Common use of Right Upon Dismissal Clause in Contracts

Right Upon Dismissal. The Executive shall be entitled to a payment from the Corporation in the amount calculated in accordance with subsection 2.01(a) hereof, subject to the monetary limitations set out in Article 4, below, if the Executive is dismissed from his employment with the Corporation prior to the Expiry Date for any reason other than Cause, death or Disability of the Executive. The Corporation shall not dismiss the Executive for any reason unless such dismissal is specifically approved by the board of directors of the Corporation.

Appears in 43 contracts

Samples: Agreement (Metallic Ventures Gold Inc), Agreement (Metallic Ventures Gold Inc), Agreement (Metallic Ventures Gold Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!