Common use of TERMINATION OF AGREEMENT BY EXECUTIVE Clause in Contracts

TERMINATION OF AGREEMENT BY EXECUTIVE. Executive may terminate this Agreement and his employment with the Company without Good Reason upon thirty (30) days prior written notice to the Company. Executive may be required to perform his job duties and will be paid his regular salary up to the date of the termination. At the option of the Company, the Company may require Executive to terminate employment upon receiving said thirty (30) days' notice from Executive of the termination of this Agreement. In such event, the Company will pay to Executive an amount equal to thirty (30) calendar days of his base salary. Executive will not be entitled to receive any other compensation or severance allowance under this Agreement.

Appears in 3 contracts

Samples: Employment Agreement (Merchantonline Com Inc), Employment Agreement (Merchantonline Com Inc), Employment Agreement (Merchantonline Com Inc)

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TERMINATION OF AGREEMENT BY EXECUTIVE. Executive may terminate this Agreement and his employment with the Company without Good Reason cause upon thirty (30) days prior written notice to the Company. Executive may be required to perform his job duties and will be paid his regular salary up to the date of the termination. At the option of the Company, the Company may require Executive to terminate employment upon receiving said thirty (30) days' notice from Executive of the termination of this Agreement. In such event, the Company will pay to Executive an amount equal to thirty (30) calendar days of his base salary. Executive will not be entitled to receive any other compensation or severance allowance under this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Merchantonline Com Inc), Employment Agreement (Merchantonline Com Inc)

TERMINATION OF AGREEMENT BY EXECUTIVE. Executive may terminate this Agreement and his employment with the Company without Good Reason cause upon thirty (30) days days' prior -------- ------------ BIG EXECUTIVE written notice to the Company. In such a case, Executive may be required to perform his job business duties and will be paid his regular salary up to the date of the termination. At the option of the Company, the Company may require Executive to terminate employment upon receiving said depart from the Company on the date the Company receives thirty (30) days' notice from Executive of the termination of this Agreement. In such event, the Company will pay to Executive an amount equal to thirty (30) calendar days of his base salary. Executive will not be entitled to receive in which case any other compensation or severance allowance under benefits described in Section 3 of this AgreementAgreement shall automatically terminate and be forfeited by Executive.

Appears in 1 contract

Samples: Employment Agreement (Big Entertainment Inc)

TERMINATION OF AGREEMENT BY EXECUTIVE. Executive may terminate this Agreement and his employment with the Company without Good Reason upon thirty Sixty (3060) days prior written notice to the Company. Executive may be required to perform his job duties and will be paid his regular salary up to the date of the termination. At the option of the Company, the Company may require Executive to terminate employment upon receiving said thirty Sixty (3060) days' notice from Executive of the termination of this Agreement. In such event, the Company will pay to Executive an amount equal to thirty Sixty (3060) calendar days of his base salarysalary and benefits. Executive will not be entitled to receive any other compensation or severance allowance under this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Fuelnation Inc)

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TERMINATION OF AGREEMENT BY EXECUTIVE. Executive may terminate this Agreement and his employment with the Company without Good Reason upon thirty (30) days prior written notice to the Company. Executive may be required to perform his job duties and will be paid his regular salary Base Salary up to the date of the termination. At the option of the Company, the Company may require Executive to terminate employment upon receiving said thirty (30) days' notice from Executive of the termination of this Agreement. In such event, the Company will pay to Executive an amount equal to thirty (30) calendar days of his base salaryBase Salary. Executive will not be entitled to receive any other compensation or severance allowance payment under this Agreement, although Executive shall immediately be entitled to all accrued and unpaid payments and benefits under Section 3.

Appears in 1 contract

Samples: Employment Agreement (Merchantonline Com Inc)

TERMINATION OF AGREEMENT BY EXECUTIVE. Executive may terminate this Agreement and his employment with the Company without Good Reason upon thirty sixty (3060) days prior written notice to the Company. Executive may be required to perform his job duties and will be paid his regular salary up to the date of the termination. At the option of the Company, the Company may require Executive to terminate employment upon receiving said thirty sixty (3060) days' notice from Executive of the termination of this Agreement. In such event, the Company will pay to Executive an amount equal to thirty sixty (3060) calendar days of his base salary. Executive will not be entitled to receive any other compensation or severance allowance under this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Fuelnation Inc)

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