Common use of Resignation for Good Cause Clause in Contracts

Resignation for Good Cause. The Executive may resign on two weeks’ written notice (the end of such notice also being the “Termination Date”) for “Good Cause” (as defined below), in which event the Company shall be obligated to pay the Executive, on the Termination Date, an amount equal to two times the Annual Salary, less lawful deductions.

Appears in 6 contracts

Samples: Employment Agreement (Fischer Watt Gold Co Inc), Stock Purchase Agreement (Fischer Watt Gold Co Inc), Employment Agreement (Westmountain Index Advisor Inc)

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Resignation for Good Cause. The Executive may resign on two weeks' written notice (the end of such notice also being the "Termination Date") for "Good Cause" (as defined below), in which event the Company shall be obligated to pay the Executive, on the Termination Date, an amount equal to two one times the Annual SalarySalary and if less than one year the severance amount will equal the salary of the number of months employed, less lawful deductions.

Appears in 1 contract

Samples: Employment Agreement (Westmountain Gold, Inc.)

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