Common use of Termination by the Company for Cause or by Executive Without Good Reason Clause in Contracts

Termination by the Company for Cause or by Executive Without Good Reason. (a) The Company shall have the right to immediately terminate the employment of Executive under this Agreement for Cause, and Executive shall have the right to terminate his employment under this Agreement without Good Reason upon 90 days prior written notice to the Company. In the event that Executive’s employment is terminated by the Company for Cause or by Executive without Good Reason, notwithstanding any other provision in this Agreement, Executive shall be entitled only to the Compensation Payment, the Vacation Payment, and the Expense Payment, and shall not be entitled to any further compensation or benefits hereunder including, without limitation, the payment of any bonus in respect of all or any portion of the fiscal year in which such termination occurs.

Appears in 6 contracts

Samples: Employment Agreement (Medcath Corp), Employment Agreement (Medcath Corp), Employment Agreement (Medcath Corp)

AutoNDA by SimpleDocs

Termination by the Company for Cause or by Executive Without Good Reason. (a) The Company shall have the right to immediately terminate the employment of Executive under this Agreement for Cause, and Executive shall have the right to terminate his employment under this Agreement without Good Reason upon 90 days prior written notice to the Company. In the event that Executive’s 's employment is terminated by the Company for Cause Cause, as hereinafter defined, or by Executive without Good Reason (other than as a result of the Executive's Permanent Disability, death or for Good Reason), notwithstanding any other provision in this Agreement, the Executive shall be entitled only to the Compensation Payment, the Vacation Payment, and the Expense Payment, and shall not be entitled to any further compensation or benefits hereunder including, without limitation, the payment of any bonus Bonus in respect of all or any portion of the fiscal year in which such termination occurs.

Appears in 1 contract

Samples: Employment Agreement (Western Multiplex Corp)

AutoNDA by SimpleDocs

Termination by the Company for Cause or by Executive Without Good Reason. (a) The Company shall have the right to immediately terminate the employment of Executive under this Agreement for Cause, and Executive shall have the right to terminate his her employment under this Agreement without Good Reason upon 90 days prior written notice to the Company. In the event that Executive’s employment is terminated by the Company for Cause or by Executive without Good Reason, notwithstanding any other provision in this Agreement, Executive shall be entitled only to the Compensation Payment, the Vacation Payment, and the Expense Payment, and shall not be entitled to any further compensation or benefits hereunder including, without limitation, the payment of any bonus in respect of all or any portion of the fiscal year in which such termination occurs.

Appears in 1 contract

Samples: Employment Agreement (Medcath Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.