Obligations of the Company Upon Termination of Employment. (a) Expiration of Term and Nonrenewal by Executive, By the Company for Cause or by Executive without Good Reason. If Executive’s employment shall be terminated (i) due to and upon expiration of the Term of this Agreement because Executive shall have given written notice not to extend the Employment Period pursuant to Section 2(a), (ii) by the Company for Cause or (ii) by Executive without Good Reason, then the Company shall pay Executive his Base Salary (at the rate in effect at the time Notice of Termination is given) through the Date of Termination within 30 days after the Date of Termination, and the Company shall have no additional obligations to Executive under this Agreement.
Appears in 5 contracts
Samples: Executive Employment and Non Competition Agreement (Northstar Realty), Executive Employment and Non Competition Agreement (Northstar Realty), Executive Employment and Non Competition Agreement (Northstar Realty)
Obligations of the Company Upon Termination of Employment. (a) Expiration of Term and Nonrenewal by Executive, By the Company for Cause or by Executive without Good Reason. If Executive’s employment shall be terminated (i) due to and upon expiration of the Term of this Agreement because Executive shall have given written notice not to extend the Employment Period pursuant to Section 2(a), (ii) by the Company for Cause or (ii) by Executive without Good Reason, then the Company shall pay Executive his her Base Salary (at the rate in effect at the time Notice of Termination is given) through the Date of Termination within 30 days after the Date of Termination, and and, except as provided in Section 2(f), the Company shall have no additional obligations to Executive under this Agreement.
Appears in 1 contract
Obligations of the Company Upon Termination of Employment. (a) Expiration of Term and Nonrenewal by Executive, By the Company for Cause or by Executive without Good Reason. If Executive’s employment shall be terminated (i) due to and upon expiration of the Term of this Agreement because Executive shall have given written notice not to extend the Employment Period pursuant to Section 2(a), (ii) by the Company for Cause or (ii) by Executive without Good Reason, then the Company shall pay Executive his Base Salary (at the rate in effect at the time Notice of Termination is given) through the Date of Termination within 30 days after the Date of Termination, and and, except as provided in Section 2(f), the Company shall have no additional obligations to Executive under this Agreement.
Appears in 1 contract
Samples: Executive Employment Agreement (Northstar Realty Finance Corp.)
