Deterioration or Discontinuance of Business. (1) In the event that EMPLOYER discontinues operating its business, this Agreement shall terminate as of the last day of the month on which it ceases operation with the same force and effect as if such last day of the month were originally set as the termination date hereof; provided, however, that a reorganization or merger of EMPLOYER shall not be deemed a termination of its business.
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Samples: Employment Agreement (Tels Corp), Employment Agreement (Tels Corp), Employment Agreement (Tels Corp)
Deterioration or Discontinuance of Business. (1) In the event that EMPLOYER the Company discontinues operating its business, this Agreement shall terminate as of the last day of the month on which it ceases operation with the same force and effect as if such last day of the month were originally set as the termination date hereof; provided, however, that a reorganization or merger of EMPLOYER the Company shall not be deemed a termination of its business.
Appears in 2 contracts
Samples: Employment Agreement (Xstream Beverage Group Inc), Employment Agreement (Xstream Beverage Group Inc)
Deterioration or Discontinuance of Business. (1) In the event that EMPLOYER the ------------------------------------------- Company discontinues operating its business, this Agreement shall terminate as of the last day of the month on which it ceases operation with the same force and effect as if such last day of the month were originally set as the termination date hereof; provided, however, that a reorganization or merger of EMPLOYER the Company shall not be deemed a termination of its business.
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