Common use of Without Cause, Death or Disability Clause in Contracts

Without Cause, Death or Disability. Employer may terminate Executive’s employment under this Agreement without Cause and without advance notice; provided, however, that if the termination by Employer without Cause is prior to expiration of the original term, or if Executive’s employment is terminated by his death or disability, Employer will continue to pay, as severance pay, Executive’s Base Salary at the rate in effect on the termination date through expiration of the original term or for 18 months, whichever is a longer period of time.

Without Cause, Death or Disability. Employer may terminate Executive’s employment under this Agreement without Cause and without advance notice; provided, however, that if the termination by Employer without Cause is prior to expiration of the original term, or if Executive’s employment is terminated by his Executive’s death or disability, Employer will continue to pay, as severance pay, Executive’s Base Salary at the rate in effect on the termination date through expiration of the original term or for 18 months, whichever is a longer period of time.