Common use of Termination by the Company Without Cause or by the Employee with Good Reason Clause in Contracts

Termination by the Company Without Cause or by the Employee with Good Reason. The Company may terminate the employment of Employee for any reason other than those for Cause, in which event such termination shall be deemed a "Termination Without Cause." In addition, the Employee shall have the right to terminate this Agreement for any material breach of this Agreement by the Company, which shall include but not be limited to materially changing the duties assigned to Employee beyond those contemplated in Section 2 of this Agreement or causing Employee to relocate his primary residence in violation of Section 2 of this Agreement; provided that the Company shall be furnished ten (10) days notice of such breach and an opportunity to cure (any such termination constituting a "Termination By Employee With Good Reason"). Notwithstanding the cure provisions provided in the preceding sentence, the Employer shall not have the opportunity to cure any violation of this Agreement if such violation cannot reasonably be expected to be cured but the Employee shall still furnish notice to the Company. In the event of a Termination Without Cause or a Termination with Good Reason by the Employee, the Company shall continue making payments to Employee, but at a salary level equal to the Division President portion of Employee's compensation only, as set forth in Section 4 of this Agreement, for a period equal to the lesser of (i) one (1) year, or (ii) the remaining term of this Agreement, which amount, in the event of a Termination Without Cause or a Termination By Employee With Good Reason, shall constitute the full and total amount of liquidated damages that the Employee shall be entitled to receive from the Company and its Affiliates for any contractual or tort claims arising out of his employment relationship with the Company.

Termination by the Company Without Cause or by the Employee with Good Reason. The Company may not terminate the employment of Employee for any reason other than those for Cause during the first year of the Employment Term. After such time, the Company may terminate the employment of Employee for any reason other than those for Cause, in which event such termination shall be deemed a "Termination Without Cause.," provided that the Employee shall be furnished thirty (30) days notice of the reason for such termination and an opportunity to cure within the thirty-day period. Notwithstanding the cure provisions provided in the preceding sentence, the Employee shall not have the opportunity to cure the reason for such termination if such reason cannot reasonably be expected to be cured but the Company shall still furnish notice to the Employee. In addition, the Employee shall have the right to terminate this Agreement for any material breach of this Agreement by the Company, which shall include but not be limited to materially changing the duties assigned to Employee beyond those contemplated in Section 2 of this Agreement or causing Employee to relocate his primary residence in violation of Section 2 of this Agreement; provided that the Company shall be furnished ten thirty (1030) days notice of such breach and an opportunity to cure (any such termination constituting a "Termination By Employee With Good Reason"). Notwithstanding the cure provisions provided in the preceding sentence, the Employer Company shall not have the opportunity to cure any violation of this Agreement if such violation cannot reasonably be expected to be cured but the Employee shall still furnish notice to the Company. In the event of a Termination Without Cause or a Termination with Good Reason by the EmployeeEmployee after the end of the first year of the Employment Term, the Company shall continue making payments to Employee, but at a salary level Employee in an amount equal to the Division President portion compensation of the Employee's compensation only, as set forth determined in Section 4 of this Agreement, as if he were still employed for a period equal to the lesser of (i) one twenty-four (124) yearmonths, or (ii) the remaining term of this Agreement, which amount, in . In the event of a Termination Without Cause or a Termination By Employee With Good ReasonReason after the end of the first year of the Employment Term, the amounts referred to in the preceding sentence shall constitute the full and total amount of liquidated damages that the Employee shall be entitled to receive from the Company and its Affiliates for any contractual or tort claims arising out of his employment relationship with the Company.

Termination by the Company Without Cause or by the Employee with Good Reason. The Company may terminate the employment of Employee for any reason other than those for Cause, in which event such termination shall be deemed a "Termination Without Cause." In addition, the Employee shall have the right to terminate this Agreement for any material breach of this Agreement by the Company, which shall include but not be limited to materially changing the duties assigned to Employee beyond those contemplated in Section 2 of this Agreement or causing Employee to relocate his primary residence outside of the area set forth in violation of Section 2 of this Agreement; provided that the Company shall be furnished ten (10) days notice of such breach and an opportunity to cure (any such termination constituting a "Termination By Employee With Good Reason"). Notwithstanding the cure provisions provided in the preceding sentence, the Employer Company shall not have the opportunity to cure any violation of this Agreement if such violation cannot reasonably be expected to be cured but the Employee shall still furnish notice to the Company. In the event of a Termination Without Cause or a Termination with Good Reason by the Employee, Employee the Company shall continue making payments to Employee, but at a salary level Employee in an amount equal to the Division President portion compensation of the Employee's compensation only, as set forth determined in Section 4 of this Agreement, as if he was still employed for a period equal to the lesser of (i) one (1) year, or (ii) the remaining term of this Agreement, which amount, in the event of a Termination Without Cause or a Termination By Employee With Good Reason, shall constitute the full and total amount of liquidated damages that the Employee shall be entitled to receive from the Company and its Affiliates for any contractual or tort claims arising out of his employment relationship with the Company.

Termination by the Company Without Cause or by the Employee with Good Reason. The Company may terminate the employment of Employee for any reason other than those for Cause, in which event such termination shall be deemed a "Termination Without Cause." In addition, the Employee shall have the right to terminate this Agreement for any material breach of this Agreement by the Company, which shall include but not be limited to materially changing the duties assigned to Employee beyond those contemplated in Section 2 of this Agreement or causing Employee to relocate his her primary residence (or to spend an inordinate number of days) outside of the area set forth in violation of Section 2 of this AgreementAgreement (it being understood that the Employee may be required to periodically travel outside of such area to oversee businesses whose Net Profits are included in her bonus calculation); provided that the Company shall be furnished ten thirty (1030) days notice of such breach and an opportunity to cure (any such termination constituting a "Termination By Employee With Good Reason"). Notwithstanding the cure provisions provided in the preceding sentence, the Employer Company shall not have the opportunity to cure any violation of this Agreement if such violation cannot reasonably be expected to be cured but the Employee shall still furnish notice to the Company. In the event of a Termination Without Cause or a Termination with Good Reason by the Employee, Employee the Company shall continue making payments to Employee, but at a salary level Employee in an amount equal to the Division President portion compensation of the Employee's compensation only, as set forth determined in Section 4 of this Agreement, as if she was still employed for a period equal to the lesser of (i) one (1) year, or (ii) the remaining term of this Agreement, which amount, in the event of a Termination Without Cause or a Termination By Employee With Good Reason, shall constitute the full and total amount of liquidated damages that the Employee shall be entitled to receive from the Company and its Affiliates for any contractual or tort claims arising out of his her employment relationship with the Company.

Termination by the Company Without Cause or by the Employee with Good Reason. The Company may terminate the employment of Employee for any reason other than those for Cause, in which event such termination shall be deemed a "Termination Without Cause." In addition, the Employee shall have the right to terminate this Agreement for any material breach of this Agreement by the Company, Company which shall include but not be limited to materially changing the duties assigned to Employee Employees beyond those contemplated in Section paragraph 2 of this Agreement or causing Employee to relocate his primary residence in violation of Section paragraph 2 of this Agreement; provided that the Company shall be furnished ten (10) days notice of such breach and an opportunity to cure (cure, any such termination constituting a "Termination By Employee With with Good Reason"). Notwithstanding the cure provisions provided in the preceding sentence, the Employer Company shall not have the opportunity to cure any violation of this Agreement if such violation cannot reasonably be expected to be cured but cured. In such event, the Employee shall still be required to furnish the Company notice of the violation, but the Company shall not be furnished an opportunity to the Companycure. In the event of a Termination Without Cause or a Termination with Good Reason by the EmployeeReason, the Company shall continue making payments to Employee, but at a salary level Employee in an amount equal to the Division President portion compensation of the Employee's compensation only, as set forth determined in Section 4 of this Agreement, as if he was still employed for a period equal to of the lesser of of: (i) one (1) yearyear from the date of such termination, or (ii) the remaining term of this Agreement, Agreement which amount, in the event of a Termination Without Cause or a Termination By Employee With Good Reason, shall constitute the full and total amount of liquidated damages that the Employee shall be entitled to receive from the Company and its Affiliates for any contractual or tort claims arising out of his employment relationship with the Company.

Termination by the Company Without Cause or by the Employee with Good Reason. The Company may terminate the employment of Employee for any reason other than those for Cause, in which event such termination shall be deemed a "Termination Without Cause." In addition, the Employee shall have the right to terminate this Agreement for any material breach of this Agreement by the Company, which shall include but not be limited to materially changing the duties assigned to Employee beyond those contemplated in Section 2 of this Agreement or causing requiring the Employee to relocate his primary residence in violation outside of Section 2 of this Agreementthe Houston, Texas area; provided that the Company shall be furnished ten (10) days notice of such breach and an opportunity to cure (any such termination constituting a "Termination By Employee With Good Reason"). Notwithstanding the cure provisions provided in the preceding sentence, the Employer Company shall not have the opportunity to cure any violation of this Agreement if such violation cannot reasonably be expected to be cured cured, but the Employee shall still furnish notice to the CompanyCompany of such violation. In the event of a Termination Without Cause or a Termination with Good Reason by the Employee, the Company shall continue making payments to Employee, but at a salary level Employee in an amount equal to the Division President portion compensation of the Employee's compensation only, as set forth determined in Section 4 of this Agreement, as if he was still employed for a period equal to the lesser of (i) one (1) year, or (ii) the remaining term of this Agreement, which amount, in the event of a Termination Without Cause or a Termination By Employee With Good Reason, shall constitute the full and total amount of liquidated damages that the Employee shall be entitled to receive from the Company and its Affiliates for any contractual or tort claims arising out of his employment relationship with the Company.