Termination by the Company or Executive. The Company may terminate the employment of Executive, with or without Cause, at any time upon giving “Notice of Termination” (as defined below). Executive may terminate Executive’s employment at any time, for any reason, upon giving Notice of Termination.
Termination by the Company or Executive. (a) During the one (1) year period after the Effective Date, this Agreement may not be voluntarily terminated by either party except pursuant to Section 7.2, 7.3 or 7.4 below.
(b) After the one (1) year period in Section 7.1(a), for two (2) years thereafter, Executive may not be voluntarily terminated by the Company except pursuant to Section 7.2, 7.3 or 7.4 below, provided, however that during said two year period the board of directors of the Company may alter the responsibilities of the Executive to other senior-level functions, and change the Executive’s title to a mutually agreeable alternative title.
(c) If during the initial three (3) year period following the Agreement Date, the employment of the Executive is terminated for any reason other than pursuant to Section 7.2, 7.3, or 7.4, or for no good reason, the Company shall be obligated to:
(i) Pay Executive as soon as practicable following termination of employment, a lump sum severance amount equal to one (1) times Executive’s Base Compensation, subject to legally required withholding requirements. Said severance will be due and payable within thirty (30) days following the date of termination;
(ii) Accelerate and vest in full Executive’s stock options, pursuant to such Executive’s option agreement, effective as of immediately upon the date of such termination;
(iii) Subject to Executive’s election to receive COBRA, pay for the Executive’s premiums charged to continue medical and dental coverage pursuant to COBRA for the Executive during the 12 month period commencing with continuation coverage for the month following the month in which the date of termination occurs, provided, that if Executive is not eligible to receive, or if the Company is not able to provide, continuation coverage under COBRA for any month during the continuation period, the Company shall pay the Executive a cash payment equal to its portion of the applicable COBRA premiums on an after-tax basis (with such payment to be made in the same month for which the continuation coverage was otherwise to be provided). Notwithstanding the forgoing provisions of this paragraph, in the event the Executive becomes reemployed with another employer and becomes eligible to receive medical and dental benefits from such employer during any month in the 12 month continuation period provided for by this paragraph, the Company shall have no obligation to pay, reimburse or otherwise provide the Executive with continuation coverage for any such mont...
Termination by the Company or Executive. (a) Executive’s employment hereunder may be terminated by either the Company or the Executive, for any or no reason. Upon termination, Executive shall be entitled to receive:
(i) any accrued but unpaid Base Salary through the Termination Date which shall be paid on the pay date immediately following the Termination Date in accordance with the Company’s customary payroll procedures;
(ii) reimbursement for unreimbursed business expenses properly incurred by Executive through the Termination Date, which shall be subject to and paid in accordance with the Company’s expense reimbursement policy (the amounts described in 5.1(a)(i) and (ii) are collectively referred to as “Accrued Amounts”); and
(iii) such employee benefits, if any, to which Executive may be entitled under the Company’s employee benefit plans as of the Termination Date; provided that, in no event shall Executive be entitled to any payments in the nature of severance or termination payments.
Termination by the Company or Executive. Executive or the Company may terminate this Agreement at will, for any reason, or for no reason at all, upon six (6) months prior written notice.
Termination by the Company or Executive. Either party may voluntarily terminate this Agreement with thirty (30) days prior written notice.
Termination by the Company or Executive. (a) During the one (1) year period after the Effective Date, this Agreement may not be terminated by either party except pursuant to Section 7.2, 7.3 or 7.4 below.
(b) After the one (1) year period in Section 7.1(a), for two (2) years thereafter, Executive may not be terminated by the Company except pursuant to Section 7.2, 7.3 or 7.4 below, provided, however that during said two year period the board of directors of the Company may alter the responsibilities of the Executive to other senior-level functions, and change the Executive’s title to a mutually agreeable alternative title.
Termination by the Company or Executive. Either the Company or Executive may terminate this Agreement, the Term and Executive’s employment hereunder at any time, for any reason, with or without cause or reason.
Termination by the Company or Executive. (i) The Company may terminate Executive's employment hereunder with "Cause." For purposes of this Agreement, "Cause" shall mean (i) Executive's material failure, refusal or neglect to perform and discharge his duties and responsibilities hereunder, any other material breach of the terms hereof, or breach of any fiduciary duties he may have because of any position he holds with the Company or any subsidiary or affiliate thereof; or (ii) a felony conviction or a conviction for any crime involving Executive's personal dishonesty or moral turpitude. If Executive's employment is terminated by the Company for Cause pursuant to this Section 5(d), the Company shall have no further obligations to Executive hereunder after the Termination Date, except for the payment of any unpaid Salary and benefits accrued through the Termination Date.
Termination by the Company or Executive. During the first one (1) year period after the Effective Date (i.e., through 11:59 p.m. on February 6, 2017), this Agreement may not be voluntarily terminated by either party except by the Company for the reasons provided in Sections 7.2, 7.3 and 7.4 below. However, the Board of Directors of the Company may alter the responsibilities of the Executive to other senior-level functions at any time during this period. In the event the Company does not advise the Executive that this Agreement will not automatically renew at least 90 days prior to the expiration of the one (1) year period ending at 11:59 p.m. on February 6, 2017, and therefore the Agreement renews for another one (1) year period ending on February 6, 2018, during that one year period from February 7, 2017 to February 6, 2018 and during any successive term of this Agreement, either the Company or the Executive may terminate this Agreement at any time, for any reason, with or without Cause as defined in Section 7.4, with the understanding that the terminating party will endeavor to provide at least sixty (60) days’ notice prior to such termination (except in the event of a termination by the Company for Cause as defined in Section 7.4) and with the acknowledgment that any such termination shall not be considered a breach of this Agreement.
Termination by the Company or Executive. (a) The Company may terminate Executive's employment at any time prior to expiration of the Stated Term without any breach of this Agreement only upon written notice to Executive as provided in any of clauses (a)(i), (ii), (iii) and (iv) of this Section 7.
(i) The Company may terminate Executive's employment for Cause if there exists Cause for termination and the Company delivers to Executive written notice within sixty (60) days of knowledge by the Board of an event constituting such Cause. For purposes of this Agreement, the term "Cause" means:
