Common use of Termination of Employment by Company Clause in Contracts

Termination of Employment by Company. (a) The Company may terminate this Agreement at any time with Cause. In such event, the Company shall be obligated to continue to pay in the ordinary and normal course of its business to the Executive only his Salary (subject to applicable payroll and/or other taxes required by law to be withheld) through the Termination Date set forth in the Termination Notice. (b) The Company may terminate this Agreement at any time without Cause. In such event, (i) not later than the Termination Date specified in the Termination Notice, the Company shall pay to the Executive an amount in cash equal to the sum of the Executive's Compensation for 90 days (subject to applicable payroll and/or other taxes required by law to be withheld) determined as of the date of such Termination Notice Agreement and(ii) the restrictions set forth in Section 9.1(b) hereof shall not be applicable to the Executive.

Appears in 3 contracts

Samples: Employment Agreement (Cord Blood America, Inc.), Employment Agreement (Cord Blood America, Inc.), Employment Agreement (Cord Blood America, Inc.)

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Termination of Employment by Company. (a) The Company may terminate this Agreement at any time with Cause. In such event, the Company shall be obligated to continue to pay in the ordinary and normal course of its business to the Executive only his Salary (subject to applicable payroll and/or other taxes required by law to be withheld) through the Termination Date set forth in the Termination Notice. (b) The Company may terminate this Agreement at any time without Cause. In such event, (i) not later than the Termination Date specified in the Termination Notice, the Company shall pay to the Executive an amount in cash equal to the sum of the Executive's Compensation for 90 days (subject to applicable payroll and/or other taxes required by law to be withheld) determined as of the date of such Termination Notice through the remaining term of the Agreement and(iiand (ii) the restrictions set forth in Section 9.1(b) hereof shall not be applicable to the Executive.

Appears in 3 contracts

Samples: Employment Agreement (Cord Blood America, Inc.), Employment Agreement (110 Media Group, Inc.), Employment Agreement (110 Media Group, Inc.)

Termination of Employment by Company. (a) The Company may terminate this Agreement at any time with Cause. In such event, the Company shall be obligated to continue to pay in the ordinary and normal course of its business to the Executive only his her Salary (subject to applicable payroll and/or other taxes required by law to be withheld) through the Termination Date set forth in the Termination Notice. (b) The Company may terminate this Agreement at any time without Cause. In such event, (i) not later than the Termination Date specified in the Termination Notice, the Company shall pay to the Executive an amount in cash equal to the sum of the Executive's Compensation for 90 days (subject to applicable payroll and/or other taxes required by law to be withheld) determined as of the date of such Termination Notice through the remaining term of the Agreement and(iiand (ii) the restrictions set forth in Section 9.1(b9.1(c) hereof shall not be applicable to the Executive.

Appears in 1 contract

Samples: Employment Agreement (Last Mile Logistics Group, Inc.)

Termination of Employment by Company. (a) The Company may terminate this Agreement at any time with Cause. In such event, the Company shall be obligated to continue to pay in the ordinary and normal course of its business to the Executive only his her Salary (subject to applicable payroll and/or other taxes required by law to be withheld) through the Termination Date set forth in the Termination Notice. (b) The Company may terminate this Agreement at any time without Cause. In such event, (i) not later than the Termination Date specified in the Termination Notice, the Company shall pay to the Executive an amount in cash equal to the sum of the Executive's Compensation for 90 days (subject to applicable payroll and/or other taxes required by law to be withheld) determined as of the date of such Termination Notice through the remaining term of the Agreement and(iiand (ii) the restrictions set forth in Section 9.1(b) hereof shall not be applicable to the Executive.

Appears in 1 contract

Samples: Employment Agreement (Cord Blood America, Inc.)

Termination of Employment by Company. (a) The Company may terminate this Agreement at any time with Cause. In such event, the Company shall be obligated to continue to pay in the ordinary and normal course of its business to the Executive only his Salary (subject to applicable payroll and/or other taxes required by law to be withheld) through the Termination Date set forth in the Termination Notice. (b) The Company may terminate this Agreement at any time without Cause. In such event, (i) not later than the Termination Date specified in the Termination Notice, the Company shall pay to the Executive an amount in cash equal to the sum of the Executive's Compensation for 90 days (subject to applicable payroll and/or other taxes required by law to be withheld) determined as of the date of such Termination Notice Agreement and(iiand (ii) the restrictions set forth in Section 9.1(b) hereof shall not be applicable to the Executive.

Appears in 1 contract

Samples: Employment Agreement (Cord Blood America, Inc.)

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Termination of Employment by Company. (a) The Company may terminate this Agreement at any time with Cause. In such event, the Company shall be obligated to continue to pay in the ordinary and normal course of its business to the Executive only his Salary (subject to applicable payroll and/or other taxes required by law to be withheld) through the Termination Date set forth in the Termination Notice. (b) The Company may terminate this Agreement at any time without Cause. In such event, (i) not later than the Termination Date specified in the Termination Notice, the Company shall pay to the Executive an amount in cash equal to the sum of the Executive's Compensation for 90 days (subject to applicable payroll and/or other taxes required by law to be withheld) determined as of the date of such Termination Notice through the remaining term of the Agreement and(iiand (ii) the restrictions set forth in Section 9.1(b9.1(c) hereof shall not be applicable to the Executive.

Appears in 1 contract

Samples: Employment Agreement (Last Mile Logistics Group, Inc.)

Termination of Employment by Company. (a) The Company may terminate this Agreement at any time with Cause. In such event, the Company shall be obligated to continue to pay in the ordinary and normal course of its business to the Executive only his Salary (subject to applicable payroll and/or other taxes required by law to be withheld) through the Termination Date set forth in the Termination Notice. (b) The Company may terminate this Agreement at any time without Cause. In such event, (i) not later than the Termination Date specified in the Termination Notice, the Company shall pay to the Executive an amount in cash equal to the sum of the Executive's Compensation for 90 days (subject to applicable payroll and/or other taxes required by law to be withheld) determined as of the date of such Termination Notice through the remaining term of the Agreement and(iiand (ii) the restrictions set forth in Section 9.1(b9.1(c) hereof shall not be applicable to the Executive.

Appears in 1 contract

Samples: Employment Agreement (Dale Jarrett Racing Adventure Inc)

Termination of Employment by Company. (a) The Company may terminate this Agreement at any time with Cause. In such event, the Company shall be obligated to continue to pay in the ordinary and normal course of its business to the Executive only his Salary (subject to applicable payroll and/or other taxes required by law to be withheld) through the Termination Date set forth in the Termination Notice. (b) The Company may terminate this Agreement at any time without Cause. In such event, (i) not later than the Termination Date specified in the Termination Notice, the Company shall pay to the Executive an amount in cash equal to the sum of the Executive's Compensation for 90 days (subject to applicable payroll and/or other taxes required by law to be withheld) determined as of the date of such Termination Notice through the remaining term of the Agreement and(ii) the restrictions set forth in Section 9.1(b) hereof shall not be applicable to the Executive.

Appears in 1 contract

Samples: Employment Agreement (Cord Blood America, Inc.)

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