Common use of Termination of Employee for any Other Reason Clause in Contracts

Termination of Employee for any Other Reason. The Employer shall have the right to terminate Employee's employment at any time at will for any reason upon ten (10) days prior written notice to Employee. If Employee's employment is terminated by the Employer during the Employment Term for any reason other than the reason set forth in Sections 5.01, 5.02 or 5.03 above, the Employer shall continue to pay to Employee for a period of twelve (12) months, an amount equal to one hundred percent (100%) of his then current Base Salary and one hundred percent (100%) of the Bonus earned and paid during the 12 months prior to the date of termination (if employed for less than 12 months prior to termination the Bonus earned and paid for the period of employment shall be annualized and 50% of the annualized amount will be paid) in installments on the same dates as the Employer makes payroll payments under its customary practice. In such case Employee shall not be entitled to receive, unless otherwise required by law, any subsequent Other Benefits.

Termination of Employee for any Other Reason. The Employer shall have the right to terminate Employee's ’s employment at any time at will for any reason upon ten (10) days prior written notice to Employee. If Employee's ’s employment is terminated by the Employer during the Employment Term for any reason other than the reason set forth in Sections 5.01, 5.02 or 5.03 above, the Employer shall continue to pay to Employee for a period of twelve six (126) months, an amount equal to one hundred percent (100%) of his then current Base Salary and one hundred percent (100%) of the Bonus earned and paid during the 12 months prior to the date of termination (if employed for less than 12 months prior to termination the Bonus earned and paid for the period of employment shall be annualized and 50% of the annualized amount will be paid) in installments on the same dates as the Employer makes payroll payments under its customary practice. practice In such case Employee shall not be entitled to receive, unless otherwise required by law, any subsequent Other Benefits.