Suspension for Cause. Company may, by written notice to Executive, suspend the employment of Executive only for Cause. If Company exercises such right of suspension, Executive's obligation to render services, but not Company's obligation to pay Executive's Base Salary, shall be suspended for the period of time set forth in the notice; but in no event shall such suspension exceed a period of time equal to 3 consecutive months. Company may, in its reasonable discretion by written notice, terminate the employment of Executive at the expiration of the suspension period.
Appears in 5 contracts
Samples: Executive Employment Agreement (Location Based Technologies, Inc.), Executive Employment Agreement (Location Based Technologies, Inc.), Executive Employment Agreement (Location Based Technologies, Inc.)
Suspension for Cause. Company may, by written notice to Executive, suspend the employment of Executive only for Cause. If Company exercises such right of suspension, Executive's ’s obligation to render services, but not Company's ’s obligation to pay Executive's ’s Base Salary, shall be suspended for the period of time set forth in the notice; but in no event shall such suspension exceed a period of time equal to 3 three (3) consecutive months. Company may, in its reasonable discretion by written notice, terminate the employment of Executive at the expiration of the suspension period.
Appears in 3 contracts
Samples: Executive Employment Agreement (Location Based Technologies, Inc.), Executive Employment Agreement (Location Based Technologies, Inc.), Executive Employment Agreement (Location Based Technologies, Inc.)
Suspension for Cause. Company may, by written notice to Executive, suspend the employment of Executive only for Cause. If Company exercises such right of suspension, Executive's ’s obligation to render services, but not Company's ’s obligation to pay Executive's ’s Base Salary, shall be suspended for the period of time set forth in the notice; but in no event shall such suspension exceed a period of time equal to 3 consecutive months. Company may, in its reasonable discretion by written notice, terminate the employment of Executive at the expiration of the suspension period.
Appears in 3 contracts
Samples: Executive Employment Agreement (Springbank Resources, Inc.), Executive Employment Agreement (Springbank Resources, Inc.), Executive Employment Agreement (Springbank Resources, Inc.)
Suspension for Cause. Company may, by written notice to Executive, suspend the employment of Executive only for Cause. If Company exercises such right of suspension, Executive's obligation to render services, but not and the Company's obligation to pay Executive's Base Salary, shall be suspended for the period of time set forth in the notice; but in no event shall such suspension exceed a period of time equal to 3 consecutive months. Company may, in its reasonable discretion by written notice, terminate the employment of Executive at the expiration of or during the suspension period.
Appears in 2 contracts
Samples: Executive Employment Agreement (Location Based Technologies, Inc.), Executive Employment Agreement (Location Based Technologies, Inc.)