Common use of Termination Without Cause by the Company or Termination With Good Reason by Employee Clause in Contracts

Termination Without Cause by the Company or Termination With Good Reason by Employee. (i) The Company may terminate Employee’s employment at any time for any reason (or for no reason) upon ten (10) business days prior written notice (“Termination Without Cause”). (ii) Employee may terminate Employee’s employment as a result of any of the following acts of the Company (“Termination With Good Reason”) upon ten (10) business days prior written notice, provided Employee has provided Company such written notice within sixty (60) days of the occurrence thereof: a substantial demotion in Employee’s position; or material breach of this Agreement (which, as to either such item, if capable of being cured (as determined by the Company), shall remain uncured following ten (10) business days after written notice thereof) (“Good Reason”).

Termination Without Cause by the Company or Termination With Good Reason by Employee. (i) The Company may terminate Employee’s employment at any time for any reason (or for no reason) upon ten (10) business days days’ prior written notice (“Termination Without Cause”). (ii) Employee may terminate Employee’s employment as a result of any of the following acts of the Company (“Termination With Good Reason”) upon ten (10) business days prior written notice, provided Employee has provided Company such written notice within sixty (60) days of the occurrence thereof: a substantial demotion in Employee’s position; or material breach of this Agreement (which, as to either such item, if capable of being cured (as determined by the Company), shall remain uncured following ten (10) business days after written notice thereof) (“Good Reason”).