By the Corporation without Cause by the Corporation at any time without Cause (as defined in Section 5.7), by providing written notice to the Executive specifying the effective date of termination (which may be immediately), in which case the “Date of Termination” shall mean the effective date set out by the Corporation in such written notice;
By the Corporation without Cause. The Corporation shall have the right, in its sole discretion, to terminate Officer’s employment hereunder at any time effective upon the giving of written notice of such termination to Officer (or at such later date as the notice provides). In such event, Officer shall be entitled to receive the following: (a) all amounts of the Base Salary and any bonuses and other earned but unpaid compensation that are earned, accrued or vested but unpaid through the date of termination; (b) an amount equal to the Severance Amount, computed and payable as provided in Section 2.12; and (c) any rights and benefits of any of the employee benefits earned, accrued or vested (including under any plans in which he was participating) as of the date of such termination, subject to the terms and conditions of such plans and benefits, but Officer shall not attain vested status in any plans or benefits in which he is not vested on the date of termination.
By the Corporation without Cause. The Corporation may terminate Executive’s employment without Cause upon 90 days’ prior written notice.
By the Corporation without Cause. In the event Executive’s employment under this Agreement is terminated by the Corporation without Cause the Corporation shall provide Executive with a severance benefit in an amount equal to no less than twelve (12) and no more than eighteen (18) months of Executive’s most recent monthly Base Salary plus an additional monthly amount equal to $15,583.33 (such period of time to be a “Severance Period”) to be paid in substantially equal installments not less frequently than monthly over such Severance Period or, if less, the period during which Executive is not in breach of the provisions of Sections 8, 9, 10 or 11 of this Agreement. The Corporation shall be the sole deciding party with regard to the specific length of such Severance Period and shall notify Executive in writing within 90 days of termination of the length of such Severance Period. For the duration of such Severance Period, the Corporation will provide to the Executive all listed benefits in this Agreement at no additional cost (beyond that which would have been paid had there been no termination) to Executive, excluding bonuses and paid vacation. Stock options shall continue to vest throughout the duration of such Severance Period in accordance with the vesting schedule set forth in Section 3(f) and the Stock Option Plan. The Corporation also shall pay Executive all compensation accrued to Executive as of the date of termination of employment. Any failure by the Corporation to pay any of the foregoing benefits and compensation in full and when it comes due, which failure has continued for a period of at least 30 days after a written notice of demand to the Board of Directors for substantial performance by Executive, will result in interest accruing at the rate of one percent (1%) per two-week pay period.
By the Corporation without Cause. The Corporation in its sole discretion may, upon thirty (30) days' written notice to the Executive, terminate the Executive's employment under this Agreement for any reason not specified in Section 10(b) or for no reason at all.
By the Corporation without Cause. Subject to (d) below, the Corporation may terminate MxXxxxxxx’x employment at any time without cause by giving MxXxxxxxx written notice thereof.
