2005 Employment Contract

Points of Interest:

► This Contract, executed January 5, 2005, contained virtual identical provisions regarding termination payments:

  • Now that McGavick had received years of generous compensation, he was only entitled to a termination payment of one year’s base salary, even if terminated without cause. ¶ 6.1.
  • McGavick’s voluntarily resignation entitles him to only his final paycheck. ¶ 6.2.

► 30 Day Notice of Termination Required. ¶ 5.4.