Termination for Cause or Voluntary Termination by Executive Sample Clauses
The 'Termination for Cause or Voluntary Termination by Executive' clause defines the conditions under which an employment relationship can be ended either by the employer for specific reasons (cause) or by the executive's own choice. Typically, 'cause' may include serious misconduct, violation of company policy, or failure to perform duties, while voluntary termination allows the executive to resign, often with required notice. This clause clarifies the rights and obligations of both parties in these scenarios, ensuring that both employer and executive understand the consequences and procedures for ending the employment relationship under these circumstances.
Termination for Cause or Voluntary Termination by Executive. If the Termination Event is termination by the Company for Cause pursuant to Section 5(c) or termination by Executive pursuant to Section 5(f), except for Base Salary through the day on which Executive’s employment was terminated and any accrued and unpaid vacation pay or other benefits which may be owing in accordance with the Company’s policies or applicable law, Executive shall not be entitled to receive severance or any other compensation or benefits after the last date of employment with the Company. If termination is for Cause, all of (i) the Incentive Equity that is unvested as of the date of termination and (ii) the Options that remain unexercised as of the date of termination, shall be forfeited for no consideration. If termination is by Executive pursuant to Section 5(f), (i) all of the Incentive Equity that is unvested as of the date of termination shall be forfeited for no consideration and (ii) Executive shall have one (1) year following the date of termination to exercise any vested Options.
Termination for Cause or Voluntary Termination by Executive. In the event that Executive is terminated For Cause (as defined below) or if Executive voluntarily terminates his employment and is not Constructively Discharged (as defined below), StarMedia shall pay Executive all compensation due and owing through the last day actually worked and thereafter all of StarMedia's obligations under this Agreement shall cease.
Termination for Cause or Voluntary Termination by Executive. If the Termination Event is termination by the Company for Cause pursuant to Section 6(c) or termination by Executive pursuant to Section 6(f), except for any Accrued Obligations, Executive shall not be entitled to receive severance or any other compensation or benefits after the last date of employment with the Company. If the termination is a Voluntary Termination by Executive, all of the Incentive Equity that is unvested as of the date of termination shall be forfeited for no consideration and Executive shall have the lesser of (i) one (1) year following the date of termination or (ii) the remaining term (as set forth in the applicable grant notice) to exercise any vested stock options. If the termination is for Cause, all of the Incentive Equity that is unvested as of the date of termination shall be forfeited for no consideration and, in the Company’s sole discretion, Executive may be granted the lesser of (i) one (1) year following the date of termination or (ii) the remaining term (as set forth in the applicable grant notice) to exercise any vested stock options.
Termination for Cause or Voluntary Termination by Executive. If the Termination Event is termination by the Company for Cause pursuant to Section 5(c) or termination by Executive pursuant to Section 5(f), except for Base Salary payable through the day on which Executive’s employment was terminated and any accrued and unpaid vacation pay, unreimbursed expenses, or other benefits which may be owing in accordance with the Company’s policies or applicable law, Executive shall not be entitled to receive severance or any other compensation or benefits after the last date of employment with the Company.
Termination for Cause or Voluntary Termination by Executive. If the Executive’s employment is terminated: (x) by the Company for Cause, or (y) by the Executive other than by reason of death, Disability or resignation for Good Reason, then the Company shall pay to the Executive the Accrued Benefits.
Termination for Cause or Voluntary Termination by Executive. If the Company shall terminate Executive's employment for Cause or if Executive shall voluntarily terminate his employment with the Company for other than Good Reason, he shall be paid his full base salary and benefits through the Date of Termination at the annual base rate in effect immediately prior to the Date of Termination.
Termination for Cause or Voluntary Termination by Executive. If the ▇▇▇▇▇▇ CEO or Board shall terminate Executive’s employment for Cause or if Executive shall voluntarily terminate his employment with the Company for other than Good Reason, he shall be paid only his full base salary through the Date of Termination at the annual base rate in effect immediately prior to the Date of Termination and Executive shall not be paid any incentive compensation cash bonus for the portion of the calendar year preceding Executive’s Date of Termination, nor shall he receive any other compensation or benefits beyond the Date of Termination.
Termination for Cause or Voluntary Termination by Executive. In the event that Executive is terminated For Cause (as defined below) or if Executive voluntarily terminates his employment and is not Constructively Discharged (as defined below) or if Executive's employment terminates as the result of a Company Sale, Company shall pay Executive all compensation due and owing through the last day actually worked and thereafter all of Company's obligations under this Agreement shall cease, except for the Company's obligations under Sections 2.4 and 2.8 of this Agreement.
Termination for Cause or Voluntary Termination by Executive. The parties agree that the following clause in Paragraph 6(f)(iii) will be deleted in its entirety: "and Executive shall not be paid any incentive compensation cash bonus for the portion of the calendar year preceding Executive's Date of Termination".
Termination for Cause or Voluntary Termination by Executive. Prior to the end of the Retention Term, if Executive’s employment with Company is terminated by Company for Cause, or by Executive for any reason, Company shall have no further obligation to Executive and Executive shall not be entitled to any of the compensation or benefits set forth in Section 2.B; provided that if the basis for termination for Cause is under clause (i) or (iii) of the definition of Cause in Section 1, Executive shall not be deemed to have been terminated for Cause unless and until there shall have been delivered to him a written notice that he has engaged in the conduct described in such clause (i) or (iii) and specifying the particulars thereof in detail, and Executive shall not have cured such conduct to the reasonable satisfaction of ▇▇▇▇▇ ▇. ▇▇▇▇▇, Company’s Chief Executive Officer, within thirty (30) days after receipt of such notice.