Common use of Termination by the Corporation Without Cause Clause in Contracts

Termination by the Corporation Without Cause. If the Corporation shall terminate the Executive's employment under this Agreement for any reason except for Cause (as defined in paragraph 8) then, upon the effective date of termination, the Corporation shall pay the Executive in one lump sum an amount equal to two (2) times the Executive's then current Base Salary, less all statutory withholdings and deductions. All the benefits theretofore provided to the Executive shall be continued as if the Executive was still an employee of the Corporation for a period of twelve (12) months from the date of termination or until equal or better benefits are provided by a new employer, whichever shall first occur.

Appears in 1 contract

Samples: Executive   Employment Contract (Almaden Minerals LTD)

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Termination by the Corporation Without Cause. If the Corporation shall terminate the ExecutiveManagement Company's employment engagement under this Agreement for any reason except for Cause (as defined in paragraph 8) then, upon the effective date of termination, the Corporation shall pay the Executive Management Company in one lump sum an amount equal to two (2) times the ExecutiveManagement Company's then current Base Salary, less all statutory withholdings and deductionsFee. All the benefits theretofore provided to the Executive or the Management Company shall be continued as if the Executive was still an employee executive of the Corporation for a period of twelve (12) months from the date of termination or until equal or better benefits are provided by a new employer, whichever shall first occurtermination.

Appears in 1 contract

Samples: Executive Compensation Contract (Almaden Minerals LTD)

Termination by the Corporation Without Cause. If the Corporation shall terminate the Executive's employment under this Agreement for any reason except for Cause (as defined in paragraph 8) then, upon the effective date of termination, the Corporation shall pay the Executive in one lump sum an amount equal to two (2) times the Executive's then current Base Salary, less all statutory withholdings and deductions. All the benefits theretofore provided to the Executive shall be continued as if the Executive was still an employee of the Corporation for a period of twelve (12) months from the date of termination or until equal or better benefits are provided by a new employer, . whichever shall first occur.

Appears in 1 contract

Samples: Executive Employment Contract (Almaden Minerals LTD)

Termination by the Corporation Without Cause. If the Corporation shall terminate the Executive's employment under this Agreement for any reason except for Cause (as defined in paragraph 8) 7) then, upon the effective date of termination, the Corporation shall pay the Executive in one lump sum an amount equal to two (2) times the Executive's then current Base Salary, less all statutory withholdings and deductions. All the benefits theretofore provided to the Executive shall be continued as if the Executive was still an employee Executive of the Corporation for a period of twelve (12) months from the date of termination or until equal or better benefits are provided by a new employer, whichever shall first occur.. Termination without Cause shall include but not be limited to the following:

Appears in 1 contract

Samples: Employment Contract (Tarsis Resources Ltd.)

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Termination by the Corporation Without Cause. If the Corporation shall terminate the Executive's ’s employment under this Agreement for any reason except for Cause (as defined in paragraph 8) then, upon the effective date of termination, the Corporation shall pay the Executive in one lump sum an amount equal to two (2) times the Executive's then current ’s prior year’s Base Salary, less all statutory withholdings and deductions. All the benefits theretofore provided to the Executive shall be continued as if the Executive was still an employee Executive of the Corporation for a period of twelve (12) months from the date of termination or until equal or better benefits are provided by a new employer, whichever shall first occur.

Appears in 1 contract

Samples: Executive Employment Contract (Almaden Minerals LTD)

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