Common use of Termination of Company's Obligations Clause in Contracts

Termination of Company's Obligations. Upon termination of Key Employee’s employment for any reason, the Company’s obligations under this Agreement shall terminate and Key Employee shall be entitled to no compensation and benefits other than that provided in this ARTICLE III. Notwithstanding such termination, the parties’ obligations under Sections 2.5 and 3.9 of this Agreement shall remain in full force and effect.

Appears in 12 contracts

Samples: Employment Agreement (Myr Group Inc), Employment Agreement (Myr Group Inc), Employment Agreement (Myr Group Inc.)

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Termination of Company's Obligations. Upon termination of the Key Employee’s employment for any reason, the Company’s obligations under this Agreement shall terminate and the Key Employee shall be entitled to no compensation and benefits other than that provided in this ARTICLE IIIIII and Section 2.5. Notwithstanding such termination, the parties’ obligations under Sections 2.5 and 3.9 of this Agreement shall remain in full force and effect.

Appears in 9 contracts

Samples: Employment Agreement (Myr Group Inc.), Employment Agreement (Myr Group Inc.), Employment Agreement (Myr Group Inc.)

Termination of Company's Obligations. Upon termination of Key Employee’s employment for any reason, the Company’s obligations under this Agreement shall will terminate and Key Employee shall will be entitled to no compensation and benefits under this Agreement other than that provided in this ARTICLE III. Notwithstanding such termination, the parties’ obligations under Sections 2.5 and 3.9 of this Agreement shall ARTICLE III, including Section 3.8, will remain in full force and effect.

Appears in 8 contracts

Samples: Employment Agreement (Orion Marine Group Inc), Employment Agreement (Orion Marine Group Inc), Employment Agreement (Orion Marine Group Inc)

Termination of Company's Obligations. Upon termination of Key Employee’s employment for any reason, the Company’s obligations under this Agreement shall will terminate and Key Employee shall will be entitled to no compensation and benefits other than that provided in this ARTICLE III. Notwithstanding such termination, the parties’ obligations under Sections 2.5 and 3.9 Section 3.8 of this Agreement shall will remain in full force and effect.

Appears in 5 contracts

Samples: Employment Agreement (Orion Marine Group Inc), Employment Agreement (Orion Marine Group Inc), Employment Agreement (Orion Marine Group Inc)

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Termination of Company's Obligations. Upon termination of Key Employee’s 's employment for any reason, the Company’s 's obligations under this Agreement shall will terminate and Key Employee shall will be entitled to no compensation and benefits under this Agreement other than that provided in this ARTICLE III. Notwithstanding such termination, the parties' obligations under Sections 2.5 and 3.9 of this Agreement shall ARTICLE III, including Section 3.8, will remain in full force and effect.

Appears in 3 contracts

Samples: Employment Agreement (Orion Group Holdings Inc), Employment Agreement (Orion Marine Group Inc), Employment Agreement (Orion Marine Group Inc)

Termination of Company's Obligations. Upon termination of Key Employee’s 's employment for any reason, the Company’s 's obligations under this Agreement shall will terminate and Key Employee shall will be entitled to no compensation and benefits under this Agreement other than that provided in this ARTICLE III. Notwithstanding such termination, the parties' obligations under Sections 2.5 and 3.9 of this Agreement shall ARTICLE III, including Section 3.8, will remain in full fun force and effect.

Appears in 1 contract

Samples: Employment Agreement (Orion Marine Group Inc)

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