Without Cause by the Company. The Employment Term and this Agreement may be terminated by the Company without Cause (other than by reason of Employee’s death or Disability) following the delivery by the Company of a Notice of Termination to Employee at least 30 days prior to such termination. If Employee’s employment is terminated by the Company without Cause, Employee shall be entitled to receive:
1. the Accrued Obligations; and
2. subject to Employee’s continued compliance with Sections X, XI, XII, XIII and XIV of this Agreement, and execution and delivery within 60 days after termination of Employee’s employment of a release and waiver of all claims Employee may have against the Company, Aveon, their subsidiaries and affiliates, predecessors and successors, and their respective shareholders, directors, officers, employees and agents, substantially in the form attached hereto as Exhibit B (the “Release”), which release must be effective when delivered after giving effect to any post-execution revocation period described therein, (a) a lump sum cash payment in an amount equal to the full annual Base Salary then in effect, paid on the date the Release becomes irrevocable and effective in accordance with its terms, (b) the Annual Bonus for the year during which Employee’s employment is terminated paid on the date that Annual Bonuses are paid to the majority of other Company employees entitled to an Annual Bonus, however, if in the year of termination, the Hurdle is not attained, Employee will not be eligible for any future Annual Bonus notwithstanding any contrary provision in Section IV.A of this Agreement and (c) any unpaid Annual Bonus for any previously completed fiscal year, and shall have no claim to any Annual Bonus amount except as described in this Section VIII.C.2. Employee shall have no further rights to any compensation or benefits under this Agreement. All other benefits, if any, due Employee following a termination pursuant to this Section VIII.C shall be determined in accordance with the plans, policies and practices of the Company and any applicable statute or regulation; provided, however, that Employee shall not participate in any severance plan, policy or program of the Company or any affiliate of the Company. The expiration of the Employment Term on the last date of the Initial Employment Term or any Renewal Term thereof following proper advance notice as contemplated by Section I.B shall not be considered a termination without Cause by the Company and Employee shall...
Without Cause by the Company. The Company may terminate the Employment hereunder at any time without Cause upon 60-day prior written notice to the Executive. The Executive may terminate the Employment voluntarily for any reason or no reason at any time by giving 60-day prior written notice to the Company.
Without Cause by the Company. The Company may terminate the Executive’s employment thirty (30) days following notice of termination without Cause given by the Company and, in such event, the Term shall terminate. During such thirty (30) day notice period, the Company may require that the Executive cease performing some or all of the Executive’s duties and/or not be present at the Company’s offices and/or other facilities.
Without Cause by the Company. The Company may terminate this Agreement upon not less than 5 days' written notice to Employee at and for the Company's sole convenience and in its sole discretion and without specifying any cause as set forth in Section 8.3 hereof. In such event, and contingent upon (i) receipt by the Company of a valid and fully effective release (in form and substance satisfactory to the Company) of all claims under the Age Discrimination and Employment Act, 29 U.S.C. ss. 621 et. seq (ii) the resignation of Employee from all positions of any nature which Employee may then have held with the Company and any of its affiliates.
Without Cause by the Company. The Employment Term and the Executive’s employment hereunder may be terminated by the Company without “Cause.” If the Executive’s employment is terminated by the Company without “Cause” (other than by reason of Disability or death), the Executive shall be entitled to receive (i) within 45 days of such termination, any earned or accrued and unpaid Base Salary and Benefits and Bonus (provided that any such Bonus shall not be payable until such time as the Executive would have received the Bonus had his employment not terminated), (ii) continuation of the Executive’s Base Salary for a period of twelve (12) months from the date of termination (the “Severance Payment”), (iii) continuation of the Executive’s (and the Executive’s dependents, if applicable) health and dental benefits on the same basis as those benefits are generally made available to other executives of the Company to the extent permitted under the applicable health or dental plan for a period of twelve (12) months from the date of termination, and (iv) reimbursement for outplacement services, not to exceed a total of $5,000. Upon termination of Executive’s employment by the Company without Cause pursuant to this Section 9(c), Executive shall have no additional rights to any compensation or any other benefits under this Agreement. All other benefits, if any, due Executive following Executive’s termination of employment by the Company without Cause shall be determined in accordance with the plans, policies and practices of the Company.
Without Cause by the Company. The Company may, at its option, at any time terminate this Agreement and the Employee’s employment hereunder Without Cause (as defined below) by giving ninety (90) days prior written notice (or payment of ninety (90) days Base Salary in lieu of notice) to the Employee of the Employee’s intention to terminate this Agreement and his employment hereunder.
Without Cause by the Company. The Employment Term and the Executive's employment hereunder may be terminated by the Company without "Cause." If the Executive's employment is terminated by the Company without "Cause" (other than by reason of Disability or death), the Executive shall be entitled to receive (i) any accrued and unpaid Base Salary and Benefits, (ii) continuation of the Executive's Base Salary for a period of twelve (12) months from the date of termination (the "SEVERANCE PAYMENT"), (iii) continuation of the Executive's health and dental insurance coverage on the same basis as those benefits are generally made available to other executives of the Company and (iv) a Pro Rata Bonus. Upon termination of Executive's employment by the Company without Cause pursuant to this Section 7(c), Executive shall have no additional rights to any compensation or any other benefits under this Agreement. All other benefits, if any, due Executive following Executive's termination of employment by the Company without Cause shall be determined in accordance with the plans, policies and practices of the Company.
Without Cause by the Company. The COMPANY may terminate the EXECUTIVE'S employment hereunder without Cause (as defined in paragraph (b), below), only upon action by the COMPANY's Board of Directors, and upon not less than ten (10) days' prior written notice to the EXECUTIVE.
Without Cause by the Company. The Company may, at its option, at any time terminate Executive’s employment for no reason or for any reason whatsoever (other than for Cause), provided that in such event the Company shall be obligated to pay Executive the Severance Payment (as defined below and described more fully in Section 3.02).
Without Cause by the Company. The Company may, at its option, terminate Employee's employment for any reason whatsoever (other than for Cause) by giving 90 days prior written notice of termination to Employee.
