Common use of Termination By Company Without Cause or Resignation by Executive for Good Reason Clause in Contracts

Termination By Company Without Cause or Resignation by Executive for Good Reason. (a) The Company may terminate Executive’s employment at any time without Cause during the Employment Period from the position in which Executive is employed hereunder upon not less than thirty (30) days’ prior written notice to Executive. The Company shall have the discretion to terminate Executive’s employment during the notice period and pay continued Base Salary in lieu of notice. In addition, Executive may initiate a termination of employment under this Section 3.1 by resigning for Good Reason (in accordance with the notice and other provisions set forth in Section 3.7(b)).

Termination By Company Without Cause or Resignation by Executive for Good Reason. (a) The Company may terminate Executive’s employment at any time without Cause during the Employment Period from the position in which Executive is employed hereunder upon not less than thirty (30) days’ prior written notice to Executive. The Company shall have the discretion to terminate Executive’s employment during the notice period and pay continued Base Salary in lieu of notice. In addition, Executive may initiate a termination of employment under this Section 3.1 3.1(a) by resigning for Good Reason (in accordance with the notice and other provisions set forth in Section 3.7(b)).