Common use of Termination Notice and Procedure Clause in Contracts

Termination Notice and Procedure. Any termination by the Company or the Executive of the Executive's employment during the Employment Period shall be communicated by written Notice of Termination to the Executive, if such Notice of Termination is delivered by the Company, and to the Company, if such Notice of Termination is delivered by the Executive, all in accordance with the following procedures: (a) The Notice of Termination shall indicate the date the termination is to be effective and the reason for the termination; (b) Any Notice of Termination by the Company shall be approved by a resolution duly adopted by a majority of the directors of the Company then in office;

Appears in 2 contracts

Samples: Employment Agreement (American Sands Energy Corp.), Employment Agreement (American Sands Energy Corp.)

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Termination Notice and Procedure. Any termination by the Company or the Executive of the Executive's employment during the Employment Period shall be communicated by written Notice of Termination to the Executive, if such Notice of Termination is delivered by the Company, and to the Company, if such Notice of Termination is delivered by the Executive, all in accordance with the following procedures: (a) The Notice of Termination shall indicate the date the termination is to be effective and the reason for the termination; (b) Any Notice of Termination by the Company shall be approved by a resolution duly adopted by a majority of the directors of the Company then in office;; Cxxxxxx employment 4

Appears in 1 contract

Samples: Employment Agreement (American Sands Energy Corp.)

Termination Notice and Procedure. Any termination by the Company or the Executive of the Executive's employment during the Employment Period shall be communicated by written Notice of Termination to the Executive, if such Notice of Termination is delivered by the Company, and to the Company, if such Notice of Termination is delivered by the Executive, all in accordance with the following procedures:: Rxxxxxxxx employment 4 (a) The Notice of Termination shall indicate the date the termination is to be effective and the reason for the termination; (b) Any Notice of Termination by the Company shall be approved by a resolution duly adopted by a majority of the directors of the Company then in office;

Appears in 1 contract

Samples: Employment Agreement (American Sands Energy Corp.)

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Termination Notice and Procedure. Any termination by the Company or the Executive of the Executive's employment during the Employment Period shall be communicated by written Notice of Termination to the Executive, Executive if such Notice of Termination is delivered by the Company, Company and to the Company, Company if such Notice of Termination is delivered by the Executive, all in accordance with the following procedures: (a) The Notice of Termination shall indicate the date specific termination provision in this Agreement relied upon and shall set forth in reasonable detail the termination is facts and circumstances alleged to be effective and the reason provide a basis for the termination; (b) Any Notice of Termination by the Company shall be approved by a resolution duly adopted by a majority of the directors of the Company then in office;

Appears in 1 contract

Samples: Executive Severance Agreement (Tripos Inc)

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