Common use of SEVERANCE COMPENSATION IN THE EVENT OF A TERMINATION OTHER THAN FOR CAUSE Clause in Contracts

SEVERANCE COMPENSATION IN THE EVENT OF A TERMINATION OTHER THAN FOR CAUSE. In the event the Consultant's employment is terminated in a Termination Other Than for Cause, the Consultant shall be paid as Severance Compensation his Base Salary (at the rate payable at the time of such termination), for a period of twelve (12) months from the date of such termination, on the dates specified in Section 3.1.

Appears in 7 contracts

Samples: Consulting Agreement (International Gold Corp.), Consulting Agreement (International Gold Corp.), Consulting Agreement (Texen Oil & Gas Inc)

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