NONCOMPETITION PAYMENTS. Upon termination of Executive's employment with Company for any reason pursuant to this Agreement, Company shall pay to Executive , in addition to amounts otherwise payable herein, (a) a single lump sum payment equal to six (6) months of Base
Appears in 3 contracts
Samples: Executive Employment Agreement (Dailey Petroleum Services Corp), Executive Employment Agreement (Dailey Petroleum Services Corp), Executive Employment Agreement (Dailey Petroleum Services Corp)
NONCOMPETITION PAYMENTS. Upon termination of Executive's employment with Company for any reason pursuant to this Agreement, Company shall pay to Executive , in addition to amounts otherwise payable herein, (a) a single lump sum payment equal to six (6) months of BaseBase Salary, and (b) twelve (12) monthly installments equal to his monthly Base Salary, as defined in Section 2.1, ("NonCompetition Payments"), provided that:
Appears in 1 contract
Samples: Executive Employment Agreement (Dailey Petroleum Services Corp)
