Voluntary Resignation without Good Reason. In the event the Executive voluntarily resigns without Good Reason on or after the Effective Date, the Executive shall not receive any payments, benefits, or other amounts provided by this Agreement (but shall still be subject to the restrictive covenants set forth in Section 5 of this Agreement) other than as required under applicable law. The -13- Executive may, however, be eligible for certain benefits under the Company’s tax-qualified pension and other employee benefit plans.
Appears in 3 contracts
Sources: Employment Agreement (Bally Total Fitness Holding Corp), Employment Agreement (Bally Total Fitness Holding Corp), Employment Agreement (Bally Total Fitness Holding Corp)
Voluntary Resignation without Good Reason. In the event that the Executive voluntarily resigns without for other than Good Reason on as defined above in Section 5(f), Executive will be entitled only to payment of those benefits listed in Section 5(a). The Company will have no further obligation to pay any compensation of any kind (including without limitation any bonus or after portion of a bonus that otherwise may have become due and payable to Executive with respect to the Effective Date, the Executive shall not receive any payments, benefitsfiscal year in which such termination date occurs), or other amounts provided by this Agreement (but shall still be subject to the restrictive covenants set forth in Section 5 severance payment of this Agreement) other than as required under applicable law. The -13- Executive may, however, be eligible for certain benefits under the Company’s tax-qualified pension and other employee benefit plansany kind.
Appears in 3 contracts
Sources: Employment Agreement (Ddi Corp), Employment Agreement (Ddi Corp), Employment Agreement (Ddi Corp)
Voluntary Resignation without Good Reason. In the event that the Executive voluntarily resigns without for other than Good Reason on as defined above in subsection 4(e), Executive will be entitled only to payment of any earned but unpaid compensation through the termination date. The Company will have no further obligation to pay any compensation of any kind (including without limitation any bonus or after portion of a bonus that otherwise may have become due and payable to Executive with respect to the Effective Date, the Executive shall not receive any payments, benefitsyear in which such termination date occurs), or other amounts provided by this Agreement (but shall still be subject to the restrictive covenants set forth in Section 5 severance payment of this Agreement) other than as required under applicable law. The -13- Executive may, however, be eligible for certain benefits under the Company’s tax-qualified pension and other employee benefit plansany kind.
Appears in 2 contracts
Sources: Employment Agreement (Ddi Corp), Employment Agreement (Ddi Corp)
Voluntary Resignation without Good Reason. In the event the Executive voluntarily resigns without Good Reason on or after the Effective Date, the Executive shall not receive any payments, benefits, or other amounts provided by this Agreement (but shall still be subject to the restrictive covenants set forth in Section 5 of this Agreement) other than as required under applicable law. The -13- Executive may, however, be eligible for certain benefits under the Company’s tax-qualified pension and other employee benefit plans.
Appears in 2 contracts
Sources: Employment Agreement (Bally Total Fitness Holding Corp), Employment Agreement (Bally Total Fitness Holding Corp)
Voluntary Resignation without Good Reason. In the event that the Executive voluntarily resigns without for other than Good Reason on as defined above in Section 5(f), Executive will be entitled only to payment of those benefits listed in Section 5(a). The Company will have no further obligation to pay any compensation of any kind (including without limitation any bonus or after the Effective Date, the portion of a bonus that otherwise may have become due and payable to Executive shall not receive any payments, benefits, or other amounts provided by this Agreement (but shall still be subject with respect to the restrictive covenants set forth fiscal year in Section 5 which such termination date occurs) or severance payment of this Agreement) other than as required under applicable law. The -13- Executive may, however, be eligible for certain benefits under the Company’s tax-qualified pension and other employee benefit plansany kind.
Appears in 1 contract
Sources: Employment Agreement (Ddi Corp)
Voluntary Resignation without Good Reason. In the event that the Executive voluntarily resigns without for other than Good Reason on or after as defined above in subsection 4(e), Executive will be entitled only to payment of any earned but unpaid compensation through the Effective Date, the Executive shall not receive any payments, benefits, or other amounts provided by this Agreement (termination date and accrued but shall still be subject unused vacation to the restrictive covenants set forth in Section 5 of this Agreement) other than as extent required under by applicable law. The -13- Company will have no further obligation to pay any compensation of any kind (including without limitation any bonus or portion of a bonus that otherwise may have become due and payable to Executive maywith respect to the year in which such termination date occurs), however, be eligible for certain benefits under the Company’s tax-qualified pension and other employee benefit plansor severance payment of any kind.
Appears in 1 contract
Sources: Employment Agreement (Ddi Corp)
Voluntary Resignation without Good Reason. In the event the that Executive voluntarily resigns without Good Reason on or after the Effective Date, the Executive shall not receive any payments, benefits, or other amounts provided by this Agreement (but shall still be subject to the restrictive covenants set forth as defined above in Section 5 of this Agreement) other than as required under applicable law(d), Executive will be entitled only to the Accrued Benefits through the termination date. The -13- Company will have no further obligation to pay any compensation of any kind (including without limitation any bonus or portion of a bonus that otherwise may have become due and payable to Executive maywith respect to the year in which such termination date occurs), however, be eligible for certain benefits under the Company’s tax-qualified pension and other employee benefit plansor severance payments of any kind.
Appears in 1 contract
Voluntary Resignation without Good Reason. In the event that the Executive voluntarily resigns without for other than Good Reason on or after as defined above in subsection 4(e), Executive will be entitled only to payment of any earned but unpaid Base Salary through the Effective Date, the Executive shall not receive any payments, benefits, or other amounts provided by this Agreement (termination date and accrued but shall still be subject unused vacation to the restrictive covenants set forth in Section 5 of this Agreement) other than as extent required under by applicable law. The -13- Company will have no further obligation to pay any compensation of any kind (including without limitation any bonus or portion of a bonus that otherwise may have become due and payable to Executive maywith respect to the year in which such termination date occurs), however, be eligible for certain benefits under the Company’s tax-qualified pension and other employee benefit plansor severance payment of any kind.
Appears in 1 contract
Sources: Employment Agreement (Ddi Corp)