Common use of Other Termination by the Company Clause in Contracts

Other Termination by the Company. (a) The Company may terminate the Term of Employment, other than a termination under Sections 5.1, 5.2, or 5.3, at any time upon written notice to you. In the event that your Term of Employment is so terminated, you will (subject to the requirements of Section 5.7) be treated as an employee of the Company (but without any title) until the end of the Severance Period (defined in Section 5.4(b) below) and entitled to receive Base Salary and target Bonus (as set forth in Section 3.2(a)) payments for that period in bi-weekly, substantially equal installments; provided however, that:

Appears in 3 contracts

Samples: Time Inc., Time Inc., Time Inc.

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Other Termination by the Company. (a) The Company may terminate the Term of Employment, other than a termination under Sections 5.1, 5.2, or 5.3, at any time upon written notice to you. In the event that your Term of Employment is so terminated, you will (subject to the requirements of Section 5.7) be treated as an employee of the Company (but without any title) until the end of the Severance Period (defined in Section 5.4(b) below) and entitled to receive Base Salary and target Average Annual Bonus (as set forth in Section 3.2(a)) payments for that period in bi-weekly, substantially equal installments; provided however, that:

Appears in 3 contracts

Samples: Time Inc., Time Inc., Time Inc.

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