Common use of Upon Termination Without Cause Clause in Contracts

Upon Termination Without Cause. In the event of termination by Company pursuant to Section 7.1 of this Agreement ("Termination by Either Party Without Cause"), the Executive shall be entitled to receive Salary (a) through the period ending on the date which is three months after the date of termination specified in the Company's termination notice, provided that such date of termination occurs on or before May 31, 1997 or (b) through the date of termination specified in the Company's termination notice, if such date of termination occurs after May 31, 1997. In the event of termination by Executive pursuant to Section 7.1 of this Agreement, Executive shall receive Salary through the effective date of such termination."

Appears in 1 contract

Sources: Employment Agreement (Peregrine Real Estate Trust)

Upon Termination Without Cause. In the event of termination by Company pursuant to Section 7.1 of this Agreement ("Termination by Either Party Without Cause")Agreement, the Executive shall be entitled to receive Salary (a) through the period ending on the date which is three months after later of (a) the date of termination specified in the Company's termination notice, provided that such date of termination occurs on or before May 31, 1997 or (b) through the date which is one month after the date of termination specified in the delivery of Company's termination notice, if such date of termination occurs after May 3 notice or (c) August 31, 19971996. In the event of termination by Executive pursuant to Section 7.1 of this Agreement, Executive shall receive Salary through the effective period ending on the date which is one month after the date of such terminationdelivery of Executive's termination notice, whether or not Company elects to continue Executive's employment through that period."

Appears in 1 contract

Sources: Employment Agreement (Peregrine Real Estate Trust)