Expiration of the Term, For Cause, or Without Good Reason. (a) The Executive's employment hereunder may be terminated upon the Executive’s failure to renew the Agreement in accordance with Section 1, by the Company for Cause or by the Executive without Good Reason. If the Executive's employment is terminated upon the Executive’s failure to renew the Agreement, by the Company for Cause or by the Executive without Good Reason, the Executive shall be entitled to receive: (i) any accrued but unpaid Base Salary; and (ii) reimbursement for unreimbursed business expenses properly incurred by the Executive, which shall be subject to and paid in accordance with the Company's expense reimbursement policy; and (iii) such employee benefits (including equity compensation), if any, as to which the Executive may be entitled under the Company's employee benefit plans as of the Termination Date; provided that, in no event shall the Executive be entitled to any payments in the nature of severance or termination payments except as specifically provided herein. Items 4.1(a)(i) through 4.1(a)(iii) are referred to herein collectively as the "Accrued Amounts". (b) For purposes of this Agreement, "Cause" shall mean:
Appears in 3 contracts
Sources: Employment Agreement (Propanc Health Group Corp), Employment Agreement (Rimrock Gold Corp.), Employment Agreement (Rimrock Gold Corp.)
Expiration of the Term, For Cause, or Without Good Reason. (a) The Executive's employment hereunder may be terminated upon the Executive’s either party's failure to renew the Agreement in accordance with Section 1, by the Company for Cause Cause, or by the Executive without Good Reason. If the Executive's employment is terminated upon the Executive’s failure to renew the Agreement, by the Company for Cause or by the Executive without Good Reason, Reason and the Executive shall be entitled to receive:
(i) any accrued but unpaid Base Salary; andSalary and accrued but unused paid time off which shall be paid within one (1) week following the date of the Executive's termination (or earlier, if and as required by applicable law);
(ii) reimbursement for unreimbursed business expenses properly incurred by the Executive, which shall be subject to and paid in accordance with the Company's expense reimbursement policy; and
(iii) such employee benefits (including equity compensation), if any, as to which the Executive may be entitled under the Company's employee benefit plans as of the Termination Datedate of the Executive's termination; provided that, in no event shall the Executive be entitled to any payments in the nature of severance or termination payments except as specifically provided herein. Items 4.1(a)(i) through 4.1(a)(iii) are referred to herein collectively as the "Accrued Amounts.".
(b) For purposes of this Agreement, "Cause" shall mean:
Appears in 3 contracts
Sources: Employment Agreement (Eco Science Solutions, Inc.), Employment Agreement (Greenfield Groves Inc.), Employment Agreement (Greenfield Groves Inc.)