Common use of Termination/Severance Pay Clause in Contracts

Termination/Severance Pay. The Employment Period will terminate upon the first to occur of the following events: (i) the effective date of Executive's resignation, for which Executive agrees to give at least 90 days' prior written notice to the Board; (ii) Executive's death; (iii) if, as a result of the Executive's inca-pacity due to physical or mental illness, the Executive shall have been unable to perform the essential duties of his position despite the provision of reasonable accommodations for any six (6) months (whether or not consecutive) during any twelve (12) month period ("Disability"); (iv) Executive's termination for Cause (as hereinafter defined); or (v) the determination by the Board that Executive's continued employment is not in the best interests of the Company. In the event that Executive's employment hereunder shall be terminated for any reason other than the Executive's resignation, death, Disability, or termination

Termination/Severance Pay. The Employment Period will terminate upon the first to occur of the following events: (i) the effective date of Executive's resignation, for which Executive agrees to give at least 90 days' prior written notice to the Board; (ii) Executive's death; (iii) if, as a result of the Executive's inca-pacity incapacity due to physical or mental illness, the Executive shall have been unable to perform the essential duties of his her position despite the provision of reasonable accommodations for any six (6) months (whether or not consecutive) during any twelve (12) month period ("Disability"); (iv) Executive's termination for Cause (as hereinafter defined); or (v) the determination by the Board that Executive's continued employment is not in the best interests of the Company. In the event that Executive's employment hereunder shall be terminated for any reason other than the Executive's resignation, death, Disability, or terminationtermination for Cause, the Company shall pay severance pay to the Executive by continuing

Termination/Severance Pay. The Employment Period will terminate upon the first to occur of the following events: (i) the effective date of Executive's resignation, for which Executive agrees to give at least 90 days' prior written notice to the Board; (ii) Executive's death; (iii) if, as a result of the Executive's inca-pacity incapacity due to physical or mental illness, the Executive shall have been unable to perform the essential duties of his position despite the provision of reasonable accommodations for any six (6) months (whether or not consecutive) during any twelve (12) month period ("Disability"); (iv) Executive's termination for Cause (as hereinafter defined); or (v) the determination by the Board that Executive's continued employment is not in the best interests of the Company. In the event that Executive's employment hereunder shall be terminated for any reason other than the Executive's resignation, death, Disability, or terminationtermination for Cause, the Company shall pay severance pay to the Executive by continuing the Base Salary in effect at the time of such termination for the period from