Common use of Termination of Company’s Obligation Clause in Contracts

Termination of Company’s Obligation. If at any time within the twenty-four (24) month period following termination of Executive’s employment without Cause by Company, pursuant to Section 5.1 of this Agreement, Executive breaches any of his obligations under Sections 8, 9, 10, 11 and/or 12 of this Agreement, then Company’s obligation to make payments under Section 5.4 (ii) of this Agreement shall cease as of the date such breach occurs.

Appears in 4 contracts

Samples: Employment Agreement (NiMin Energy Corp.), Employment Agreement (NiMin Energy Corp.), Employment Agreement (NiMin Energy Corp.)

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Termination of Company’s Obligation. If at any time within the twenty-four (24) month period following termination of Executive’s employment without Cause by Company, Company pursuant to Section 5.1 6.4 (iv) or termination by Executive for Good Reason pursuant to Section 6.4 (iii) of this Agreement, Executive breaches any of his obligations under Sections 8, 9, 10, 11 11, and/or 12 of this Agreement, then Company’s obligation to make payments under Section 5.4 6.5 (iiiii) of this Agreement shall cease as of the date such breach occurs.

Appears in 4 contracts

Samples: Employment Agreement (NiMin Energy Corp.), Employment Agreement (NiMin Energy Corp.), Employment Agreement (NiMin Energy Corp.)

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