Common use of Termination by XStream Without “Cause” Clause in Contracts

Termination by XStream Without “Cause”. XStream, upon at least sixty (60)days’ prior written notice to Executive, shall have the right to terminate Executive’s employment with XStream at any time, for any reason or for no reason. Upon such termination by XStream, XStream shall pay Executive all Base Salary, Annual Bonus (if already awarded), Stock Options, Business Expenses and Benefits which are due, have accrued, or will otherwise become due or accrue through the end of the term of this Agreement, or six (6) months, whichever is the greater amount of time (as if Executive’s employment with XStream was not prematurely terminated). All such amounts shall be payable to Executive within ten (10) days of the effective date of termination of Executive’s employment with XStream.

Termination by XStream Without “Cause”. XStream, upon at least sixty (60)days’ prior written notice to Executive, shall have the right to terminate Executive’s employment with XStream at any time, for any reason or for no reason. Upon such termination by XStream, XStream shall pay Executive all Base Salary, Annual Bonus (if already awarded)Bonus, Stock Options, Business Expenses and Benefits which are due, have accrued, or will otherwise become due or accrue through the end of the term of this Agreement, or six (6) months, whichever is the greater amount of time (as if Executive’s employment with XStream was not prematurely terminated). All such amounts shall be payable to Executive within ten thirty (1030) days of the effective date of termination of Executive’s employment with XStream.