Termination With Cause or Without Good Reason. If the Company terminates Executive’s employment with Cause, if Executive dies or is disabled (as defined above), or if Executive resigns without Good Reason, the Company’s obligations to pay any compensation or benefits under this Agreement will cease effective as of the Termination Date and the Company shall pay to Executive the Accrued Obligations within thirty (30) days following the Termination Date. The Company will pay to Executive his Annual Base Salary for periods following his separation from service, to the extent not theretofore paid, within thirty (30) days following his separation from service if he is not a specified employee or on the date that is six months following his separation from service if he is a specified employee. Following such payments, the Company shall have no further obligations to Executive other than as may be required by law or the terms of an employee benefit plan of the Company.
Appears in 4 contracts
Samples: Executive Employment Agreement (Greenbelt Resources Corp), Executive Employment Agreement (Greenbelt Resources Corp), Executive Employment Agreement (Greenbelt Resources Corp)
