By the Director. The Director may terminate the Employment at any time with a one-month prior written notice to the Company, if (1) there is a material reduction in the Director’s authority, duties and responsibilities, or (2) there is a material reduction in the Director’s annual salary. Upon the Director’s termination of the Employment due to either of the above reasons, the Company shall provide remuneration to the Director equivalent to 6 months of the Director’s base salary that [he/she] is entitled to immediately prior to such termination. In addition, the Director may resign prior to the expiration of the Agreement if such resignation is approved by the Board or an alternative arrangement with respect to the Employment is agreed to by the Board.
Appears in 5 contracts
Samples: Director Agreement (Green Circle Decarbonize Technology LTD), Director Agreement (Autozi Internet Technology (Global) Ltd.), Director Agreement (Autozi Internet Technology (Global) Ltd.)
By the Director. The Director may terminate the Employment at any time with a one-month prior written notice to the Company, if (1) there is a material reduction in the Director’s authority, duties and responsibilities, or (2) there is a material reduction in the Director’s annual salary. Upon the Director’s termination of the Employment due to either of the above reasons, the Company shall provide remuneration compensation to the Director equivalent to 6 12 months of the Director’s base salary that [he/she] he is entitled to immediately prior to such termination. In addition, the Director may resign prior to the expiration of the Agreement if such resignation is approved by the Board or an alternative arrangement with respect to the Employment is agreed to by the Board.
Appears in 4 contracts
Samples: Employment Agreement (Color Star Technology Co., Ltd.), Employment Agreement (Yi Po International Holdings LTD), Employment Agreement (ReTo Eco-Solutions, Inc.)
By the Director. The Director may terminate the Employment at any time with a one-month prior written notice to the Company, if (1) there is a material reduction in the Director’s authority, duties and responsibilities, or (2) there is a material reduction in the Director’s annual salary. Upon the Director’s termination of the Employment due to either of the above reasons, the Company shall provide remuneration compensation to the Director equivalent to 6 months of the Director’s base salary that [he/she] she is entitled to immediately prior to such termination. In addition, the Director may resign prior to the expiration of the Agreement if such resignation is approved by the Board or an alternative arrangement with respect to the Employment is agreed to by the Board.
Appears in 2 contracts
Samples: Director Agreement (Color Star Technology Co., Ltd.), Director Agreement (Color Star Technology Co., Ltd.)
By the Director. The Director may terminate the Employment at any time with a one-month prior written notice to the Company, if (1) there is a material reduction in the Director’s authority, duties and responsibilities, or (2) there is a material reduction in the Director’s annual salary. Upon the Director’s termination of the Employment due to either of the above reasons, the Company shall provide remuneration compensation to the Director equivalent to 6 months of the Director’s base salary that [he/she] is entitled to immediately prior to such termination. In addition, the Director may resign prior to the expiration of the Agreement if such resignation is approved by the Board or an alternative arrangement with respect to the Employment is agreed to by the Board.
Appears in 1 contract
