Common use of Termination With Cause or Without Good Reason Clause in Contracts

Termination With Cause or Without Good Reason. If the Company terminates Executive's employment for Cause or in the event Executive voluntarily terminates his employment Without Good Reason, Executive shall be entitled to his Annual Base Salary through the date of the termination of such employment and Executive shall be entitled to any bonuses which have been earned but not paid prior to such termination. Executive shall not be entitled to any other bonuses. Executive's additional benefits specified in Section 2 shall terminate at the time of such termination.

Appears in 2 contracts

Samples: Employment Agreement (Propell Technologies Group, Inc.), Employment Agreement (Propell Technologies Group, Inc.)

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Termination With Cause or Without Good Reason. If the Company terminates Executive's employment for Cause or in the event Executive voluntarily terminates his employment Without Good Reason, Executive shall be entitled to (i) his Annual Base Salary through the date of the termination of such employment and Executive shall be entitled to any bonuses which have been earned but not paid prior to such termination. Executive shall not be entitled to any other bonuses. Executive's additional benefits specified in Section 2 shall terminate at the time of such termination.termination and (ii)

Appears in 1 contract

Samples: Employment Agreement (Propell Technologies Group, Inc.)

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Termination With Cause or Without Good Reason. If the Company terminates Executive's employment for Cause or in the event Executive voluntarily terminates his employment Without Good Reason, Executive shall be entitled to his Annual Base Salary through the date of the termination of such employment and Executive shall be entitled to any bonuses which have been earned but not paid prior to such terminationemployment. Executive shall not be entitled to any other bonuses. Executive's additional benefits specified in Section 2 shall terminate at the time of such termination.

Appears in 1 contract

Samples: Amended Employment Agreement (Propell Technologies Group, Inc.)

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