Business Closure. If the Company ceases business operations or is unable or not permitted to continue its business for any reason, the Company may, at its option, terminate this Agreement by giving written notice to Executive without further obligation to Executive.
Appears in 2 contracts
Samples: Executive Employment Agreement (GenuTec Business Solutions, Inc.), Executive Employment Agreement (GenuTec Business Solutions, Inc.)
Business Closure. If the Company ceases business operations or is unable or not permitted to continue its business for any reason, the Company may, at its option, terminate this Agreement by giving written notice to Executive without further obligation to Executive. Except, back salary shall be due and payable and Guarantees removed. Per Section 4.8.
Appears in 1 contract
Samples: Executive Employment Agreement (GenuTec Business Solutions, Inc.)
Business Closure. If either the Company ceases business operations or is AXX xxxxx their respective businesses or are unable or not permitted to continue its business their respective businesses for any reason, the Company may, at its sole option, terminate this Agreement by giving written notice to Executive Executive, without any further obligation to Executive.
Appears in 1 contract
Samples: Executive Employment Agreement (GenuTec Business Solutions, Inc.)
