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

Termination Without Cause or Constructive Termination. The provisions of this section 8c shall apply following any termination of Executive which is either (i) without “Cause” (as defined below); or (ii) a “Constructive Termination” (as defined below) notwithstanding any provision otherwise in any stock option agreement between the Company and the Executive which provides for the grant to Executive of the right to purchase shares of stock of the Company. In the event that Executive’s employment is terminated, at any time, and such termination is either (i) without Cause; or (ii) a Constructive Termination:

Appears in 4 contracts

Samples: Employment Agreement (Lakes Entertainment Inc), Employment Agreement (Lakes Entertainment Inc), Employment Agreement (Lakes Entertainment Inc)

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Termination Without Cause or Constructive Termination. The provisions of this section 8c Section 7(c) shall apply following any termination of the Executive which is either (i) without “Cause” (as defined below); or (ii) a “Constructive Termination” (as defined below). Notwithstanding anything to the contrary in this Section 7(c), and subject to Sections 7(f) notwithstanding any provision otherwise in any stock option agreement between the Company and 21 and the Executive which provides for the grant to Executive of the right to purchase shares of stock of the Company. In Executive's continued compliance with Sections 10 and 11, in the event that the Executive’s employment is terminated, at any time, and such termination is either (i) without Cause; or (ii) a Constructive Termination:

Appears in 3 contracts

Samples: Employment Agreement (Golden Entertainment, Inc.), Employment Agreement (Golden Entertainment, Inc.), Employment Agreement (Golden Entertainment, Inc.)

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Termination Without Cause or Constructive Termination. The provisions of this section 8c Section 7(c) shall apply following any termination of the Executive which is either (i) without “Cause” (as defined below); or (ii) a “Constructive Termination” (as defined below). Notwithstanding anything to the contrary in this Section 7(c), and subject to Sections 7(f) notwithstanding any provision otherwise in any stock option agreement between the Company and 21 and the Executive which provides for the grant to Executive of the right to purchase shares of stock of the Company. In Executive’s continued compliance with Sections 10 and 11, in the event that the Executive’s employment is terminated, at any time, and such termination is either (i) without Cause; or (ii) a Constructive Termination:

Appears in 1 contract

Samples: Employment Agreement (Golden Entertainment, Inc.)

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