Common use of Contract Severance Clause in Contracts

Contract Severance. In consideration for the termination of the Executive’s Prior Agreement, the Company hereby agrees to provide the Executive with a cash payment and restricted stock grant (the “Contract Severance”) according to the terms set forth below:

Appears in 4 contracts

Samples: Employment Agreement (Houston Exploration Co), Employment Agreement (Houston Exploration Co), Employment Agreement (Houston Exploration Co)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.