Termination by Company for Other Than Cause. If during the term of this Agreement the Company terminates the employment of Employee and such termination is not for Cause, then, subject to the provisions of Section 2.09, the Company shall pay to Employee an amount equal to the monthly portion of Employee’s Minimum Annual Compensation multiplied by the greater of twenty-four (24) or the number of months remaining in the term of this Agreement (the “Severance Period”) until such time as Employee shall become reemployed in a position consistent with Employee’s experience and stature. If Employee obtains such a position but Employee’s annual compensation shall be less than the Minimum Annual Compensation, then the difference shall be paid to Employee for the balance of the Severance Period. Such difference shall be calculated as follows: The difference between Employee’s Minimum Annual Compensation for any year, or lesser period, in which this Agreement would have been in effect and the annualized compensation payable to Employee in his new position during such period shall be payable in the same manner as the Minimum Annual Compensation was paid prior to termination over the period of such reemployment during such period. If the Employee’s employment in a new position shall terminate, then for the purposes of this Paragraph 4.01 Employee shall be entitled to continuation of the Minimum Annual Compensation until he shall again become reemployed, in which case only the difference shall be payable as aforesaid; and so on. [If the Employee’s employment shall terminate as aforesaid or if the Employee’s reemployment in a new position shall terminate, Employee shall use his best efforts to become reemployed as soon as reasonably possible in a position consistent with Employee’s experience and stature.]
Termination by Company for Other Than Cause. The Company may terminate this Agreement and the Employee’s employment, for any reason without cause and provided that the Employee executes a general release to be provided to the Company in form and substance acceptable to the Company, the Company shall pay to the Employee an amount equal to twelve (12) months’ Base Salary as provided in Section 2.1 (the “Severance”) plus accrued unused vacation, if any; provided that the Company shall not be required to pay the Severance in the event the Company elects to enforce Section 3.6, and continues paying Employee’s salary pursuant to Section 3.6 in an amount no less than the Severance amount.
Termination by Company for Other Than Cause. If during the term of this Agreement the Company terminates the employment of Employee and such termination is not for Cause, then, subject to the provisions of Section 2.07, the Company shall pay to Employee an amount equal to the monthly portion of Employee's Minimum Annual Compensation multiplied by the number of months remaining in the term of this Agreement (the "Severance Period") until such time as Employee shall become reemployed in a position consistent with Employee's experience and stature. If Employee obtains new employment, no further compensation shall be paid to Employee.
Termination by Company for Other Than Cause. The Company may terminate this Agreement and the Employee’s employment, for any reason without cause and provided that the Employee executes a general release to be provided to the Company in form and substance acceptable to the Company, the Company shall pay to the Employee an amount equal to nine (9) months’ salary and benefits plus one (1) month salary for every full year of service to the Company (the “Severance”) plus accrued vacation and pro-rata bonus, if any.”
Termination by Company for Other Than Cause. The Company may terminate this Agreement and the Employee's employment, for any reason without cause, provided that the Company provides the Employee pay in lieu of notice, equal to 12 months pay and full benefits, plus one month for each year of service. The Employee will have 6 months after termination to exercise all vested options in accordance with the terms of the Stock Option Plan. All unvested option immediately forfeit upon the Employee being provided with notice of termination of his employment.
Termination by Company for Other Than Cause. If during the term of this Agreement the Company terminates the employment of Employee and such termination is not for Cause, then, subject to the provisions of Section 2.08, the Company shall pay to Employee the Company shall pay to Employee, in one lump sum as soon as practicable, but in no event later than sixty (60) days after the date of such termination, the Minimum Annual Compensation times the number of years, or portions thereof, remaining in the term of this Agreement. Upon a termination pursuant to this Section 4.01, all Employee’s stock, options and warrants will become fully vested and any restricted stock will no longer be restricted to the extent permitted by law. To the extent that Employee is not fully vested in retirement Benefits from any pension, profit sharing or any other retirement plan or program (whether tax qualified or not) maintained by the Company, the Company shall pay directly to Employee the difference between the amounts which would have been paid to Employee had she been fully vested on the date that her employment terminated and the amounts actually paid or payable to Employee pursuant to such plans or programs.
Termination by Company for Other Than Cause. If the Company terminates the employment of the Executive without cause and without notice, the Executive will be entitled to receive as compensation in lieu of notice the remuneration that he would have received during the period following the termination for which the Executive is entitled to compensation for length of service under the Employment Standards Act.
Termination by Company for Other Than Cause. If during the term of this Agreement the Company terminates the employment of Employee and such termination is not for Cause, then the Company shall pay to Employee an amount equal to the monthly portion of Employee's Minimum Annual Compensation multiplied by twenty-four (24), plus the monthly cost to the Company of the continuation of Benefits at then current levels multiplied by twelve (12) (the "Severance Amount"). The Employee shall be under no duty to mitigate damages nor will the Severance Amount be diminished by earnings or income from other sources. The Company shall pay to Employee the Severance Amount, in one lump sum as soon as practicable, but in no event later than sixty (60) days after the date of such termination.
Termination by Company for Other Than Cause. The Company may terminate this Agreement and the Employee’s employment, for any reason. The Company may terminate the Employee without cause provided that the Company provides the Employee with:
Termination by Company for Other Than Cause. The Company may terminate this Agreement and the Employee’s employment, for any reason without cause, upon three (3) weeks’ notice of termination and, provided that the Employee executes a general release to be provided to the Company in form and substance acceptable to the Company, the Company shall pay to the Employee an amount equal to three (3) months’ salary, plus four (4) weeks’ salary for each completed year of service to the Company or to any Subsidiary of the Company (including IMT), up to a maximum of nine (9) months’ salary.
