Bases for Termination. Notwithstanding any other provision of this Agreement, the employment relationship created under this Agreement between Company and Executive shall terminate immediately upon the occurrence of any one of the following events: (a) The death of Executive; (b) Executive shall become Permanently Disabled (as defined in Section 9.4); (c) Immediately upon delivery to Executive by Company of written notice of termination for Cause (as defined in Section 9.4); (d) Immediately upon delivery to Executive by Company of written notice of termination without Cause; or (e) Thirty (30) days after delivery to Company by Executive of written notice of Executive’s voluntary and unilateral termination of this Agreement. Notwithstanding any termination of employment, Executive, in consideration of his employment hereunder to the date of such termination and the payment by Company of the compensation payable hereunder, agrees that Executive’s covenants and obligations set forth in Sections 5 through 10 shall remain in effect and be fully enforceable in accordance with the provisions thereunder.
Appears in 3 contracts
Samples: Employment Agreement (Power Medical Interventions, Inc.), Employment Agreement (Power Medical Interventions, Inc.), Employment Agreement (Power Medical Interventions, Inc.)
Bases for Termination. Notwithstanding any other provision of this Agreement, the employment relationship created under this Agreement between Company and Executive shall terminate immediately upon the occurrence of any one of the following events:
(a) The death of Executive;
(b) Executive shall become Permanently Disabled (as defined in Section 9.4);
(c) Immediately upon delivery to Executive by Company of written notice of termination for Cause (as defined in Section 9.4);
(d) Immediately upon delivery to Executive by Company of written notice of termination without Cause; or.
(e) Thirty (30) days after delivery to Company by Executive of written notice of Executive’s voluntary and unilateral termination of this Agreement. Notwithstanding any termination of employment, Executive, in consideration of his employment hereunder to the date of such termination and the payment by Company of the compensation payable hereunder, agrees that Executive’s covenants and obligations set forth in Sections 5 through 10 shall remain in effect and be fully enforceable in accordance with the provisions thereunder.
Appears in 1 contract
Samples: Employment Agreement (Power Medical Interventions, Inc.)
