Termination with Notice by Either Party. The Company or Employee may terminate this Agreement for any reason or no reason upon thirty (30) days prior written notice to the other. In case of termination by the Company only under this paragraph, the Company shall pay Employee a one-time cash severance payment equal to a full year’s Base Salary plus the Employee’s Pro Rated Bonus. The Company shall have no further obligations to Employee following termination.
Termination with Notice by Either Party. The Company or Employee may terminate this Agreement for any reason or no reason upon thirty (30) days prior written notice to the other. In case of termination by the Company, with the exception of Good Cause (as herein defined), the Company shall pay Employee severance compensation, in a lump sum payable on the date of termination, calculated at the rate of Salary in effect as of the date immediately preceding the date of termination and the cost of premiums for any Company sponsored insurance policy (or the cash equivalent) for the longer of (i) thirty-six months (36) months or (ii) the period from the date of termination through the Expiration Date.
Termination with Notice by Either Party. The Company or Employee may terminate this Agreement for any reason or no reason upon sixty (60) days prior written notice to the other. If the Company terminates the employment of Employee without Good Cause (as herein defined), the Company fails to renew this Agreement as provided in Section 5 without Good Cause, the Employee terminates his employment with Good Cause (as herein defined) or the Employee fails to renew this Agreement as provided in Section 5, the Company shall pay Employee severance compensation calculated at the rate of Salary in effect as of the date immediately preceding the date of termination and the cost of premiums for any Company sponsored insurance policy (or the cash equivalent) for twenty-four (24) months, payable in the manner and at such times as the Salary otherwise would have been payable to the Employee hereunder were Employee to continue to be employed by the Company. If the Company terminates the employment of Employee with Good Cause, the Company fails to renew this Agreement as provided in Section 5 with Good Cause, or Employee terminates his employment with the Company hereunder as provided in this Section 5(a), the Company shall not be under any obligation to pay Employee, and Employee shall not be entitled to, any such severance compensation.
Termination with Notice by Either Party. The Company or the Employee may terminate this Agreement for any reason or no reason upon sixty (60) days prior written notice to the other. If the Company terminates the employment of the Employee without Good Cause (as defined below), the Company shall pay the Employee the remainder of Employee’s Compensation at the rate of the Base Salary in effect as of the date immediately preceding the date of termination and the cost of premiums for any Company sponsored insurance policies or other benefits, medical, dental, disability, retirement and travel plans (or the cash equivalent) for the greater of twelve (12) months or the remainder of the Employment Period, payable in the manner and at such times as the Base Salary and benefits otherwise would have been payable to the Employee hereunder were the Employee to continue to be employed by the Company. If the Employee terminates his employment with the Company hereunder without Good Cause (as defined below), the Company shall pay the Employee the Base Salary earned and reasonable expenses reimbursable under this Agreement incurred through the date of Employee’s termination; provided that the Company shall not be under any obligation to pay the Employee any unearned or non-accrued Compensation, and the Employee shall not be entitled to, any such severance compensation.
Termination with Notice by Either Party. Section 4(b) (as renumbered hereby) of the Agreement is hereby deleted in its entirety and replaced with the following new Section 4(b):
Termination with Notice by Either Party. The Company or Employee may terminate this Agreement for any reason or no reason upon thirty (30) days prior written notice to the other. In case of termination by the Company only under this paragraph: (i) if such termination occurs at any time prior to the first (1st) anniversary of the Start Date, the Company shall pay Employee a one-time cash severance payment equal to one-half (1/2) of the Base Salary and (ii) if such termination occurs at any time on or following the first (1st) anniversary of the Start Date, the Company shall pay Employee a one-time cash severance payment equal to a a full year’s Base Salary. The Company shall have no further obligations to Employee following termination and may condition payment of such severence amount upon the Company’s receipt of a general release by Employee in the form reasonably acceptable to the Company and Employee.
Termination with Notice by Either Party. The Company or Executive may terminate this Agreement for any reason or no reason upon thirty (30) days prior written notice to the other. In case of termination by the Company only under this paragraph, the Company shall pay Executive as an Executive Consultant prusuants to the terms of section 7.0 and/or 7.
Termination with Notice by Either Party. The Company or Employee may terminate this Agreement for any reason or no reason upon thirty (30) days prior written notice to the other. In case of termination by the Company only under this paragraph: (i) if the Company’s notice of termination is given prior to or as of the conclusion of the Initial Term, the Company shall pay Employee a one-time cash severance payment equal to 50% of the full year’s Base Salary plus the Employee’s Pro Rated Bonus and (ii) if the Company’s notice of termination is given after the conclusion of the Initial Term, the Company shall pay Employee a one-time cash severance payment equal to the full year’s Base Salary plus the Employee’s Pro Rated Bonus. The Company shall have no further obligations to Employee following termination.
Termination with Notice by Either Party. The Company or Executive may terminate this Agreement for any reason or no reason upon sixty (60) days prior written notice to the other.
Termination with Notice by Either Party. The Company or Employee may terminate this Agreement for any reason or no reason upon sixty (60) days prior written notice to the other. If the Company terminates the employment of Employee without Good Cause (as herein defined), or the Employee terminates his employment with Good Cause (as herein defined), the Company shall pay Employee severance compensation calculated at the rate of Salary in effect as of the date immediately preceding the date of termination for twelve (12) months, payable in the manner and at such times as the Salary otherwise would have been payable to the Employee hereunder were Employee to continue to be employed by the Company. If the Company terminates the employment of Employee with Good Cause, or if this Agreement is not renewed, or Employee terminates his employment with the Company hereunder as provided in this Section 5(a), the Company shall not be under any obligation to pay Employee, and Employee shall not be entitled to, any such severance compensation.
