Common use of Earlier Termination of Term Clause in Contracts

Earlier Termination of Term. The Executive’s employment with the Company may terminate prior to the expiration of the Term as follows: (1) The Company may terminate the Executive’s employment hereunder for Cause (as defined below) immediately upon written notice to the Executive, and it may terminate Executive’s employment hereunder without Cause or upon the Executive’s Disability (as defined below) upon giving the Executive at least thirty (30) days’ advance written notice; (2) The Executive’s employment hereunder shall terminate automatically upon his or her death without any further notice or action required; (3) Other than upon Relocation (as defined below), the Executive may resign his or her employment hereunder upon giving the Company at least one hundred twenty (120) days’ advance written notice; or (4) The Executive may resign from his or her employment with the Company upon Relocation, as set forth in Section 4(d) below. The Executive’s last day of employment with the Company, whether upon expiration of the Term or earlier termination as provided above, shall be the “Termination Date”. During some or all of any notice period provided above, the Company may, in its sole discretion, direct the Executive to perform some or none of his or her regular duties, provided that, notwithstanding any election by the Company to direct the Executive to perform none of his or her regular duties during the notice period, the Executive shall be entitled to compensation at the Base Salary for the entire notice period.

Earlier Termination of Term. The Executive’s employment with the Company may terminate prior to the expiration of the Term as follows: (1) The Company may terminate the Executive’s employment hereunder for Cause (as defined below) immediately upon written notice to the Executive, and it may terminate Executive’s employment hereunder without Cause or upon the Executive’s Disability (as defined below) upon giving the Executive at least thirty (30) days’ advance written notice; (2) The Executive’s employment hereunder shall terminate automatically upon his or her death without any further notice or action required; (3) Other than upon Relocation with Good Reason (as defined below), the Executive may resign his or her employment hereunder upon giving the Company at least one hundred twenty (120) days’ advance written notice; or (4) The Executive may resign from his or her employment with the Company upon Relocationwith Good Reason, as set forth in Section 4(d) below. The Executive’s last day of employment with the Company, whether upon expiration of the Term or earlier termination as provided above, shall be the “Termination Date”. During some or all of any notice period provided above, the Company may, in its sole discretion, direct the Executive to perform some or none of his or her regular duties, provided that, notwithstanding any election by the Company to direct the Executive to perform none of his or her regular duties during the notice period, the Executive shall be entitled to compensation at the Base Salary for the entire notice period.