Common use of Termination of Employment by the Company Without Cause Clause in Contracts

Termination of Employment by the Company Without Cause. Notwithstanding the provisions of Section 2 of this Agreement, the Board of Directors may terminate the Executive's employment, as provided under this Agreement, at any time, for reasons other than for Cause by notifying the Executive in writing of such termination. If the Executive is terminated pursuant to this Section 10, (i) during the remainder of the Non-Competition Period (as hereinafter defined), the Company shall pay the Executive his base salary at the rate and in the manner required by Section 3 and in effect immediately prior to the date of termination and (ii) after the Employment Period, the Company and the Executive shall have no further obligations under this Agreement except as otherwise provided in Sections 13 and 14 of this Agreement.

Termination of Employment by the Company Without Cause. Notwithstanding the provisions of Section 2 of this Agreement, the Board of Directors may terminate the Executive's employment, as provided under this Agreement, at any time, for reasons other than for Cause by notifying the Executive in writing of such termination. If the Executive is terminated pursuant to this Section 10, (i) during the remainder of the Non-Competition Period (as hereinafter defined), the Company shall pay the Executive his base salary at the rate and in the manner required by Section 3 and in effect immediately prior to the date of termination and (ii) after the Employment Period, the Company and the Executive shall have no further obligations under this Agreement except as otherwise provided in Sections 13 and 14 of this Agreement.

Termination of Employment by the Company Without Cause. Notwithstanding the provisions of Section 2 of this Agreement, the Board of Directors may terminate the Executive's employment, as provided under this Agreement, at any time, for reasons other than for Cause by notifying the Executive in writing of such termination. If the Executive is terminated pursuant to this Section 10, (i) during the remainder of the Non-Competition Period (as hereinafter herein after defined), the Company shall pay the Executive his base salary at the rate and in the manner required by Section 3 and in effect immediately prior to the date of termination and (ii) after the Employment Period, the Company and the Executive shall have no further obligations under this Agreement except as otherwise provided in Sections 13 and 14 of this Agreement.