At the election of the company or the board for reasons other than for cause
At the Election of the Company or the Board for Reasons Other than for Cause Sample Clauses
At the Election of the Company or the Board for Reasons Other than for Cause. The Company or the Board may, immediately and unilaterally, terminate the Executive’s employment under this Agreement at any time during the term of this Agreement without Cause by giving thirty (30) days’ advance written notice to the Executive of the election to terminate. During such thirty-day period, the Executive will be available on a full-time basis for the benefit of the Company to assist the Company in making the transition to a successor. In the event that the Company or the Board terminates the Executive without Cause and opts not to provide the Executive with such notice, the Company shall pay to the Executive his prorated Base Salary rate for such thirty (30) days in lieu of such notice. The Executive will not accrue vacation pay or any other benefits during such period. In the event the Company or the Board exercises its or their right to terminate the Executive under this Section 5(D), the Executive shall be eligible for severance payments and benefits upon satisfaction of the conditions as set forth in 5(G).