COMPENSATION UPON TERMINATION WITHOUT CAUSE OR FOR GOOD REASON. In the event the Executive’s employment is terminated by the Company without Cause or by the Executive for Good Reason, then the Company shall continue to pay his Base Salary (defined below) and health insurance (provided he makes an appropriate COBRA election) for the remainder of the Employment Term or Renewal Term, as the case may be, in accordance with the Company’s then-current payroll practices, and a pro-rated portion of any discretionary bonus awarded to the Executive for the year in which Termination occurs, but the Executive shall be entitled to no other compensation or benefits. The Executive shall be entitled to a minimum of twelve (12) months Base Salary under the foregoing sentence.
Appears in 4 contracts
Samples: The Merger Agreement (Fresh Promise Foods, Inc.), Executive Employment Agreement (BioCube, INC.), The Executive Employment Agreement (VNUE, Inc.)
COMPENSATION UPON TERMINATION WITHOUT CAUSE OR FOR GOOD REASON. In the event the Executive’s 's employment is terminated by the Company without Cause or by the Executive for Good Reason, then the Company shall continue to pay his Base Salary (defined below) and health insurance (provided he makes an appropriate COBRA election) for the remainder of the Employment Term or Renewal Term, as the case may be, in accordance with the Company’s 's then-current payroll practices, and a pro-rated portion of any discretionary bonus awarded to the Executive for the year in which Termination occurs, but the Executive shall be entitled to no other compensation or benefits. The Executive shall be entitled to a minimum of twelve (12) months Base Salary under the foregoing sentence.
Appears in 3 contracts
Samples: Executive Employment Agreement (Ckrush, Inc.), Executive Employment Agreement (Ckrush, Inc.), Executive Employment Agreement (Ckrush, Inc.)
