Common use of Termination Without Cause/Severance Clause in Contracts

Termination Without Cause/Severance. (a) Each of the Company and the Employee may terminate the Employee's employment under this Agreement at any time for any reason whatsoever, without any further liability or obligation of the Company to the Employee or of the Employee to the Company from and after the date of such termination (other than liabilities or obligations accrued but unsatisfied on, or surviving, the date of such termination), by sending ninety (90) days' prior notice to the other party.

Appears in 7 contracts

Samples: Employment Agreement (Princeton Video Image Inc), Employment Agreement (Princeton Video Image Inc), Employment Agreement (Princeton Video Image Inc)

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Termination Without Cause/Severance. (a) Each of the Company and the Employee may terminate the Employee's employment under this Agreement at any time for any reason whatsoever, without any further liability or obligation of the Company to the Employee or of the Employee to the Company from and after the date of such termination (other than liabilities or obligations accrued but unsatisfied on, or surviving, the date of such termination), by sending ninety (90) days' prior written notice to the other party.

Appears in 1 contract

Samples: Employment Agreement (Princeton Video Image Inc)

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