Common use of Constructive Discharge Clause in Contracts

Constructive Discharge. If Employee is ready, willing and able to work and Finance, for whatever reason, does not utilize the services of Employee for substantially the same professional duties for a total period of ninety (90) days during the life of this Agreement or elects to transfer Employee outside the Hampton Roads Virginia area and Employee is unable to transfer for any reason, Employee will be entitled to all salary, Executive Profit Sharing Plans, and benefits as provided in Section 10.2 of this Agreement.

Appears in 8 contracts

Sources: Change of Control Agreement (TFC Enterprises Inc), Change of Control Agreement (TFC Enterprises Inc), Change of Control Agreement (TFC Enterprises Inc)

Constructive Discharge. If Employee is ready, willing and able to work and Finance, for whatever reason, does not utilize the services of Employee for substantially the same professional duties for a total period of ninety (90) days days, during the life of this Agreement or elects to transfer Employee outside the Hampton Roads Virginia area and Employee is unable to transfer for any reason, Employee will be entitled to all salary, Executive Profit Sharing Plans, and benefits as provided in Section 10.2 of this Agreement.

Appears in 2 contracts

Sources: Change of Control Agreement (TFC Enterprises Inc), Change of Control Agreement (TFC Enterprises Inc)