Cause; Without Good Reason. If Executive’s employment shall be terminated by the Company for Cause, or if Executive terminates employment hereunder without Good Reason, the Company shall pay Executive Executive’s Base Salary through the final date of termination at the rate in effect at the time of the notice of termination, and neither the Executive nor the Company shall thereafter have any further obligations under this Agreement.
Appears in 4 contracts
Sources: Officer Employment Agreement (XTI Aerospace, Inc.), Officer Employment Agreement (XTI Aerospace, Inc.), Officer Employment Agreement (XTI Aerospace, Inc.)
Cause; Without Good Reason. If the Executive’s 's employment shall be terminated by for Cause during the Company for Cause, Change of Control Period or if the Executive voluntarily terminates employment hereunder during the Change of Control Period without Good Reason, this Agreement shall terminate without further obligation to the Company shall Executive other than the obligation to pay to the Executive Executive’s (i) his Annual Base Salary through the final date Date of termination at the rate in effect at the time of the notice of terminationTermination, and neither (ii) the Executive nor amount of any compensation previously deferred by the Company shall thereafter have any further obligations under this AgreementExecutive.
Appears in 4 contracts
Sources: Change of Control Agreement (Resource Bancshares Mortgage Group Inc), Change of Control Agreement (Resource Bancshares Mortgage Group Inc), Change of Control Agreement (Resource Bancshares Mortgage Group Inc)
Cause; Without Good Reason. If the Executive’s employment shall be is terminated by the Company for Cause, Cause or if the Executive voluntarily terminates employment hereunder without Good Reason, the Company shall pay to the Executive Executive’s any Annual Base Salary earned through the final date Date of termination at the rate in effect at the time of the notice of termination, and neither the Executive nor the Termination. The Company shall thereafter have any no further obligations under this Agreement.
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