Termination During Term. Notwithstanding anything to the contrary in Section 2 of this Agreement, Employee's employment under this Agreement may be terminated during the Term as set forth below: (a) Employer may terminate Employee's employment for Cause, in which case the parties' rights and obligations shall be as set forth in Section 5(a) below. (b) Employer may terminate Employee's employment in the absence of Cause and other than upon Employee's Retirement or Permanent Disability, in which case the parties' rights and obligations shall be as set forth in either Section 5(b) or (e) below, as applicable. (c) Employee's employment shall be terminated upon Employee's Permanent Disability, in which case the parties' rights and obligations shall be as set forth in Section 5(c) below. (d) Employee's employment shall be terminated upon Employee's Retirement, in which case the parties' rights and obligations shall be as set forth in Section 5(d) below. (e) In the event of a Change in Control of Employer, Employee may terminate Employee's employment (i) for any reason, for up to six months after the Change in Control of Employer, or (ii) for Good Reason, in which case the parties' rights and obligations shall be as set forth in Section 5(e) below. (f) Employee may terminate Employee's employment at any time for any reason not heretofore enumerated, in which case the parties' rights and obligations shall be as set forth in Section 5(f) below. (g) The following definitions shall apply for purposes of the early termination of the Term of this Agreement:
Appears in 4 contracts
Samples: Employment Agreement (Pillowtex Corp), Employment Agreement (Pillowtex Corp), Employment Agreement (Pillowtex Corp)
