Common use of Cause; Voluntary Termination Clause in Contracts

Cause; Voluntary Termination. If the Executive’s employment is terminated (i) due to the Executive’s death or Disability, (ii) for Cause by the Company, or (iii) by the Executive voluntarily during the Employment Period, the Company shall pay the Executive, within 10 days after the Date of Termination, a lump-sum cash amount equal to the sum of any portion of the Salary and any other compensation earned for the period up to the Date of Termination that has not yet been paid, plus the cash equivalent of any accrued but unused vacation.

Appears in 5 contracts

Samples: Employment Agreement (Safety-Kleen Holdco Inc), Employment Agreement (Safety-Kleen Holdco Inc), Employment Agreement (Safety-Kleen Holdco Inc)

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Cause; Voluntary Termination. If the Executive’s 's employment is terminated (i) due to the Executive’s death or Disability, (ii) for Cause by the Company, or (iii) by the Executive voluntarily terminates his employment during the Employment PeriodPeriod other than in an Involuntary Termination, the Company shall pay the Executive, within 10 days after the Date of Termination, a lump-sum cash amount equal to the sum of any portion of the Salary and any other compensation earned for the period up to the Date of Termination that has not yet been paid, plus the cash equivalent of any accrued but unused vacation.

Appears in 2 contracts

Samples: Employment Agreement (Safety Kleen Corp/), Company Indemnification Agreement (Anc Rental Corp)

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Cause; Voluntary Termination. If the Executive’s 's employment ------------------------------ is terminated (i) due to the Executive’s death or Disability, (ii) for Cause by the Company, or (iii) by the Executive voluntarily terminates his employment during the Employment PeriodPeriod other than in an Involuntary Termination, the Company shall pay the Executive, within 10 days after the Date of Termination, a lump-sum cash amount equal to the sum of any portion of the Salary and any other compensation earned for the period up to the Date of Termination that has not yet been paid, plus the cash equivalent of any accrued but unused vacation.

Appears in 1 contract

Samples: Employment Agreement (Safety Kleen Corp/)

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