Common use of RIGHTS OF EMPLOYEE UPON TERMINATION Clause in Contracts

RIGHTS OF EMPLOYEE UPON TERMINATION. (A) HPI may terminate Employee "Without Cause" at any time upon giving written notice to Employee. HPI shall then pay Employee "Severance Pay" equal to Employee's Base Salary and benefits in accordance with the paragraphs of Article 4 above for the remaining term of this Agreement until the Termination Date or for one year whichever period is longer. "

Appears in 3 contracts

Samples: Employment Agreement (Hawker Pacific Aerospace), Employment Agreement (Hawker Pacific Aerospace), Employment Agreement (Hawker Pacific Aerospace)

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RIGHTS OF EMPLOYEE UPON TERMINATION. (A) HPI may terminate Employee "Without Cause" at any time upon giving written notice to Employee. HPI shall then pay Employee "Severance Pay" equal to Employee's Base Salary and benefits in accordance with the paragraphs of Article 4 above for the remaining term of this Agreement until the Termination Date or for one year two years whichever period is longer. "

Appears in 1 contract

Samples: Employment Agreement (Hawker Pacific Aerospace)

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