Common use of Early Termination Without Cause Clause in Contracts

Early Termination Without Cause. Notwithstanding Section 3.1, Sionix may terminate employment under this Agreement at any time, without Cause, provided that it continues nonetheless to compensate Executive for a period of six (6) months following such termination, with salary and benefits under Sections 2.1 and 2.3. Executive shall also be entitled to reimbursement of otherwise allowable expenses incurred or committed prior to the date of termination. All unearned Options or Additional Options vest immediately.

Appears in 2 contracts

Samples: Employment Agreement (Sionix Corp), Employment Agreement (Sionix Corp)

AutoNDA by SimpleDocs

Early Termination Without Cause. Notwithstanding Section 3.1, Sionix may terminate employment under this Agreement at any time, without Cause, provided that it continues nonetheless to compensate Executive for a period of six (6) months following such termination, with salary and benefits under Sections 2.1 and 2.3. Executive shall also be entitled to reimbursement of otherwise allowable expenses incurred or committed prior to the date of termination. All unearned Options or Additional Options vest immediately.

Appears in 1 contract

Samples: Employment Agreement (Sionix Corp)

AutoNDA by SimpleDocs

Early Termination Without Cause. Notwithstanding Section 3.1, Sionix may terminate employment under this Agreement at any time, without Cause, provided that it continues nonetheless to compensate Executive for a period of six (6) months following such termination, with salary and benefits under Sections 2.1 and 2.3. Executive shall also be entitled to reimbursement of otherwise allowable expenses incurred or committed prior to the date of termination. All unearned Options or Additional Options vest immediately.

Appears in 1 contract

Samples: Employment Agreement (Sionix Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.