Common use of Termination for Cause By Company or A Voluntary Resignation By Consultant Without Good Reason Clause in Contracts

Termination for Cause By Company or A Voluntary Resignation By Consultant Without Good Reason. Upon the termination of the Consulting Period for Cause or a Voluntary Resignation by Consultant without Good Reason: (i) the Consultant shall repay to the Company such percentage of the Consulting Fee, if any, representing any excess Consulting Fee paid to Consultant by the Company (determined by calculating the percentage of the five year Consulting Period completed as of the date of such termination as compared to the percentage of the five years of Consulting Fee paid to Consultant as of such date); (ii) the right to an office and assistant and to private air travel shall terminate at the time of such termination; and (iii) health benefits will be governed by COBRA to the extent permitted by law. The Company will promptly pay to Consultant any incurred but unpaid or unreimbursed Expenses.

Appears in 4 contracts

Samples: Consulting Agreement (Energy Transfer Equity, L.P.), Consulting Agreement (Energy Transfer Equity, L.P.), Consulting Agreement (Southern Union Co)

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