Common use of Termination Without Cause by Company/Severance Clause in Contracts

Termination Without Cause by Company/Severance. Executive’s employment is at-will and Company can terminate the employment relationship at any time without Cause. In the event of such termination without cause, Executive will receive the Base Salary then in effect, prorated to the date of termination, and a “Severance Payment” equivalent to one year of Executive’s Base Salary then in effect on the date of termination, payable in accordance with Company’s regular payroll cycle, provided that Executive: (a) complies with all surviving provisions of this Agreement as specified in subsection 13.8 below; (b) executes a full general release acceptable to Company, releasing all claims, known or unknown, that Executive may have against Company arising out of or any way related to Executive’s employment or termination of employment with Company; (c) agrees to provide transition assistance to Company, without further compensation, for 3 months following the termination of the employment relationship; and (d) agrees, without further compensation, to provide information and assistance as may reasonably be required in connection with litigation in which Company or Executive is a party. In addition to the Severance Payment, Company shall pay for Executive’s COBRA coverage during payout period of the Severance Payment. All other Company obligations to Executive will be automatically terminated and completely extinguished.

Termination Without Cause by Company/Severance. Executive’s employment is at-will and Company can terminate the employment relationship at any time without Cause. In the event of such termination without cause, Executive will receive the Base Salary then in effect, prorated to the date of termination, and a “Severance Payment” equivalent to one year of Executive’s Base Salary then in effect on the date of termination, payable in accordance with Company’s regular payroll cycle, provided that Executive: (a) complies with all surviving provisions of this Agreement as specified in subsection 13.8 below; (b) executes a full general release acceptable to Company, releasing all claims, known or unknown, that Executive may have against Company arising out of or any way related to Executive’s employment or termination of employment with Company; (c) agrees to provide transition assistance to Company, without further compensation, for 3 months following the termination of the employment relationship; and (d) agrees, without further compensation, to provide information and assistance as may reasonably be required in connection with litigation in which Company or Executive is a party. In addition to the Severance Payment, Company shall pay for Executive’s COBRA coverage during payout period of the Severance Payment. All other Company obligations to Executive will be automatically terminated and completely extinguished.

Termination Without Cause by Company/Severance. Executive’s employment is at-will and Company can terminate the employment relationship at any time without Cause. In the event of such termination without cause, Executive will receive the Base Salary then in effect, prorated to the date of termination, and a “Severance Payment” equivalent to one year of Executive’s Base Salary then in effect on the date of termination, payable in accordance with Company’s regular payroll cycle, provided that Executive: (a) complies compiles with all surviving provisions of this Agreement as specified in subsection 13.8 below; (b) executes a full general release acceptable to Company, releasing all claims, known or unknown, that Executive may have against Company arising out of or any way related to Executive’s employment or termination of employment with Company; (c) agrees to provide transition assistance to Company, without further compensation, for 3 months following the termination of the employment relationship; and (d) agrees, without further compensation, to provide information and assistance as may reasonably be required in connection with litigation in which Company or Executive is a party. In addition to the Severance Payment, Company shall pay for Executive’s COBRA coverage during payout period of the Severance Payment. All other Company obligations to Executive will be automatically terminated and completely extinguished.

Termination Without Cause by Company/Severance. Executive’s employment is at-will and Company can terminate the employment relationship at any time without Cause. In the event of such termination without cause, Executive will receive the Base Salary then in In effect, prorated to the date of termination, and a “Severance Payment” equivalent to one year of Executive’s Base Salary then in effect on the date of termination, payable in accordance with Company’s regular payroll cycle, provided that Executive: (a) complies with all at) surviving provisions of this Agreement as specified in subsection 13.8 13,8 below; (b) executes a full general release acceptable to Company, releasing all claims, known or unknown, that Executive may have against Company arising out of or any way related to Executive’s employment or termination of employment with Company; (c) agrees to provide transition assistance to Company, without further compensation, for 3 months following the termination of the employment relationship; and (d) agrees, without further compensation, to provide information and assistance as may reasonably be required in connection with litigation in which Company or Executive is a party. In addition to the Severance Payment, Company shall pay for Executive’s COBRA coverage during payout period of the Severance Payment. All other Company obligations to Executive will be automatically terminated and completely extinguished.