Early Termination Without Cause. Notwithstanding Section 3.1, Sionix may terminate employment under this Agreement at any time, without Cause, provided that it continues nonetheless to compensate Executive for a period of six (6) months following such termination, with salary and benefits under Sections 2.1 and 2.3. Executive shall also be entitled to reimbursement of otherwise allowable expenses incurred or committed prior to the date of termination. All unearned Options or Additional Options vest immediately.
Appears in 2 contracts
Samples: Employment Agreement (Sionix Corp), Employment Agreement (Sionix Corp)
Early Termination Without Cause. Notwithstanding Section 3.1, Sionix may terminate employment under this Agreement at any time, without Cause, provided that it continues nonetheless to compensate Executive for a period of six (6) months following such termination, with salary and benefits under Sections 2.1 and 2.3. Executive shall also be entitled to reimbursement of otherwise allowable expenses incurred or committed prior to the date of termination. All unearned Options or Additional Options vest immediately.
Appears in 1 contract
Samples: Employment Agreement (Sionix Corp)
Early Termination Without Cause. Notwithstanding Section 3.1, Sionix may terminate employment under this Agreement at any time, without Cause, provided that it continues nonetheless to compensate Executive for a period of six (6) months following such termination, with salary and benefits under Sections 2.1 and 2.3. Executive shall also be entitled to reimbursement of otherwise allowable expenses incurred or committed prior to the date of termination. All unearned Options or Additional Options vest immediately.
Appears in 1 contract
Samples: Employment Agreement (Sionix Corp)