Common use of Termination by the Company without Due Cause Clause in Contracts

Termination by the Company without Due Cause. The Company may terminate the Employment Period without Due Cause upon thirty (30) days' prior written notice. If the Employment Period is terminated pursuant to this SECTION 9(D), then Executive will be entitled to receive as severance pay the Executive's Base Salary plus benefits (at the same cost to the Executive as in effect immediately prior to such termination of employment) for a period of six (6) months, payable at the Company's regular payroll intervals. Notwithstanding the above, Executive shall receive such amounts only if Executive is not in material breach of any of the provisions of the Confidentiality, Inventions, Non-Competition and Non-Solicitation Agreement. Except as set forth in the first sentence of this SECTION 9(D) and as otherwise described in the Subscription Agreement, if the Employment Period is terminated pursuant to this SECTION 9(D), the Company shall have no further obligation to Executive.

Termination by the Company without Due Cause. The Company may terminate the Employment Period without Due Cause upon thirty (30) days' prior written notice. If the Employment Period is terminated pursuant to this SECTION 9(D), then Executive will be entitled to receive as severance pay the Executive's Base Salary plus benefits (at the same cost to the Executive as in effect immediately prior to such termination of employment) for a period of six twenty-four (624) months, payable at the Company's regular payroll intervals. Notwithstanding the above, Executive shall receive such amounts only if Executive is not in material breach of any of the provisions of the Confidentiality, Inventions, Non-Competition and Non-Solicitation Agreement. Except as set forth in the first sentence of this SECTION 9(D) and as otherwise described in the Subscription Agreement, if the Employment Period is terminated pursuant to this SECTION 9(D), the Company shall have no further obligation to Executive.