Without Just Cause. The Board may, by written notice to the Executive, immediately terminate his employment for a reason other than Just Cause, in which case the Executive shall be paid an amount equal to the balance of compensation provided for by Sections 3 and 4 hereof for the balance of the Term.
Appears in 6 contracts
Samples: Employment Agreement (Newtek Business Services Inc), Agreement (Newtek Business Services Inc), Newtek Business Services Inc
Without Just Cause. The Board may, by written notice to the Executive, immediately terminate his employment for a reason other than Just Cause, in which case the Executive shall be paid an amount equal to the balance of the compensation provided for by Sections 3 and 4 hereof for the balance of the Term.
Appears in 4 contracts
Samples: Employment Agreement (Newtek Business Services Inc), Newtek Business Services (Newtek Business Services Inc), Newtek Business Services (Newtek Business Services Inc)
Without Just Cause. The Board may, by written notice to the Executive, immediately terminate his employment for a reason other than Just Cause, in which case the Executive shall be paid an amount equal to the balance of the compensation provided for by Sections 3 and 4 hereof for the balance of the Termthis Agreement.
Appears in 2 contracts
Samples: Newtek Business Services Inc, Escrow Agreement (Newtek Capital Inc)
Without Just Cause. The Board mayBoard, by upon written notice to the Executivenotice, can immediately terminate his Executive’s employment for a reason other than Just Cause, in which case the Executive shall be paid an amount equal to the balance of compensation provided for by Sections Section 3 and 4 hereof for the balance of the Term.
Appears in 1 contract
Without Just Cause. The Board may, by written notice to the Executive, immediately terminate his employment for a reason other than Just Cause, in which case the Executive shall be paid an amount equal to the balance of the compensation provided for by Sections 3 this Agreement and 4 hereof for the balance of the TermSeverance payment provided by Section 3(b).
Appears in 1 contract