Common use of Termination for Cause or Voluntary Termination Without Good Reason Clause in Contracts

Termination for Cause or Voluntary Termination Without Good Reason. The Employer may in its sole discretion terminate this Agreement and Employee's employment with Employer for Cause (as defined in Section 7(e) below) at any time and with or without advance notice to Employee. If Employee's employment is terminated for Cause, or if Employee Voluntarily Terminates (as defined below) his employment with Employer without Good Reason (as defined below), Employer shall promptly pay to Employee all amounts of Base Salary accrued pursuant to Section 4 above through the date of termination (but not Bonus Compensation), whereupon Employer shall have no further obligations to Employee under this Agreement. Employee and his dependents shall also be entitled to any continuation health insurance coverage rights, if any, under applicable law. If Employee Voluntarily Terminates without Good Reason and provide at least 6 months prior written notice, Employee is entitled to receive, in one lump sum, an amount equal to employee's annual Base Salary at the end of the six-month notice period (in addition to his Base Salary and Bonus Compensation during the six-month notice period). If Employee Voluntarily Terminates without Good Reason but gives less than 6 months written notice, then Employee will be entitled to no further payments of Base Salary or Bonus Compensation from and after the date of the transmission of the written notice.

Termination for Cause or Voluntary Termination Without Good Reason. The Employer may in its sole discretion terminate this Agreement and Employee's employment with Employer for Cause (as defined in Section 7(e) below) at any time and with or without advance notice to Employee. If Employee's employment is terminated for Cause, or if Employee Voluntarily Terminates (as defined below) his employment with Employer without Good Reason (as defined below), Employer shall promptly pay to Employee all amounts of Base Salary accrued pursuant to Section 4 above through the date of termination (but not Bonus Compensation), whereupon Employer shall have no further obligations to Employee under this Agreement. Employee and his dependents shall also be entitled to any continuation health insurance coverage rights, if any, under applicable law. If Employee Voluntarily Terminates without Good Reason and provide provides at least 6 months prior written notice, Employee is entitled to receive, in one lump sum, an amount equal to employee's annual Base Salary at the end of the six-month notice period (in addition to his Base Salary and Bonus Compensation during the six-month notice period). If Employee Voluntarily Terminates without Good Reason but gives less than 6 months written notice, then Employee will be entitled to no further payments of other than Base Salary or Bonus Compensation from and after earned through the date of the transmission of the written noticetermination.

Termination for Cause or Voluntary Termination Without Good Reason. The Employer may in its sole discretion terminate this Agreement and Employee's employment with Employer for Cause (as defined in Section 7(e6(e) below) at any time and with or without advance notice to Employee. If Employee's employment is terminated for Cause, or if Employee Voluntarily Terminates (as defined below) his employment with Employer without Good Reason (as defined below), Employer shall promptly pay to Employee all amounts of Base Salary accrued pursuant to Section 4 above through the date of termination (but not Bonus Compensation)termination, whereupon Employer shall have no further obligations to Employee under Section 4 of this Agreement, except as set forth in Section 4(e). Employee and his dependents shall also be entitled to any continuation health insurance coverage rights, if any, under applicable law. If Employee Voluntarily Terminates without Good Reason and provide provides at least 6 months prior written notice, Employee is entitled to receive, in one lump sum, an amount equal to employeeEmployee's annual Base Salary at the end of the six-month notice period (in addition to his Base Salary and Bonus Compensation during the six-month notice period). If Employee Voluntarily Terminates without Good Reason but gives provides less than 6 months written notice, then Employee will be entitled to no further payments of Base Salary or Bonus Compensation from and after the effective date of the transmission of the written noticetermination.