Common use of Termination As Result of Voluntary or Good Cause Termination Events Clause in Contracts

Termination As Result of Voluntary or Good Cause Termination Events. If the Executive's employment hereunder is terminated prior to its expiration as a result of the occurrence of a Voluntary Termination Event or a Good Cause Termination Event, as of the date of the termination of Executive's employment hereunder, the Company shall have no further obligation to pay to the Executive any Base Salary, Bonus or any other benefits pursuant to this Agreement. If such termination occurs prior to the end of any pay period, the Executive shall be entitled to receive a portion of the Base Salary for such pay period prorated to the date on which the Executive's employment is terminated.

Appears in 5 contracts

Samples: Employment Agreement (Dan River Inc /Ga/), Employment Agreement (Dan River Inc /Ga/), Employment Agreement (Dan River Inc /Ga/)

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