Upon Termination For Cause or Without Good Reason Clause Samples

The 'Upon Termination For Cause or Without Good Reason' clause defines the consequences and procedures that apply when an employment relationship ends either because the employer has justifiable grounds (cause) or the employee resigns without a valid reason (without good reason). Typically, this clause outlines what compensation, benefits, or rights the employee is entitled to in such scenarios, often limiting severance or post-termination benefits. Its core function is to clarify the financial and legal outcomes of these specific types of termination, thereby protecting the employer from unnecessary liability and ensuring both parties understand the implications of ending the employment under these circumstances.
Upon Termination For Cause or Without Good Reason. If Executive’s employment under this Agreement is terminated by SITE Centers for Cause or by Executive without Good Reason during the Contract Period, SITE Centers will pay and provide to Executive the Executive’s Base Salary and any accrued but unused paid time off through the Termination Date in accordance with SITE Centers policy to the extent not already paid and continuing health, dental and vision insurance and other insurance (e.g. life, disability, etc.) at the levels specified in Section 4.2 through the Termination Date, and, except as may otherwise be required by law, SITE Centers will not pay or provide to Executive any further compensation or other benefits under this Agreement. SITE Centers will pay any Base Salary referred to in this Section 7.1 to Executive within 30 days of the Termination Date.
View SourceView Similar (9)
Upon Termination For Cause or Without Good Reason. If Executive’s employment under this Agreement is terminated by DDR for Cause or by Executive without Good Reason during the Contract Period, DDR will pay and provide to Executive the Executive’s Base Salary through the Termination Date to the extent not already paid and continuing health, dental and vision insurance at the levels specified in Section 4.2 through the Termination Date, and, except as may otherwise be required by law, DDR will not pay or provide to Executive any further compensation or other benefits under this Agreement. DDR will pay any Base Salary referred to in this Section 7.1 to Executive within 30 days of the Termination Date.
View SourceView Similar (9)
Upon Termination For Cause or Without Good Reason. If Executive’s employment under this Agreement is terminated by Curbline for Cause or by Executive without Good Reason during the Contract Period while Executive is employed by Curbline TRS, Curbline will pay and provide to Executive (or cause payment and provision to Executive of) the Executive’s Base Salary and any accrued but unused paid time off through the Termination Date in accordance with Curbline policy to the extent not already paid and continuing health, dental and vision insurance and other insurance (e.g. life, disability, etc.) at the levels specified in Section 4.2 through the Termination Date, and, except as may otherwise be required by law, Curbline will not pay or provide to Executive any further compensation or other benefits under this Agreement. Curbline will pay (or cause payment of) any Base Salary referred to in this Section 7.1 to Executive within 30 days of the Termination Date.
View SourceView Similar (8)
Upon Termination For Cause or Without Good Reason. If Executive’s employment under this Agreement is terminated by DDR for Cause or by Executive without Good Reason during the Contract Period, DDR will pay and provide to Executive the Executive’s Base Salary and any accrued but unused paid time off through the Termination Date in accordance with DDR policy to the extent not already paid and continuing health, dental and vision insurance and other insurance (e.g. life, disability, etc.) at the levels specified in Section 4.2 through the Termination Date, and, except as may otherwise be required by law, DDR will not pay or provide to Executive any further compensation or other benefits under this Agreement. DDR will pay any Base Salary referred to in this Section 7.1 to Executive within 30 days of the Termination Date.
View SourceView Similar (5)
Upon Termination For Cause or Without Good Reason. If ▇▇▇▇▇▇▇’▇ employment under this Agreement is terminated by DDR for Cause or by ▇▇▇▇▇▇▇ without Good Reason (which, for all purposes of this Agreement, will include termination of ▇▇▇▇▇▇▇’▇ employment upon expiration of the term as contemplated by Section 6.1 if the Non-Renewal Notice was given by ▇▇▇▇▇▇▇), DDR will pay and provide to ▇▇▇▇▇▇▇ his Base Salary through the Termination Date to the extent not already paid and continuing life, disability, medical, hospitalization, vision, and dental insurance at the levels specified in Section 4.2 through the Termination Date, and, except as may otherwise be required by law, DDR will not pay or provide to ▇▇▇▇▇▇▇ any further compensation or other benefits under this Agreement. DDR will pay any Base Salary referred to in this Section 7.1 to ▇▇▇▇▇▇▇ within 30 days of the Termination Date.
View SourceView Similar (2)
Upon Termination For Cause or Without Good Reason. If Wolstein’s employment under this Agreement is terminated by the Board for Cause or by Wolstein without Good Reason during the Contract Period, DDR will pay and provide to Wolstein his Base Salary through the Termination Date to the extent not already paid and continuing medical, hospitalization, vision, and dental insurance at the levels specified in Section 5.2 through the Termination Date, and, except as may otherwise be required by law, DDR will not pay or provide to Wolstein any further compensation or other benefits under this Agreement. DDR will pay any Base Salary referred to in this Section 8.1 to Wolstein within 30 days of the Termination Date.
View Source
Upon Termination For Cause or Without Good Reason. If Wolstein’s employment under this Agreement is terminated by DDR for Cause or by Wolstein without Good Reason (which, for all purposes of this Agreement, will include termination of Wolstein’s employment upon expiration of the term as contemplated by Section 7.1 if the Non-Renewal Notice was given by Wolstein), DDR will pay and provide to Wolstein his Base Salary through the Termination Date to the extent not already paid and continuing life, disability, medical, hospitalization, vision, and dental insurance at the levels specified in Section 5.2 through the Termination Date, and, except as may otherwise be required by law, DDR will not pay or provide to Wolstein any further compensation or other benefits under this Agreement. DDR will pay any Base Salary referred to in this Section 8.1 to Wolstein within 30 days of the Termination Date.
View Source
Upon Termination For Cause or Without Good Reason. If Executive’s employment under this Agreement is terminated by the Company for Cause or by Executive without Good Reason, the Company will pay and provide to Executive his Senior Advisor Salary through the Termination Date to the extent not already paid, and continue to provide Executive with his other benefits of employment through the Termination Date; provided, that, such termination shall not affect Executive’s right to receive the Other Benefits which Executive has received or is otherwise entitled to receive from time to time or at any time in consideration of his employment (whether vested or not vested) unless, pursuant to the express terms and conditions of the programs, policies and procedures established by the Company from time to time or at any time, in respect of the administration of such Other Benefits (collectively, “Other Benefit Programs”), independent grounds exist for the Company to revoke such Other Benefits. The Company will pay any Senior Advisor Salary referred to in this paragraph to Executive within thirty (30) days of the Termination Date.
View Source

Related to Upon Termination For Cause or Without Good Reason

  • Termination for Cause or Without Good Reason If the Executive’s employment should be terminated (i) by the Company for Cause, or (ii) by the Executive without Good Reason, the Company shall pay to the Executive any Accrued Amounts only, and shall not be obligated to make any additional payments to the Executive.

  • Termination Without Cause or With Good Reason (i) The Board may immediately terminate Executive’s employment at any time for a reason other than Cause (a termination “Without Cause”), and Executive may, by written notice to the Board, terminate this Agreement at any time within 90 days following an event constituting “Good Reason,” as defined below (a termination “With Good Reason”); provided, however, that the Bank shall have 30 days to cure the “Good Reason” condition, but the Bank may waive its right to cure. Any termination of Executive’s employment, other than termination for Cause, shall have no effect on or prejudice the vested rights of Executive under the Bank’s qualified or non-qualified retirement or other employee benefit plans or programs, or compensation plans or programs in which Executive was a participant. (ii) In the event of termination With Good Reason, as described under Section 4(e)(i), and subject to the requirements of Section 4(e)(v), the Bank shall pay Executive, or in the event of Executive’s subsequent death, Executive’s beneficiary or estate, as severance pay, an amount equal to one times the Executive’s Base Salary, payable in a lump sum within ten (10) days of the Executive’s termination of employment. (iii) In the event of termination Without Cause, as described under Section 4(e)(i), and subject to the requirements of Section 4(e)(v), the Bank shall pay Executive, or in the event of Executive’s subsequent death, Executive’s beneficiary or estate, as severance pay, an amount equal to the Executive’s Base Salary for the remaining term of this Agreement, payable in a lump sum within ten (10) days of the Executive’s termination of employment, and the Executive and his or her dependents shall remain eligible to participate in the non-taxable medical and dental insurance programs offered by the Bank to its employees for the remaining term of this Agreement, at no cost to the Executive. If the Bank cannot provide one or more of the benefits set forth in this paragraph because Executive is no longer an employee, applicable rules and regulations prohibit such benefits or the payment of such benefits in the manner contemplated, or it would subject the Bank to penalties, then the Bank shall pay Executive a cash lump sum payment reasonably estimated to be equal to the value of such benefits or the value of the remaining benefits at the time of such determination. Such cash payment will be made on the Bank’s first payroll date immediately following the 30th day after the later of: (i) Executive’s date of termination; or (ii) the effective date of the rules or regulations prohibiting such benefits or subjecting the Bank to penalties.

  • Termination Without Cause or Termination for Good Reason In the event (x) the Executive's employment hereunder is terminated by the Company without Cause, other than due to Disability or death, or (y) the Executive terminates his employment for Good Reason hereunder at his initiative within 60 days following the occurrence of a Good Reason which has not been cured by the Company within 20 calendar days of receipt of notice thereof from the Executive, the Executive shall be entitled to the following benefits: (i) Base Salary through the date of termination; (ii) a Pro-Rata annual incentive award for the year of termination, based on the target bonus for such year, payable promptly following such termination; (iii) a lump sum payment in an amount equal to two times the Executive's Base Salary, determined as provided in the last sentence of this Section 14(d), payable promptly following such termination; (iv) a lump sum payment in an amount equal to two times the Executive's target annual incentive award for the year of termination, payable promptly following such termination; (v) all outstanding stock options shall become fully vested and exercisable and shall remain exercisable for a period equal to the lesser of five years and the remainder of their originally scheduled terms; (vi) two additional years of service for the purpose of determining the supplemental pension benefit pursuant to Section 10; provided, however, that the total number of years of service taken into account in determining such benefit shall in no event exceed ten (10); and (vii) continued participation in all medical, dental, vision and hospitalization insurance coverage and benefits and in all other employee and senior-level executive welfare benefit plans, programs and arrangements in which he was participating on the date of the termination of his employment, on the same terms and conditions as if he had remained employed by the Company, for a period equal to 24 months following the termination of his employment; provided, however, that if the Executive becomes re-employed with another employer and is eligible to receive medical or other welfare benefits under another employer-provided plan, the medical and other welfare benefits described above shall be secondary to those provided under such other plan during such applicable period of eligibility, provided that, to the extent that the Company's plans, programs and arrangements do not permit such continuation of the Executive's participation following his termination, the Company shall provide the Executive, no less frequently than quarterly in advance with an amount which, after taxes, is sufficient for him to purchase equivalent benefits. For purposes of Section 14(d)(iv) above, Base Salary shall be determined by the Base Salary at the annualized rate in effect on the date of termination of the Executive's employment, provided however, if, prior to the termination of the Executive's employment pursuant to this Section 14(d), the Base Salary has been reduced without the Executive's consent, the Base Salary in effect on the date of termination of the Executive's employment shall be deemed to be the Base Salary as in effect prior to such reduction.

  • For Cause or Without Good Reason If the Executive's employment shall be terminated by the Company for Cause or by the Executive without Good Reason during the Employment Period, the Company shall have no further obligations to the Executive under this Agreement other than pursuant to Sections 7 and 8 hereof, and the obligation to pay to the Executive the Accrued Obligations in cash within 30 days after the Date of Termination and to provide the Other Benefits.

  • Termination for Cause or Resignation without Good Reason If, during the Term of this Agreement, Executive’s employment is terminated by the Company for Cause, or Executive resigns his employment hereunder without Good Reason, the Company shall pay Executive the Termination Amounts, less standard deductions and withholdings. The Company shall thereafter have no further obligations to Executive under this Agreement, except as otherwise provided by law.