Common use of Termination Without Cause by Company Clause in Contracts

Termination Without Cause by Company. The Company may terminate this Agreement at any time during the Employment Term without “Cause” either (i) upon three (3) months written notice to Employee; or (ii) if less than three (3) months written notice then subject to the payment of a lump sum equal to the balance of the Employee’s Base Salary that would otherwise have been received between the date of termination and the completion of the three (3) month notice period (which lump sum shall be payable upon receipt by the Company of a satisfactory release from Employee).

Appears in 2 contracts

Samples: Employment Agreement (Volitionrx LTD), Employment Agreement (Volitionrx LTD)

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Termination Without Cause by Company. The Company may terminate this Agreement at any time during the Employment Term without “Cause” either (i) upon three six (36) months written notice to Employee; or (ii) if less than three six (36) months written notice then subject to the payment of a lump sum equal to the balance of the Employee’s Base Salary salary that would otherwise have been received between the date of termination and the completion of the three six (36) month notice period (which lump sum shall be payable upon receipt by the Company of a satisfactory release from Employee).period..

Appears in 2 contracts

Samples: Volitionrx Limited Employment Agreement (Volitionrx LTD), Volitionrx Limited Employment Agreement (Volitionrx LTD)

Termination Without Cause by Company. The Company may terminate this Agreement at any time during the Employment Term Period without “Cause” either (i) upon three six (36) months written notice to EmployeeExecutive; or (ii) if less than three six (36) months written notice then subject to the payment of a lump sum equal to the balance of the EmployeeExecutive’s Base Salary salary that would otherwise have been received between the date of termination and the completion of the three six (36) month notice period (which lump sum shall be payable upon receipt by the Company of a satisfactory release from Employee)period.

Appears in 2 contracts

Samples: Executive Employment Agreement (Volitionrx LTD), Executive Employment Agreement (Volitionrx LTD)

Termination Without Cause by Company. The Company may terminate this Agreement at any time during the Employment Term without “Cause” either (i) upon three (3) months written notice to Employee; or (ii) if less than three (3) months written notice then subject to the payment of a lump sum equal to the balance of the Employee’s Base Salary that would otherwise have been received between the date of termination and the completion of the three (3) month notice period (which lump lump-sum shall be payable and conditioned upon receipt by the Company of a satisfactory release from executed by Employee).

Appears in 2 contracts

Samples: Employment Agreement (Volitionrx LTD), Restricted Stock Unit Agreement (Volitionrx LTD)

Termination Without Cause by Company. The Company may terminate this Agreement at any time during the Employment Term without “Cause” either (i) upon three six (36) months written notice to Employee; or (ii) if less than three six (36) months written notice then subject to the payment of a lump sum equal to the balance of the Employee’s Base Salary salary that would otherwise have been received between the date of termination and the completion of the three six (36) month notice period (which lump sum shall be payable upon receipt by the Company of a satisfactory release from Employee)period.

Appears in 1 contract

Samples: Volitionrx Limited Employment Agreement (Volitionrx LTD)

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Termination Without Cause by Company. The Company may terminate Executive’s employment under this Agreement without Cause at any time during the Employment Term without “Cause” either on thirty (i30) upon three (3) months days’ advance written notice to Employee; or (ii) if less than three (3) months written notice then subject to the payment of a lump sum equal to the balance of the Employee’s Base Salary that would otherwise have been received between the date of termination and the completion of the three (3) month notice period (which lump sum shall be payable upon receipt by the Company of a satisfactory release from Employee)Executive.

Appears in 1 contract

Samples: Employment Agreement (Multimedia Games Inc)

Termination Without Cause by Company. The Company may terminate this Agreement at any time during the Employment Term without “Cause” either (i) upon three two (32) months written notice to Employee; or (ii) if less than three two (32) months written notice then subject to the payment of a lump sum equal to the balance of the Employee’s Base Salary that would otherwise have been received between the date of termination and the completion of the three two (32) month notice period (which lump lump-sum shall be payable and conditioned upon receipt by the Company of a satisfactory release from executed by Employee).

Appears in 1 contract

Samples: Employment Agreement (Volitionrx LTD)

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