Common use of Termination Upon Death or Disability For Cause or by Resignation Clause in Contracts

Termination Upon Death or Disability For Cause or by Resignation. Executive shall not be entitled to any separation pay or other compensation upon termination of his employment pursuant to Section 7(a)(i), (ii) or (iv) except for his Salary and any incentive compensation earned but unpaid as of the date of termination, unpaid expense reimbursements under Section 6 for expenses incurred in accordance with the terms hereof prior to termination, and compensation for accrued, unused vacation as of the date of termination all of which shall be paid to the Executive within 30 days of the date of termination.

Appears in 5 contracts

Samples: Executive Employment Agreement (Allis Chalmers Energy Inc.), Executive Employment Agreement (Allis Chalmers Energy Inc.), Executive Employment Agreement (Allis Chalmers Energy Inc.)

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