Termination by the Company Without Good Cause. The Company shall have the right to terminate the Executive's employment hereunder without Good Cause by written notice to the Executive.
Termination by the Company Without Good Cause. The Company may terminate Executive’s employment and the Term at any time without Good Cause.
Termination by the Company Without Good Cause. In the event the Company terminates this Agreement without Good Cause, the Employee shall be entitled to the following benefits:
(i) The Company shall continue to pay the Employee the Employee's Base Salary at the rate then in effect (plus any cost of living adjustments as described above) until the later of (x) one year after the Termination Date, or (y) the Expiration Date; and
(ii) The Company shall pay the Employee for any accrued but unpaid sick pay and any properly incurred unreimbursed expenses. In the event that the Employee shall obtain other full-time or part-time employment or consulting work during such period, the amount of payments Employee receives from such employment or work shall be credited against the amount that the Company is obligated to pay Employee during such period pursuant to this subparagraph (b). The Employee shall be under no obligation to obtain such other employment or work, but if the Employee shall, the Employee shall promptly give written notice to the Company of the salary and fringe benefits provided to the Employee in connection with such other employment or work, in order that the amount of such credit may be determined.
Termination by the Company Without Good Cause. Upon termination of this Agreement by the Company without “Good Cause” as defined under the provisions of Section 3.1(a) above, Executive shall be entitled to the following severance benefits:
(i) payment, in a lump sum, of any all base salary due and owing to him through the date of termination, plus an amount equal to his earned but unused vacation through the date of termination, reimbursement for all reasonable expenses and any earned but unpaid and undeferred bonus attributable to the year that ends immediately before the year in which the Executive’s termination occurs; and
(ii) subject to the provisions of Section 5.1 below, payment, in a lump sum of an amount equal to fifty percent (50%) of Executive’s current annual base salary, less deductions required by law.
(iii) immediate vesting of all unvested equity compensation held by the Executive as of the date of termination.
(iv) if the Executive (including, if applicable, the Executive’s spouse and dependents) timely elects to continue Executive’s medical, dental, and vision benefits under COBRA then, contingent upon the Executive paying his portion of the monthly COBRA premium, the Company shall pay its share of the monthly premium (if any) under COBRA to the same extent it pays for coverage for an active employee until the earliest of (a) the end of the twelve (12) month period that commences with the Executive’s termination of employment or (b) the Executive becomes eligible for group medical, dental, and vision coverage through another employer. As a condition of the Company paying a pro rata portion of the monthly premium for a portion of the Executive’s continuation coverage period the Executive will be required to notify the Company upon becoming eligible for group medical, dental and vision benefits from another employer during such twelve (12) month period. At the end of any Company-paid period of COBRA coverage, the Executive may, at his own expense, continue COBRA coverage for the remainder of the period for which the Executive is eligible. The payments provided for in Section 3.2(a) or 3.2(b)(i) and (ii) or 3.2(d), as applicable, shall be paid on the date immediately following the Executive’s termination. All such payments will be subject to applicable payroll or other taxes required to be withheld by the Company. However, in the event it is determined that the Executive is a “Specified Employee” as defined in Section 409A(a)(2)(B)(i) of the Code any payment to be made under this Agreeme...
Termination by the Company Without Good Cause. The Company may terminate this Employment Contract at any time without Good Cause. If the Company terminates this Employment Contract without Good Cause, the Company shall either give Employee six (6) months’ advance notice of such termination or pay to Employee an amount equal to six (6) months’ of Base Salary, in addition to any earned but unpaid Base Salary accrued through the date of termination.
Termination by the Company Without Good Cause. In the event the Company terminates this Agreement prior to the Expiration Date, and thereby terminates the Employee’s employment, without Good Cause, then subject to the conditions set forth in Section 9(h), the Employee shall be entitled to the following benefits:
(i) If the termination of Employee’s employment is an “Involuntary Termination” as defined in Section 9(b)(v), the Company shall pay the Employee (I) a payment (“the Separation Payment”), in a single lump sum on or before the sixtieth day next following the date of Employee’s “separation from service” (as defined in Section 9(h) below), equal to the lesser of: (a) the Severance Limit, or (b) the greater of either: (x) the Base Salary Amount; or (y) Employee’s Base Salary at the rate then in effect through the Expiration Date; and, if Employee’s Severance Compensation is not fully paid out pursuant to clause (I), then (II), as a separate payment from the Separation Payment, payment, in the form of salary continuation, beginning on the first regular payroll date next following the first day that is six months after the date of Employee’s separation from service, of the greater of either: (x) the Base Salary Amount, minus the amount paid pursuant to clause (I) above; or (y) Employee’s Base Salary at the rate then in effect through the Expiration Date minus the amount paid pursuant to clause (I) above; or
(ii) If the termination of the Employee’s employment is not an Involuntary Termination, beginning on the first regular payroll date next following the first day that is six months after the date of Employee’s separation from service and in the manner provided in Section 9(i), the Company shall pay the Employee, in the form of salary continuation, the greater of either: (x) the Base Salary Amount; or (y) Employee’s Base Salary at the rate then in effect through the Expiration Date.
(iii) In any of the circumstances described in Sections 9(b)(i) or 9(b)(ii), the Company shall pay the Employee for any unreimbursed expenses payable pursuant to Section 4 above that were properly incurred prior to the Employee’s termination of employment, to the extent such expenses would have been reimbursable pursuant to Section 4 above.
(iv) As used in this Agreement, the term “Severance Limit” means the lesser of twice the lesser of: (A) the sum of the Employee’s annualized compensation based upon the annual rate of pay for services provided to the Company for the taxable year of the Employee’s preceding the taxable...
Termination by the Company Without Good Cause. The Company shall have the right to terminate the Employee's employment hereunder without Good Cause by written notice to the Employee, but the obligations placed upon the Company in Section 7 will apply.
Termination by the Company Without Good Cause. The Company may terminate this Agreement and Executive's employment at any time without Good Cause. In such event, this Agreement shall terminate on the 30th day following written notice of such termination by the Company.
Termination by the Company Without Good Cause. The Company may terminate the Employee's employment under this Agreement without Good Cause at any time by giving prior notice thereof to the Employee. Upon such termination, the Employee shall be entitled to such compensation as provided in Section 7.1.2. For purposes of this Agreement,
Termination by the Company Without Good Cause. The Company may terminate the Executive’s employment under this Agreement without Good Cause at any time by giving notice thereof to the Executive. Upon such termination, the Executive shall be entitled to such compensation as provided in Section 5.1.3 and Section 5.3. For purposes of this Agreement, “Good Cause” means any of the following, as determined by a majority vote of the Board of Directors after (i) the Company has delivered notice to the Executive providing reasonable detail of the conduct or event constituting Good Cause, (ii) the Board of Directors has provided the Executive an opportunity to be heard by the Board of Directors regarding such conduct or event, and (iii) a 30-day period following receipt of the written notice specified in clause (i) of this sentence, during which the Executive may take action to cure the conduct or event if subject to cure, expires without cure:
