Common use of Termination Without Cause; Termination for Good Reason Clause in Contracts

Termination Without Cause; Termination for Good Reason. In the event (i) Executive terminates his employment with the Company for Good Reason (as defined herein) or (ii) Executive is terminated by the Company without Cause (as defined herein), Executive shall be entitled to receive the following severance benefits if Executive executes the Release Agreement within the applicable time period set forth therein, but in no event later than forty-five (45) days following the date of termination (such latest permitted date is the “Release Agreement Deadline”), and permits the Release Agreement to become effective in accordance with its terms:

Appears in 6 contracts

Sources: Employment Agreement (Luna Innovations Inc), Employment Agreement (Luna Innovations Inc), Employment Agreement (Luna Innovations Inc)

Termination Without Cause; Termination for Good Reason. In the event (i) Executive terminates his or her employment with the Company for Good Reason (as defined herein) or (ii) Executive is terminated by the Company without Cause (as defined herein), Executive shall be entitled to receive the following severance benefits if Executive executes a general release with language acceptable to the Release Agreement within Company on or before the applicable time period set forth therein, but in no event later than forty-five (45) days following the effective date of termination termination, the standard form of which is attached hereto as Exhibit A (such latest permitted date is the “Release Agreement DeadlineAgreement), and permits the Release Agreement to become effective in accordance with its terms:):

Appears in 6 contracts

Sources: Employment Agreement (Luna Innovations Inc), Employment Agreement (Luna Innovations Inc), Employment Agreement (Luna Innovations Inc)

Termination Without Cause; Termination for Good Reason. In the event (i) Executive terminates his or her employment with the Company for Good Reason (as defined herein) or (ii) Executive is terminated by the Company without Cause (as defined herein), Executive shall be entitled to receive the following severance benefits if Executive executes a general release with language acceptable to the Release Agreement within Company on or before the applicable time period set forth therein, but in no event later than forty-five (45) days following the effective date of termination (such latest permitted date termination, the standard form of which is the “Release Agreement Deadline”), and permits the Release Agreement to become effective in accordance with its termsattached hereto as Exhibit A:

Appears in 6 contracts

Sources: Employment Agreement (Luna Innovations Inc), Employment Agreement (Luna Innovations Inc), Employment Agreement (Luna Innovations Inc)

Termination Without Cause; Termination for Good Reason. In During the Employment Term, in the event that either (i) Executive terminates his employment with the Company for Good Reason (as defined herein) Reason; or (ii) Executive is terminated by the Company without Cause (as defined herein)Cause, and Executive signs and does not revoke a release of claims in the reasonable form provided to Executive by the Company, then, subject to Executive’s compliance with Section 4 below, Executive shall be entitled to receive the following severance benefits if Executive executes the Release Agreement within the applicable time period set forth therein, but in no event later than forty-five (45) days following the date of termination (such latest permitted date is the “Release Agreement Deadline”), and permits the Release Agreement to become effective in accordance with its termsbenefits:

Appears in 1 contract

Sources: Employment Agreement (Pharmagen, Inc.)