Common use of Termination for Cause by Xxxxxxx Clause in Contracts

Termination for Cause by Xxxxxxx. The Employee's employment under this Agreement may be terminated by Xxxxxxx for Cause. In the event that the Employee's employment under this Agreement shall validly be terminated by Xxxxxxx for Cause pursuant to this Section 12, Xxxxxxx shall promptly pay accrued but unpaid salary and reimburse or pay any other accrued but unpaid amounts due under this Agreement as of the date of termination, and thereafter Xxxxxxx shall have no further obligations under this Agreement.

Appears in 4 contracts

Samples: Employment Agreement (McKenzie Bay International), Employment Agreement (McKenzie Bay International), Merger Agreement (McKenzie Bay International)

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Termination for Cause by Xxxxxxx. The Employee's employment under this Agreement may be terminated by Xxxxxxx for Cause. In the event that the Employee's employment under this Agreement shall validly be terminated by Xxxxxxx for Cause pursuant to this Section - RENV- Ref497222905-12, Xxxxxxx shall promptly pay accrued but unpaid salary and reimburse or pay any other accrued but unpaid amounts due under this Agreement Agreemen t as of the date of termination, and thereafter Xxxxxxx shall have no further obligations under this Agreement.

Appears in 1 contract

Samples: Employment Agreement (McKenzie Bay International)

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