Common use of Resignation or Retirement Clause in Contracts

Resignation or Retirement. The Executive may terminate this Agreement and the Executive's employment with the Corporation at any time by giving thirty (30) days written notice of termination to the Corporation, even if the Executive does not do so for Good Reason, and the Corporation shall have no further obligation to the Executive under this Agreement or pursuant to the Executive's employment, and no other compensation shall be payable to the Executive after the expiry of the said notice.

Appears in 3 contracts

Samples: Executive Employment Agreement (Hemisphere Energy Corp), Executive Employment Agreement (Hemisphere Energy Corp), Executive Employment Agreement (Hemisphere Energy Corp)

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Resignation or Retirement. The Executive may may, without Good Reason, terminate this Agreement and the Executive's ’s employment with the Corporation Company at any time by giving thirty (30) days written notice of termination to the CorporationCompany, even if and this Agreement and the employment of the Executive does not do so for Good Reasonshall terminate automatically in the event of the Executive’s death or mental or physical incapacity to discharge his duties and obligations hereunder, and in any of the Corporation foregoing circumstances of termination, the Company shall have no further obligation to the Executive under this Agreement or pursuant to the Executive's ’s employment, and no not other compensation shall be payable to the Executive after the expiry of the said noticetermination.

Appears in 2 contracts

Samples: Executive Employment Agreement (Niska Gas Storage Partners LLC), Executive Employment Agreement (Niska Gas Storage Partners LLC)

Resignation or Retirement. The Executive may terminate this Agreement and the Executive's ’s employment with the Corporation at any time by giving thirty ninety (3090) days written notice of termination to the Corporation, even if the Executive does not do so for Good Reason, and the Corporation shall have no further obligation to the Executive under this Agreement or pursuant to the Executive's ’s employment, and no other compensation shall be payable to the Executive after the expiry of the said notice.

Appears in 1 contract

Samples: Executive Employment Agreement (Hemisphere Energy Corp)

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Resignation or Retirement. The In the event that the Executive may terminate terminates this Agreement and the Executive's ’s employment with the Corporation at Company without Good Reason in order to retire or for any time by giving other reason, the Executive shall provide thirty (30) days written notice of termination to the Corporation, even if the Executive does not do so for Good Reason, Company and the Corporation Company shall have no further obligation to the Executive under this Agreement or pursuant to the Executive's employment’s employment aside from any vested equity-based awards (including, without limitation, the Grant and any LTIP awards), and no notice or pay in lieu of notice or other compensation shall be payable to the Executive after termination, other than the expiry of the said noticeAccrued Obligations.

Appears in 1 contract

Samples: Executive Employment Agreement (Niska Gas Storage Partners LLC)

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