Common use of Compensation in the Event of Termination Clause in Contracts

Compensation in the Event of Termination. In the event that the ---------------------------------------- Employee's employment pursuant to this Agreement terminates prior to the end of the term of this Agreement because he is not reelected pursuant to Section 1 or for a reason provided in Section 5 hereof, the Company shall pay the Employee compensation as set forth below: (a) Employee not Elected by Board of Directors; By Employee for Good ---------------------------------------------------------------- Reason;

Appears in 6 contracts

Samples: Employment Agreement (Happy Kids Inc), Employment Agreement (Happy Kids Inc), Employment Agreement (Happy Kids Inc)

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Compensation in the Event of Termination. In the event that the ---------------------------------------- Employee's employment pursuant to this Agreement terminates prior to the end of the term of this Agreement because he is not reelected pursuant to Section 1 or for a reason provided in Section 5 hereof, the Company shall pay the Employee compensation as set forth below: (a) Employee not Elected by Board of Directors; By Employee for Good ---------------------------------------------------------------- Reason;

Appears in 2 contracts

Samples: Employment Agreement (Cooperative Holdings Inc), Employment Agreement (Cooperative Holdings Inc)

Compensation in the Event of Termination. In the event that the ---------------------------------------- Employee's employment pursuant to this Agreement terminates prior to the end of the term Term of this Agreement because he is not reelected pursuant to Section 1 or for a reason provided in Section 5 hereof, the Company shall pay the Employee compensation as set forth below: (a) Employee not Elected by Board of Directors; By Employee for Good ---------------------------------------------------------------- Reason;

Appears in 1 contract

Samples: Employment Agreement (Happy Kids Inc)

Compensation in the Event of Termination. In the event that the ---------------------------------------- Employee's employment pursuant to this Agreement terminates prior to the end of the term of this Agreement because he is not reelected pursuant to Section 1 or for a reason provided in Section 5 hereof, the Company shall pay the Employee compensation as set forth below: (a) Employee not Elected by Board of Directors; By Employee for Good ---------------------------------------------------------------- Reason;

Appears in 1 contract

Samples: Employment Agreement (Alphanet Solutions Inc)

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Compensation in the Event of Termination. In the event that the ---------------------------------------- Employee's employment pursuant to this Agreement terminates prior to the end of the term of this Agreement because he is not reelected pursuant to Section 1 or for a reason provided in Section 5 hereof, the Company shall pay the Employee compensation as set forth below: (a) Employee not Elected by Board of Directors; By Employee for Good ---------------------------------------------------------------- Reason;

Appears in 1 contract

Samples: Employment Agreement (Goamerica Inc)

Compensation in the Event of Termination. In the event that the ---------------------------------------- Employee's employment pursuant to this Agreement terminates prior to the end of the term of this Agreement because he is not reelected pursuant to Section 1 or for a reason provided in Section 5 hereof, the Company shall pay the Employee compensation as set forth below: (a) Employee not Not Elected by Board of Directors; By Employee for Good ---------------------------------------------------------------- Reason;

Appears in 1 contract

Samples: Employment Agreement (Analytical Graphics Inc)

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