Termination by the Company for Reasons Other Than Cause. If the Employee's Termination Date occurs during the Agreement Period and is a result of the Employee's termination of employment by the Company for any reason other than Cause (and is not on account of the Employee's death, disability, or voluntary resignation, the mutual agreement of the parties or any other reason), then the Employee shall receive from the Company, payments under Paragraph 4(a) and such other severance benefits, if any, as determined by the Company. Notwithstanding the foregoing, the Company may, at any time, relieve the Employee of his duties for a specified period of time and such action on the part of the Company shall not be considered a termination of the Employee's employment hereunder. During any period that the Employee has been relieved of his duties pursuant to the foregoing sentence, all provisions of this Agreement, other than the provisions of Paragraphs 2 which require the Employee to actively perform services for the Company, shall continue to remain in full force and effect.
Termination by the Company for Reasons Other Than Cause. If the Company terminates the employment of Executive and such termination is not for Cause (a “Termination by the Company for Reasons Other Than Cause”), then, the Company shall pay to Executive an amount equal to Executive’s Annual Compensation at the time of such termination plus (i) if the termination is during the first three years of this Agreement, the annual cash portion of the Incentive Compensation that was paid to him in the last Performance Year or (ii) if the termination is after the first three years of this Agreement, the average of the annual cash portion of the Incentive Compensation that was paid to him in the last three Performance Years. Such amount shall be paid to Executive in no event later than sixty (60) days after the date of such termination. To the extent that Executive is not fully vested in Benefits from any pension or any other retirement plan or program (whether tax qualified or not) maintained by the Company, the Company shall obtain and pay the premium upon an annuity policy to provide Executive with Benefits as though he had been fully vested on the date that his employment terminated. See Exhibit A for full disclosure of the compensation.
Termination by the Company for Reasons Other Than Cause. If the Executive's Termination Date occurs during the Employment Period and is a result of the Executive's termination of employment by the Company for any reason other than Cause (and is not on account of the Executive's death, disability, or voluntary resignation, the mutual agreement of the parties or any other reason), then the Executive shall receive from the Company for the period commencing on his Termination Date and ending on the earliest of (i) last day of the Employment Period, (ii) the six month anniversary of his Termination Date, (iii) the date on which the Executive violates the provisions of Section 6 of this Agreement, or (iv) the date of the Executive's death, the Salary in effect as of his Termination Date, payable in accordance with the provisions of paragraph 3(a). Notwithstanding the foregoing, the Company may, at any time, relieve the Executive of his duties for a specified period of time and such action on the part of the Company shall not be considered a termination of the Executive's employment hereunder. During any period that the Executive has been relieved of his duties pursuant to the foregoing sentence, all provisions of this Agreement, other than the provisions of Section 2 which require the Executive to actively perform services for the Company, shall continue to remain in full force and effect.
Termination by the Company for Reasons Other Than Cause. In the event of the termination of this Agreement by the Company for any reason other than "Cause" (as hereinafter defined), the Employee shall be entitled (without any obligation on the part of the Employee to mitigate damages) to continuation of the salary and the benefits provided hereunder, and for each remaining quarter of the term of this Agreement, Employee shall also receive the greater of (i) the Employee Bonuses due pursuant to Section 4.B. of this Agreement or (ii) fifteen percent (15%) of the salary paid to Employee for such quarter. Continuation of the salary and the benefits hereunder shall not constitute continuation of employment for the purposes of Paragraph 5.
Termination by the Company for Reasons Other Than Cause. If the Company terminates the employment of Employee and such termination is not for Cause (a “Termination by the Company for Reasons Other Than Cause”), then, the Company shall pay to Employee as defined in Exhibit A.
Termination by the Company for Reasons Other Than Cause. In the event of the termination of this Agreement by the Company for any reason other than "Cause" (hereinafter defined), the Executive shall be entitled (without any obligation on the part of the Executive to mitigate damages) to continuation of his Base Salary and the benefits set forth in Paragraphs 5, 6 and 7 herein for the remainder of the term of this Agreement. Notwithstanding the foregoing, the provisions of Paragraph 3 shall survive termination of this Agreement for all purposes.
Termination by the Company for Reasons Other Than Cause. If the Employee's Termination Date occurs during the Employment Period and is a result of the Employee's termination of employment by the Company for reasons other than Cause (as defined below) and is not on account of Employee's death, disability, voluntary resignation, termination by the Company for Cause or the mutual agreement of the parties, then the Employee shall receive from the Company for the period commencing on his Termination Date and ending on the earliest of (i) last day of the Employment Period, (ii) the date of the Employee's death, or (iii) the first anniversary of the Termination Date, the Salary in effect as of her Termination Date, payable in accordance with the provisions of paragraph 3(a). For purposes of this Agreement, the term "Cause" shall mean (i) the continuous failure by the Employee to substantially perform her duties under this Agreement for 30 days following written notice by a majority of the non-employee Board members, (ii) the willful, and in bad faith, failure by Employee to cease engaging in conduct which is demonstrably and materially injurious to the Company or its affiliates, monetarily or otherwise for 30 days following written notice by a majority of the non-employee Board members, (iii) conduct by the Employee that involves theft, fraud or dishonesty, or (iv) the Employee's violation of the provisions of Sections 6 or 7 hereof.
Termination by the Company for Reasons Other Than Cause. (1) The foregoing notwithstanding, the Company may terminate the Executive’s employment for whatever reason it deems appropriate; provided, however, that in the event such termination is not based on Cause as provided in Section 6(c) above, the Company may terminate this Agreement upon giving thirty (30) days prior written notice. During such thirty (30) day period following the delivery of the notice, the Executive shall continue to perform the Executive’s duties pursuant to this Agreement, and the Company shall continue to compensate the Executive in accordance with this Agreement. At the expiration of such thirty (30) day period, the Executive will be entitled to continued Executive Benefits to be paid by the Company for the balance of the Initial Term or any then-current Renewal Term and Compensation for a period of one (1) year.
Termination by the Company for Reasons Other Than Cause. The Company may unilaterally terminate the Executive’s employment under this Agreement at any time without Cause by giving one month’s advance written notice to the Executive. During such one-month period, the Executive shall be available on a full-time basis for the benefit of the Company to, among other things, assist the Company in transitioning any matters. The Company, at its option and in its discretion, may elect to pay the Executive his prorated Base Salary rate for all or any portion of one month in lieu of such notice and the Executive shall resign (or be deemed to have resigned, if he does not otherwise do so), as of the Termination Date, from the offices he then holds pursuant to Section 1. In the event the Company terminates the Executive’s employment under this Section 5(C), the Executive shall be entitled to payment of the Accrued Obligations, and the following payments and benefits, within two and one-half months following such termination; provided, that the Executive’s entitlement to the following shall be subject to his timely execution (and the non-revocation) of a comprehensive release of claims in a form, and of a scope, acceptable to the Company:
Termination by the Company for Reasons Other Than Cause. In the event of the termination of this Agreement by TACT for any reason other than "Cause" (as hereinafter defined), the Employee shall be entitled (without any obligation on the part of the Employee to mitigate damages) to continuation of the salary provided in Paragraph 5 Subpart (C). Continuation of the salary and the benefits hereunder shall not constitute continuation of employment for the purposes of Paragraph 5.
