Common use of Termination Without Cause; Constructive Termination Clause in Contracts

Termination Without Cause; Constructive Termination. In the event Executive’s employment with the Company is terminated by the Company without Cause, or as a result of Executive’s Constructive Termination Executive will receive from the Company, within fourteen (14) days after Executive’s Termination Date, a lump sum cash payment equal to three (3) months of Executive’s most recent Base Salary, less applicable withholdings and deductions.

Appears in 4 contracts

Samples: Employment Agreement (Grey Cloak Tech Inc.), Employment Agreement (Grey Cloak Tech Inc.), Employment Agreement (Grey Cloak Tech Inc.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!