Common use of Termination Without Good Cause Clause in Contracts

Termination Without Good Cause. If Executive's employment is terminated by the Company without Good Cause, the following provisions shall apply: (1) Executive shall be entitled to any unpaid compensation accrued through the last day of Executive's employment; (2) Executive shall be entitled to receive severance payments equal to his base compensation, payable on normal Company payroll dates, for a six (6) month period, subject to setoff for other employment or consulting income received by Executive.

Appears in 5 contracts

Sources: Employment Agreement (Discovery Laboratories Inc /De/), Employment Agreement (Discovery Laboratories Inc /De/), Employment Agreement (Discovery Laboratories Inc /De/)

Termination Without Good Cause. If Executive's employment is terminated by the Company without Good Cause, the following provisions shall apply: (1i) Executive shall be entitled to any unpaid compensation accrued through the last day of Executive's employment; (2ii) Executive shall be entitled to receive severance payments equal to his base compensation, payable on normal Company payroll dates, for a six (6) month period, subject to setoff for other employment or consulting income received by Executive.

Appears in 4 contracts

Sources: Employment Agreement (Discovery Laboratories Inc /De/), Employment Agreement (Discovery Laboratories Inc), Employment Agreement (Discovery Laboratories Inc /De/)

Termination Without Good Cause. If Executive's employment is terminated by the Company without Good Cause, the following provisions shall apply: (1i) Executive shall be entitled to any unpaid compensation accrued through the last day of Executive's employment; (2ii) Executive shall be entitled to receive severance payments equal to his base compensation, payable on normal Company payroll dates, for a six (6) ____ month period, subject to setoff for other employment or consulting income received by Executive.

Appears in 2 contracts

Sources: Merger Agreement (Discovery Laboratories Inc), Merger Agreement (Discovery Laboratories Inc /De/)

Termination Without Good Cause. If Executive's employment is terminated by the Company without Good Cause, the following provisions shall apply: (1) Executive shall be entitled to any unpaid compensation accrued through the last day of Executive's employment; (2) Executive shall be entitled to receive severance payments equal to his her base compensation, payable on normal Company payroll dates, for a six three (63) month period, subject to setoff for other employment or consulting income received by Executive.

Appears in 1 contract

Sources: Employment Agreement (Discovery Laboratories Inc /De/)

Termination Without Good Cause. If Executive's employment is terminated by the Company without Good CauseCause prior to the third anniversary of the Commencement Date, the following provisions shall apply: (1: i) Executive shall be entitled to any unpaid compensation accrued through the last day of Executive's employment; (2) Executive shall be entitled to receive severance payments equal to his base compensation, payable on normal Company payroll dates, for a six (6) month period, subject to setoff for other employment or consulting income received by Executive.

Appears in 1 contract

Sources: Employment Agreement (Exogen Inc)

Termination Without Good Cause. If Executive's employment is terminated by the Company without Good Cause, the following provisions shall apply: (1i) Executive shall be entitled to any unpaid compensation accrued through the last day of Executive's employment; (2ii) Executive shall be entitled to receive severance payments equal to his her base compensation, payable on normal Company payroll dates, for a six (6) three month period, subject to setoff for other employment or consulting income received by Executive.

Appears in 1 contract

Sources: Employment Agreement (Discovery Laboratories Inc /De/)

Termination Without Good Cause. If Executive's employment is terminated by the Company without Good Cause, the following provisions shall apply: (1i) Executive shall be entitled to any unpaid compensation accrued through the last day of Executive's employment;employment hereunder; and (2ii) Executive shall be entitled to receive severance payments equal to his base compensation, payable on normal Company payroll dates, for a six period ending on the first anniversary of the date of termination (6) month period, subject to setoff for other employment or consulting income received by Executivethe "Severance Payments").

Appears in 1 contract

Sources: Employment Agreement (Computron Software Inc)

Termination Without Good Cause. If Executive's employment is terminated by the Company without Good Cause, the following provisions shall apply: (1) Executive shall be entitled to any unpaid compensation accrued through the last day of Executive's employment; ; (2) Executive shall be entitled to receive severance payments equal to his her base compensation, payable on normal Company payroll dates, for a six three (63) month period, subject to setoff for or other employment or consulting income received by Executive.

Appears in 1 contract

Sources: Employment Agreement (Discovery Laboratories Inc /De/)

Termination Without Good Cause. If Executive's employment is terminated by the Company without Good Cause, the following provisions shall apply: (1) Executive shall be entitled to receive (i) any unpaid compensation accrued through the last day of Executive's employment; employment and (2ii) Executive shall be entitled to receive severance payments equal to his base compensation, payable on normal Company payroll dates, for a six period ending three months after the date of such termination (6) month the "Severance Payments"), which Severance Payments shall cease to be owing by the Company to Executive upon Executive's commencement of employment with another company during such period, subject to setoff for other employment or consulting income received by Executive.

Appears in 1 contract

Sources: Employment Agreement (PSW Technologies Inc)

Termination Without Good Cause. If Executive's employment is terminated by the Company without Good Cause, the following provisions shall apply: (1i) Executive shall be entitled to any unpaid compensation accrued through the last day of Executive's employment; (2ii) Executive shall be entitled to receive received severance payments equal to his base compensation, payable on normal Company payroll dates, for a six (6) twelve-month period, subject to setoff for other employment or consulting income received by Executive.

Appears in 1 contract

Sources: Employment Agreement (Discovery Laboratories Inc)