Termination of Employment by Company. (a) The Company may terminate this Agreement at any time with Cause. In such event, the Company shall be obligated to continue to pay in the ordinary and normal course of its business to the Executive only his Salary (subject to applicable payroll and/or other taxes required by law to be withheld) through the Termination Date set forth in the Termination Notice.
(b) The Company may terminate this Agreement at any time without Cause. If any such termination shall occur on or before December 31st, 2001, then, in such event, not later than the Termination Date specified in the Termination Notice, the Company shall pay to the Executive, in cash, an amount equal to (i) the Executive's Compensation, determined as of the date of the Termination Notice, multiplied by (ii) the greater of (A) the number of years and any portion of a year remaining in the term of this Agreement or (B) two (subject to applicable payroll and/or other taxes required by law to be withheld). If any such termination shall occur after December 31st, 2001, then, in such event, not later than the Termination Date specified in the Termination Notice, the Company shall pay to the Executive, in cash, an amount equal to (i) the Executive's Compensation, determined as of the date of the Termination Notice, multiplied by two (subject to applicable payroll and/or other taxes required by law to be withheld).
Termination of Employment by Company. (a) Notwithstanding anything here into the contrary, Company may terminate Executive's employment hereunder for cause at any time. Sufficient "cause" for termination of Executive's employment hereunder shall include, but is not limited to Executive's violation of any provision of this Agreement, Executive's conviction for any criminal violation other than minor traffic violations, or in the event Executive is guilty of misconduct or neglect or dereliction of his duties hereunder, or for any course which would entitle Company at law to terminate the employment of Executive. Upon said termination, Company shall be under no obligation to Executive, except to pay Executive's accrued salary and stock to the date of termination, plus one year of salary. Upon said termination, Company shall be under no further obligation to the Executive, except for the obligations set forth in Pxxxxxxxxx 0, 0 xxx 0 xxxxxx.
Termination of Employment by Company. (a) The Company may terminate this Agreement at any time with Cause. In such event, the Company shall be obligated to continue to pay in the ordinary and normal course of its business to the Executive only his Salary (subject to applicable payroll and/or other taxes required by law to be withheld) through the Termination Date set forth in the Termination Notice.
(b) The Company may terminate this Agreement at any time without Cause. In such event, (i) not later than the Termination Date specified in the Termination Notice, the Company shall pay to the Executive an amount in cash equal to the sum of the Executive's Compensation for 90 days (subject to applicable payroll and/or other taxes required by law to be withheld) determined as of the date of such Termination Notice Agreement and(ii) the restrictions set forth in Section 9.1(b) hereof shall not be applicable to the Executive.
Termination of Employment by Company. (a) Except as otherwise provided in this Article III and in Article IV, upon the occurrence of any of the following events, this Agreement and the rights and obligations of the parties hereunder shall terminate:
Termination of Employment by Company. (a) The Company may terminate the Executive’s employment at any time with Cause. In such event, the Company shall continue to pay to the Executive in the ordinary and normal course of its business his Salary and earned Warrants and Shares (subject to applicable payroll and/or other taxes required by law to be withheld) through the Termination Date set forth in the Termination Notice.
(b) The Company may terminate the Executive’s employment at any time without Cause. In such event, (i) the Company shall continue to pay to the Executive in the ordinary and normal course of its business his Salary (subject to applicable payroll and/or other taxes required by law to be withheld) through the Termination Date set forth in the Termination Notice and (ii) the Company shall continue to pay to the Executive a salary at the rate of One Hundred & Eighty Thousand Dollars ($180,000.00) per annum (subject to applicable payroll and/or other taxes required by law to be withheld) for a period of six months subsequent to the Termination Date set forth in the Termination Notice and (iii) all Warrants and Shares as defined in this Agreement shall vest on the Termination Date.
Termination of Employment by Company. The Company may terminate the Executive’s employment at any time with Cause. In such event, the Company shall continue to pay to the Executive in the ordinary and normal course of its business his Salary (subject to applicable payroll and/or other taxes required by law to be withheld) through the Termination Date set forth in the Termination Notice.
Termination of Employment by Company. (a) Termination of Employment by the Company with Cause.
(i) Notwithstanding anything herein to the contrary, the Company may terminate this Agreement at any time for Cause (as defined below). In such event this Agreement shall be deemed effectively terminated as of the time of delivery of such notice. For the avoidance of doubt, there will be no severance pay or other special payment upon termination of employment (other than retaining any Shares previously awarded to you).
(ii) For purposes of this Agreement, “Cause” means (i) you materially breach any of the duties or obligations under this Agreement, including any confidentiality and proprietary obligations, (ii) your willful or grossly negligent misconduct that is injurious to the Company, (iii) your criminal conviction, guilty plea or plea of nolo contendere in connection with a crime that constitutes a felony under applicable law; or (iv) the conviction for, the admission of or confession to, or the plea of “guilty” or “no contest” to a crime involving moral turpitude.
Termination of Employment by Company. The Company may terminate Employee's employment hereunder at any time for any reason or no reason.
Termination of Employment by Company. (a) The Company may terminate this Agreement at any time with Cause. In such event, the Company shall be obligated to continue to pay in the ordinary and normal course of its business to the Employee his Annual Compensation (subject to any applicable payroll and/or other taxes required by law to be withheld) until the Termination Date.
(b) The Company may terminate this Agreement at any time without Cause. If the Company shall terminate the employment of the Employee by the Company without
Termination of Employment by Company. (a) GLDI may terminate the employment of the Executive at any time with Cause. In such event, GLDI shall be obligated to continue to pay in the ordinary and normal course of its business to the Executive only his Salary (subject to applicable payroll and/or other taxes required by law to be withheld) through the Termination Date set forth in the Termination Notice.
(b) GLDI may terminate the employment of the Executive at any time without Cause. If any such termination shall occur, then, in such event, GLDI shall continue to pay in the ordinary and normal course of its business to the Executive his Salary for a period of two years from and after the Termination Date set forth in the Termination Notice (subject to applicable payroll and/or other taxes required by law to be withheld).
