Common use of Termination by the Company Other than for Cause Clause in Contracts

Termination by the Company Other than for Cause. The Company may terminate the Executive's employment hereunder at any time for any other reason, provided that the Company has given the Executive ninety (90) days' written notice of termination, termination being effective upon expiration of the notice period. In the event of such termination, the Executive shall be entitled to receive a severance benefit equal to Base Salary at the rate in effect at the time of termination for eighteen (18) months, and shall also be entitled to receive any salary and benefits accrued, vested and unpaid as of the date of any such termination and any benefits to which the Executive may be entitled under and in accordance with the terms of any employee benefit plan, policy or program maintained by the Company; and upon the Executive's receipt of such severance benefit, salary and benefits, the Company shall be under no further obligation hereunder to the Executive and the Executive no longer shall be entitled to receive any payment or any other rights or benefits under this Agreement.