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 Period without “Cause” either (i) upon six (6) months written notice to Executive; or (ii) if less than six (6) months written notice then subject to the payment of a lump sum equal to the balance of the Executive’s salary that would otherwise have been received between the date of termination and the completion of the six (6) month notice period.

Appears in 2 contracts

Samples: Executive Employment Agreement (Volitionrx LTD), Executive 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 Period Term without “Cause” either (i) upon six (6) months written notice to ExecutiveEmployee; or (ii) if less than six (6) months written notice then subject to the payment of a lump sum equal to the balance of the ExecutiveEmployee’s salary that would otherwise have been received between the date of termination and the completion of the six (6) month notice period...

Appears in 2 contracts

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

Termination Without Cause by Company. The Company may terminate this Agreement at any time during the Employment Period Term without “Cause” either (i) upon six three (63) months written notice to ExecutiveEmployee; or (ii) if less than six three (63) months written notice then subject to the payment of a lump sum equal to the balance of the ExecutiveEmployee’s salary Base Salary that would otherwise have been received between the date of termination and the completion of the six three (63) month notice periodperiod (which lump-sum shall be payable and conditioned upon receipt by the Company of a satisfactory release executed by Employee).

Appears in 2 contracts

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

Termination Without Cause by Company. The Company may terminate this Agreement at any time during the Employment Period Term without “Cause” either (i) upon six three (63) months written notice to ExecutiveEmployee; or (ii) if less than six three (63) months written notice then subject to the payment of a lump sum equal to the balance of the ExecutiveEmployee’s salary Base Salary that would otherwise have been received between the date of termination and the completion of the six three (63) month notice periodperiod (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)

Termination Without Cause by Company. The Company may terminate this Agreement at any time during the Employment Period Term without “Cause” either (i) upon six two (62) months written notice to ExecutiveEmployee; or (ii) if less than six two (62) months written notice then subject to the payment of a lump sum equal to the balance of the ExecutiveEmployee’s salary Base Salary that would otherwise have been received between the date of termination and the completion of the six two (62) month notice periodperiod (which lump-sum shall be payable and conditioned upon receipt by the Company of a satisfactory release executed by Employee).

Appears in 1 contract

Samples: 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 Period Term without “Cause” either (i) upon six (6) months written notice to ExecutiveEmployee; or (ii) if less than six (6) months written notice then subject to the payment of a lump sum equal to the balance of the ExecutiveEmployee’s salary that would otherwise have been received between the date of termination and the completion of the six (6) month notice period.

Appears in 1 contract

Samples: Employment Agreement (Volitionrx LTD)

Termination Without Cause by Company. The Company may terminate this Agreement at any time during the Employment Period Term without “Cause” either (i) upon six three (63) months written notice to ExecutiveEmployee; or (ii) if less than six three (63) months written notice then subject to the payment of a lump sum equal to the balance of the ExecutiveEmployee’s salary Base Salary that would otherwise have been received between the date of termination and the completion of the six three (63) month notice periodperiod (which lump sum shall be payable upon receipt by the Company of a satisfactory release from Employee). Notwithstanding the foregoing, in no event shall a termination pursuant to a notice of non-renewal provided in Section 2 trigger additional payments under this Section 9(b).

Appears in 1 contract

Samples: Employment Agreement (Volitionrx LTD)

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