Common use of Termination by the Company Other Clause in Contracts

Termination by the Company Other. Than For Death, Disability or Cause (or Resignation by the Executive for Good Reason). Because the Executive’s employment is at will, it may be terminated at any time by the Company or the Executive, with or without Good Reason (as defined below) or with or without Cause, upon ninety (90) days advanced written notice by the Company to the Executive and upon thirty (30) days advanced written notice from the Executive to the Company. For purposes of this Agreement, “Good Reason” means the Executive’s termination of employment within thirty (30) days following the end of the Cure Period (as defined below) as a result of the occurrence of any of the following events without the Executive’s consent: (1) a reduction by Company in the Executive’s Base Salary then in effect by ten percent (10%) or more in the aggregate, other than as part of a salary reduction program approved by the Board of Directors pursuant to which the Base Salaries of the Chief Executive Officer, the Chief Financial Officer and the Chief Creative Officer are reduced by the same percentage at the same time and for the same period of time; or (2) the relocation of the Executive’s principal work location to a facility or a location which is outside of New York, NY. The Executive must provide written notice to Company of the condition that could constitute a “Good Reason” event within thirty (30) days of the initial existence of such condition and must provide the Company thirty (30) days from the date of such written notice to cure the purported “Good Cause” event (the “Cure Period”). If Executive’s employment is terminated by either: (1) the Company for any reason other than the Executive’s death, for Disability, or for Cause; or, (2) Executive for Good Reason, then the Executive is entitled to receive a Severance (as defined below) in addition to the Accrued Obligations.

Termination by the Company Other. Than For Death, Disability or Cause (or Resignation by the Executive for Good Reason). Because the Executive’s employment is at will, it may be terminated at any time by the Company or the Executive, with or without Good Reason (as defined below) or with or without Cause, upon ninety (90) days advanced written notice by the Company to the Executive and upon thirty (30) days advanced written notice from the Executive to the Company. For purposes of this Agreement, “Good Reason” means the Executive’s termination of employment within thirty (30) days following the end of the Cure Period (as defined below) as a result of the occurrence of any of the following events without the Executive’s consent: (1) a reduction by Company in the Executive’s Base Salary then in effect by ten percent (10%) or more in the aggregate, other than as part of a salary reduction program approved by the Board of Directors pursuant to which the Base Salaries of the Chief Executive Officer, the Chief Financial Officer and the Chief Creative Officer are reduced by the same percentage at the same time and for the same period of time; or (2) the relocation of the Executive’s principal work location to a facility or a location which is outside of New YorkFort Worth, NYTX. The Executive must provide written notice to Company of the condition that could constitute a “Good Reason” event within thirty (30) days of the initial existence of such condition and must provide the Company thirty (30) days from the date of such written notice to cure the purported “Good Cause” event (the “Cure Period”). If Executive’s employment is terminated by either: (1) the Company for any reason other than the Executive’s death, for Disability, or for Cause; or, (2) Executive for Good Reason, then the Executive is entitled to receive a Severance (as defined below) in addition to the Accrued Obligations.