denominator of which is 365 and (4) any compensation previously deferred by the Executive (together with any accrued interest or earnings thereon) and any accrued vacation pay, in each case to the extent not theretofore paid (the sum of the amounts described in clauses (1), (2), (3) and (4) shall be hereinafter referred to as the “Accrued Obligations”). Anything contained herein to the contrary notwithstanding, the timing of payment by the Company of any deferred compensation shall remain subject to the terms and conditions of the applicable deferred compensation plan and any payment election previously made by the Executive; provided, however, that, if at the time of Termination, Executive is a “specified employee” within the meaning of Section 409A of the Internal Revenue Code, as amended, then payments shall not be made before the date which is six (6) months after the date of separation from service with the Company (or, if earlier, the date of the Executive’s death); and B. the amount equal to the product of (1) two (2), and (2) the sum of (x) the Executive’s Annual Base Salary and (y) the Highest Annual Bonus (as hereinafter defined); and (ii) for two (2) years after the Executive’s Date of Termination, or such longer period as may be provided by the terms of the appropriate plan, program, practice or policy, the Company shall continue benefits to the Executive and/or the Executive’s family at least equal to those which would have been provided to them in accordance with the plans, programs, practices and policies described in Section 4(b)(iv) of this Agreement if the Executive’s employment had not been terminated or, if more favorable to the Executive, as in effect generally at any time thereafter with respect to other peer executives of the Company and its affiliated companies and their families, provided, however, that if the Executive becomes reemployed with another employer and is eligible to receive medical or other welfare benefits under another employer provided plan, the medical and other welfare benefits described herein shall be secondary to those provided under such other plan during such applicable period of eligibility. For purposes of determining eligibility (but not the time of commencement of benefits) of the Executive for retiree benefits pursuant to such plans, practices, programs and policies, the Executive shall be considered to have remained employed until two (2) years after the Date of Termination and to have retired on the last day of such period; (iii) the Company shall, at its sole expense as incurred, provide the Executive with outplacement services in accordance with the Company’s policies with regard to outplacement then in effect; and (iv) to the extent not theretofore paid or provided, the Company shall timely pay or provide to the Executive any other amounts or benefits required to be paid or provided or which the Executive is eligible to receive under any plan, program, policy or practice or contract or agreement of the Company and its affiliated companies (such other amounts and benefits shall be hereinafter referred to as the “Other Benefits”).

  • Termination for Good Reason The Employee's employment may be terminated by the Employee for Good Reason. For purposes of this Agreement, "Good Reason" shall mean:

  • Termination Without Cause; Resignation for Good Reason (i) If, prior to the expiration of the Term, the Executive’s employment with the Company is terminated by the Company without Cause or if the Executive resigns from his employment hereunder for Good Reason, then, in addition to the Termination Amount and the payment of any unpaid earned Bonus for the year immediately preceding the year in which such termination or resignation occurs, the Executive shall be entitled to receive: (1) an amount equal to the sum of the following amounts (collectively, the “Severance Amount”): (A) an amount equal to the pro rata portion of the Bonus for the year in which the termination or resignation occurs, calculated by multiplying (x) the Minimum Target Bonus for the year of termination by (y) a fraction, the numerator of which is the number of days the Executive was employed during the year of such termination or resignation and the denominator of which is 365; plus (B) if at the time of such termination or resignation the Executive is not “retirement eligible” within the meaning of the Company’s Equity Plan Retirement Policy (or if the Executive is “retirement eligible” and such termination or resignation occurs after a Change on Control or within six months of a Change of Control as described below), an amount equal to the Applicable Multiple (as defined below) multiplied by the sum of: (i) the Base Salary in effect for the year of termination or resignation and (ii) the Minimum Target Bonus; and 5 (2) continuation of applicable medical, dental and life insurance benefits (based on the coverage in effect for the Executive and his dependents at the time of such termination or resignation, but excluding any supplemental medical expense reimbursement insurance provided by the Company Group), from the date of termination or resignation until the earlier to occur of (A) the Applicable Multiple of years from the date of termination or (B) the date the Executive becomes eligible for comparable benefits provided by a third party (in either case, the “Continuation Period”); provided, however, that the continuation of such benefits shall be subject to the respective terms of the applicable plan, as in effect from time to time, and the timely payment by the Executive of his applicable share of the applicable premiums in effect from time to time during the Continuation Period. To the extent that reimbursable medical and dental care expenses constitute deferred compensation for purposes of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), the Company shall reimburse the medical and dental care expenses as soon as practicable consistent with the Company’s practice, but in no event later than the last day of the calendar year next following the calendar year in which such expenses are incurred. Notwithstanding the foregoing, if at the time of such termination or resignation (a) the Executive is “retirement eligible” within the meaning of the Company’s Equity Plan Retirement Policy and (b) a Change of Control has not occurred (and a Change of Control does not occur within six month following such termination or resignation and it is not reasonably demonstrated that such termination of employment or Good Reason event was in contemplation of the Change in Control during such six month period), then the Executive shall not receive the amount specified under Section 6(c)(1)(B) above but shall instead be eligible to receive the entitlements provided under the Company’s Equity Plan Retirement Policy, subject to and in accordance with the terms and conditions of such policy.