Common use of Termination Without Cause or Disability Clause in Contracts

Termination Without Cause or Disability. The Company may terminate Executive's employment at any time for other than Cause or disability, by providing written notice to the Executive. In such event (unless such termination would be covered by Section 6(e) below), the Company shall pay Executive as severance (i) an amount equal to 12 months of his then Base Salary, less standard withholdings for tax and social security purposes, payable over such 12 month term in monthly pro rata payments commencing as of the Termination Date and (ii) the accrued portion of any vacation earned, less standard withholdings for tax and social security purposes. Notwithstanding the foregoing, the Company shall not be obligated to pay any termination payments under this Section 6(d) above if Executive breaches the provisions of Sections 7, 8 or 9 below.

Termination Without Cause or Disability. The Company may terminate Executive's employment at any time for other than Cause or disability, by providing written notice to the Executive. In such event (unless such termination would be covered by Section 6(e) below), the Company shall pay Executive as severance (i) an amount equal to 12 24 months of his then Base Salary, less standard withholdings for tax and social security purposes, payable over such 12 24 month term in monthly pro rata payments commencing as of the Termination Date and (ii) the accrued portion of any vacation earned, less standard withholdings for tax and social security purposes. Notwithstanding the foregoing, the Company shall not be obligated to pay any termination payments under this Section 6(d) above if Executive breaches the provisions of Sections 7, 8 or 9 below.

Termination Without Cause or Disability. The Company may terminate Executive's employment at any time for other than Cause or disability, by providing written notice to the Executive. In such event (unless such termination would be covered by Section 6(e) below), the Company shall pay Executive as severance (i) an amount equal to 12 months MONTHS of his then Base Salary, less standard withholdings for tax and social security purposes, payable over such 12 month term in monthly pro rata payments commencing as of the Termination Date and (ii) the accrued portion of any vacation earned, less standard withholdings for tax and social security purposes. Notwithstanding the foregoing, the Company shall not be obligated to pay any termination payments under this Section 6(d) above if Executive breaches the provisions of Sections 7, 8 or 9 below.