Common use of By the Company for Cause; By the Executive Other than for Good Reason Clause in Contracts

By the Company for Cause; By the Executive Other than for Good Reason. If the Executive’s employment is terminated for Cause or the Executive terminates his employment without Good Reason during the Employment Period, this Agreement shall terminate without further obligations to the Executive other than the obligation to pay to the Executive, to the extent not previously paid, (i) his Annual Base Salary through the Date of Termination, (ii) his Prior Year’s Bonus and (iii) the Other Benefits.

Appears in 2 contracts

Samples: Employment Agreement (Argo Tech Corp), Employment Agreement (Argo Tech Corp)

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By the Company for Cause; By the Executive Other than for Good Reason. If the Executive’s employment is terminated for Cause or the Executive terminates his employment without Good Reason during the Employment Period, this Agreement shall terminate without further obligations to the Executive other than the obligation to pay to the Executive, to the extent not previously paid, Executive (i) his Annual Base Salary through the Date of Termination, Termination to the extent theretofore unpaid and (ii) his Prior Year’s Bonus and (iii) the Other Benefits.

Appears in 2 contracts

Samples: Employment Agreement (Michael Foods Group, Inc.), Employment Agreement (Michael Foods Inc/New)

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