Common use of For Due Cause Clause in Contracts

For Due Cause. If the Company has Due Cause (as defined below) to terminate the Employee’s employment, the Company will be entitled to terminate the Employee’s employment at any time by delivering written notice of that termination to the Employee, in which event (i) that termination will be effective immediately on the delivery of that notice, (ii) the Company will pay to the Employee his Base Salary accrued and unpaid to the date of that termination, and (iii) all the rights and benefits the Employee may have under any Company employee benefit plans or stock option awards, stock grant awards or other equity based incentive awards (“Equity Awards”) will be determined in accordance with the terms and conditions of those plans or Equity Awards.

Appears in 3 contracts

Samples: Employment Agreement (Omega Protein Corp), Employment Agreement (Omega Protein Corp), Employment Agreement (Omega Protein Corp)

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For Due Cause. If the Company has Due Cause (as defined below) to terminate the Employee’s 's employment, the Company will be entitled to terminate the Employee’s 's employment at any time by delivering written notice of that termination to the Employee, in which event (i) that termination will be effective immediately on the delivery of that notice, (ii) the Company will pay to the Employee his Base Salary accrued and unpaid to the date of that termination, and (iii) all the rights and benefits the Employee may have under any Company employee benefit plans or stock option awards, stock grant awards or other equity based incentive awards (“Equity Awards”) will be determined in accordance with the terms and conditions of those plans or Equity Awards.

Appears in 2 contracts

Samples: Employment Agreement (Omega Protein Corp), Employment Agreement (Omega Protein Corp)

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