Common use of Termination and Compensation Upon Termination Clause in Contracts

Termination and Compensation Upon Termination. 5.1 Notice and Date of Termination (a) Any termination of Executive's Employment by Company or Executive shall be communicated by a written notice to the other party (the "Notice of Termination"). The Notice of Termination shall indicate the specific termination provision in this Agreement that is applicable and is being relied upon, and shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of Employment under the provision so indicated.

Appears in 3 contracts

Samples: Employment Agreement (Samaritan Pharmaceuticals Inc), Employment Agreement (Samaritan Pharmaceuticals Inc), Employment Agreement (Samaritan Pharmaceuticals Inc)

AutoNDA by SimpleDocs

Termination and Compensation Upon Termination. 5.1 Notice and Date of TerminationTermination ------------------------------ (a) Any termination of Executive's Employment by Company or Executive shall be communicated by a written notice to the other party (the "Notice of Termination"). The Notice of Termination shall indicate the specific termination provision in this Agreement that is applicable and is being relied upon, and shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of Employment under the provision so indicated.

Appears in 2 contracts

Samples: Employment Agreement (Vitafort International Corp), Employment Agreement (Vitafort International Corp)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!