Voluntary Termination by the Company. The Company shall have the right to voluntarily terminate this Agreement and Xxxxxx’x employment hereunder at any time. If the Company initiates an “at will” termination of your employment as described above the Company agrees to pay Xxxxxx a lump-sum separation fee at the time of termination equal to six (6) months salary plus benefits and be granted immediate vesting of all unvested stock and options.
Appears in 3 contracts
Samples: Employment Agreement (Tatonka Oil & Gas, Inc.), Employment Agreement (Tatonka Oil & Gas, Inc.), Employment Agreement (Zulu Energy Corp.)
Voluntary Termination by the Company. The Company shall have the right to voluntarily terminate this Agreement and Xxxxxx’x Tromp’s employment hereunder at any time. If the Company initiates an “at will” termination of your employment as described above the Company agrees to pay Xxxxxx Tromp a lump-sum separation fee at the time of termination equal to six (6) months salary plus benefits and be granted immediate vesting of all unvested stock and options.
Appears in 1 contract
Voluntary Termination by the Company. The Company shall have the right to voluntarily terminate this Agreement and Xxxxxx’x Xxxxxxxxx’x employment hereunder at any time. If the Company initiates an “at will” termination of your Desphande’s employment as described above the Company agrees to pay Xxxxxx Deshpande a lump-sum separation fee at the time of termination equal to six (6) months salary plus benefits and be granted immediate vesting of all unvested stock and optionsbenefits.
Appears in 1 contract