Common use of Termination by Consent Clause in Contracts

Termination by Consent. This Agreement may be terminated at any time by the parties’ mutual agreement, expressed in writing, with Company’s only obligation being the payment of all accrued, unpaid base salary and accrued, unused vacation, less applicable deductions and withholdings, and reimbursable business expenses owed by the Company to Executive through the date of termination (the “Accrued Amounts”) and without liability for severance compensation of any kind.

Termination by Consent. This Agreement may be terminated at any time by the parties’ mutual agreement, expressed in writing, with Company’s only obligation being the payment of all accrued, unpaid base salary and accrued, unused vacation, less applicable deductions and withholdings, and reimbursable business expenses owed by the Company to Executive through vacation compensation earned as of the date of termination (the “Accrued Amounts”) and without liability for severance compensation of any kind.