Common use of Termination of Your Employment Clause in Contracts

Termination of Your Employment. You are currently employed by the Company under the terms of an amended and restated employment agreement, dated December 16, 2009, as amended on November 4, 2011, February 3, 2012 and October 31, 2013 (your “Employment Agreement”). You hereby resign as the Company’s President and Chief Executive Officer and terminate your employment by the Company in accordance with Section 4.6 of your Employment Agreement. The Company hereby waives notice under such section and accepts your resignation. Your Employment Agreement is hereby terminated effective the date hereof, and you will no longer be entitled to any benefits thereunder. You will remain employed by the Company as an advisor until May 16, 2014 (your “Separation Date").

Appears in 1 contract

Samples: Cpi Aerostructures Inc

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