Common use of Termination on Account of Cause Clause in Contracts

Termination on Account of Cause. Notwithstanding anything in this Agreement to the contrary, if Executive’s employment terminates by the Company on account of Cause, Executive shall not receive benefits pursuant to Sections 2, 3, and 4 hereof. If Executive’s employment is terminated by the Company due to Cause, Executive shall receive any amounts earned, accrued or owing but not yet paid to Executive as of his Termination Date, payable in a lump sum, and any benefits accrued or earned in accordance with the terms of any applicable benefit plans and programs of the Company.

Appears in 2 contracts

Samples: Employment Severance Benefits Agreement (Blue Marble Energy Corp), Employment Severance Benefits Agreement (Blue Marble Energy Corp)

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Termination on Account of Cause. Notwithstanding anything in this Agreement to In the contrary, if event Executive’s employment terminates by the Company on account of Cause, Executive shall not receive benefits pursuant to Sections 2, 3, and 3 or 4 hereof. If Executive’s employment is terminated by the Company due to CauseHowever, Executive shall receive any amounts earned, accrued or owing but not yet paid to Executive as of prior to his Termination Date, payable in a lump sum, and any benefits accrued or earned due Executive in accordance with the terms of any applicable benefit plans and programs of the Company.

Appears in 2 contracts

Samples: Executive Severance Agreement (RCM Technologies Inc), Executive Severance Agreement (RCM Technologies Inc)

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Termination on Account of Cause. Notwithstanding anything in this Agreement to In the contrary, if event Executive’s 's employment terminates by the Company on account of Cause, Executive shall not receive benefits pursuant to Sections 2, 3, and 4 2 or 3 hereof. If Executive’s employment is terminated by the Company due to CauseHowever, Executive shall receive any amounts earned, accrued or owing but not yet paid to Executive as of prior to his Termination Date, payable in a lump sum, and any benefits accrued or earned due Executive in accordance with the terms of any applicable benefit plans and programs of the Company.

Appears in 1 contract

Samples: Executive Severance Agreement (RCM Technologies Inc)

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