Common use of TERMINATION FOR GOOD REASON OR OTHER THAN FOR CAUSE Clause in Contracts

TERMINATION FOR GOOD REASON OR OTHER THAN FOR CAUSE. In the event the Executive’s employment hereunder is terminated (A) by the Executive for Good Reason or (B) by the Company other than for Cause or Disability, the Executive shall be entitled, in addition to the other compensation and benefits herein provided for, to severance compensation in an aggregate amount equal to two (2) times his Base Salary at the rate in effect on the termination date, payable in twenty-four (24) substantially equal monthly installments commencing at the end of the calendar month in which the termination date occurs. The preceding amounts shall be reduced to one (1) times his Base Salary if the termination is a result of or after a Non-Renewal Notice by the Company.

TERMINATION FOR GOOD REASON OR OTHER THAN FOR CAUSE. In the event the Executive’s employment hereunder is terminated (A) by the Executive for Good Reason or (B) by the Company other than for Cause or Disability, the Executive shall be entitled, in addition to the other compensation and benefits herein provided for, to severance compensation in an aggregate amount equal to two (2) times his her Base Salary at the rate in effect on the termination date, payable in twenty-four (24) substantially equal monthly installments commencing at the end of the calendar month in which the termination date occurs. The preceding amounts shall be reduced to one (1) times his her Base Salary if the termination is a result of or after a Non-Renewal Notice by the Company.

TERMINATION FOR GOOD REASON OR OTHER THAN FOR CAUSE. In the event the Executive’s 's employment hereunder is terminated (A) by the Executive for Good Reason or (B) by the Company other than for Cause or Disability, the Executive shall be entitled, in addition to the other compensation and benefits herein provided for, to severance compensation in an aggregate amount equal to two (2) times his Base Salary at the rate in effect on the termination date, payable in twenty-four (24) substantially equal monthly installments commencing at the end of the calendar month in which the termination date occurs. The preceding amounts shall be reduced to one (1) times his Base Salary if the termination is a result of or after a Non-Renewal Notice by the Company.