Common use of Without Good Cause Clause in Contracts

Without Good Cause. Should Employee be terminated by VPI without good cause during the Term, Employee shall be entitled to continue to receive from VPI the base salary at the rate then in effect for whatever time period is remaining under the Term of this Agreement or for one (1) year, whichever amount is greater. Should Employee be terminated by VPI without good cause at any time during or after the Term, Employee shall be entitled to waive Employee's right to receive severance compensation (by a written waiver delivered to VPI on the effective date of termination), and, in such case, the non-competition provisions of paragraph 3 shall not apply.