Executive Termination

Executive Termination. Shall be deemed to have occurred if, between April 1, 2002 and that last day of this Agreement, the Executives resigns within 90 days after the first day of a quarter and on the first day of such quarter total trade credit available to the Company in the form of Parent Guarantees and letters of credit supporting management of the Company's crude oil position is less than $200 million. Additionally, for the 90 days following April 1, 2002 only, an Executive Termination can also occur if total... trade credit available to the Company in the form of Parent Guarantees and letters of credit supporting management of the Company's crude oil position is less than $200 million on the first day of any of the preceding three (3) quarters. View More