Common use of TERMINATION BY EXECUTIVE WITHOUT Clause in Contracts

TERMINATION BY EXECUTIVE WITHOUT. GOOD REASON OR DUE TO EXECUTIVE NOT RENEWING THE TERM. Executive may terminate his employment without Good Reason (as defined below) at any time prior to expiration of the Term. For purposes of this clause (c), if Executive provides the notice not to renew the Term, such termination shall be treated in the same fashion as a termination by Executive without Good Reason. Upon such termination of employment, the Company shall pay Executive his Accrued Benefits at the times set forth in 8(a) above; provided, however, the benefits described in 8(a)(ii) shall only be paid if such termination occurs after the finalization of the Company’s audited financial statements for the year prior to the year of termination.

TERMINATION BY EXECUTIVE WITHOUT. GOOD REASON OR DUE TO EXECUTIVE NOT RENEWING THE TERM. Executive may terminate his employment without Good Reason (as defined below) at any time prior to expiration of the Term. For purposes of this clause (c), if Executive provides the notice not to renew the Term, such termination shall be treated in the same fashion as a termination by Executive without Good Reason. Upon such termination of employment, the Company shall pay Executive his Accrued Benefits at the times set forth in 8(a10(a) above; provided, however, the benefits described in 8(a)(iiSection 10(a)(ii) shall only be paid if such termination occurs after the finalization of the Company’s audited financial statements for the year prior to the year of termination.