BY CORPORATION WITHOUT CAUSE. The Corporation shall have the right to terminate this Agreement without Cause at any time upon thirty (30) days' advance written notice to Executive.
BY CORPORATION WITHOUT CAUSE. If the Corporation terminates Employee’s employment without Cause prior to November 30, 2007, then Employee shall be entitled to receive: (i) amounts due on the effective termination date; (ii) an amount (less applicable withholdings) equal to Employee’s then current monthly salary for the then remaining term of this Agreement, payable in accordance with the Corporation’s regular payroll periods or, at the Corporation’s option, as a lump sum; and (iii) Ten Thousand Dollars ($10,000) (less applicable withholdings) each month for twelve (12) months following November 30, 2007, payable in accordance with the Corporation’s regular payroll periods or, at the Corporation’s option, as a lump sum. During the twelve (12) month period following November 30, 2007, if Employee accepts employment or a consultancy with another entity or becomes self-employed, then he must notify the Corporation before such employment or consultancy begins and the payments made pursuant to Section 5.2(iii) shall be reduced by the amount of compensation to be paid to him in connection with such employment, consultancy or self-employment. If Employee does not notify the Corporation in accordance with this provision, then its obligation to make payments or further payments pursuant to Section 5.2(iii) shall cease.
BY CORPORATION WITHOUT CAUSE. If the Corporation terminates Employee’s employment without Cause prior to November 30, 2007, then Employee shall be entitled to receive: (i) amounts due on the effective termination date; (ii) an amount (less any applicable taxes and withholdings) equal to Employee’s then current monthly salary for the then remaining term of this Agreement payable in a lump sum within thirty (30) days of the termination date; and (iii) One Hundred Twenty Thousand Dollars ($120,000) (less any applicable taxes and withholdings) payable in a lump sum within thirty (30) days of the termination date.
BY CORPORATION WITHOUT CAUSE. The Corporation shall have the right to terminate this Agreement without Cause at any time upon Executive's Actual Receipt of thirty (30) days' advance written notice from the Corporation; provided, however, that the Corporation shall not be entitled to terminate this Agreement without Cause prior to the first anniversary of the Effective Date. The foregoing notwithstanding, termination by Executive With Good Reason or by Executive Without Good Reason prior to the first anniversary of the Effective Date shall not be deemed to be a breach of this Section 19(b) by the Corporation for any reason. Non-renewal of this Agreement shall not be deemed to be a termination of employment for purposes of this Agreement.
