Common use of Termination by the Corporation Without Cause Clause in Contracts

Termination by the Corporation Without Cause. The Corporation may elect to terminate Executive's employment at any time without Cause upon written notice to Executive. In the event of such termination without Cause, Executive shall be entitled to a severance payment in an amount equal to 125% of Executive's Base Salary as of the date of termination, such payment to be made in equal installments over a twelve (12) month period on the Corporation's usual pay periods.

Termination by the Corporation Without Cause. The Corporation may elect to terminate Executive's ’s employment at any time without Cause cause upon written notice to Executive. In the event of such termination without Causecause, Executive shall be entitled to a severance payment in an amount equal to 125% of Executive's ’s Base Salary as of the date of termination, such payment to be made in equal installments over a twelve (12) month period on the Corporation's ’s usual pay periods.

Termination by the Corporation Without Cause. The Corporation may elect terminate Executive without cause provided the Corporation delivers to terminate Executive's employment at any time without Cause upon Executive written notice thereof 90 days prior to Executivethe actual date of termination. In the event of such termination Executive is terminated without Causecause, Executive shall be entitled to paid a severance payment in an amount equal to 125% six months of Executive's then current Base Salary as Salary, payable over a six month period commencing on the 91st day following Executive's receipt of the date above written notice of termination, such payment to be made in equal installments over a twelve (12) month period on the Corporation's usual pay periodstermination without cause.