For Cause or Without Good Reason. In the event Employee’s employment is terminated by the Company for Cause or by the Employee without Good Reason, Employee shall be entitled to receive (i) Employee’s full Base Salary through the Date of Termination at the rate then in effect, (ii) reimbursement of any expenses to the extent such amounts have accrued through the Date of Termination, and (iii) such employee benefits, if any, as to which Employee may be entitled pursuant to the terms governing such benefits (such amounts set forth in (i), (ii) and (iii) shall be collectively referred to herein as the “Accrued Rights”).
Appears in 20 contracts
Samples: Employment Agreement (Clayton Williams Energy Inc /De), Employment Agreement (Clayton Williams Energy Inc /De), Employment Agreement (Clayton Williams Energy Inc /De)
For Cause or Without Good Reason. In the event Employee’s employment is terminated by the Company for Cause or by the Employee without Good Reason, Employee shall be entitled to receive (i) Employee’s full Base Salary through the Date of Termination at the rate then in effect, (ii) reimbursement of any expenses to the extent such amounts have accrued through the Date of Termination, (iii) pay for accrued but unused vacation existing as of the Date of Termination, and (iiiiv) such employee benefits, if any, as to which Employee may be entitled pursuant to the terms governing such benefits (such amounts set forth in (i), (ii), (iii) and (iiiiv) shall be collectively referred to herein as the “Accrued Rights”).
Appears in 10 contracts
Samples: Employment Agreement (Clayton Williams Energy Inc /De), Employment Agreement (Clayton Williams Energy Inc /De), Employment Agreement (Clayton Williams Energy Inc /De)
For Cause or Without Good Reason. In the event Employee’s 's employment is terminated by the Company for Cause or by the Employee without Good Reason, Employee shall be entitled to receive (i) Employee’s 's full Base Salary through the Date of Termination at the rate then in effect, (ii) reimbursement of any expenses to the extent such amounts have accrued through the Date of Termination, and (iii) such employee benefits, if any, as to which Employee may be entitled pursuant to the terms governing such benefits (such amounts set forth in (i), (ii) and (iii) shall be collectively referred to herein as the “Accrued Rights”).
Appears in 3 contracts
Samples: Employment Agreement (Clayton Williams Energy Inc /De), Employment Agreement (Clayton Williams Energy Inc /De), Employment Agreement (Clayton Williams Energy Inc /De)