Common use of Termination Upon Cessation of Business Clause in Contracts

Termination Upon Cessation of Business. The Company shall have the right to immediately terminate Executive’s employment under this Agreement upon a Cessation of Business (as defined in Section 7.8(b)). Upon termination in connection with a Cessation of Business, the Company shall pay to Executive any accrued but unpaid Base Salary until the date of Cessation of Business. The Company may make such payments in accordance with its regular payroll schedule or in a single lump sum payment in its sole discretion.

Termination Upon Cessation of Business. The Company shall have the right to immediately terminate Executive’s 's employment under this Agreement upon a Cessation of Business (as defined in Section 7.8(b)). Upon termination in connection with a Cessation of Business, the Company shall pay to Executive any accrued but unpaid Base Salary until the date of Cessation of Business. The Company may make such payments in accordance with its regular payroll schedule or in a single lump sum payment in its sole discretion.