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

Termination by the Company Other than for Cause. (i) 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 4(c) above, the Company shall continue to be obligated to pay to Executive his base salary through the earlier of (A) twelve (12) months or (B) the remaining term of this Agreement. In such event, Executive shall have a duty to mitigate such payments.

Appears in 5 contracts

Samples: Executive Employment Agreement (GTX Corp), Executive Employment Agreement (GTX Corp), Executive Employment Agreement (GTX Corp)

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Termination by the Company Other than for Cause. (i) The foregoing notwithstanding, the Company may terminate the Executive's ’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 4(c) above, or if Executive’s employment is terminated under Sections 4(f) or 4(g) hereto the Company shall continue to be obligated to pay to Executive his base salary through the earlier of (A) Salary for twelve (12) months and the Company shall waive any lapse provisions of stock options or (B) restricted stock grants made theretofore by the remaining term of this Agreement. In such event, Executive shall Company that have a duty to mitigate such paymentsvested.

Appears in 4 contracts

Samples: Executive Employment Agreement (Elandia, Inc.), Executive Employment Agreement (Elandia, Inc.), Executive Employment Agreement (Elandia, Inc.)

Termination by the Company Other than for Cause. (i) The foregoing notwithstanding, the Company may elect to terminate the Executive's employment for whatever reason it deems appropriateat any time during the Term or any Renewal Term without cause; provided, however, that in the event such termination is not based on For Cause, as provided in Section 4(c) above, the Company shall continue to be obligated as severance to pay to the Executive his base salary through the earlier of 2 (A) twelve (12two) months or (B) of the remaining term of this Agreement. In such event, Executive shall have a duty to mitigate such paymentsemployees base salary.

Appears in 3 contracts

Samples: Executive Employment Agreement (IIM Global Corp), Executive Employment Agreement (IIM Global Corp), Executive Employment Agreement (IIM Global Corp)

Termination by the Company Other than for Cause. (i) The foregoing notwithstanding, the Company may terminate the Executive's ’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 4(c) 4.c above, or if Executive’s employment is terminated under Section 4.f. hereto, the Company shall continue to be obligated to pay to Executive his base salary through the earlier of (A) Salary for twelve (12) months and the Company shall waive any lapse provisions of stock options or (B) restricted stock grants made theretofore by the remaining term of this Agreement. In such event, Executive shall Company that have a duty to mitigate such paymentsvested.

Appears in 2 contracts

Samples: Executive Employment Agreement (Elandia, Inc.), Executive Employment Agreement (Elandia, Inc.)

Termination by the Company Other than for Cause. (i) The foregoing notwithstanding, the Company may terminate the Executive's ’s employment for whatever reason it deems appropriate; provided, however, that after the first anniversary of this Agreement, in the event such termination is not based on Cause, as provided in Section 4(c) above, or if Executive’s employment is terminated under Sections 4(d) hereto the Company shall continue to be obligated to pay to Executive his base salary through the earlier of (A) twelve (12) Salary for three months or (B) the remaining term of this Agreement. In such event, Executive shall have a duty to mitigate such paymentsafter written notice.

Appears in 1 contract

Samples: Executive Employment Agreement (Car Charging Group, Inc.)

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Termination by the Company Other than for Cause. (i1) 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 4(c6(b) above, or if Executive's employment is terminated under Section 6(f) hereof, the Company shall continue to be obligated to pay to Executive his base salary all Salary and benefits through the earlier end of (A) twelve (12) months or (B) the remaining term of this Agreement. In such event, Executive shall have a duty to mitigate such paymentsthen current term.

Appears in 1 contract

Samples: Executive Employment Agreement (United Information Systems Inc)

Termination by the Company Other than for Cause. (i) The foregoing notwithstanding, the Company may terminate the Executive's ’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 4(c) 6.c, above, the Company may terminate this Agreement upon giving six (6) months’ prior written notice. During such six (6) month period, the Executive shall continue to be obligated perform the Executive’s duties pursuant to pay to Executive his base salary through the earlier of (A) twelve (12) months or (B) the remaining term of this Agreement, or at the sole discretion of the Company, payment in lieu of notice. In such event, Executive All Options shall have a duty to mitigate such paymentsvest in accordance with Section 5(c) upon termination other than for Cause.

Appears in 1 contract

Samples: Executive Employment Agreement (Energys Group LTD)

Termination by the Company Other than for Cause. (i) 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 4(c) above, the Company shall continue to be obligated to pay to Executive his base salary through the earlier later of (A) twelve three (123) months or (B) the remaining term of this Agreement. In such event, Executive shall have a no duty to mitigate such payments.

Appears in 1 contract

Samples: Employment Agreement (Interactive Television Networks)

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