Common use of Termination by the Company for Cause and Termination by Executive Other Than For Good Reason Clause in Contracts

Termination by the Company for Cause and Termination by Executive Other Than For Good Reason. In accordance with the provisions of this Section 7(a), the Company may terminate the employment of Executive as Chief Executive Officer for Cause at any time prior to a Change in Control, and Executive may terminate his employment as Chief Executive Officer voluntarily for reasons other than Good Reason (as defined in Section 8(d)) at any time. Upon Termination of Employment by the Company for Cause or by the Executive for reasons other than Good Reason, the Term will immediately terminate, and all obligations of the Company and Executive under Sections 1 through 5 of this Agreement will immediately cease; provided, however, that the Company shall pay Executive, and Executive shall be entitled to receive, the following:

Appears in 8 contracts

Samples: Employment Agreement (Confederate Motors, Inc.), Employment Agreement (Med Control), Employment Agreement (Med Control)

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Termination by the Company for Cause and Termination by Executive Other Than For Good Reason. In accordance with the provisions of this Section 7(a), the Company may terminate the employment of Executive as Chief Executive Officer for Cause at any time prior to a Change in Control, and Executive may terminate his employment as Executive as Chief Financial Officer/Executive Officer Vice President voluntarily for reasons other than Good Reason (as defined in Section 8(d)) at any time. Upon Termination of Employment by the Company for Cause or by the Executive for reasons other than Good Reason, the Term will immediately terminate, and all obligations of the Company and Executive under Sections 1 through 5 of this Agreement will immediately cease; provided, however, that the Company shall pay Executive, and Executive shall be entitled to receive, the following:

Appears in 1 contract

Samples: Confederate (Confederate Motors, Inc.)

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