Common use of Termination by Company other than for Cause Clause in Contracts

Termination by Company other than for Cause. The Company may effect a Termination Other Than for Cause (as defined in Section 6.1.2 herein) of Employee's employment at any time upon giving written notice to Employee of such termination and without liability except as specifically set forth in this Subsection. The termination shall be effective as of the time set forth in such notice. At the effective time of any Termination Other Than for Cause, the Company shall pay Employee his salary as set forth in section 3.1 of this Agreement for the remainder of the Term and any reasonable and necessary business expenses incurred by Employee in connection with his duties hereunder to the date of termination, and Employee shall receive the benefits contemplated by Subsections 3.2.5 (b) and (c) of this Agreement.

Termination by Company other than for Cause. The Company may effect a Termination Other Than for Cause (as defined in Section Subsection 6.1.2 herein) of Employee's ’s employment at any time upon giving written notice to Employee of such termination and without liability except as specifically set forth in this Subsection. The termination shall be effective as of the time set forth in such notice. At the effective time of any Termination Other Than for Cause, the Company shall commence to pay Employee an amount equal to 150% of his annual salary as set forth in section 3.1 equal monthly installments over the period of this Agreement for the remainder of the Term one (1) year, and any reasonable and necessary business expenses incurred by Employee in connection with his duties hereunder to the date effective time of termination, and Employee shall receive the benefits contemplated by Subsections 3.2.5 (b) and (c) of this Agreement.

Termination by Company other than for Cause. The Company may effect a Termination Other Than for Cause (as defined in Section Subsection 6.1.2 herein) of Employee's employment at any time upon giving written notice to Employee of such termination and without liability except as specifically set forth in this Subsection. The termination shall be effective as of the time set forth in such notice. At the effective time of any Termination Other Than for Cause, the Company shall pay Employee his salary as set forth in section Section 3.1 of this Agreement for the remainder of the Term and any reasonable and necessary business expenses incurred by Employee in connection with his duties hereunder to the date of termination, and Employee shall receive the benefits contemplated by Subsections 3.2.5 3.2.6 (b) and (c) of this Agreement.

Termination by Company other than for Cause. The Company may effect a Termination Other Than for Cause (as defined in Section 6.1.2 Subsection 6.3 herein) of Employee's ’s employment at any time upon giving written notice to Employee of such termination and without liability except as specifically set forth in this Subsection. The termination shall be effective as of the time set forth in such notice. At the effective time of any Termination Other Than for Cause, the Company shall commence to pay Employee an amount equal to 150% of his annual salary as set forth in section 3.1 equal monthly installments over the period of this Agreement for the remainder of the Term one (1) year, and any reasonable and necessary business expenses incurred by Employee in connection with his duties hereunder to the date effective time of termination, and Employee shall receive the benefits contemplated by Subsections 3.2.5 (b) and (c) of this Agreement.