Company Relocation. In the event the Board of Directors determines to relocate the Company to a location outside of the New York City Metropolitan area and the Employee determines, at his option, not to relocate with the Company, then the Company shall pay the Employee a severance payment equal to the amounts set forth in Section 3(d) hereof as if the Employee were terminated without cause.
Appears in 3 contracts
Samples: Employment Agreement (Ieh Corporation), Employment Agreement (Ieh Corporation), Employment Agreement (Ieh Corporation)
Company Relocation. In the event the Board of Directors determines to relocate the Company to a location outside of the New York City Metropolitan area and the Employee determines, at his her option, not to relocate with the Company, then the Company shall pay the Employee a severance payment equal to the amounts set forth in Section 3(d) hereof as if the Employee were terminated without cause.
Appears in 1 contract
