Termination by the Board with Cause. If the Employee's employment is terminated by the Board with Cause under Section 7(c) above, then the Company shall pay to the Employee, within thirty (30) days of his termination date, (i) his then current Base Salary through the termination date, and (ii) any accrued but unused vacation days as of the termination date. Thereafter, the Company shall have no further obligations to the Employee.
Appears in 3 contracts
Samples: Employment Agreement (Rexahn Pharmaceuticals, Inc.), Employment Agreement (Rexahn Pharmaceuticals, Inc.), Employment Agreement (Rexahn Pharmaceuticals, Inc.)
Termination by the Board with Cause. If the Employee's employment is terminated by the Board with Cause under Section 7(c) above, then the Company shall pay to the Employee, within thirty (30) days of his termination date, (i) his then current Base Salary (i) through the termination date, and (ii) for any accrued but unused vacation days as of the termination date. Thereafter, the Company shall have no further obligations to the Employee.
Appears in 1 contract
Samples: Employment Agreement (Rexahn Pharmaceuticals, Inc.)
