Common use of Termination without Just Cause by the Company and Severance Package Clause in Contracts

Termination without Just Cause by the Company and Severance Package. Notwithstanding any other provision of this Agreement, this Agreement may be terminated by the Company without Just Cause at any time after the Effective Date and during the Initial Term and during the continuance of this Agreement upon the Company's delivery to the Executive of prior written notice of its intention to do so (the "Notice of Termination" herein) at least 60 calendar days prior to the effective date of any such termination (the end of such 60-day period from such Notice of Termination being the "Effective Termination Date" herein). In any such event the Executive's ongoing obligation to provide the General Services will continue until the Effective Termination Date and, subject to the following severance package (the "Severance Package" herein) obligation of the Company, the Company's shall continue to be obligated to provide and to pay to the Executive all of the amounts otherwise payable to the Executive under Article "4" hereinbelow until the Effective Termination Date. In this regard, and in addition to all of the amounts otherwise due and payable to the Executive under Article "4" hereinbelow until the Effective Termination Date, the Company shall also pay and provide to the Executive the following amounts in the following manner, however, subject, at all times, to the Executive's ongoing compliance with the Executive's obligations under Article "5" hereinbelow, such ongoing compensation representing the Executive's clear and unequivocal Severance Package for the early termination by the Company without Just Cause under this Agreement prior to the completion of the Initial Term or any Renewal Period of this Agreement:

Appears in 3 contracts

Samples: Consulting Services Agreement (Uranium Energy Corp), Executive Services Agreement (Uranium Energy Corp), Executive Services Agreement (Uranium Energy Corp)

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Termination without Just Cause by the Company and Severance Package. Notwithstanding any other provision of this Agreement, this Agreement may be terminated by the Company without Just Cause at any time after the Effective Date and during the Initial Term and during the continuance of this Agreement upon the Company's delivery to the Executive Consultant of prior written notice of its intention to do so (the "Notice of Termination" herein) at least 60 calendar days prior to the effective date of any such termination (the end of such 60-day period from such Notice of Termination being the "Effective Termination Date" herein). In any such event the ExecutiveConsultant's ongoing obligation to provide the General Services will continue until the Effective Termination Date and, subject to the following severance package (the "Severance Package" herein) obligation of the Company, the Company's shall continue to be obligated to provide and to pay to the Executive Consultant and to Xx. Xxxxxx all of the amounts otherwise payable to the Executive Consultant under Article "4" hereinbelow until the Effective Termination Date. In this regard, and in addition to all of the amounts otherwise due and payable to the Executive Consultant and Xx. Xxxxxx under Article "4" hereinbelow until the Effective Termination Date, the Company shall also pay and provide to the Executive Consultant and Xx. Xxxxxx the following amounts in the following manner, however, subject, at all times, to the ExecutiveConsultant's ongoing compliance with the ExecutiveConsultant's obligations under Article "5" hereinbelow, such ongoing compensation representing the ExecutiveConsultant's clear and unequivocal Severance Package for the early termination by the Company without Just Cause under this Agreement prior to the completion of the Initial Term or any Renewal Period of this Agreement:

Appears in 2 contracts

Samples: Executive Services Agreement (Uranium Energy Corp), Executive Services Agreement (Uranium Energy Corp)

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Termination without Just Cause by the Company and Severance Package. Notwithstanding any other provision of this Agreement, this Agreement may be terminated by the Company without Just Cause at any time after the Effective Date and during the Initial Term and during the continuance of this Agreement upon the Company's delivery to the Executive of prior written notice of its intention to do so (the "Notice of Termination" herein) at least 60 30 calendar days prior to the effective date of any such termination (the end of such 6030-day period from such Notice of Termination being the "Effective Termination Date" herein). In any such event the Executive's ongoing obligation to provide the General Services will continue until the Effective Termination Date and, subject to the following severance package (the "Severance Package" herein) obligation of the Company, the Company's shall continue to be obligated to provide and to pay to the Executive all of the amounts otherwise payable to the Executive under Article "4" hereinbelow until the Effective Termination Date. In this regard, and in addition to all of the amounts otherwise due and payable to the Executive under Article "4" hereinbelow until the Effective Termination Date, the Company shall also pay and provide to the Executive the following amounts in the following manner, however, subject, at all times, to the Executive's ongoing compliance with the Executive's obligations under Article "5" hereinbelow, such ongoing compensation representing the Executive's clear and unequivocal Severance Package for the early termination by the Company without Just Cause under this Agreement prior to the completion of the Initial Term or any Renewal Period of this Agreement:

Appears in 1 contract

Samples: Executive Services Agreement (Mainland Resources Inc.)

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