Common use of Termination With Cause by the Company or Termination Upon Resignation by Executive Clause in Contracts

Termination With Cause by the Company or Termination Upon Resignation by Executive. If Executive’s employment terminates as a result of a Termination With Cause or a Termination Upon Resignation, Executive shall be entitled only to payment of Executive’s then-current salary through the date of termination (payable in accordance with the Company’s regular payroll practices), and any amounts payable for unreimbursed business expenses incurred prior to the date of termination.

Appears in 3 contracts

Samples: Employment Agreement (ENDI Corp.), Employment Agreement (Enterprise Diversified, Inc.), Employment Agreement (Enterprise Diversified, Inc.)

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Termination With Cause by the Company or Termination Upon Resignation by Executive. If Executive’s employment terminates as a result of a Termination With Cause or a Termination Upon Resignation, Executive shall be entitled only to payment of Executive’s then-current salary through the date of termination (payable in accordance with the Company’s regular payroll practices), and any amounts payable for any unreimbursed business expenses incurred prior to the date of termination.

Appears in 1 contract

Samples: Executive Employment Agreement (Sitestar Corp)

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