Common use of Determination by Board of Directors Clause in Contracts

Determination by Board of Directors. In the event of a determination by the Board of Directors of the Company that the continuation of the employment arrangement of this Employment Agreement is not in the best interest of the Company, the Company may, at any time, upon its sole discretion, terminate this Employment Agreement. If such termination is more than six (6) months from the beginning of the employment year, Morris shall receive full equixx xxxerest for that year and the subsequent year. Accordingly, if such termination is less than six (6) months from the beginning of the employment year, Morris shall be entitled to rexxxxx full compensation for the balance of the year.

Determination by Board of Directors. In the event of a determination by the Board of Directors of the Company that the continuation of the employment arrangement of this Employment Agreement is not in the best interest of the Company, the Company may, at any time, upon its sole discretion, terminate this Employment Agreement. If such termination is more than six (6) months from the beginning of the employment year, Morris Stemm shall receive full equixx xxxerest xxterest for that year and the subsequent year. Accordingly, if such termination is less than six (6) months from the beginning of the employment year, Morris Stemm shall be entitled to rexxxxx full compensation for the balance of the year.

Determination by Board of Directors. In the event of a determination by the Board of Directors of the Company that the continuation of the employment arrangement of this Employment Agreement is not in the best interest of the Company, the Company may, at any time, upon its sole discretion, terminate this Employment Agreement. If such termination is more than six (6) months from the beginning of the employment year, Morris shall receive full equixx xxxerest eqxxxx xnterest for that year and the subsequent year. Accordingly, if such termination is less than six (6) months from the beginning of the employment year, Morris shall be entitled to rexxxxx xxxxxxe full compensation for the balance of the year.

Determination by Board of Directors. In the event of a determination by the Board of Directors of the Company that the continuation of the employment arrangement of this Employment Agreement is not in the best interest of the Company, the Company may, at any time, upon its sole discretion, terminate this Employment Agreement. If such termination is more than six (6) months from the beginning of the employment year, Morris shall receive full equixx xxxerest equxxx xxterest for that year and the subsequent year. Accordingly, if such termination is less than six (6) months from the beginning of the employment year, Morris shall be entitled to rexxxxx rxxxxxx full compensation for the balance of the year.