Common use of By Employer Not For Cause Clause in Contracts

By Employer Not For Cause. Except as modified in section 3(c), below, at any time, XXXX.XXX may terminate Employee's employment for any reason, with or without Cause, by providing one hundred eighty (180) days' advance written notice, and shall have the option, in its discretion, to terminate Employee's employment at any time prior to the end of such notice period, provided XXXX.XXX pays Employee an amount equal to the base compensation Employee would have earned through the balance of the above notice period plus benefits, thereafter all of XXXX.XXX's obligations under this Agreement shall cease. In the event that XXXX.XXX exercises its right to terminate Employee's employment upon notice under the terms of this subsection, Employee shall be immediately entitled to exercise one hundred percent (100%) of any stock options granted by XXXX.XXX that had not previously vested. If the stock of XXXX.XXX or any parent company is publicly traded, Employee's exercise of stock options subject to vesting under this subsection must be made within four (4) months of the date upon which Employee was informed of XXXX.XXX's intent to terminate his employment. In the event XXXX.XXX's stock is not publicly traded, Employee's exercise of stock options must be made within twelve (12) months of the date upon which Employee was informed of XXXX.XXX's intent to terminate his employment.

By Employer Not For Cause. Except as modified in section 3(c), below, at any time, XXXX.XXX XOOM may terminate Employee's Xx. Xxxxxxxxx'x employment for any reason, with or without Cause, by providing one hundred eighty (180) days' advance written notice, and shall have the option, in its discretion, to terminate Employee's Xx. Xxxxxxxxx'x employment at any time prior to the end of such notice period, provided XXXX.XXX XOOM pays Employee Xx. Xxxxxxxxx an amount equal to the base compensation Employee Xx. Xxxxxxxxx would have earned through the balance of the above notice period plus benefits, thereafter all of XXXX.XXXXOOM's obligations under this Agreement shall cease. In the event that XXXX.XXX XOOM exercises its right to terminate Employee's Xx. Xxxxxxxxx'x employment upon notice under the terms of this subsection, Employee Xx. Xxxxxxxxx shall be immediately entitled to exercise one hundred percent (100%) of any stock options granted by XXXX.XXX XOOM that had not previously vested. If the stock of XXXX.XXX XOOM or any parent company is publicly traded, Employee's Xx. Xxxxxxxxx'x exercise of stock options subject to vesting under this subsection must be made within four (4) months of the date upon which Employee Xx. Xxxxxxxxx was informed of XXXX.XXXXOOM's intent to terminate his employment. In the event XXXX.XXXXOOM's stock is not publicly traded, Employee's Xx. Xxxxxxxxx'x exercise of stock options must be made within twelve (12) months of the date upon which Employee Xx. Xxxxxxxxx was informed of XXXX.XXXXOOM's intent to terminate his employment. XOOM may dismiss Xx. Xxxxxxxxx with or without cause notwithstanding anything to the contrary contained in or arising from any statements, policies, or practices of XOOM relating to employment, discipline, or termination.

By Employer Not For Cause. Except as modified in section 3(c), below, at any time, XXXX.XXX XOOM may terminate Employee's employment for any reason, with or without Cause, by providing one hundred eighty ninety (18090) days' advance written notice, and shall have the option, in its discretion, to terminate Employee's employment at any time prior to the end of such notice period, provided XXXX.XXX XOOM pays Employee an amount equal to the base compensation Employee would have earned through the balance of the above notice period plus benefits, thereafter all of XXXX.XXXXOOM's obligations under this Agreement shall cease. In the event that XXXX.XXX XOOM exercises its right to terminate Employee's employment upon notice under the terms of this subsection, Employee shall be immediately entitled to exercise one hundred percent (100%) of any stock options granted by XXXX.XXX XOOM that had not previously vested. If the stock of XXXX.XXX XOOM or any parent company is publicly traded, Employee's exercise of stock options subject to vesting under this subsection must be made within four (4) months of the date upon which Employee was informed of XXXX.XXXXOOM's intent to terminate his employment. In the event XXXX.XXXXOOM's stock is not publicly traded, Employee's exercise of stock options must be made within twelve (12) months of the date upon which Employee was informed of XXXX.XXXXOOM's intent to terminate his employment. XOOM may dismiss Employee with or without cause notwithstanding anything to the contrary contained in or arising from any statements, policies, or practices of XOOM relating to employment, discipline, or termination.