Common use of Termination Without Cause or Termination For Good Reason: Benefits Clause in Contracts

Termination Without Cause or Termination For Good Reason: Benefits. If Executive’s employment is terminated either by the Company without Cause, but not because of Executive’s Disability or death, or by Executive for Good Reason, if Executive executes and delivers to the Company a Release Agreement in accordance with Section 3.9.4, Executive shall receive the payments and benefits described in this Section 3.4 unless Executive is entitled to benefits under Section 3.8 below.

Appears in 10 contracts

Samples: Employment Agreement (Vantage Drilling International), Employment and Non Competition Agreement (Vantage Drilling International), Employment Agreement (Vantage Drilling Labuan I Ltd.)

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Termination Without Cause or Termination For Good Reason: Benefits. If Executive’s employment is terminated either by the Company without Cause, but not because of Executive’s Disability or death, or by Executive for Good Reason, if Executive executes and delivers to the Company a Release Agreement in accordance with Section 3.9.43.8.4, Executive shall receive the payments and benefits described in this Section 3.4 unless Executive is entitled to benefits under Section 3.8 below.

Appears in 4 contracts

Samples: Employment and Non Competition Agreement (Vantage Drilling CO), Employment and Non Competition Agreement (Vantage Drilling CO), Employment and Non Competition Agreement (Vantage Drilling CO)

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