Common use of Company Termination Clause in Contracts

Company Termination. (a) Notwithstanding any other provision of this Agreement, at any time during the Employment Period, including, without limitation, the Initial Term, this Agreement and Executive's employment hereunder shall terminate upon his death, and Company shall have the right, in its sole and absolute discretion, to terminate this Agreement and Executive's employment hereunder at any time by giving him written notice of such termination (1) for "Cause" (as defined below), or (2) if Executive shall suffer a Disability (as defined below). In the event of Executive's death during the Employment Period, the Company shall (i) pay to Executive's estate an amount equal to one years Base Salary, (ii) pay to Executive's estate a pro rata portion of any bonus which would have been payable but for Executive's death; (iii) vest Executive fully in any Company stock grant and stock options held by Executive at his death.

Company Termination. (a) Notwithstanding any other provision of this Agreement, at any time during the Employment Period, including, without limitation, the Initial Term, this Agreement and Executive's employment hereunder shall terminate upon his death, and Company shall have the right, in its sole and absolute discretion, to terminate this Agreement and Executive's employment hereunder at any time by giving him written notice of such termination (1) for "Cause" (as defined below), or (2) if Executive shall suffer a Disability (as defined below). In the event of Executive's death during the Employment Period, the Company shall (i) pay to Executive's estate an amount equal to one years year's Base Salary, (ii) pay to Executive's estate a pro rata portion of any bonus which would have been payable but for Executive's death; (iii) vest Executive fully in any Company stock grant and stock options held by Executive at his death.