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

Voluntary Termination without Good Reason; Termination for Cause. If Executive’s employment with Heska terminates voluntarily by Executive without Good Reason or is terminated for Cause by Heska, then (i) all further vesting of Executive’s outstanding equity awards will terminate immediately, (ii) all payments of compensation by Heska to Executive hereunder will terminate immediately (except as to amounts already earned), and (iii) Executive will not be entitled to any severance but Executive will be paid all accrued but unpaid vacation, expense reimbursements and other benefits due to Executive through his termination date under any Company-provided or paid plans, policies, and arrangements.

Appears in 1 contract

Sources: Employment Agreement (Heska Corp)

Voluntary Termination without Good Reason; Termination for Cause. If Executive’s 's employment with Heska terminates voluntarily by Executive without Good Reason or is terminated for Cause by Heska, then (i) all further vesting of Executive’s 's outstanding equity awards will terminate immediately, (ii) all payments of compensation by Heska to Executive hereunder will terminate immediately (except as to amounts already earned), and (iii) Executive will not be entitled to any severance but Executive will be paid all accrued but unpaid vacation, expense reimbursements and other benefits due to Executive through his termination last date of employment with the Company under any Company-provided or paid plans, policies, and arrangements.

Appears in 1 contract

Sources: Employment Agreement (Heska Corp)