Common use of Severance Compensation upon Termination Clause in Contracts

Severance Compensation upon Termination. (a) In the event of the Company's termination of Executive's employment hereunder prior to the expiration of the Employment Period for any reason, the Company shall have no liability or obligation to Executive other than as specifically set forth in this Section 7.

Appears in 2 contracts

Samples: Service Agreement (Internetstudios Com Inc), Management Agreement (Internetstudios Com Inc)

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Severance Compensation upon Termination. (a) In the event of the Company's termination of Executive's employment hereunder prior to the expiration of the Employment Period for any reason, the Company shall have no liability or obligation to Executive other than as specifically set forth in this Section 7.

Appears in 1 contract

Samples: Management Agreement (Internetstudios Com Inc)

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Severance Compensation upon Termination. (a) In the event of the CompanyEmployer's termination of Executive's employment hereunder prior to the expiration of the Employment Period or any Subsequent Employment Period for any reason, the Company Employer shall have no liability or obligation to Executive other than as specifically set forth in this Section 7.

Appears in 1 contract

Samples: Employment Agreement (Internetstudios Com Inc)

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