Termination for Cause or Other Than for Good Reason Clause Samples
The 'Termination for Cause or Other Than for Good Reason' clause defines the circumstances under which an employer can end an employee's contract due to specific misconduct or unsatisfactory performance, or when the employee resigns without a qualifying reason. Typically, this clause outlines what constitutes 'cause'—such as violation of company policy or illegal activity—and clarifies that resignations not meeting the criteria for 'good reason' do not entitle the employee to certain benefits. Its core function is to protect the employer from having to provide severance or other post-termination benefits in situations where the employee is at fault or leaves voluntarily without justification.
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.
Termination for Cause or Other Than for Good Reason. If the Employee’s employment shall be terminated by the Employer for Cause as defined in the Employment Agreement or by the Employee for other than Good Reason during the Employment Period, this Agreement shall terminate without further obligation to the Employee other than the obligation to pay to the Employee his Annual Base Salary through the Date of Termination plus the amount of any compensation previously deferred by the Employee (as such deferred compensation becomes payable under the deferral plan), in each case to the extent theretofore unpaid.
Termination for Cause or Other Than for Good Reason. If the Employee’s employment is terminated by the Company for Cause during the Employment Period, or if the Employee terminates his employment during the Employment Period other than for Good Reason, the Company shall pay Employee the Accrued Obligations.
Termination for Cause or Other Than for Good Reason. If during the Employment Period 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 (a) the Annual Base Salary through the Date of Termination, (b) the amount of any compensation previously deferred by the Executive in accordance with the terms of the Company’s deferred compensation program, and (c) any accrued vacation pay that would be payable under the Company’s standard policy, in each case to the extent theretofore unpaid.
Termination for Cause or Other Than for Good Reason. If during the Change of Control Period 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 amounts in Section 8.1(a)(i) and (v).
Termination for Cause or Other Than for Good Reason. If during the Term Executive’s employment is terminated by the Company for Cause or by Executive for other than Good Reason, this Agreement shall terminate without further obligation on the part of the Company to Executive, other than the Company’s obligation to pay (as provided in Section 7.8(a)) Executive the following accrued obligations (the “Accrued Obligations”):
(a) Executive’s then current annual base salary through the Termination Date;
(b) any Annual Performance Bonus to which Executive is entitled pursuant to Section 5.5(b) (i.e., a bonus paid for a Fiscal Year ending during the Change in Control Period if Executive was employed by the Company or a Successor Company on the last day of such Fiscal Year);
(c) any compensation previously deferred by Executive (together with accrued interest or earnings thereon, if any); and
(d) any accrued vacation pay that would be payable under the Company’s standard policy; in each case, to the extent not theretofore paid.
Termination for Cause or Other Than for Good Reason. If the Executive's employment shall be terminated for Cause during the Term, this Agreement shall terminate without further obligations to the Executive other than the obligation to pay to the Executive Annual Base Salary through the Date of Termination plus the amount of any compensation previously deferred by the Executive and any accrued vacation pay, in each case to the extent theretofore unpaid. If the Executive terminates employment during the Term, excluding a termination for Good Reason, this Agreement shall terminate without further obligations to the Executive, other than for payment of Accrued Obligations and the timely payment or provision of any and all Other Benefits. In such case, all Accrued Obligations shall be paid to the Executive in a lump sum in cash within 30 days of the Date of Termination.
Termination for Cause or Other Than for Good Reason. Following a Change in Control of the Company, if the Executive's employment is terminated either: (a) by the Company for Cause; or (b) by the Executive (other than for Good Reason, or under circumstances giving rise to a Qualifying Termination described in Section 3.2(c) herein), the Company will pay the Executive an amount equal to the Executive’s Base Salary and accrued vacation through the Effective Date of Termination, at the rate then in effect, plus all other amounts to which the Executive is entitled under any plans of the Company, at the time such payments are due and the Company will have no further obligations to the Executive under this Agreement. If the Executive’s employment is terminated for Cause or Other Than for Good Reason, the Executive is not entitled to the Severance Benefits described in Section 3.3.
Termination for Cause or Other Than for Good Reason. If the Executive's employment is terminated following a Change in Control, or prior to a Change in Control as described in Section 3.2(a) either: (a) by the Company for cause; or (b) by the Executive (other than for Good Reason, or under circumstances giving rise to a Qualifying Termination described in Section 3.2(c) herein), the Company shall pay the Executive his full base salary and accrued vacation through the Effective Date of Termination, plus all other amounts to which the Executive is entitled under any compensation and benefit plans of the Company, at the time such payments are due, and the Company shall have no further obligations to the Executive under this Agreement.
Termination for Cause or Other Than for Good Reason. If during the Employment Period the Employee's employment shall be terminated by the Company for Cause or by the Employee for other than Good Reason, this Agreement shall terminate without further obligation on the part of the Company to the Employee, other than the Company's obligation to pay the Employee (a) his Annual Base Salary through the Date of Termination, (b) the amount of any compensation previously deferred by the Employee, and (c) any accrued vacation pay which would be payable under the Company's standard policy, in each case to the extent theretofore unpaid.