Common use of Employer Termination Clause in Contracts

Employer 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 Employee's employment hereunder shall terminate upon his death, and Employer shall have the right, in its sole and absolute discretion, to terminate this Agreement and Employee's employment hereunder at any time by giving him written notice of such termination (i) for "Cause" (as defined below), (ii) if Employee shall fail to qualify for the fidelity bond described in Section 1.3 within sixty (60) days from the date of the Employer's written request thereunder, or (iii) if Employee shall suffer a Disability (as defined below).