Common use of By Corporation for Cause Clause in Contracts

By Corporation for Cause. OR BY EXECUTIVE WITHOUT GOOD REASON. Upon termination of the Executive's employment pursuant to SECTION 5.1(E) OR (G), the Executive shall be entitled to the following severance benefits: (i) accrued and unpaid Base Salary and vacation pay through the date of termination, less withholding of applicable taxes; and (ii) continued provision, for a period of one (1) month after the date of the Executive's termination of employment, of benefits under Benefit Plans extended to the Executive at the time of termination.

Appears in 3 contracts

Samples: Employment Agreement (CepTor CORP), Employment Agreement (Xechem International Inc), Employment Agreement (Xechem International Inc)

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By Corporation for Cause. OR BY EXECUTIVE WITHOUT GOOD REASON. Upon termination of the Executive's employment pursuant to SECTION 5.1(E5.1(e) OR or (Gg), the Executive shall be entitled to the following severance benefits: (i) accrued and unpaid Base Salary and vacation pay through the date of termination, less withholding of applicable taxes; and (ii) continued provision, for a period of one (1) month after the date of the Executive's termination of employment, of benefits under Benefit Plans extended to the Executive at the time of termination.

Appears in 2 contracts

Samples: Employment Agreement (CepTor CORP), Employment Agreement (CepTor CORP)

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