Common use of PAYMENT OF BENEFITS UPON TERMINATION FOR CAUSE Clause in Contracts

PAYMENT OF BENEFITS UPON TERMINATION FOR CAUSE. If the Termination is for Cause, the Company will have the right to withhold all payments other than what is accrued and owing with respect to base salary, unreimbursed reasonable business expenses and under the terms of any employee benefit plan maintained by the Company.

Appears in 7 contracts

Samples: Confidentiality Agreement, Confidentiality Agreement (Seahawk Drilling, Inc.), Confidentiality Agreement (Seahawk Drilling, Inc.)

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PAYMENT OF BENEFITS UPON TERMINATION FOR CAUSE. If the Termination termination of Employee is for Cause, the Company will have the right to withhold all payments other than what is accrued and owing with respect to base salary, unreimbursed reasonable business expenses and under the terms of any employee benefit plan maintained by the Company.

Appears in 4 contracts

Samples: Confidentiality Agreement (Pride International Inc), Confidentiality Agreement (Pride SpinCo, Inc.), Confidentiality Agreement (Pride SpinCo, Inc.)

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