Common use of Termination by Either Party Without Cause Clause in Contracts

Termination by Either Party Without Cause. This Agreement may be terminated by either party without cause by giving thirty (30) days' written notice of termination to the other party. Such termination shall not prejudice any remedy that the terminating party may have at law or in equity. Such termination "without cause" shall include (a) resignation of the Employee at the Employer's request at a time when no cause for termination exists, and (b) termination by the Employee as a result of a reduction in compensation or benefits (which is not a part of a prorata reduction in executive compensation or benefits for the Employer's senior executives) or as a result of a significant reduction in the Employee's responsibilities, and such termination occurs within sixty (60) days after such reduction. Upon any other voluntary termination by the Employee all unvested stock options and all other benefits, including severance pay, which might otherwise accrue to the Employee upon termination of this Agreement shall immediately terminate and be of no further force or effect.

Termination by Either Party Without Cause. This Agreement may be terminated by either party without cause by giving thirty (30) days' written notice of termination to the other party. Such termination shall not prejudice any remedy that the terminating party may have at law or in equity. Such termination "without cause" shall include (a) resignation of the Employee at the Employer's request at a time when no cause for termination exists, and (b) termination by the Employee as a result of a reduction in compensation or benefits (which is not a part of a prorata reduction in executive compensation or benefits for the Employer's senior executives) or as a result of a significant reduction in the Employee's responsibilities, and such termination occurs within sixty (60) days after such reduction. Upon any other voluntary termination by the Employee Employee, except a Termination Upon Sale or Change in Control of UVEW, all unvested stock options and all other benefits, including severance pay, which might otherwise accrue to the Employee upon termination of this Agreement shall immediately terminate and be of no further force or effect.

Termination by Either Party Without Cause. This Agreement may be terminated by either party without cause by giving thirty (30) days' written notice of termination to the other party. Such termination shall not prejudice any remedy that the terminating party may have at law or in equity. Such termination "without cause" shall include (a) resignation of the Employee at the Employer's request at a time when no cause for termination exists, and (b) termination by the Employee as a result of a reduction in compensation or benefits (which is not a part of a prorata reduction in executive compensation or benefits for the Employer's senior executives) or as a result of a significant reduction in the Employee's responsibilities, and such termination occurs within sixty (60) days after such reduction. Upon any other voluntary termination by the Employee Employee, all unvested stock options and all other benefits, including severance pay, which might otherwise accrue to the Employee upon termination of this Agreement shall immediately terminate and be of no further force or effect.