Common use of Termination Not for Cause or for Good Reason Clause in Contracts

Termination Not for Cause or for Good Reason. (a) The Company may terminate Executive's employment at any time, and Executive may terminate his employment at any time. If Executive's employment is terminated by the Company other than for Cause (as hereinafter defined), or Executive terminates his employment for Good Reason (as hereinafter defined), Executive shall be entitled to receive a lump sum cash payment (but not in substitution for compensation already earned) in an amount equal to the sum of:

Appears in 4 contracts

Samples: Employment Agreement (Emcor Group Inc), Employment Agreement (Emcor Group Inc), Employment Agreement (Emcor Group Inc)

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Termination Not for Cause or for Good Reason. (a) The Company may terminate Executive's employment at any time, and Executive may terminate his employment at any time. If Executive's employment is terminated by the Company other than for Cause (as hereinafter defined), or if Executive terminates his employment for Good Reason (as hereinafter defined), or if the Company ever notifies Executive of its intention not to renew the employment period or fails to renew this Agreement, then Executive shall be entitled to receive a lump sum cash payment (but not in substitution for compensation already earned) in an amount equal to the sum ofreceive:

Appears in 2 contracts

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

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Termination Not for Cause or for Good Reason. (a) The a)The Company may terminate Executive's employment at any time, and Executive may terminate his employment at any time. If Executive's employment is terminated by the Company other than for Cause (as hereinafter defined), or Executive terminates his employment for Good Reason (as hereinafter defined), Executive shall be entitled to receive a lump sum cash payment (but not in substitution for compensation already earned) in an amount equal to the sum of:

Appears in 1 contract

Samples: Employment Agreement (Emcor Group Inc)

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