Common use of Termination by the Company Without Good Cause Clause in Contracts

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. In the event that 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.promptly