Common use of Separation With Cause or Not For Good Reason Clause in Contracts

Separation With Cause or Not For Good Reason. If -------------------------------------------- the Employment Period is terminated by the Board with Cause or by the Executive without Good Reason, then the Executive shall be entitled to only receive his Annual Base Salary, bonuses and his fringe benefits pro rated through the effective date of termination.

Appears in 2 contracts

Samples: Senior Management Agreement (E2enet Inc), Senior Management Agreement (E2enet Inc)

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Separation With Cause or Not For Good Reason. If the -------------------------------------------- the Employment Period is terminated by the Board with Cause or by the Executive without Good Reason, then the Executive shall be entitled to only receive his Annual Base Salary, bonuses and his fringe benefits pro rated through the effective date of termination.

Appears in 2 contracts

Samples: Senior Management Agreement (E2enet Inc), Senior Management Agreement (E2enet Inc)

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Separation With Cause or Not For Good Reason. If the -------------------------------------------- the Employment Period is terminated by the Board Company with Cause or by the Executive without Good Reason, then the Executive shall be entitled to only receive his Annual Base Salary, bonuses and his fringe benefits pro rated through the effective date of termination. In addition, in the event the Employment Period is terminated by the Company with Cause or by the Executive without Good Reason, Executive hereby agrees to repay in full the $200,000 signing bonus (in the event the signing bonus has been paid).

Appears in 1 contract

Samples: Management Agreement (E2enet Inc)

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