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

Termination by Either Party Without Cause. This Agreement, and the employment relationship, may be terminated by either party without cause upon ninety (90) days written notice to the other. Except as otherwise agreed in writing or as otherwise provided in this Agreement, upon termination neither the Company nor Employee shall have any further obligation to each other by way of compensation or otherwise. Absent a termination as set forth above, this Agreement, and Crispin's employment hereunder, shall terminate automatically on December 31, 2007. Any agreement to extend the Term of this Agreement must be set forth in a written instrument signed by the Company and Employee.

Appears in 2 contracts

Samples: Employment Agreement (Aerocentury Corp), Employment Agreement (Aerocentury Corp)

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Termination by Either Party Without Cause. This Agreement, and the employment relationship, may be terminated by either party without cause upon ninety (90) days written notice to the other. Except as otherwise agreed in writing or as otherwise provided in this Agreement, upon termination neither the Company nor Employee shall have any further obligation to each other by way of compensation or otherwise. Absent a termination as set forth above, this Agreement, and CrispinAnderson's employment hereunder, shall terminate automatically on December ox Xxxxxxxx 31, 20072005. Any agreement to extend the Term of this Agreement must be set forth in a written instrument signed by the Company and Employee.

Appears in 1 contract

Samples: Employment Agreement (Aerocentury Corp)

Termination by Either Party Without Cause. This Agreement, and the employment relationship, may be terminated by either party without cause upon ninety (90) days written notice to the other. Except as otherwise agreed in writing or as otherwise provided in this Agreement, upon termination neither the Company nor Employee shall have any further obligation to each other by way of compensation or otherwise. Absent a termination as set forth above, this Agreement, and CrispinAnderson's employment hereunderhereundex, shall terminate xxxxx xerminate automatically on December 31, 20072005. Any agreement to extend the Term of this Agreement must be set forth in a written instrument signed by the Company and Employee.

Appears in 1 contract

Samples: Employment Agreement (Aerocentury Corp)

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Termination by Either Party Without Cause. This Agreement, and the employment relationship, may be terminated by either party without cause upon ninety (90) days written notice to the other. Except as otherwise agreed in writing or as otherwise provided in this Agreement, upon termination neither the Company nor Employee shall have any further obligation to each other by way of compensation or otherwise. Absent a termination as set forth above, this Agreement, and CrispinAnderson's employment hereunderhereundex, shall terminate xxxxx xerminate automatically on December 31, 2007. Any agreement to extend the Term of this Agreement must be set forth in a written instrument signed by the Company and Employee.

Appears in 1 contract

Samples: Employment Agreement (Aerocentury Corp)

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