Termination by the Employer Without Cause. Subject to the payment of Termination Benefits pursuant to Section 7(b), the Executive’s employment under this Agreement may be terminated by the Employer without Cause upon no less than sixty (60) days prior written notice to the Executive.
Termination by the Employer Without Cause. The Executive's employment with the Employer may be terminated without Cause by a two-thirds vote of the Board of Directors of the Employer effective immediately by written notice to the Executive.
Termination by the Employer Without Cause. The Employee may be terminated Without Cause by the Employer. A termination "Without Cause" shall mean a termination of employment by the Employer other than due to death or Disability as defined in Section 6(a) or Cause as defined in Section 6(b).
Termination by the Employer Without Cause. If the Employer terminates the Employee's employment without Cause, the Employer will (i) pay to Employee his Salary, in accordance with normal payroll practice, for a period of twelve (12) months, commencing no later than the tenth business day following sixty (60) days after the date of Employee’s separation from service ; (ii) waive the applicable COBRA continuation coverage for Employee (and, if applicable his spouse and eligible dependents) for a period of twelve (12) months; (iii) pay 100% of Employee’s Incentive Amount, in a lump-sum payment payable no later then the tenth business day following the date of Employee’s separation from services. Notwithstanding the preceding provisions of this Section 6.2(c), in the event the Employee’s employment is terminated by the Employer (or the successor employer to the Employer) without Cause at the time of or within twelve months after the effective date of a Change of Control, the Employer (or successor employer to the Employer following the Change of Control) will (i) pay to Employee an amount equal to his Salary for a period of twenty-four (24) months, in a lump sum payable on the 60th day following the date of Employee’s separation from service (ii) waive the applicable COBRA continuation coverage for Employee (and, if applicable his spouse and eligible dependents) for a period of twenty-four (24) months; and (iii) pay 200% of Employee’s Incentive Amount, in a lump-sum payment payable on the 60th day following the date of Employee’s separation from service; provided, however. that to the extent necessary to comply with Section 409A of the Internal Revenue Code of 1986, as amended, the amounts described in (i) and (iii) of this sentence will be paid on the same schedule as set forth in the first sentence of this paragraph. For purposes of the preceding sentence, Salary and the Incentive Amount shall be the greater of (i) Salary and the Incentive Amount as determined at the time of the Employee’s separation from service and (ii) Salary and the Incentive Amount as determined assuming a separation from service immediately prior to the effective date of the Change in Control.
Termination by the Employer Without Cause. The Employer may terminate Employee’s employment without cause upon thirty (30) days prior written notice to Employee. In the event of a termination without cause, Employee shall be entitled to receive his Base Salary to the date of termination of employment. Except as otherwise set forth herein, Employee shall be entitled to receive a pro rata portion of any earned incentive bonus provided in paragraph 1(d) which shall be paid at the time determined pursuant to paragraph 1(d). In addition, provided Employee remains in compliance with the restrictive covenants set forth in paragraphs 6 and 7 of this Agreement, the Employer shall also continue to pay Employee his Base Salary and continue the fringe benefits provided in paragraph 3(a), above (except 401(k) participation) for the duration of the “Period of Employment”. Payments of Base Salary shall be made in monthly installments beginning within 30 days following Employee’s termination of employment and ending on the expiration of the Period of Employment.
Termination by the Employer Without Cause. If the Employer terminates the Employee's employment without Cause, in addition to the Benefits otherwise due the Employee and as otherwise required by law, the Employer will continue to pay to Employee his Salary, in accordance with normal payroll practice, for a period of twelve (12) months.
Termination by the Employer Without Cause. Subject to the payment of Termination Benefits pursuant to Section 6(d), the Executive’s employment under this Agreement may be terminated by the Employer without Cause upon written notice to the Executive by a vote of the Board of Directors.
Termination by the Employer Without Cause. If the Employee’s employment is terminated by the Employer without Cause (as defined in Subparagraph VII.C below) prior to the date on which the Employee attains age fifty-nine and one-half (59 1/2) years, and such termination is not subject to the provisions of Paragraph VIII below, the Employee shall be entitled to be paid a retirement benefit that is the Applicable Percentage (as defined in and determined as of the Employee’s last day of active employment in accordance with Paragraph VI) of the amount specified in Paragraph IV and in the form and duration specified in Paragraph IV, commencing on the first day of the month following the date on which the Employee attains age sixty-two (62) years.
Termination by the Employer Without Cause. If the Employer shall terminate the Employee's employment during the Term and prior to a Change in Control, without Cause (and not for Disability or in connection with the Employee's death), the Employer shall pay the Employee his Base Salary throughout the remaining Term and annual bonuses during the remaining Term, each of which bonuses shall be equal to one-half (1/2) times the average annual bonus paid to the Employee during the most recent five (5) calendar years of the Employee's employment by any of the Companies (prorated for any partial years in the remaining Term).
Termination by the Employer Without Cause. If prior to the exercise of the Option, the Optionee's employment with the Employer shall be terminated by the Employer without Cause, then the Option (subject to subsection (h) below) held by the Optionee may be exercised at any time within three months after the Optionee's termination of employment. For purposes of this Option Agreement, if the Subsidiary by which the Optionee is employed ceases to be a Subsidiary, whether through a sale by the Company of all or a portion of the stock or assets of such Subsidiary, a merger or otherwise (a "Subsidiary Transaction"), the Optionee's employment with the Employer shall be deemed to have been terminated by the Employer without Cause as of the effective date of such Subsidiary Transaction.
