Common use of Termination by Employer Other Than for Cause, Disability or Death Clause in Contracts

Termination by Employer Other Than for Cause, Disability or Death. Notwithstanding anything to the contrary contained in this Agreement, the Employer may terminate this Agreement for any or no reason during the Term (i.e., other than for Cause or Disability), such termination to be effective immediately upon the giving of written notice to Employee from the Employer. In the event of termination of employment by Employer without Cause, Employer’s obligations to provide all benefits under Article V and both parties’ obligations set forth in Article VI shall automatically cease, and Employer shall pay the Base Salary through the remaining Term of the Agreement in accordance with the payment schedules set forth in Section 4.1 hereof and the forfeiture restrictions with respect to the Restricted Stock granted pursuant to Section 3.3 hereof shall lapse.