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

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. 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 all amounts earned up to the date of termination of employmentpursuant to Section 1. Except as otherwise set forth hereinIn addition, Employee shall be entitled to receive his Base Salary through the end of the “Period of Employment.” Payments will be made on a pro rata portion bi-weekly basis consistent with the Employer’s usual payroll cycle commencing within 30 days following Employee’s termination of employment. In addition, Employee shall be entitled to receive an amount equal to any earned incentive bonus provided in paragraph 1(d) for the prior year, which shall be paid at the time determined pursuant to paragraph 1(d)within 30 days following Employee’s termination of employment. 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.