Example ContractsClausestermination by company without cause or by executive for good reasonVariants
Remove:

Termination by the Company Without Cause or by Executive With Good Reason other than in conjunction with a Change of Control. If the Company terminates Executive’s employment without Cause or Executive resigns with Good Reason, then Company shall Pay Executive a lump sum cash payment equal to the sum of Executive’s annual Base Compensation.

Termination by the Company Without Cause or by the Executive Withfor Good Reason not following a Change in Control of the Company. If other than in conjunction withfollowing a Change in Control of Control. Ifthe Company (which is covered by [Section 10.1] above), the Company terminates ExecutiveExecutive’s employment without CauseCause, or the Executive resigns withterminates employment for Good Reason, then Company shall Paythe company shall: # pay Executive (or Executive’s spouse or estate, should Executive die), a lump sum cash paymentseverance benefit equal to one (1) years’ salary, based upon Executive’s base annual salary immediately preceding his termination, plus any non-equity performance bonus earned in the sumtwelve (12) months preceding his termination; # pay for (or reimburse Executive for the cost of) such Fringe Benefits as the Company is then obligated to pay Executive pursuant to [Section 6.2] of Executivethis Agreement; and # pay Executive the value of Executive’s annual Base Compensation.earned but unused vacation days, and unreimbursed business expenses up to the date of termination of employment.

Termination by the Company Without Cause or by Executive With Good Reason other than in conjunction withReason. If # Executive’s employment is terminated by the Company without Cause (as defined below) during the Employment Term or within 12 months following a Change of Control. IfControl (as defined in the CompanyCompany’s 2016 Equity Incentive Plan) if a Change of Control occurs within the Employment Term or # Executive terminates Executive’s employment without Cause orfor Good Reason (as defined below), then, subject to [Section 8], Executive resigns with Good Reason, then Company shall Pay Executive a lump sum cash payment equalwill receive, in addition to the sumcompensation set forth in [Section 6], payment of the Executive’s annual Base Compensation.Salary for the lesser of the remainder of the Employment Term and 12 months. The Base Salary payment will be paid out over the payment period in accordance with the Company’s regular payroll practices, except to the extent timing of payments are modified by the provision provided in [Section 9] below.

Termination by the Company Without Cause or by the Executive Withfor Good Reason other than in conjunction withfollowing a Change in Control of Control.the Company. If following a Change in Control of the Company, the Company terminates ExecutiveExecutive’s employment without CauseCause, or the Executive resigns withterminates employment for Good Reason, then Company shall Paythe company shall: # pay Executive (or Executive’s spouse or estate, should Executive die), a lump sum cash paymentseverance benefit equal to the sumproduct of ExecutiveExecutive’s full-time (100%) base annual Base Compensation.salary immediately preceding his termination, inclusive of any non-equity performance bonus earned in the twelve (12) months preceding his termination, multiplied by the Change of Control Multiplier; # pay for (or reimburse Executive for the cost of) such Fringe Benefits as the Company is then obligated to pay Executive pursuant to [Section 6.2] of this Agreement; and # pay Executive the value of Executive’s earned but unused vacation days, and unreimbursed business expenses up to the date of termination of employment.

Termination by the Company WithoutWith Cause or by the Executive WithWithout Good Reason other than in conjunction with a Change of Control.. If the Company terminates Executivethe Executive’s employment withoutfor Cause or the Executive resigns withterminates his employment without Good Reason, then # the Company shall Pay Executive a lump sum cash payment equalpay to the sumExecutive, on the date of Executivetermination of employment, the Executive’s annual Base Compensation.salary and earned bonus or other compensation, the value of the Executive’s earned but unused vacation days, and unreimbursed business expenses up to the date of termination of employment, and # the Executive shall not receive any severance pay.

Termination by the Company Withoutof Employment without Cause or by Executive Withfor Good Reason other than in conjunctionconnection with to a Change in Control. In the event that Executive’s employment under this Agreement is terminated by Executive for Good Reason or by the Company without Cause other than in connection with a Change of Control. Ifin Control (as defined below) pursuant to [Section 5.4] below, Executive shall be entitled to receive the Company terminatesAccrued Amounts and, subject to Executive’s employment without Cause ortimely execution and delivery of the Release and such Release becoming effective following the Termination Date in accordance with its terms (the period between the Termination Date and the date that the Release becomes effective, the “Release Execution Period”), Executive resigns with Good Reason, then Company shall Pay Executive a lump sum cash payment equalbe entitled to receive the sum of Executive’s annual Base Compensation.following:

Select clause to view document information.

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.