Termination Without Cause; Termination for Good Reason. If the ------------------------------------------------------- Company shall terminate the Executive's employment, other than for Cause, or the Executive shall terminate his employment for Good Reason, then; (i) the Company shall pay to the executive, within ten (10) days after the Date of Termination, the Accrued Obligations; and (ii) the Company shall pay the Executive a Severance Benefit as defined hereunder.
Appears in 3 contracts
Sources: Employment Agreement (Idt Corp), Employment Agreement (Idt Corp), Employment Agreement (Idt Corp)
Termination Without Cause; Termination for Good Reason. If the ------------------------------------------------------- Company shall terminate the Executive's ’s employment, other than for Cause, or the Executive shall terminate his employment for Good Reason, then;
(i) the Company shall pay to the executiveExecutive, within ten (10) days after the Date of Termination, the Accrued Obligations;
(ii) all Compensation Shares shall accelerate and Vest as of the Date of Termination; and
(iiiii) the Company shall pay the Executive a the Severance Benefit as defined hereunderBenefit.
Appears in 2 contracts
Sources: Employment Agreement (Idt Corp), Employment Agreement (Idt Corp)
Termination Without Cause; Termination for Good Reason. If (i) the ------------------------------------------------------- Company shall terminate the Executive's employment, other than for Disability or for Cause, or (ii) the Executive shall terminate his employment for Good Reason, then;:
(i1) the Company shall pay to the executiveExecutive, within ten (10) days after the Date of Termination, the Accrued Obligations; and
(ii2) the Company shall pay to the Executive Executive, within ten (10) days after the Date of Termination, a Severance Benefit lump sum amount in cash equal to two (2) multiplied by the Executive's Base Salary as defined hereunderin effect immediately prior to the circumstances giving rise to the Notice of Termination.
Appears in 2 contracts
Sources: Employment Agreement (Idt Corp), Employment Agreement (Idt Corp)
Termination Without Cause; Termination for Good Reason. If the ------------------------------------------------------- Company shall terminate the Executive's ’s employment, other than for Cause, or the Executive shall terminate his employment for Good Reason, then;
(i) the Company shall pay to the executiveExecutive, within ten (10) days after the Date of Termination, the Accrued Obligations;
(ii) all Equity Grants shall accelerate and Vest as of the Date of Termination; and
(iiiii) the Company shall pay the Executive a the Severance Benefit as defined hereunderBenefit.
Appears in 1 contract
Sources: Employment Agreement (Idt Corp)
Termination Without Cause; Termination for Good Reason. If the ------------------------------------------------------- Company shall terminate the Executive's ’s employment, other than for Cause, or the Executive shall terminate his employment for Good Reason, then;
(i) the Company shall pay to the executive, within ten (10) days after the Date of Termination, the Accrued Obligations; and
(ii) the Company shall pay the Executive a Severance Benefit as defined hereunder.
▇. ▇▇▇▇▇▇▇▇▇ Benefit means the sum of (i) Executive’s minimum Base Salary for the remainder of the Term, but in no event less than twelve (12) months.
Appears in 1 contract
Sources: Employment Agreement (Idt Corp)
Termination Without Cause; Termination for Good Reason. If the ------------------------------------------------------- Company shall terminate the Executive's ’s employment, other than for Cause, or the Executive shall terminate his employment for Good Reason, then;
(i) the Company shall pay to the executiveExecutive, within ten (10) days after the Date of Termination, the Accrued Obligations; and
(ii) the Company shall pay the Executive a the Severance Benefit as defined hereunderBenefit.
Appears in 1 contract
Termination Without Cause; Termination for Good Reason. If the ------------------------------------------------------- Company shall terminate the Executive's ’s employment, other than for Cause, or the Executive shall terminate his employment for Good Reason, then;
(i) the Company shall pay to the executiveExecutive, within ten (10) days after the Date of Termination, the Accrued Obligations;
(ii) all Equity Grants shall accelerate and vest as of the Date of Termination; and
(iiiii) the Company shall pay the Executive a the Severance Benefit as defined hereunderwithin sixty (60) days of the Date of Termination.
Appears in 1 contract
Termination Without Cause; Termination for Good Reason. If the ------------------------------------------------------- Company shall terminate the Executive's ’s employment, other than for Cause, or the Executive shall terminate his employment for Good Reason, then;
(i) the Company shall pay to the executiveExecutive, within ten (10) days after the Date of Termination, the Accrued Obligations;
(ii) all Restrictions on all Purchased Shares shall lapse and all Equity Grants shall accelerate and vest as of the Date of Termination; and
(iiiii) the Company shall pay the Executive a the Severance Benefit as defined hereunderwithin sixty (60) days of the Date of Termination.
Appears in 1 contract
Termination Without Cause; Termination for Good Reason. If the ------------------------------------------------------- Company shall terminate the Executive's ’s employment, other than for Cause, or the Executive shall terminate his employment for Good Reason, then;
(i) the Company shall pay to the executiveExecutive, within ten (10) days after the Date of Termination, the Accrued Obligations;
(ii) all Restrictions on all Purchased Shares shall lapse and all Equity Grants shall accelerate and vest as of the Date of Termination; and
(iiiii) the Company shall pay the Executive a the Severance Benefit as defined hereunder.within sixty (60) days of the Date of Termination. EXECUTION COPY
Appears in 1 contract
Termination Without Cause; Termination for Good Reason. If the ------------------------------------------------------- Company shall terminate the Executive's employment, other than for Cause, or the Executive shall terminate his employment for Good Reason, then;
(i) the Company shall pay to the executiveExecutive, within ten (10) days after the Date of Termination, the Accrued Obligations; and
(ii) the Company shall pay the Executive a Severance Benefit as defined hereunder.
Appears in 1 contract
Sources: Employment Agreement (Idt Corp)