Common use of Termination for any Reason other than Cause Clause in Contracts

Termination for any Reason other than Cause. The Company shall have the right to terminate your employment at any time other than for Cause. In the event of that type of termination occurring after the second anniversary of the Effective Date, you shall be entitled to receive continued base salary at the rate you were receiving base salary when you were terminated for a number of weeks (or fractions thereof) equivalent to the number of years (or fractions thereof) during which you were employed on a full-time basis by the Company, including service at Conductor prior to the Effective Date and service at the Company after the Effective Date. You will also receive any unpaid bonus, provided that the conditions for the payment of the bonus have been fully met. The Company will also maintain all of your benefits through the last day of the calendar month in which termination of your employment occurred. You will also be paid, credited or reimbursed, as the case may be, for all unpaid salary (including credit for any vacation earned but not taken), expenses, benefits and other amounts payable to you or earned by you up to the termination date. The entitlements described in this paragraph are in lieu of any severance or similar entitlements conferred, from time to time, by Conductor's severance policies that applied or apply from time to time to other employees. If any part of this paragraph conflicts with section 5.2, section 5.2 shall govern.

Appears in 1 contract

Sources: Employment Agreement (Comshare Inc)

Termination for any Reason other than Cause. The Company shall have the right to terminate your employment at any time other than for Cause. In the event of that type of termination occurring after the second anniversary of the Effective Date, you shall be entitled to receive continued base salary at the rate you were receiving base salary when you were terminated for a number of weeks (or fractions thereof) equivalent to the number of years (or fractions thereof) during which you were employed on a full-time basis by the Company, including service at Conductor prior to the Effective Date and service at the Company after the Effective Date. You will also receive any unpaid bonus, provided that the conditions for the payment of the bonus have been fully met. The Company will also maintain all of your benefits through the last day of the calendar month in which termination of your employment occurred. You will also be paid, credited or reimbursed, as the case may be, for all unpaid salary (including credit for any vacation earned but not taken), expenses, benefits and other amounts payable to you or earned by you up to the termination date. The entitlements described in this paragraph are in lieu of any severance or similar entitlements conferred, from time to time, by Conductor's severance policies that applied or apply from time to time to other employees. If any part of this paragraph conflicts with section 5.2, section 5.2 shall govern.

Appears in 1 contract

Sources: Employment Agreement (Comshare Inc)