Common use of Compensation Upon Termination by Company Without Cause or by Executive for Good Reason Clause in Contracts

Compensation Upon Termination by Company Without Cause or by Executive for Good Reason. If, Executive is terminated without cause as provided in § 5.1, or within twenty-four (24) months after a Change in Control shall have occurred Executive’s employment by Company shall be terminated (a) by Company without cause or (b) by Executive for Good Reason based on an event occurring concurrent with or subsequent to a Change in Control, then, at the time specified in Subsection (vii), Executive shall be entitled, without regard to any contrary provisions of any Plan, to the benefits as provided below:

Appears in 4 contracts

Samples: Employment Agreement (NiMin Energy Corp.), Employment Agreement (NiMin Energy Corp.), Employment Agreement (NiMin Energy Corp.)

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