Common use of Without Good Cause Clause in Contracts

Without Good Cause. (a) The Company shall be entitled to terminate the Executive's employment under this Agreement by providing a written Notice of Termination "Without Good Cause" at any time during his employment, or by providing a written Notice of Non-Renewal "Without Good Cause," as defined herein, at least ninety (90) days prior to the Expiration Date or at least ninety (90) days prior to the expiration of any Renewal Term or Extension. Provided, however, that in the event of any Notice of Termination Without Good Cause or Notice of Non-Renewal Without Good Cause, the Company shall be required to pay Severance Pay in accordance with the Severance provisions in Section 5.

Appears in 3 contracts

Samples: Employment Agreement (Los Buenos Leasing Co Inc), Employment Agreement (Los Buenos Leasing Co Inc), Employment Agreement (Vermont Transit Co Inc)

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Without Good Cause. (a) The Company shall be entitled to terminate the Executive's employment under this Agreement by providing a written Notice of Termination "Without Good Cause" at any time during his employment, or by providing a written Notice of Non-Non- Renewal "Without Good Cause," as defined herein, at least ninety (90) days prior to the Expiration Date or at least ninety (90) days prior to the expiration of any Renewal Term or Extension. Provided, however, that in the event of any Notice of Termination Without Good Cause or Notice of Non-Renewal Without Good Cause, the Company shall be required to pay Severance Pay in accordance with the Severance SEVERANCE provisions in Section 5.

Appears in 1 contract

Samples: Executive Employment Agreement (Greyhound Lines Inc)

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