Severance Events. The Executive shall be entitled to the Severance Payment set forth in Section 1(c) upon the termination of the Executive's employment with the Company by either the Executive or the Company in the following circumstances: (i) resignation by the Executive for Good Reason; or (ii) termination of the Executive's employment by the Company other than for Cause. The date of the termination of the Executive's employment in such instances shall be fifteen (15) business days after the date written notice of resignation is tendered by the Executive to the Company or written notice of termination is tendered by the Company to the Executive, as applicable. Any such notice shall specify with reasonable particularity the basis for resignation or termination hereunder.
Appears in 7 contracts
Samples: Employee Severance Agreement (Acorn Products Inc), Employee Severance Agreement (Acorn Products Inc), Employee Severance Agreement (Acorn Products Inc)
