Common use of Termination Other Than for Cause Clause in Contracts

Termination Other Than for Cause. The foregoing notwithstanding, the Company may terminate the Executive's employment for whatever reason it deems appropriate; provided, however, that in the event such termination is not based on Cause, as provided in Section 6C above, or if Executive's employment is terminated under Sections 6F or 6G hereof, the Company shall continue to be obligated to pay to Executive all salary through the Term, or Renewal Term if any, of this Agreement and any bonuses authorized by a resolution of the Company’s directors and all stock options granted to the executive shall be immediately exercisable .

Appears in 19 contracts

Samples: Employment Agreement (Tara Gold Resources Corp.), Employment Agreement (Firma Holdings Corp.), Employment Agreement (Tara Gold Resources Corp.)

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