Common use of At-Will Employment; Termination Clause in Contracts

At-Will Employment; Termination. Your employment with the Company will be “at will,” such that the Company may terminate your employment at any time, with or without reason and with or without notice. You agree to provide the Company with at least sixty (60) days advance written notice of any voluntary resignation of your employment hereunder, and, in such event, the Company in its sole discretion may elect to accelerate the effective date of termination. The Company reserves the right to require that you not be in the offices of the Company or any of its affiliates and/or not undertake all or any of your duties and/or not contact clients, colleagues or advisors of the Company or any of its affiliates (unless otherwise instructed) during all or part of any period of notice of your termination of service (in which case you will be referred to hereunder as being on “garden leave”). During any period of garden leave, your terms and conditions of service and duties of fidelity and confidentiality to the Company will remain in full force and effect and, during any such period, you will remain a service provider to the Company and will not be employed or engaged in any other business. Upon termination of your employment for any reason, you agree to resign, as of the date of termination or such other date requested by the Company, from all positions and offices that you then hold with the Company and its subsidiaries and affiliates. Following the termination of your employment with the Company by either party and for any reason, all obligations of the Company to pay or provide you with compensation and benefits will cease, except (i) for the payment of any unpaid base salary or any unreimbursed expenses, in each case accrued or incurred through the effective date of the termination of your employment (the “termination date”), which will be payable as soon as practicable and in all events within 30 days following the termination date, (ii) as explicitly set forth in any other benefit plans or arrangements applicable to terminated employees in which you participate and (iii) as otherwise expressly required by applicable law (collectively, the “Accrued Obligations”). For the avoidance of doubt, except as described in Exhibit A attached hereto, any bonus for the year of termination of employment is forfeited if your employment is terminated for any reason. In addition, if your employment with the Company is terminated in certain circumstances, you (or your estate) will be entitled to receive certain payments and benefits as described in Exhibit A attached hereto, and subject to the conditions set forth therein.