Common use of Termination of Employment without Just Cause Clause in Contracts

Termination of Employment without Just Cause. Subject to subsection 6(e) hereof, if the Executive's employment is terminated (a) by the Corporation other than for Just Cause, or (b) by the Executive in response to a Good Reason within ninety (90) days after the Good Reason has taken effect, the Executive shall be entitled to receive, and the Corporation shall pay to the Executive, immediately following termination, a cash amount equal to the Annual Compensation on Termination: (i) Annual Base Salary (12 months); plus (ii) Average Annual Bonus

Termination of Employment without Just Cause. Subject to subsection 6(e) hereof, if the Executive's ’s employment is terminated (a) by the Corporation other than for Just Cause, or (b) by the Executive in response to a Good Reason within ninety (90) days after the Good Reason has taken effect, the Executive shall be entitled to receive, and the Corporation shall pay to the Executive, immediately following termination, a cash amount equal to the Annual Compensation on Termination: (i) Annual Base Salary (12 months); plus (ii) Average Annual Bonus