Common use of Employee’s Right to Terminate Clause in Contracts

Employee’s Right to Terminate. Employee may, upon substantial breach of this Agreement by the Company, terminate this Agreement by giving thirty (30) days' prior written notice to the Company, in which event the Company is under no duty to pay any sums to Employee other than accrued but unpaid salary owing Employee as of the date of termination established by Employee's notice, plus the severance compensation provided for in section 5.4 hereof and provided that Employee fully performs Employee's obligations hereunder to the date of such termination.

Appears in 4 contracts

Samples: Employment Agreement (Universal Power Group Inc.), Employment Agreement (Univeral Power Group Inc.), Employment Agreement (Univeral Power Group Inc.)

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Employee’s Right to Terminate. Employee may, upon substantial breach of this Agreement by the Company, may terminate this Agreement by giving thirty (30) days' prior upon 60 days written notice by Employee to the Company. Upon receiving notice of termination, in which event the Company is under no duty may elect to pay any sums to Employee other than accrued but unpaid salary owing Employee as of accelerate the effective date of termination established by Employee's noticetermination, plus the severance compensation provided for in section 5.4 hereof and provided that Employee fully performs Employee's obligations hereunder to shall be paid the date base salary through the end of such terminationsixty (60) day notice period or the end of the term of this Agreement, whichever comes first.

Appears in 2 contracts

Samples: Employment Agreement (Open Energy Corp), Employment Agreement (Open Energy Corp)

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Employee’s Right to Terminate. Employee maymay terminate the Term of Employment at any time, upon substantial breach of this Agreement for any reason, by the Company, terminate this Agreement by giving providing thirty (30) days' prior days written notice thereof to the CompanyEmployer, in which event the Company is under no duty to pay any sums to Employee other than accrued but unpaid salary owing Employee as and such termination shall not be deemed a breach of the date of termination established by Employee's notice, plus the severance compensation provided for in section 5.4 hereof and provided that Employee fully performs Employee's obligations hereunder to the date of such terminationthis Agreement.

Appears in 1 contract

Samples: Employment Agreement (SFX Entertainment Inc)

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