Company Minimum Commitment Sample Clauses

Company Minimum Commitment. In consideration of the Executive’s commitment to serve through the Minimum Service Date, the Company acknowledges a corresponding commitment to the Executive through the Minimum Service Date. Nothing in this Section shall limit the authority of the Board to terminate the Executive’s employment at any time in accordance with Section 1.2; provided, however, that if the Company terminates the Executive’s employment without Cause before the Minimum Service Date, or if the Executive resigns for Good Reason before the Minimum Service Date, the Executive shall receive the compensation and benefits provided in Section 5.2, which are intended to provide the Executive with the economic protection of the Company’s corresponding minimum commitment.