Common use of Termination by the Executive with Notice Clause in Contracts

Termination by the Executive with Notice. In the event the Executive’s employment hereunder is terminated by the Executive pursuant to the provisions of Section 2.1(f) hereof, all future compensation to which Executive is entitled hereunder and all future benefits for which Executive is eligible hereunder shall cease and terminate as of the date of termination. Executive shall be entitled to the Accrued Obligation. Any amount due the Executive hereunder shall be paid in a lump sum in cash within thirty (30) days after the termination of Executive’s Employment hereunder.

Appears in 4 contracts

Samples: Employment Agreement (Meridian Resource Corp), Employment Agreement (Meridian Resource Corp), Employment Agreement (Meridian Resource Corp)

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Termination by the Executive with Notice. In the event the Executive’s 's employment hereunder is terminated by the Executive pursuant to the provisions of Section 2.1(f) hereof, all future compensation to which Executive is entitled hereunder and all future benefits for which Executive is eligible hereunder shall cease and terminate as of the date of termination. Executive shall be entitled to any accrued, but unpaid or unused, Salary, vacation or sick leave benefits through the Accrued Obligationdate of termination. Any amount due the Executive hereunder shall be paid in a lump sum in cash within thirty (30) days after the termination of Executive’s 's Employment hereunder.

Appears in 2 contracts

Samples: Employment Agreement (Meridian Resource Corp), Employment Agreement (Meridian Resource Corp)

Termination by the Executive with Notice. In the event the Executive’s employment hereunder is terminated by the Executive pursuant to the provisions of Section 2.1(f) hereof, all future compensation to which Executive is entitled hereunder and all future benefits for which Executive is eligible hereunder shall cease and terminate as of the date of such termination. Executive shall be entitled to any accrued, but unpaid, Salary through the Accrued Obligationdate of such termination. Any amount due the Executive hereunder under this Section 2.2(f) shall be paid in a lump sum in cash within thirty (30) 30 days after the termination of the Executive’s Employment hereunderemployment under Section 2.1(f).

Appears in 1 contract

Samples: Employment Agreement (Meridian Resource Corp)

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Termination by the Executive with Notice. In the event the Executive’s employment hereunder is terminated by the Executive pursuant to the provisions of Section 2.1(f) hereof, all future compensation to which Executive is entitled hereunder and all future benefits for which Executive is eligible hereunder shall cease and terminate as of the date of termination. Executive shall be entitled to any accrued, but unpaid or unused, Base, vacation or sick leave benefits and unpaid business expenses through the Accrued Obligationdate of termination. Any amount due the Executive hereunder shall be paid in a cash lump sum in cash within on the next regular and usual date for payment of wages, but no later than thirty (30) days after the termination of Executive’s Employment hereunder.

Appears in 1 contract

Samples: Asset Purchase Agreement (DXP Enterprises Inc)

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