Common use of Employment at Will After Termination of Agreement Clause in Contracts

Employment at Will After Termination of Agreement. If, upon the termination of this Agreement pursuant to paragraph 3.1.1, the parties to this Agreement agree that Executive shall remain employed by UGSI, then Executive's employment with UGSI will continue in accordance with, and subject to, the terms and conditions of this Agreement, except that Executive's continued employment will not be for any specific term but will be at-will and either UGSI or Executive may terminate the employment relationship at any time for any reason whatsoever. If UGSI then terminates the employment of Executive pursuant to paragraph 3.1.3 or Executive terminates the relationship for Cause pursuant to paragraph 3.1.5, Executive shall be entitled to his salary and bonus through the date of termination. If UGSI terminates the employment of Executive for Cause pursuant to paragraph 3.1.4 or Executive voluntarily terminates his employment pursuant to paragraph 3.1.2, Executive shall be entitled to his salary through the date of termination and no bonus payments.