Common use of Termination without Just Cause by the Company and Severance Package Clause in Contracts

Termination without Just Cause by the Company and Severance Package. Notwithstanding any other provision of this Agreement, this Agreement may be terminated by the Company without Just Cause at any time after the Effective Date and during the Initial Term and during the continuance of this Agreement upon the Company's delivery to the Executive of prior written notice of its intention to do so (the "Notice of Termination" herein) at least 60 calendar days prior to the effective date of any such termination (the end of such 60-day period from such Notice of Termination being the "Effective Termination Date" herein). In any such event the Executive's ongoing obligation to provide the General Services will continue until the Effective Termination Date and, subject to the following severance package (the "Severance Package" herein) obligation of the Company, the Company's shall continue to be obligated to provide and to pay to the Executive all of the amounts otherwise payable to the Executive under Article "4" hereinbelow until the Effective Termination Date. In this regard, and in addition to all of the amounts otherwise due and payable to the Executive under Article "4" hereinbelow until the Effective Termination Date, the Company shall also pay and provide to the Executive the following amounts in the following manner, however, subject, at all times, to the Executive's ongoing compliance with the Executive's obligations under Article "5" hereinbelow, such ongoing compensation representing the Executive's clear and unequivocal Severance Package for the early termination by the Company without Just Cause under this Agreement prior to the completion of the Initial Term or any Renewal Period of this Agreement: (a) an additional severance cash payment equating to an aggregate of 24 months of the then monthly "Fee" (as hereinafter defined) payable by the Company to the Executive on the Effective Termination Date; and payable within 14 calendar days of the Effective Termination Date; (b) subject to the Executive's prior compliance with the provisions of section "4.5" hereinbelow, all Outstanding Expense Reimbursements payable within 14 calendar days of the Effective Termination Date; (c) all Outstanding Vacation Pay payable within 14 calendar days of the Effective Termination Date; (d) subject to the provisions of sections "4.7" and "4.8" hereinbelow, the Options Extension commencing on the Effective Termination Date; and (e) the Benefits Extension commencing on the Effective Termination Date.

Termination without Just Cause by the Company and Severance Package. Notwithstanding any other provision of this Agreement, this Agreement may be terminated by the Company without Just Cause at any time after the Effective Date and during the Initial Term and during the continuance of this Agreement upon the Company's delivery to the Executive Consultant of prior written notice of its intention to do so (the "Notice of Termination" herein) at least 60 calendar days prior to the effective date of any such termination (the end of such 60-day period from such Notice of Termination being the "Effective Termination Date" herein). In any such event the ExecutiveConsultant's ongoing obligation to provide the General Services will continue until the Effective Termination Date and, subject to the following severance package (the "Severance Package" herein) obligation of the Company, the Company's shall continue to be obligated to provide and to pay to the Executive Consultant and to Xx. Xxxxxx all of the amounts otherwise payable to the Executive Consultant under Article "4" hereinbelow until the Effective Termination Date. In this regard, and in addition to all of the amounts otherwise due and payable to the Executive Consultant and Xx. Xxxxxx under Article "4" hereinbelow until the Effective Termination Date, the Company shall also pay and provide to the Executive Consultant and Xx. Xxxxxx the following amounts in the following manner, however, subject, at all times, to the ExecutiveConsultant's ongoing compliance with the ExecutiveConsultant's obligations under Article "5" hereinbelow, such ongoing compensation representing the ExecutiveConsultant's clear and unequivocal Severance Package for the early termination by the Company without Just Cause under this Agreement prior to the completion of the Initial Term or any Renewal Period of this Agreement: (a) an additional severance cash payment equating to an aggregate of 24 months of the then monthly "Fee" (as hereinafter defined) payable by the Company to the Executive Consultant on the Effective Termination Date; and payable within 14 calendar days of the Effective Termination Date; (b) subject to the ExecutiveConsultant's prior compliance with the provisions of section "4.5" hereinbelow, all Outstanding Expense Reimbursements payable within 14 calendar days of the Effective Termination Date; (c) all Outstanding Vacation Pay payable within 14 calendar days of the Effective Termination Date; (d) subject to the provisions of sections "4.7" and "4.8" hereinbelow, the Options Extension commencing on the Effective Termination Date; and (e) the Benefits Extension commencing on the Effective Termination Date.

Termination without Just Cause by the Company and Severance Package. Notwithstanding any other provision of this Agreement, this Agreement may be terminated by the Company without Just Cause at any time after the Effective Date and during the Initial Term and during the continuance of this Agreement upon the Company's delivery to the Executive of prior written notice of its intention to do so (the "Notice of Termination" herein) at least 60 30 calendar days prior to the effective date of any such termination (the end of such 6030-day period from such Notice of Termination being the "Effective Termination Date" herein). In any such event the Executive's ongoing obligation to provide the General Services will continue until the Effective Termination Date and, subject to the following severance package (the "Severance Package" herein) obligation of the Company, the Company's shall continue to be obligated to provide and to pay to the Executive all of the amounts otherwise payable to the Executive under Article "4" hereinbelow until the Effective Termination Date. In this regard, and in addition to all of the amounts otherwise due and payable to the Executive under Article "4" hereinbelow until the Effective Termination Date, the Company shall also pay and provide to the Executive the following amounts in the following manner, however, subject, at all times, to the Executive's ongoing compliance with the Executive's obligations under Article "5" hereinbelow, such ongoing compensation representing the Executive's clear and unequivocal Severance Package for the early termination by the Company without Just Cause under this Agreement prior to the completion of the Initial Term or any Renewal Period of this Agreement: (a) an additional severance cash payment equating to an aggregate of 24 six months of the then monthly "Fee" (as hereinafter defined) payable by the Company to the Executive on the Effective Termination Date; and payable within 14 calendar days of the Effective Termination DateDate (the "Six-months Severance Fee"); (b) subject to the Executive's prior compliance with the provisions of section "4.5" hereinbelow, all Outstanding Expense Reimbursements payable within 14 calendar days of the Effective Termination Date; (c) all Outstanding Vacation Pay payable within 14 calendar days of the Effective Termination Date; (d) subject to the provisions of sections "4.7" and "4.8" hereinbelow, the Options Extension commencing on the Effective Termination Date; and (e) the Benefits Extension commencing on the Effective Termination Date.

Termination without Just Cause by the Company and Severance Package. Notwithstanding any other provision of this Agreement, this Agreement may be terminated by the Company without Just Cause at any time after the Effective Date and during the Initial Term and during the continuance of this Agreement upon the Company's delivery to the Executive of prior written notice of its intention to do so (the "Notice of Termination" herein) at least 60 calendar days prior to the effective date of any such termination (the end of such 60-day period from such Notice of Termination being the "Effective Termination Date" herein). In any such event the Executive's ongoing obligation to provide the General Services will continue until the Effective Termination Date and, subject to the following severance package (the "Severance Package" herein) obligation of the Company, the Company's shall continue to be obligated to provide and to pay to the Executive all of the amounts otherwise payable to the Executive under Article "4" hereinbelow until the Effective Termination Date. In this regard, and in addition to all of the amounts otherwise due and payable to the Executive under Article "4" hereinbelow until the Effective Termination Date, the Company shall also pay and provide to the Executive the following amounts in the following manner, however, subject, at all times, to the Executive's ongoing compliance with the Executive's obligations under Article "5" hereinbelow, such ongoing compensation representing the Executive's clear and unequivocal Severance Package for the early termination by the Company without Just Cause under this Agreement prior to the completion of the Initial Term or any Renewal Period of this Agreement: (a) an additional severance cash payment equating to an aggregate of 24 12 months of the then monthly "Fee" (as hereinafter defined) ), together with the sum of the Executive's annual Bonus during the most recent year, payable by the Company to the Executive on the Effective Termination Date; and payable within 14 calendar days of the Effective Termination Date; (b) subject to the Executive's prior compliance with the provisions of section "4.54.4" hereinbelow, all Outstanding Expense Reimbursements payable within 14 calendar days of the Effective Termination Date; (c) all Outstanding Vacation Pay payable within 14 calendar days of the Effective Termination Date; (d) subject to the provisions of sections "4.74.6" and "4.84.7" hereinbelow, the Options Extension commencing on the Effective Termination Date; and (e) the Benefits Extension commencing on the Effective Termination Date.

Termination without Just Cause by the Company and Severance Package. Notwithstanding any other provision of this Agreement, this Agreement may be terminated by the Company without Just Cause at any time after the Effective Date and during the Initial Term and during the continuance of this Agreement upon the Company's delivery to the Executive Consultant of prior written notice of its intention to do so (the "Notice of Termination" herein) at least 60 calendar days prior to the effective date of any such termination (the end of such 60-day period from such Notice of Termination being the "Effective Termination Date" herein). In any such event the ExecutiveConsultant's ongoing obligation to provide the General Services will continue until the Effective Termination Date and, subject to the following severance package (the "Severance Package" herein) obligation of the Company, the Company's shall continue to be obligated to provide and to pay to the Executive Consultant and to Xx. Xxxxxx all of the amounts otherwise payable to the Executive Consultant under Article "4" hereinbelow until the Effective Termination Date. In this regard, and in addition to all of the amounts otherwise due and payable to the Executive Consultant and Xx. Xxxxxx under Article "4" hereinbelow until the Effective Termination Date, the Company shall also pay and provide to the Executive Consultant and Xx. Xxxxxx the following amounts in the following manner, however, subject, at all times, to the ExecutiveConsultant's ongoing compliance with the ExecutiveConsultant's obligations under Article "5" hereinbelow, such ongoing compensation representing the ExecutiveConsultant's clear and unequivocal Severance Package for the early termination by the Company without Just Cause under this Agreement prior to the completion of the Initial Term or any Renewal Period of this Agreement: (a) an additional severance cash payment equating to an aggregate of 24 months of the then monthly "Fee" (as hereinafter defined) , together with two times the sum of the Consultant's average annual Bonus during the most recent two years, payable by the Company to the Executive Consultant on the Effective Termination Date; and payable within 14 calendar days of the Effective Termination Date; (b) subject to the ExecutiveConsultant's prior compliance with the provisions of section "4.54.4" hereinbelow, all Outstanding Expense Reimbursements payable within 14 calendar days of the Effective Termination Date; (c) all Outstanding Vacation Pay payable within 14 calendar days of the Effective Termination Date; (d) subject to the provisions of sections "4.74.6" and "4.84.7" hereinbelow, the Options Extension commencing on the Effective Termination Date; and (e) the Benefits Extension commencing on the Effective Termination Date.

Termination without Just Cause by the Company and Severance Package. Notwithstanding any other provision of this Agreement, this Agreement may be terminated by the Company without Just Cause at any time after the Effective Date and during the Initial Term and during the continuance of this Agreement upon the Company's delivery to the Executive of prior written notice of its intention to do so (the "Notice of Termination" herein) at least 60 calendar days prior to the effective date of any such termination (the end of such 60-day period from such Notice of Termination being the "Effective Termination Date" herein). In any such event the Executive's ongoing obligation to provide the General Services will continue until the Effective Termination Date and, subject to the following severance package (the "Severance Package" herein) obligation of the Company, the Company's shall continue to be obligated to provide and to pay to the Executive all of the amounts otherwise payable to the Executive under Article "4" hereinbelow until the Effective Termination Date. In this regard, and in addition to all of the amounts otherwise due and payable to the Executive under Article "4" hereinbelow until the Effective Termination Date, the Company shall also pay and provide to the Executive the following amounts in the following manner, however, subject, at all times, to the Executive's ongoing compliance with the Executive's obligations under Article "5" hereinbelow, such ongoing compensation representing the Executive's clear and unequivocal Severance Package for the early termination by the Company without Just Cause under this Agreement prior to the completion of the Initial Term or any Renewal Period of this Agreement: (a) an additional severance cash payment equating to an aggregate of 24 months of the then monthly "Fee" (as hereinafter defined) ), together with two times the sum of the Executive's average annual Bonus during the most recent two years, payable by the Company to the Executive on the Effective Termination Date; and payable within 14 calendar days of the Effective Termination Date; (b) subject to the Executive's prior compliance with the provisions of section "4.54.4" hereinbelow, all Outstanding Expense Reimbursements payable within 14 calendar days of the Effective Termination Date; (c) all Outstanding Vacation Pay payable within 14 calendar days of the Effective Termination Date; (d) subject to the provisions of sections "4.74.6" and "4.84.7" hereinbelow, the Options Extension commencing on the Effective Termination Date; and (e) the Benefits Extension commencing on the Effective Termination Date.