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

Termination Without Cause by the Company/Severance. The Company may terminate the Executive’s employment, and the Period of Employment, under this Agreement without Cause at any time on thirty (30) days’ advance notice, in accordance with subsection 11.2 hereof, to the Executive. At the Company’s election, the Executive may be asked to refrain from coming to the office during such thirty-day notice period. In the event of such termination, the Executive shall be entitled to receive the Standard Entitlements, and a severance package as described in subsection 8.2.1 below, provided the Executive complies with the conditions described in subsection 8.2.2 or 8.3.2 below, as applicable. All other Company obligations to the Executive will be automatically terminated and completely extinguished.

Appears in 7 contracts

Samples: Employment Agreement (InterDigital, Inc.), Employment Agreement (InterDigital, Inc.), Employment Agreement (InterDigital, Inc.)

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