Common use of Termination with Cause by the Company Clause in Contracts

Termination with Cause by the Company. This Employment Agreement may be terminated with Cause (as hereinafter defined) by the Company provided that the Company shall (i) give Employee the Notice of Termination and (ii) pay Employee his annual base salary through the Termination Date at the rate in effect at the time the Notice of Termination is given plus any bonus or incentive compensation which have been earned or have become payable pursuant to the terms of this Employment Agreement or any compensation or benefit plan as of the Termination Date, but which have not yet been paid. In addition, Employee shall have the right to exercise all options that have vested through and including the Termination Date.

Appears in 13 contracts

Samples: Employment Agreement (N-Viro International Corp), Employment Agreement (N-Viro International Corp), Employment Agreement (N-Viro International Corp)

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Termination with Cause by the Company. This Employment ------------------------------------------ Agreement may be terminated with Cause (as hereinafter defined) by the Company provided that the Company shall (i) give Employee the Notice of Termination and (ii) pay Employee his annual base salary through the Termination Date at the rate in effect at the time the Notice of Termination is given plus any bonus or incentive compensation which have been earned or have become payable pursuant to the terms of this Employment Agreement or any compensation or benefit plan as of the Termination Date, but which have not yet been paid. In addition, Employee shall have the right to exercise all options that have vested through and including the Termination Date.

Appears in 2 contracts

Samples: Employment Agreement (N-Viro International Corp), Employment Agreement (N-Viro International Corp)

Termination with Cause by the Company. This Employment Agreement may be terminated with Cause (as hereinafter defined) by the Company provided that the Company shall (i) give Employee Executive the Notice of Termination and (ii) pay Employee Executive his annual base salary through the Termination Date at the rate in effect at the time the Notice of Termination is given plus any bonus or incentive compensation which have been earned or have become payable pursuant to the terms of this Employment Agreement or any compensation or benefit plan as of the Termination Date, but which have not yet been paid. In addition, Employee Executive shall have the right to exercise all options that have vested through and including the Termination Date.

Appears in 2 contracts

Samples: Employment Agreement (Consorteum Holdings, Inc.), Employment Agreement (Consorteum Holdings, Inc.)

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Termination with Cause by the Company. This Employment ----------------------------------------- Agreement may be terminated with Cause (as hereinafter defined) by the Company provided that the Company shall (i) give Employee the Notice of Termination and (ii) pay Employee his annual base salary through the Termination Date at the rate in effect at the time the Notice of Termination is given plus any bonus or incentive compensation which have been earned or have become payable pursuant to the terms of this Employment Agreement or any compensation or benefit plan as of the Termination Date, but which have not yet been paid. In addition, Employee shall have the right to exercise all options that have vested through and including the Termination Date.

Appears in 1 contract

Samples: Employment Agreement (N-Viro International Corp)

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