Common use of Without Cause By Employer Clause in Contracts

Without Cause By Employer. Employer may terminate this Agreement "without cause" upon thirty (30) days prior written notice to Employee. In the event of such termination, all compensation (including without limitation the Base Salary and any perquisites and fringe benefits, if any) to which Employee would otherwise be entitled (for periods after the effective date of the termination) shall be discontinued and forfeited as of the effective date of such termination. Notwithstanding the foregoing, in the event of such termination by Employer without cause, the following shall occur: (i) Employee shall be paid a cash lump sum severance payment equal to the amount of the Base Salary as defined in Section 4(A) which would be payable to Employee during the remaining initial term of this Agreement if Employee's employment hereunder was not terminated pursuant to this Section 8(B); (ii) Employee shall receive from Employer, at Employer's expense, all benefits set forth in Section 4(F) until the expiration of the initial term of this Agreement; provided however, during such period should a third party provide any such benefit to Employee, Employer's obligation pursuant to this paragraph to provide the fringe benefit provide by the third party shall be reduced by the amount and to the extent such fringe benefit is provided to Employee by such third party; and (iii) Employee shall receive the title to the automobile described in Section 4(D) hereof.

Without Cause By Employer. Employer may terminate this Agreement "------------------------- without cause" cause upon thirty (30) days prior written notice to Employee. In the event of such termination, all compensation (including without limitation the Base Salary base salary and any perquisites and fringe benefits, if any) to which Employee would otherwise be entitled (for periods after the effective date of the termination) shall be discontinued and forfeited as of the effective date of such termination. Notwithstanding the foregoing, in the event of such termination by Employer without cause, the following shall occur: (i) Employee shall be paid a cash lump sum severance payment equal to two times the amount of the Base Salary base salary (as defined set forth in Section 4(A3(a) which would be payable to Employee during hereof) in effect at the remaining initial term time of this Agreement if Employee's employment hereunder was not terminated pursuant to this Section 8(B);the termination, plus the amount of any unpaid bonus earned in the preceding twelve months; and (ii) Employee shall receive from Employer, at Employer's expense, all benefits set forth in Section 4(F3(g) until the expiration of the initial then ------------ current term of this Agreement; provided however, during such period should a third party provide any such benefit to Employee, Employer's obligation pursuant to this paragraph to provide the fringe benefit provide by the third party shall be reduced by the amount and to the extent such fringe benefit is provided to Employee by such third party; and (iii) Employee shall receive the title to the automobile described in Section 4(D) hereof.