Example ContractsClausesby company with causeVariants
By Company With Cause
By Company With Cause contract clause examples

By Company with Cause. During the Strategic Advisory Period, the Company may terminate this Agreement for “Cause” as defined in the 2020 ​ Long-Term Incentive Plan. Upon such a for-Cause termination, each of the Company and Executive will be released from any and all further obligations under this Agreement except: # that the Company will pay to Executive the base salary earned by Executive as of the Accelerated Retirement Date; and # as described in Section 6(d).

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By Company without Cause. During the Strategic Advisory Period, the Company may terminate this Agreement for any reason. Upon such a not for-Cause termination, each of the Company and Executive will be released from any and all further obligations under this Agreement except: # that the Company will pay to Executive the base salary and the 2022 Short-Term Incentive Plan benefit Executive would have earned if he had remained employed through the Scheduled Retirement Date; and # as described in Section 6(d). In addition, provided that Executive signs this Agreement and signs and does not revoke the release described in 8(c), Executive’s Durable Model Award, PSUs and PBRSUs will fully vest notwithstanding the fact Executive will not be actively employed on the awards’ scheduled vesting dates.

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