Compensation on Termination for Cause. If the Executive's employment is terminated for cause, then the Company will pay the Executive his salary owing up to and including the date of termination and upon making such payment the Company will have no further obligations to the Executive under this Agreement or in connection with his employment by the Company.
Appears in 8 contracts
Samples: Employment Contract (Ocean Ventures Inc), Share Exchange Agreement (Gusana Explorations Inc), Share Purchase Agreement (Ocean Ventures Inc)
Compensation on Termination for Cause. If the Executive's employment is shall be terminated for cause, then the Company will shall pay the Executive his salary owing up to and including through the date of termination together with any accrued vacation pay and upon making such payment the Company will shall have no further obligations to the Executive under this Agreement agreement or in connection with his employment by the Company.
Appears in 3 contracts
Samples: Employment Contract (Colombia Goldfields LTD), Employment Contract (Colombia Goldfields LTD), Employment Contract (Colombia Goldfields LTD)
