Common use of Discharge Without Cause or Resignation for Good Reason Clause in Contracts

Discharge Without Cause or Resignation for Good Reason. If Executive is discharged without Cause or resigns for Good Reason during the Initial Term, Executive shall receive severance pay equal his Base Salary for six (6) months. The severance payment shall be payable in a lump sum as soon as practicable, but no later than 60 days of Executive’s termination of employment. The severance payment will be made provided that Executive signs and does not timely revoke a general release of claims (including, without limitation, contractual, common law and statutory claims) against the Company and its officers, directors, Executives and agents. Executive will also receive any vested benefits to which Executive is entitled under the Company’s compensation and Executive benefit plans in accordance with, to the extent provided in, and subject to the restrictions and payout schedules contained in those plans, including, but not limited to the company’s Stock Plan.

Discharge Without Cause or Resignation for Good Reason. If Executive is discharged without Cause or resigns for Good Reason during the Initial Term, Executive shall receive severance pay equal his her Base Salary for six (6) months. The severance payment shall be payable in a lump sum as soon as practicable, but no later than 60 days of Executive’s termination of employment. The severance payment will be made provided that Executive signs and does not timely revoke a general release of claims (including, without limitation, contractual, common law and statutory claims) against the Company and its officers, directors, Executives and agents. Executive will also receive any vested benefits to which Executive is entitled under the Company’s compensation and Executive benefit plans in accordance with, to the extent provided in, and subject to the restrictions and payout schedules contained in those plans, including, but not limited to the company’s Stock Plan.

Discharge Without Cause or Resignation for Good Reason. If Executive is discharged without Cause or resigns for Good Reason during the Initial Term, Executive shall receive $100 as severance pay equal his Base Salary for six (6) monthspay. The severance payment shall be payable in a lump sum as soon as practicable, but no later than 60 days of Executive’s 's termination of employment. The severance payment will be made provided that Executive signs and does not timely revoke a general release of claims (including, without limitation, contractual, common law and statutory claims) against the Company and its officers, directors, Executives and agents. Executive will also receive any vested benefits to which Executive is entitled under the Company’s 's compensation and Executive benefit plans in accordance with, to the extent provided in, and subject to the restrictions and payout schedules contained in those plans, including, but not limited to the company’s 's Stock Plan.

Discharge Without Cause or Resignation for Good Reason. If Executive is discharged without Cause or resigns for Good Reason during the Initial Term, Executive shall receive $100 as severance pay equal his Base Salary for six (6) monthspay. The severance payment shall be payable in a lump sum as soon as practicable, but no later than 60 days of Executive’s termination of employment. The severance payment will be made provided that Executive signs and does not timely revoke a general release of claims (including, without limitation, contractual, common law and statutory claims) against the Company and its officers, directors, Executives and agents. Executive will also receive any vested benefits to which Executive is entitled under the Company’s compensation and Executive benefit plans in accordance with, to the extent provided in, and subject to the restrictions and payout schedules contained in those plans, including, but not limited to the company’s Stock Plan.