Common use of By the Company with Cause Clause in Contracts

By the Company with Cause. If the Company terminates an Executive during the Engagement Period for Cause, the Company shall pay the Provider the then current monthly Base Fee of the individual (the annual Base Fee divided by twelve) through the calendar month following the Date of Termination and all other unpaid amounts, if any, to which the Provider is entitled as of the Date of Termination, such as expenses (Section 6) and the costs of benefits (Section 5.3). The payments contemplated by this Section 8.3 shall be paid at the time such payments are due. If the termination is within the three years of the Engagement Period, the terminated Person receiving Provider Shares shall be obligated to repay that portion of the Provider Stock then applicable under Section 5.5.1.

Appears in 1 contract

Samples: Executive Services Agreement (Cdex Inc)

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By the Company with Cause. If the Company terminates an Executive a Consultant ------------------------- during the Engagement Period for Cause, the Company shall pay the Provider the then current monthly Base Fee of the individual (the annual Base Fee divided by twelve) through the calendar month following the Date of Termination and all other unpaid amounts, if any, to which the Provider is entitled as of the Date of Termination, such as expenses (Section 6) and the costs of benefits (Section 5.3). The payments contemplated by this Section 8.3 shall be paid at the time such payments are due. If the termination is within the three years of the Engagement Period, the terminated Person receiving Provider Shares shall be obligated to repay that portion of the Provider Stock then applicable under Section 5.5.1.

Appears in 1 contract

Samples: Consultant Services Agreement (Loch Harris Inc)

By the Company with Cause. If the Company terminates an Executive a Consultant during the Engagement Period for Cause, the Company shall pay the Provider the then current monthly Base Fee of the individual (the annual Base Fee divided by twelve) through the calendar month following the Date of Termination and all other unpaid amounts, if any, to which the Provider is entitled as of the Date of Termination, such as expenses (Section 6) and the costs of benefits (Section 5.3). The payments contemplated by this Section 8.3 shall be paid at the time such payments are due. If the termination is within the three years of the Engagement Period, the terminated Person receiving Provider Shares shall be obligated to repay that portion of the Provider Stock then applicable under Section 5.5.1.

Appears in 1 contract

Samples: Consultant Services Agreement (Cdex Inc)

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By the Company with Cause. If the Company terminates an Executive ------------------------- during the Engagement Period for Cause, the Company shall pay the Provider the then current monthly Base Fee of the individual (the annual Base Fee divided by twelve) through the calendar month following the Date of Termination and all other unpaid amounts, if any, to which the Provider is entitled as of the Date of Termination, such as expenses (Section 6) and the costs of benefits (Section 5.3). The payments contemplated by this Section 8.3 shall be paid at the time such payments are due. If the termination is within the three years of the Engagement Period, the terminated Person receiving Provider Shares shall be obligated to repay that portion of the Provider Stock then applicable under Section 5.5.1.

Appears in 1 contract

Samples: Executive Services Agreement (Loch Harris Inc)

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