Common use of Termination by Corporation Without Cause Clause in Contracts

Termination by Corporation Without Cause. This Agreement and Employee’s employment hereunder may be immediately terminated by Corporation without Cause. In the event of any such termination by Corporation without Cause, Corporation shall be obligated to continue to pay Employee (i) the Base Salary due Employee under this Agreement up to Employee’s termination date; and (ii) Severance Pay as defined below.

Termination by Corporation Without Cause. This Agreement and EmployeeExecutive’s employment hereunder may be immediately terminated by Corporation without Cause. In the event of any such termination by Corporation without Cause, Corporation shall be obligated to continue to pay Employee Executive (i) the Base Salary due Employee Executive under this Agreement up to EmployeeExecutive’s termination date; and (ii) Severance Pay as defined below.

Termination by Corporation Without Cause. This Agreement and Employee’s employment hereunder may be immediately terminated by Corporation without CauseCause by Corporation. In the event of any such termination by Corporation without Cause, Corporation shall be obligated to continue to pay Employee (i) the Base Salary due Employee under this Agreement up to Employee’s termination date; (ii) any accrued, but unused vacation time as specified in Section 5(E); and (iiiii) Severance Pay as defined below.