Common use of Termination by the Employee by the Company for other than Cause Clause in Contracts

Termination by the Employee by the Company for other than Cause. Upon termination of Employee’s employment prior to the expiration of the Term by the Company without Cause or by Employee for Good Reason then: (i) the Company shall continue to pay Employee the Base Salary through the longer of the end of the Term over the course of the then remaining Term plus 12 months in accordance with the Company’s payroll and payment practices plus an amount equal to the premiums charged by the Company to maintain COBRA benefits continuation coverage for Employee and his eligible dependents to the extent such coverage is then in place; (ii) the Company shall pay Employee within 30 days of the date of such termination in a lump sum in cash any accrued obligations.

Appears in 4 contracts

Samples: Employment Agreement (Canbiola, Inc.), Employee Services Agreement (Canbiola, Inc.), Employment Agreement (Canbiola, Inc.)

AutoNDA by SimpleDocs

Termination by the Employee by the Company for other than Cause. Upon termination of Employee’s 's employment prior to the expiration of the Term by the Company without Cause or by Employee for Good Reason then: (i) the Company shall continue to pay Employee the Base Salary through the longer of the end of the Term over the course of the then remaining Term plus 12 months in accordance with the Company’s payroll and payment practices plus an amount equal to the premiums charged by the Company to maintain COBRA benefits continuation coverage for Employee and his eligible dependents to the extent such coverage is then in place; (ii) the Company shall pay Employee within 30 days of the date of such termination in a lump sum in cash any accrued obligations.

Appears in 1 contract

Samples: Employment Agreement (Canbiola, Inc.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!