Common use of EXECUTIVE'S TERMINATION WITHOUT GOOD REASON Clause in Contracts

EXECUTIVE'S TERMINATION WITHOUT GOOD REASON. If the Executive terminates employment without Good Reason (as defined in Section 9.4 hereof) at any time prior to the end of the Term, Executive shall be entitled to receive from the Corporation payment of any unpaid accrued Base Salary earned through the date of termination. All other obligations of the Corporation hereunder shall terminate on the date of termination and the Executive's termination without Good Reason shall act as a waiver of all claims to compensation which might otherwise have accrued after the date of termination.

Appears in 3 contracts

Samples: Employment Agreement (Flemington Pharmaceutical Corp), Employment Agreement (Flemington Pharmaceutical Corp), Employment Agreement (Flemington Pharmaceutical Corp)

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EXECUTIVE'S TERMINATION WITHOUT GOOD REASON. If the Executive terminates employment without Good Reason (as defined in Section 9.4 hereof) at any time prior to the end of the Term, Executive shall be entitled to receive from the Corporation payment of any unpaid accrued Base Salary earned through the date of termination. All other In the event of such termination, all obligations of the Corporation hereunder shall terminate on the date of termination and the Executive's termination without Good Reason shall act as a waiver of all claims to compensation which might would have otherwise have accrued after the date of termination.

Appears in 3 contracts

Samples: Employment Agreement (Flemington Pharmaceutical Corp), Employment Agreement (Flemington Pharmaceutical Corp), Employment Agreement (Flemington Pharmaceutical Corp)

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