Common use of TERMINATION BY Clause in Contracts

TERMINATION BY. EMPLOYEE Executive may terminate his employment by Company at any time, with or without cause, by providing Company thirty (30) days' advance written notice. Company will have the option, in its complete discretion, to make Executive's termination of employment effective at any time after receipt of such notice and prior to the end of such notice period, provided Company pays Executive all compensation due and owing through the last day actually worked plus an amount equal to the Base Salary Executive would have earned through the balance of the notice period, and thereafter all of Company's obligations under this Agreement terminate.

Appears in 2 contracts

Sources: Employment Agreement (Wichita Manufacturing Inc), Employment Agreement (Compass Aerospace Corp)