Common use of Termination for Cause or Voluntary Termination Without Good Reason Clause in Contracts

Termination for Cause or Voluntary Termination Without Good Reason. If Employee’s employment terminates by the Company for Cause or by Employee without Good Reason, Employee shall be paid Employee’s then current salary earned through the date of termination, in addition to any accrued, but unused vacation, and Employee shall be reimbursed for any business expenses incurred by Employee in accordance with Section 5, above. Employee shall be entitled to no further compensation or benefits.

Appears in 3 contracts

Samples: Employment Agreement (Skechers Usa Inc), Employment Agreement (Skechers Usa Inc), Employment Agreement (Skechers Usa Inc)

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Termination for Cause or Voluntary Termination Without Good Reason. If Employee’s employment terminates by the Company for Cause or by Employee without Good Reason, Employee shall be paid Employee’s then current salary earned through the date Date of terminationTermination, in addition to any accrued, but unused vacation, and Employee shall be reimbursed for any business expenses incurred by Employee in accordance with Section 5, above. Employee shall be entitled to no further compensation or benefits.

Appears in 2 contracts

Samples: Employment Agreement (Skechers Usa Inc), Employment Agreement (Skechers Usa Inc)

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