Compensation Upon Termination for Cause. In the event that the Executive's employment is terminated for Cause pursuant to the terms of Section 2.3, the Company shall only be obligated to pay the Executive, or his legal representatives, as the case may be, any unpaid portion of his Base Salary at the rate herein provided, which would have been earned had the Executive remained in the employment of the Company until the effective date of such termination. If the Executive terminates his employment with the Company other than for Good Reason, the Executive will thereby forfeit all compensation, benefits and financial obligations owed by the Company under this Agreement, except that Base Salary will be paid through the date of termination of employment by the Executive without Good Reason.
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Samples: Executive Employment Agreement (Ckrush, Inc.), Executive Employment Agreement (Ckrush, Inc.), Executive Employment Agreement (Ckrush, Inc.)
Compensation Upon Termination for Cause. In the event that the Executive's ’s employment is terminated for Cause pursuant to the terms of Section 2.3, the Company shall only be obligated to pay the Executive, or his legal representatives, as the case may be, any unpaid portion of his Base Salary at the rate herein provided, which would have been earned had the Executive remained in the employment of the Company until the effective date of such termination. If the Executive terminates his employment with the Company other than for Good Reason, the Executive will thereby forfeit all compensation, benefits and financial obligations owed by the Company under this the Agreement, except that Base Salary will be paid through the date of termination of employment by the Executive without Good Reason.
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Samples: The Merger Agreement (Fresh Promise Foods, Inc.), The Executive Employment Agreement (VNUE, Inc.), The Executive Employment Agreement (Tierra Grande Resources Inc.)
Compensation Upon Termination for Cause. In the event that the Executive's ’s employment is terminated for Cause pursuant to the terms of Section 2.3, the Company shall only be obligated to pay the Executive, or his legal representatives, as the case may be, any unpaid portion of his Base Salary at the rate herein provided, which would have been earned had the Executive remained in the employment of the Company until the effective date of such termination. If the Executive terminates his employment with the Company other than for Good Reason, the Executive will thereby forfeit all compensation, benefits and financial obligations owed by the Company under this Agreement, except that Base Salary will be paid through the date of termination of employment by the Executive without Good Reason.
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