Common use of Notice of Termination and Termination Date Clause in Contracts

Notice of Termination and Termination Date. Any termination of this Agreement by Employer or by Officer (including any Resignation) shall be communicated by a written Notice of Termination to the other party, stating the specific termination provision in this Agreement relied upon, if any, and setting forth in reasonable detail the facts and circumstances, if applicable, claimed to provide a basis for termination. The effective date of termination ("Termination Date") shall be (i) the date specified in the Notice of Termination, or (ii) in the event of Officer's Death, the date of Death, or (iii) in the event of Officer's resignation without providing Notice of Termination, Officer's last day of employment, or (iv) in the event of a Change in Control, either the date specified in the Notice of Termination or the last day of the term of this Agreement should same not be renewed on substantially comparable terms within two (2) years following the Change in Control.

Notice of Termination and Termination Date. Any termination of this Agreement by Employer or by Officer (including any Resignation) shall be communicated by a written Notice of Termination to the other party, stating the specific termination provision in this Agreement relied upon, if any, and setting forth in reasonable detail the facts and circumstances, if applicable, claimed to provide a basis for termination. The effective date of termination ("“Termination Date"”) shall be (i) the date specified in the Notice of Termination, or (ii) in the event of Officer's ’s Death, the date of Death, or (iii) in the event of Officer's ’s resignation without providing Notice of Termination, Officer's ’s last day of employment, or (iv) in the event of a Change in Control, either the date specified in the Notice of Termination or the last day of the term of this Agreement should same not be renewed on substantially comparable terms within two (2) years following the Change in Control.