Common use of Upon termination for Cause Clause in Contracts

Upon termination for Cause. the Employer shall pay compensation and benefits as discussed under Section 8.d.iii) above. Employee will be obligated to indemnify the Employer in an amount equal to all damages suffered by the Employer, if any, resulting from the Cause of Employee's termination.

Appears in 4 contracts

Sources: Employment Agreement (Eagle Bancshares Inc), Employment Agreement (Eagle Bancshares Inc), Employment Agreement (Eagle Bancshares Inc)