By the Company Without. “Cause”. (a) The Company may terminate Executive’s employment without “Cause” (as defined below) at any time following the Effective Date upon delivery of a Notice of Termination to Executive. (b) Upon termination of Executive’s employment by the Company Without Cause, other than due to a Change of Control Termination Event, Executive shall be entitled to: (i) the balance of the Base Salary, less payments made to Executive under this Agreement; (ii) subject to Executive’s execution and delivery to the Company of (a) a letter of resignation resigning as a member of the Board, if applicable, and all other positions with the Company and its subsidiaries (the “Letter of Resignation”) and (b) a general release of claims in such form as reasonably determined by the Company (which execution version of such release will be provided no later than five (5) calendar days following the Date of Termination) and such general release (the “ Release ”) has become irrevocable pursuant to its terms and applicable law.
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Sources: Employment Agreement (MJ Holdings, Inc.), Employment Agreement (MJ Holdings, Inc.)