Company Breach definition
Examples of Company Breach in a sentence
The Executive may terminate the Executive's employment hereunder for Company Breach.
Within thirty (30) business days after the Notice of Termination is sent, the terminating party shall deliver to the other party hereto a written explanation, which shall state in reasonable detail the basis for such termination and shall indicate whether termination is being made for Cause, Without Cause or for Nonperformance due to Disability (if the Company has terminated the Agreement) or for Company Breach or Without Good Reason (if the Executive has terminated the Agreement).
Termination "Without Good Reason" shall mean termination of the Employee's employment by the Employee other than termination for Company Breach.
Upon termination of the Executive's employment during the Term by the Company for Nonperformance due to Disability, by the Company Without Cause or by the Executive for Company Breach, the Company shall permit the Executive and, if applicable, the Executive's heirs, to continue to participate in the Company's employee benefit plans, to the extent required by law and subject to the terms and conditions of such employee benefit plans.
The Notice of Termination shall indicate whether termination is being made for Cause, Without Cause or for Disability (if Employer has terminated the Agreement) or for Company Breach, upon a Change in Control or Without Good Reason (if the Employee has terminated the Agreement).