Without Good Cause. (a) This Agreement shall terminate by the Company providing thirty (30) days written notice to the Executive that the Company is terminating the Agreement Without Good Cause, as defined herein ("Notice of Termination Without Good Cause"), at any time during his employment; provided, however, that the Company shall be required to pay Severance Pay in accordance with the SEVERANCE provisions in Section 5. (b) Any termination of this Agreement which is not for "Good Cause," as defined above, or which does not result from the death of the Executive, or the disability of the Executive, shall be deemed to be a termination "Without Good Cause." Furthermore, in the event that the Company communicates a Notice of Termination for Good Cause, and the arbitrators pursuant to Section 10 determine that no Good Cause exists or existed for the Notice of Termination that was originally communicated, then such Notice of Termination shall be deemed to have been a communication of a Notice of Termination Without Good Cause, as appropriate, for all purposes under this Agreement.
Appears in 2 contracts
Samples: Executive Employment Agreement (Key Energy Group Inc), Executive Employment Agreement (Key Energy Group Inc)
Without Good Cause. (a) This Agreement shall terminate by the Company providing thirty (30) days written notice to the Executive that the Company is terminating the Agreement Without Good Cause, as defined herein ("Notice of Termination Without Good CauseNOTICE OF TERMINATION WITHOUT GOOD CAUSE"), at any time during his employment; provided, however, that the Company shall be required to pay Severance Pay severance pay in accordance with the SEVERANCE severance provisions in Section 5.
(b) Any termination of this Agreement which is not for "Good Cause," , as defined above, or which does not result from the death of the Executive, or the disability of the Executive, shall be deemed to be a termination "Without Good CauseWITHOUT GOOD CAUSE." Furthermore, in the event that the Company communicates a Notice of Termination for Good Cause, and the arbitrators pursuant to Section 10 determine that no Good Cause exists or existed for the Notice of Termination that was originally communicated, then such Notice of Termination shall be deemed to have been a communication of a Notice of Termination Without Good Cause, as appropriate, for all purposes under this Agreement.
Appears in 1 contract
Samples: Executive Employment Agreement (Key Energy Group Inc)
Without Good Cause. (a) This Agreement shall terminate by the Company providing thirty (30) days written notice to the Executive that the Company is terminating the Agreement Without Good Cause, as defined herein ("Notice of Termination Without Good CauseNOTICE OF TERMINATION WITHOUT GOOD CAUSE"), at any time during his employment; provided, howeverhowevxx, that the Company xxxx xxx Xxxxxxy shall be required to pay Severance Pay severance pay in accordance with the SEVERANCE severance provisions in Section 5.
(b) Any termination of this Agreement which is not for "Good Cause," , as defined above, or which does not result from the death of the Executive, or the disability of the Executive, shall be deemed to be a termination "Without Good CauseWITHOUT GOOD CAUSE." Furthermore, in the event that the Company communicates a Notice of Termination for Good Cause, and the arbitrators pursuant to Section 10 determine that no Good Cause exists or existed for the Notice of Termination that was originally communicated, then such Notice of Termination shall be deemed to have been a communication of a Notice of Termination Without Good Cause, as appropriate, for all purposes under this Agreement.
Appears in 1 contract
Samples: Executive Employment Agreement (Dawson Production Services Inc)
Without Good Cause. (a) This Agreement shall terminate by the Company providing thirty (30) days written notice to the Executive that the Company is terminating the Agreement Without Good Cause, as defined herein ("Notice of Termination Without Good CauseNOTICE OF TERMINATION WITHOUT GOOD CAUSE"), at any time during his employment; provided, however, that the Company xxx Xxxxxny shall be required to pay Severance Pay severance pay in accordance with the SEVERANCE severance provisions in Section 5.
(b) Any termination of this Agreement which is not for "Good Cause," , as defined above, or which does not result from the death of the Executive, or the disability of the Executive, shall be deemed to be a termination "Without Good CauseWITHOUT GOOD CAUSE." Furthermore, in the event that the Company communicates a Notice of Termination for Good Cause, and the arbitrators pursuant to Section 10 determine that no Good Cause exists or existed for the Notice of Termination that was originally communicated, then such Notice of Termination shall be deemed to have been a communication of a Notice of Termination Without Good Cause, as appropriate, for all purposes under this Agreement.
Appears in 1 contract
Samples: Executive Employment Agreement (Dawson Production Services Inc)
Without Good Cause. (a) This Agreement shall terminate by the Company providing thirty (30) days written notice to the Executive that the Company is terminating the Agreement Without Good Cause, as defined herein ("Notice of Termination Without Good CauseNOTICE OF TERMINATION WITHOUT GOOD CAUSE"), at any time during his employment; provided, however, that the Company shall be required to pay Severance Pay in accordance with the SEVERANCE provisions in Section 5.time
(b) Any termination of this Agreement which is not for "Good Cause," , as defined above, or which does not result from the death of the Executive, or the disability of the Executive, shall be deemed to be a termination "Without Good CauseWITHOUT GOOD CAUSE." Furthermore, in the event that the Company communicates a Notice of Termination for Good Cause, and the arbitrators pursuant to Section 10 determine that no Good Cause exists or existed for the Notice of Termination that was originally communicated, then such Notice of Termination shall be deemed to have been a communication of a Notice of Termination Without Good Cause, as appropriate, for all purposes under this Agreement.
Appears in 1 contract
Samples: Executive Employment Agreement (Key Energy Group Inc)